Noel voted against Chandrasekaran’s reappointment MUMBAI: The largest shareholder in Tata Sons, Sir Dorabji Tata Trust (SDTT), is weighing legal options including a possible plea before the Mumbai bench of the National Company Law Tribunal, to challenge N Chandrasekaran’s reappointment as chairman for five years, according to people familiar with the matter.The development follows Tata…
Net direct tax collections up 23% NEW DELHI: Direct tax collections grew 15.2% to Rs 14.3 lakh crore in the current financial year up to Sept 17, driven by a faster growth in the corporation tax mop-up.Latest data released by the income tax authorities pointed to a mild pick-up in advance tax payments, whose second…
The Dario Amodei-led startup has said it wants to unlock treatments for rare diseases SAN FRANCISCO: Anthropic has set up a wet lab in San Francisco Bay Area, expanding its artificial intelligence ambitions into physical biology and drug science, according to two people familiar with the matter and company life sciences head Eric Kauderer-Abrams.The Dario…
The extension keeps the restriction in place until September 21, 2027, with limited exceptions for cases deemed to be in the US national interest. US President Donald Trump has extended restrictions on the H-1B nonimmigrant visa programme for another 12 months, keeping in place a $100,000 payment requirement for certain H-1B workers seeking to enter…
The law now allows Trump to put up to 100% tariffs on Russian oil buyers US President Donald Trump has signed into law a sweeping sanctions package targeting Russia and Iran, giving his administration expanded powers to penalise countries that continue buying Russian oil and gas, including India.The “Lindsey O. Graham Sanctioning Russia and Iran…
ACME is developing green ammonia and green methanol facilities in India and Oman NEW DELHI: Global investment firm Brookfield will invest up to $600 million in ACME Cleantech Ventures to support development and construction of green molecule projects in India and West Asia, the companies said Thursday. ACME Cleantech Ventures is a UK-based privately held…
Bulk consumers must declare their sugar stocks on the food department’s portal every Friday NEW DELHI: Ahead of the festive season, Centre Friday relaxed the stockholding limit for bulk sugar consumers, allowing them to hold sugar for up to 30 days instead of the existing 15 days, as retail prices have eased by nearly 10%…
The part reserved for employees was almost fully subscribed MUMBAI: The Rs 22,562 crore IPO for NSE, the largest stock exchange in India in terms of turnover and profits, received bids for nearly 3.8 crore shares against about 8.9 crore shares on offer in the post-anchor bidding process. This translates to an overall subscription of…
The IPO is an offer for sale (OFS) of 12.64 crore shares, which means that NSE will not receive any money raised through the issue. NSE IPO Day 2: National Stock Exchange of India IPO, India’s second largest till date, enters its second day of subscription with a grey market premium (GMP) of around 8%,…
Saudi Aramco to halt crude supplies to European refiners next month Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on a key Saudi pipeline to the Red Sea, Bloomberg News reported on Friday.European customers typically receive Saudi crude under term contracts…
