Mumbai: Noel Tata, the half-brother of late Ratan Tata, will be the next chairman of Tata Trusts, sources said on Friday. The 67-year-old Noel was chosen by the board to lead the string of philanthropic trusts that control the Tata empire. Having functioned mostly under the shadows of his illustrious half-brother, Noel will now have…
Washington: Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products. “Perhaps the most important element of my plan to make America extraordinarily wealthy again is reciprocity. It’s a word that’s very important in my…
Mumbai: Shantanu Naidu, a long-time associate of Ratan Tata, on Thursday bid adieu to the industrialist, comparing his boss to a “lighthouse”. “The hole that this friendship has now left with me, I will spend the rest of my life trying to fill,” Naidu, a general manager in the Office of RNT, wrote on a…
Mumbai: Industry leaders including Google’s India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. “He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better,”…
Mumbai: Tata Trusts’ chief executive Siddharth Sharma on Wednesday said the group of non-profits rededicates itself to carrying forward Ratan Tata’s legacy. Tata, 86, breathed his last at a city hospital where he had been admitted for the last few days. “We rededicate ourselves to carrying forward his legacy and that of the founders, which…
New Delhi: Veteran industrialist Ratan Tata died at a Mumbai hospital late on Wednesday night, a top police official told PTI. The chairman emeritus of the Tata group was 86. Tata Sons chairman N Chandrasekaran, in a statement, confirmed the death of Tata, and described him as his “friend, mentor and guide”. For the past…
Mumbai: RBI Governor Shaktikanta Das on Wednesday said the confidence in inflation cooling down in the near future, resulting in a better balance between growth and price rise, led the central bank to change the policy stance to neutral. He, however, made it clear that there are “significant risks” to inflation like the ones arising…
Mumbai: Benchmark BSE Sensex jumped over 550 points to revisit the 82,000-level in morning trade on Wednesday after the Reserve Bank of India changed its monetary policy stance to stance to ‘neutral’, a move that may lead to a rate cut in the forthcoming policies. The 30-share BSE Sensex soared 556.97 points, or 0.68 per…
Mumbai: Finance Minister Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a “world-class job” and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be “extremely conscious” about contributions made by them as well. Speaking at the Financial…
Hyderabad: In a major push to align with the Government of India’s Mission LiFE (Lifestyle for Environment) initiative, the Bureau of Energy Efficiency (BEE), under the Ministry of Power, has urged the Telangana State Renewable Energy Development Corporation Ltd. (TGREDCO) to harness the state’s potential for energy efficiency investments. Emphasizing the significance of these efforts,…
