MUMBAI: Tata Trusts chairman Noel Tata’s three children have become shareholders of Tata Sons for the first time, according to the company’s FY26 documents, after inheriting shares from their grandmother Simone Tata.Leah, Maya and Neville Tata – all of whom work within the Tata Group – now hold two Tata Sons shares each. The stakes…
NEW DELHI: Air India’s transformation to a world class airline, following its return to founder Tata Group in 2022, could take up to a decade due to serious headwinds the aviation industry and the Maharaja have encountered in recent years.The earlier assessment of giving the airline a facelift in five years under Vihaan programme has…
Oil prices rebounded sharply on Wednesday, reversing part of the previous session’s steep decline, as renewed tensions in the Middle East reignited concerns over global crude supplies. Lower US crude inventories and expectations around OPEC+ production policy also lent support to the market.Brent crude climbed 4.41% to $87.80 a barrel, gaining $3.71, while US West…
MUMBAI: Delhi high court has ordered the winding up of Paytm Payments Bank, weeks after RBI cancelled its banking licence citing concerns over its operations and management.The court, through orders dated July 8 and July 22, 2026, directed that Paytm Payments Bank be wound up under provisions of the Banking Regulation Act, 1949, read with…
BENGALURU: Premium liquor brands continued to fuel growth at Radico Khaitan, with the spirits maker reporting a 76% year-on-year jump in net profit to Rs 230 crore for the June quarter, helped by robust demand for its high-end portfolio and easing input costs.Net profit stood at Rs 131 crore in the year-ago period.Total income rose…
NEW DELHI: Industrial production grew 7.3% in June, a 22-month high, as against 2.2% a year ago on account of strong expansion in manufacturing, electricity and gas supply in the month, due to low base effect and resilient domestic demand conditions in the face of prolonged crisis in West Asia and erratic monsoon. Sequentially too,…
The Union Cabinet has approved amendments to the MSME Development Act to improve liquidity, strengthen the Udyam portal, decriminalise minor offences, and speed up payment resolution for small businesses. (Representative image) NEW DELHI: Small businesses supplying goods and services to central public sector undertakings (CPSUs) will get their dues cleared faster under proposed amendments to…
