File photo: N Chandrasekaran Tata Sons has told the Tata Trusts’ chairman Noel Tata that its decision to reappoint N Chandrasekaran as chairman was legally valid and consistent with the company’s internal governance framework, according to two people with direct knowledge of the letter, as cited by Reuters.The letter marks the conglomerate’s first formal response…
In 2015, the homebuyer decided to purchase two flats being offered by a Mumbai-based builder. Delayed possession of homes can cause grievances to homebuyers. But, what if the builder inserts clauses of deductions if you cancel the booking and ask for a refund?In one such case the Maharashtra Real Estate Appellate Tribunal (MahREAT), Mumbai, has…
There is a certain irony in NSE itself getting listed. The institution that has spent more than three decades providing a platform for companies to raise capital and investors to trade shares became a listed company on Thursday. Because Sebi’s rules do not allow a stock exchange to list on its own platform, NSE made…
The New Delhi-Varanasi service is around 40-50% faster than earlier services on the route. India’s infrastructure expansion has been continuing for several years now, with the fruits of the labour now visible in terms of less travel time between places. Across bridges, tunnels, expressways and railways, projects are replacing long detours, difficult terrain and slower…
An employee whose statutory “wages” are up to Rs 25,000 will now fall within mandatory PF coverage. The government’s decision to increase the provident fund wage ceiling from Rs 15,000 to Rs 25,000 is one of the most significant social security reforms in recent years. The move is expected to expand provident fund, pension and…
The selloff was not limited to large-cap stocks. The Nifty Midcap 100 and Nifty Smallcap 100 indices each fell. Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Thursday on weak global cues and a sharp rise in US yields.The stock market came under heavy selling pressure,…
Nearly two decades ago, rapper 50 Cent (Curtis James Jackson) joined an effort to transform an underused community garden in Queens into a public green space designed for gardening, recreation and community gatherings. Today, the site continues to carry his name as the Curtis “50 Cent” Jackson Community Garden.The project began in 2007 and had…
Less than a year after completion, the newly built mansion at 46 Cliff Road in Belvedere hit the market. The waterfront mansion is asking $32 million, the San Francisco Business Times reported. The three-storey home sprawls across 5,000 square feet with four bedrooms, five bathrooms, and what may be its most prized perk: direct access…
The government has decided to advance the payment of salaries, wages and pensions for central government employees. Bank strike from September 28-30: In lieu of the upcoming three-day bank strike from September 28 to September 30, the Finance Ministry has asked all ministries and departments to arrange for the advance payment of September salaries.The salaries…
An Oklahoma homeowner who bought five acres of land from his grandfather in 1994 has learned that local authorities claim ownership of a narrow strip of land right next to his house, which is now set to be sold at a public tax auction. Thirty-two years after buying the rural property, the homeowner was told…
