Venu Srinivasan has alleged in a letter to Charity Commissioner that Circular Resolution 107 was meant to stop him voting on Tata Sons listing.
Corporate
Tata Trusts Rift: Venu Srinivasan Alleges 'Power Grab', Wants Board Changes Frozen
Landmark Cars To Co-Fund Used Cars With OLX, Target Pan-India Expansion: Aryamann ThakkerThe company plans to use the partnership to build a larger pre-owned car business, although used cars currently remain a relatively small contributor to Landmark Cars' overall revenue.
Parag Thakkar Sees HDFC Bank Hitting Rs 925 In A YearHDFC Bank shares have delivered muted returns across several time frames. The stock is down around 2.1% over the past five trading sessions, while it has gained around 0.8% in the past month.
Paramount Attracts $109 Billion Demand for High-Grade Bond DealThe financing package includes about $12.4 billion-equivalent of junk bonds across US dollars and euros, as well as $7.5 billion-equivalent of loans in both currencies.
BMW Targets 25% Cut In Energy Use Per Vehicle By 2030, Pledges 100% Renewable Switch By 2050BMW plans to cut energy use per vehicle by 25% by 2030, while targeting at least 25% recycled content and renewable power by 2050.
ITC Takes Full Ownership Of Yoga Bar Parent With Rs 645-Crore Additional Stake PurchaseITC has acquired the remaining 52.5% stake in Sproutlife Foods for around Rs 645 crore, taking full ownership of the company behind the Yoga Bar brand.
Seaplane Launch Hits Turbulence: Lakshadweep Admin Abruptly Withdraws Permission For SkyHop To Start OperationsSkyHop's operations were expected to start from September 16. The airline had received approval from the Lakshadweep Administration to commence operations in August 2026, with operations expected to begin after the monsoon season.
Domestic Economy Resilient, Global Headwinds Main Concern For Indian Equities: Sohum Asset ManagersFor investors looking at mid- and small-cap stocks, Parekh said they can make investments slowly. He stressed that stock-picking and discipline at the right time are key.
Stock Market Highlights: Sensex Ends 243 Points Lower, Nifty 50 At 22,716; Consumer Durables, Realty Shares Top DragOn BSE, Adani Ports, Tata Steel and Kotak Bank were among the top gainers, while Eternal, Bajaj Finance and HCLTech were top drags.
IT Stocks In Red: Nifty IT Falls Nearly 1%; TCS, Infosys, Wipro, Persistent Top DragCiti analyst Surendra Goyal made marginal revisions to FY27-FY29 estimates for TCS to factor in exchange-rate movements and minor operational changes.
GE Shipping's Rs 8,000 Crore Cash Pile Puts Fleet Expansion In Focus; Nomura Initiates With 'Buy'GE Shipping shares ended 0.92% higher at Rs 1,497.05 on Friday. The stock has gained 11.8% over the past month, 34.5% year-to-date and 53.1% over one year, while its five-year gain stands at around 308%.
PB Fintech Faces 38% FY30 Profit Hit Under 'Max Pain' Scenario; Bernstein Still Sees 91% UpsideAnalysts Manas Agrawal and Himank Sangai estimate FY30 profit at around Rs 20 billion under their scenario, versus Rs 32 billion before the proposed regulations.