The proposal was presented during Thursday's crucial Tata Sons board meeting, following earlier discussions between Noel Tata, Tata Sons Chairman N Chandrasekaran, and SP Group's Shapoor Mistry.
Corporate
Noel Tata Proposes Rs 25,000 Crore Stake Buyout To Provide Liquidity To SP Group
'Model Has To Be Saved': Tata Trusts Pushes Back Against Tata Sons IPO, Wants Other Options Explored"A listing will destroy its character and strike at the heart of this principle," Noel Tata stated, emphasising that the Tata Group was conceived as a national service.
'The Page Has Turned': Noel Tata Tells Tata Sons Board To Move On From ChandrasekaranRaising severe corporate governance red flags, Noel Tata also called the reappointment "premature."
Tata Sons Board Reappoints N Chandrasekaran For Third Term, Initiates Steps For RBI ComplianceIn another major development, the board resolved to initiate steps to comply with the Reserve Bank of India's regulatory guidelines, which would pave the way for Tata Sons' IPO.
Boost To India's Chip Manufacturing Drive: PM Modi Launches Production At Suchi Semicon, CDIL PlantsPrime Minister Narendra Modi on Thursday inaugurated SEMICON India 2026, a three-day conference and exhibition which was attended by investors, researchers and start-ups from across the semiconductor and electronics value chain.
Torrent Power: The 3 GW Option Jefferies Has Left Out Of Its Forecast — Why It MattersJefferies expects reported ROE to remain around 1213% through FY2630E, supported by the company's distribution business, which contributes more than 60% of EBITDA and carries a 16%+ ROE profile.
Novo Nordisk Taps Anthropic's 'Claude Science' To Accelerate Drug DiscoveryNovo Nordisk enters into a collaboration with Anthropic toaccelerate the development of new medicines through Claude.
Only 17% Of Merchants Willing To Absorb 0.4% MDR On UPI Payments Above Rs 2,000: SurveyOf the 32,796 respondents who answered a question on the maximum MDR they would accept, 41% said they would not bear any such charge. Another 9% said they did not accept UPI payments.
UPI MDR: Paytm CEO Calls It 'Robin Hood' Approach, Says It Protects Small MerchantsPaytm founder and CEO Vijay Shekhar Sharma said that bringing larger payments under a charge structure, while keeping small transactions free, would help build both a long-term sustainable and a long-term viable model for UPI going forward.
Gravita India's Copper Push Is Changing Its Growth Mix. Can Earnings Keep Pace?With 31,200 MTPA capacity, Copper is becoming an important part of Gravita's growth strategy. The copper business operated at 50% capacity utilisation in Q1FY27 and generated Rs 376 crore of revenue.
Dr. Reddy's Launches Nivolumab Biosimilar In IndiaThe therapy is approved for conditions, including metastatic non-small cell lung cancer, renal cell carcinoma, squamous cell carcinoma of the head and neck, melanoma, classical Hodgkin lymphoma, urothelial carcinoma, colorectal cancer, esophageal squamous cell carcinoma, gastric and gastroesophageal junction cancer.
HDFC Bank Leadership Change To Tata Sons Listing: What Raamdeo Agrawal Has To Say?On HDFC Bank, Agrawal described the bank as a "terrific franchise" and said the private banking franchise had been hurt by the uncertainty surrounding leadership transitions.