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Tata shake-up may distract group from restructuring efforts

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.

Sensex ends lower; Tata Group firms weigh

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.

Torrent Power seeks 38 LNG cargoes via term import tender

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.

Britain backs new $22 billion runway at Heathrow

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.

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