MUMBAI Cyrus Mistry, the ousted chairman of Tata Sons, has filed four caveats against Ratan Tata and Dorabji Tata Trust at the National Company Law Tribunal, news channel CNBC TV18 reported on Tuesday.
MUMBAI The interim chairman of Tata group, Ratan Tata, said on Tuesday that company leaders should focus on running their respective businesses and not be distracted by the change in overall leadership at the conglomerate.
NEW DELHI/MUMBAI The surprise removal of Tata Sons' chairman Cyrus Mistry and his advisory team, and the temporary return of Ratan Tata, could distract the salt-to-software conglomerate from ongoing efforts to trim debt and reshape some of its businesses.
MUMBAI When Indian retailer Future Group opened a warehouse on the outskirts of Nagpur three years ago to supply its supermarkets, the building was surrounded by dry, barren fields. Now it is only one in an expanse of distribution centres, storage depots and factories.
Indian shares ended lower on Tuesday, weighed down by losses in stocks of Tata Group companies after Cyrus Mistry was ousted as chairman of salt-to-software conglomerate Tata Sons.
MUMBAI Dr Reddy's Laboratories Ltd, India's second-largest drugmaker, reported a quarterly profit that was below analysts' estimates due to a drop in sales, mainly in emerging markets.
SINGAPORE Indian private-sector power utility Torrent Power is seeking 38 cargoes of liquefied natural gas (LNG) for delivery over four years beginning April 2017, in what is likely to be the firm's first import tender.
MUMBAI Indian private sector lenders HDFC Bank Ltd and Kotak Mahindra Bank Ltd reported second-quarter net profit rose on higher interest and fee income, while their bad-loan ratios were lower than the previous quarter.
SINGAPORE Tata Power Company Ltd plans to expand capacity by acquiring some of India's numerous underutilised plants instead of investing in expensive new facilities, the utility's chief executive said.
LONDON Britain on Tuesday gave Heathrow Airport the green light to build a new $22 billion runway, ending 25 years of indecision and vowing to boost global trade links following the vote to leave the European Union.