FM Nirmala Sitharaman. Photo credit: ANI NEW DELHI: Govt will “soon” announce the high-level committee on banking reforms, finance minister Nirmala Sitharaman said on Monday at the conclave of 12 public sector banks (PSBs) and public financial institutions, while lauding the sector’s improved asset quality. She also emphasised that the future of banking must “reflect”…
N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027, wrapping up a nine-year tenure that transformed the scale and breadth of one of India’s most influential conglomerates but ended with a standoff with Tata Trusts Chairman Noel Tata over his reappointment. MUMBAI: Tata Sons will…
Tata Power and IIT Bombay partner to develop and commercialise next-generation clean energy technologies. MUMBAI : Tata Power and the Indian Institute of Technology Bombay (IIT Bombay) have signed a Master Research Agreement (MRA) to jointly accelerate the development, scaling and commercialization of next-generation energy technologies and clean energy solutions.The agreement was signed at the…
Tata Power Renewables launches CREAMS, a 24×7 digital command centre to monitor and optimise its solar and wind assets nationwide. MUMBAI: Tata Power Renewables has launched its state-of-the-art Centre for Renewable Energy Analytics, Monitoring & Scheduling (CREAMS) at the company’s Trombay plant on August 20, highlighting a facility that is among the most advanced centralised…
IIT Kharagpur assessment flags weak, highly plastic soil and drainage issues as key causes of premature failures on the Lucknow-Kanpur Expressway. NEW DELHI: Use of weak and highly plastic soil beneath the Lucknow-Kanpur Expressway appears to be one of the main reasons for premature failures (slippage) on one of its stretches, an expert assessment has…
Bombay HC orders FDA to pay Rs 5 lakh to Pune dairy retailer, allows business to reopen after 98% compliance. MUMBAI: Bombay high court on Monday directed the Food and Drugs Administration (FDA) to pay a Pune based dairy and sweets retailer Rs 5 lakh towards”losses” for not revoking the suspension of its food licence…
A total of 57 Trump officials are estimated to have fortunes of at least $100 million. US President Donald Trump has surpassed his predecessors in the number of ultra-rich people he has appointed. According to a report released on Monday by consumer advocacy organisation Public Citizen, Trump has appointed more than four times as many…
Markets continue to watch the impact of the war with Iran on crude prices. US stock market today: Wall Street benchmarks were on Monday hovering close to record levels as investors looked ahead to a week of earnings from some of the country’s biggest retailers. Their results could offer clues about how consumers are coping…
Vehicles queued to refuel at a petrol station due to fuel shortage following a spate of Ukrainian attacks on oil refineries (File pic0 Fuel shortages have resurfaced in parts of Russia, with authorities in at least 10 regions tightening restrictions on petrol sales as supplies come under pressure following a fresh wave of drone attacks…
Sebi chairman Tuhin Kanta Pandey Sebi chairman Tuhin Kanta Pandey on Monday said the regulator has no plans to roll back the recently introduced Closing Auction Session (CAS). However, the authority is reviewing concerns raised by market participants and considering whether the framework needs any improvements.Introduced on August 3 this year, CAS has drawn attention…
