Business

Tata Group patriarch Ratan Tata had personally asked Cyrus P Mistry to resign as chairman of Tata Sons as the board had lost faith in him, but his refusal led to the removal via majority vote.

The benchmark BSE Sensex rose around 24 points in opening trade on Monday as investors made selective buying in blue chip stocks amid a better trend in other Asian bourses.

Aurobindo Pharma on Saturday said it has inked a pact to acquire Portugal's Generis Farmaceutica SA from Magnum Capital Partners for a consideration of 135 million euros (around Rs 969 crore).

Denying any breach of confidentiality, ousted Tata Sons Chairman Cyrus Mistry has asked the company to withdraw its legal notice of December 27.

Transportation app Uber has hiked fares of its entry-level offering 'UberGO' by up to 15 percent in Delhi-NCR.

The 30-share index advanced 103.48 points, or 0.38 per cent, to 26,981.72, with healthcare, consumer durables, metal, auto, capital goods, oil and gas and banking stocks trading in the positive zone, rising by up to Rs 0.59 per cent.

The contract is awarded for the manufacture, supply, commissioning of water treatment plant of Andhra Pradesh Power Development Corp for 2.10 billion rupees.

He noted that teams have begun to understand and execute on the duality of automation and innovation and to bring value to clients "not just mechanically execute the jobs we are handed," adding, "there is a long way to go, and the road ahead is long and n...

When Ratan Tata retired as chairman of Tata Sons Ltd in 2012, he proposed a change in the laws governing the relationship between India's largest conglomerate and its key shareholder, according to sources familiar with the situation.

The benchmark BSE Sensex was trading lower by about 71 points to hit a one-month low of 26,171.45 in early trade on Thursday, extending losses on sustained capital outflows by foreign funds and heavy selling by retail investors amid a weak trend overseas.

Finance Minister Arun Jaitley on Saturday hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.

It also said that the banks must ensure regular exporters meet and have tie-up with various credit information bureaus to obtain information on the overseas parties for the benefit of export business customers.

Rising oil prices, the prevailing cash crunch in the wake of demonetisation and its trickle-down effect on corporate performance and fears of economic slowdown made investors shaky, brokers said.

The rupee edged higher by 2 paise to 67.81 against the US dollar in early trade on Friday at the Inter-bank Foreign Exchange on fresh selling of the US currency by exporters.

Exports of engineering products rose by 14.10 per cent, petroleum by 5.73 cent and chemicals by 8.3 percent compared to the same month last year, according to official data released on Thursday.

The government will start easing restrictions on cash withdrawals once 80 per cent of the new currency introduced following the demonetisation is re-channelised through bank deposits, a top official said on Thursday.