Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade

Expectations for Friday’s trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nifty near 23,330–23,345 suggesting a muted or soft green start relative to Thursday’s close of 23,270.60. Wall Street momentum offers solid risk-on support, with the Nasdaq surging over 1.6 per cent and the…

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Brookfield to invest up to $600mn in ACME’s business

ACME is developing green ammonia and green methanol facilities in India and Oman NEW DELHI: Global investment firm Brookfield will invest up to $600 million in ACME Cleantech Ventures to support development and construction of green molecule projects in India and West Asia, the companies said Thursday. ACME Cleantech Ventures is a UK-based privately held…

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NSE IPO subscribed 43% on day 1

The part reserved for employees was almost fully subscribed MUMBAI: The Rs 22,562 crore IPO for NSE, the largest stock exchange in India in terms of turnover and profits, received bids for nearly 3.8 crore shares against about 8.9 crore shares on offer in the post-anchor bidding process. This translates to an overall subscription of…

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Tata group shares rally on hopes of listing

Minority shareholders in the company’s various businesses will be watching as an IPO could affect Tata’s ability to shift capital between its cash-rich established businesses and newer, less profitable ventures. MUMBAI: With the possibility of Tata Sons’ listing gaining traction, stocks of several Tata companies that hold shares of the group’s holding company rallied on…

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Tatas, a house brutually divided: Tata Sons board gives Chandrasekaran 5 more years; move illegal, say Trusts

The vote exposed differences among Trusts’ own nominee directors. MUMBAI: In an unprecedented break with its principal shareholders, Tata Sons’ board Thursday voted to reappoint N Chandrasekaran as executive chairman for another five years, defying Tata Trusts, which called the resolution “a legal nullity”, exposing a split over leadership and strategy at India’s largest conglomerate.A…

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Tata group dispute: Panel sought 5-year term for Chandrasekaran early September

The timeline outlined by Tata Sons shows that the move to retain Chandrasekaran predated RBI’s Sept 11 directive MUMBAI: About three weeks after N Chandrasekaran announced that he would not seek reappointment, Tata Sons‘ nomination and remuneration committee (NRC) unanimously urged him to reconsider and recommended a fresh five-year term for him.The timeline outlined by…

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Judge Amogh Kaloti: The man who holds key to Tata dispute

Judge Amogh Shyamkant Kaloti has also worked as Joint Secretary, Secretary and SLA in Law and Judiciary Department, Government of Maharashtra MUMBAI: Till recently, Amogh Kaloti, who works under the law and judiciary department headed by chief minister Devendra Fadnavis, was barely known outside Maharashtra’s legal circles. A low-profile district judge who was appointed Maharashtra’s…

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UPI fee: Government, payment gateways discuss ways to stop merchants passing burden to consumers

The Centre asserted that it does not expect a decline in UPI transactions or increased use of cash NEW DELHI: Govt is in talks with payment aggregators and platforms, which onboard merchants, to ensure that the merchant discount rate (MDR) on transactions is not passed onto consumers, finance ministry officials told reporters Thursday.The Centre asserted…

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