Noel Tata, two others block Mehli Mistry’s reappointment as trustee, deepening rift at Tata Trusts

New Delhi: Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata’s close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of the Tata Group, people familiar with the matter said. Noel Tata…

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US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

New Delhi: US sanctions against two of Russia’s largest oil companies are expected to impact Reliance Industries’ crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all…

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China files complaint, says India’s PLI schemes for auto, EV policy violate WTO norms

New Delhi: China has alleged that certain conditions in India’s Production Linked Incentive schemes for advanced chemistry cell battery, automobiles, and the policy to promote the manufacturing of electric vehicles violate global trade rules, and has filed a complaint against these measures at the WTO. According to a communication of the Geneva-based WTO, China has…

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REI Expo 2025 to attract more than Rs 1,800 cr investments in India’s biogas sector: IBA

New Delhi: The Renewable Energy India Expo 2025 is likely to attract more than Rs 1,800 crore in fresh investment commitments for India’s bioenergy sector, the Indian Biogas Association said on Sunday. The spotlight this year is firmly on biogas as a game-changer for India’s green growth, an Indian Biogas Association (IBA) statement said. According…

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