Business

N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027 MUMBAI: About a year after Tata Trusts, which controls 66% in Tata Sons, the holding company of India’s largest conglomerate, unanimously approved a third five-year term as chairman for N Chandrasekaran (62), he abruptly announced Wednesday…

Among the names in circulation for the top job is TV Narendran (right), 61, managing director of Tata Steel MUMBAI: For the past few decades, change of guard at Bombay House has often been accompanied by a large dose of drama.N Chandrasekaran’s sudden announcement has added to the uncertainty of the past few months, when…

Price pressures remain stronger in rural India (4.8%), up from 4.7% in June NEW DELHI: Retail inflation inched up to 4.45% in July on expensive kitchen staples, including onion and ginger, even as price rise remained above the Reserve Bank’s median target for the second consecutive month, according to govt data.The consumer price index (CPI)-based…

The methodology used to calculate internal benchmarks will also have to be made publicly available MUMBAI: Lenders may no longer be able to tinker with loan spreads over the benchmark rate to offer new borrowers better deals than existing customers. Draft RBI rules seeking to standardise interest-rate setting across banks, NBFCs and cooperatives require lenders…

As entry-level 5G smartphones became more expensive, several brands reintroduced or extended 4G models to retain buyers at the lower end NEW DELHI: India’s cheapest smartphones are disappearing fast. Rising component costs have made sub-$100 (around Rs 9,000) devices increasingly unviable for manufacturers, while giving older 4G technology an unexpected lifeline as brands look for…

Starting Nov 2024, Sebi had made several changes to the trading rules for F&O, including increasing margins and contract sizes. MUMBAI: New rules introduced by markets regulator Sebi to curtail excessive speculation and trading in the futures & options (F&O) segment have reduced aggregate losses incurred by retail investors during fiscal 2025-26, but per-investor loss…

Gold prices are trading near multi-week highs on Wednesday as investors weigh competing signals from the US economy and the ongoing Middle East conflict. Spot gold was up 0.3% at $4,377.79 per ounce by 0055 GMT, after climbing to its highest level since June 5 in the previous session. The metal encountered technical resistance around…

N Chandrasekaran’s decision leaves the board with the task of selecting a new chairman.. (Reuters file photo) N Chandrasekaran’s decision to step down as Tata Sons chairman after his current tenure ends in February 20207 has brought to light the power struggle within the Tata group.His decision represents a major leadership change at Tata Sons…

Setty said the next phase of AI-led banking should move beyond retail banking and customers with established financial histories MUMBAI: Artificial intelligence could help banks expand credit to rural India, small businesses and farmers while improving risk assessment and productivity, SBI chairman CS Setty said at FIBAC 2026, but banks will have to strengthen cyber…

The rake consists of three AC sleeper coaches, three AC chair cars, 11 Non-AC chair cars and two power cars. Indian Railways rolls out passenger coaches for Bangladesh! The Rail Coach Factory (RCF) in Kapurthala has achieved a major milestone on Wednesday with the rollout of its first rake of 19 Linke Hofmann Busch (LHB)…