BUSINESS
Ratan Tata's Half-brother Noel Appointed New Chairman of Tata Trusts
At 67, Noel Tata is stepping into a prominent leadership role within Tata Trusts, which holds a majority stake in Tata Sons, the parent company of the Tata Group.
TCS Reports 5% Net Profit Growth at ₹11,909 Crore in Q2, Adds 5,726 New Hires
IT services major revenue stood at Rs 64,259 crore, with YoY growth of 7.6 per cent, driven by energy, resources, and utilities, and manufacturing.
Sensex Rises by 144 Points Ahead of TCS Q2 Earnings Report
At close, the Sensex was up 144 points at 81,611 (0.18 per cent) and Nifty was at 24,998, up 16 points or 0.07 per cent.
Centre Disburses ₹1,78,173 Crore to States as Tax Devolution for Festive Season
It is also seen that out of the states Uttar Pradesh accounted for Rs 31,962 crore, Bihar for Rs 17,921 crore, Madhya Pradesh for Rs 13,987 crore, Maharashtra for Rs 11,255 crore, West Bengal for Rs 13,404 crore, Rajasthan for Rs 10,737 crore, Odisha for Rs 8,068 crore, Andhra Pradesh for Rs 7,211 crore and Telangana for Rs 3,745 crore.
When Ratan Tata Reminisced About a Romantic Beach Walk with Simi Garewal
Tata was one of the foremost industrialist forces of India who put the nation on the path of progress. An enormous volume of work made him a loner in the later phase of life, but he did enjoy little joys of life. One such was his romantic walk on the beach with actress Simi Garewal.
Private Equity Investments in India Soar 39% to $10.9 Billion in January-September
India is still one of the most vibrant markets for financial sponsorship in Asia Pacific, accounting for at least 28 per cent of the equity money invested during the period in question-a market share that rose from 16 per cent in the same period last year, says a report by LSEG, a global financial markets infrastructure and data provider.
India's 100 Richest Tycoons Exceed $1 Trillion Milestone, with Gautam Adani in 2nd Place, Forbes List
The biggest dollar gainer is infrastructure magnate Gautam Adani, who posted a strong recovery from last year's short-selling attack and recently placed his sons and nephews in key positions, the report noted. With his brother Vinod (Adani), he added $48 billion to take the family's net worth to $116 billion, enough to retain the No. 2 position, it added.
Sensex Rises on Positive Global Signals
Early trade was positive. On NSE, 1,689 shares were trading in green while 475 shares trading in red.
India's GDP Expected to Surprise Again, Remain Significantly Above 7% This Year, PHDCCI
The post-Covid years have seen healthy growth of GDP at 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24, averaging more than 8 percent during the last three years," said Sanjeev Agrawal, President, PHDCCI.
Ratan Tata, Legendary Leader of Tata Group and Doyen of India Inc, Passes Away
Later, he issued a statement that he was undergoing certain routine medical examinations due to age-related health issues. He was then reported to have been put on life-support systems; however, he had neither confirmed nor denied his existence by the Tata Group officials. Chairman, Tata Sons, N Chandrasekaran stated that we are bidding adieu with a deep sense of sorrow to Mr. Ratan Naval Tata, an exceptionally rare leader whose immeasurable contributions have molded not only the Tata Group but also the very fabric of our nation. "For the Tata Group, Mr. Tata was much more than a chairperson.
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