Business

The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support

Tata Trusts has begun the process of selecting the next Tata Sons chairman after N Chandrasekaran decided against seeking reappointment beyond February 2027. The Sir Dorabji Tata Trust will constitute a Selection Committee to ensure an orderly leadership transition

Tamil Nadu Chief Minister C Joseph Vijay witnessed the signing of 97 MoUs involving investment commitments exceeding Rs 67,000 crore at the Vettri Tamil Nadu Investors Conclave 2026. The projects are expected to create over one lakh jobs across key sectors

Paytm parent One 97 Communications’ shares fell after SEBI issued show-cause notices to top executives, including CEO Vijay Shekhar Sharma and CFO Madhur Deora, over the timing of a December 2023 announcement regarding curbs on small personal loans

US shippers including FedEx, UPS and DHL have begun passing tariff refunds to customers after the Supreme Court struck down Trump-era tariffs. While direct refunds are reaching some consumers, major retailers may lower prices instead, amid dozens of class-action lawsuits over tariff costs

Bharti Airtel has discontinued all prepaid plans offering 1.5 GB data per day with unlimited calling, including the popular Rs 299 plan. Customers must now opt for higher-priced packs such as the ₹349 plan, which offers unlimited 5G data.

Targeted, risk-based scrutiny—not blanket vesting powers—is the way forward to balance national security concerns with legitimate humanitarian work

Gig workers associated with Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company can now build a retirement corpus through the National Pension System, with contributions starting at Rs 99. PFRDA has introduced a flexible framework allowing workers to invest at their own pace

N Chandrasekaran has announced that he will not seek another term as Tata Sons chairman when his tenure ends in February 2027. His nine-year tenure saw major expansion into aviation, electronics, semiconductors and digital businesses, alongside governance challenges

Indian benchmark indices Sensex and Nifty extended losses for a second day on Wednesday as elevated crude oil prices and uncertainty over reopening the Strait of Hormuz weighed on sentiment. Sensex fell 188 points, while Nifty declined nearly 36 points

Tata Group stocks plunged up to 5.95 per cent, erasing nearly Rs 46,000 crore in market value after N. Chandrasekaran decided against seeking reappointment as Tata Sons chairman in 2027, triggering investor concerns over succession at the conglomerate.

A neutral international trade settlement system, where no single nation's domestic politics determines the monetary conditions of every other nation, has never been built—because the nation that benefits the most from the current arrangement has never faced sufficient pressure to accept an alternative

Tata Sons Chairman N Chandrasekaran has resigned and will not seek reappointment after his tenure ends in February 2027, reports said. His exit follows ongoing ownership and restructuring issues at Tata Sons. Shares of several Tata Group companies fell after the announcement

Godrej Consumer Products shares plunged 10 per cent to a 52-week low after MD & CEO Sudhir Sitapati resigned with immediate effect. The company appointed Global CFO Aasif Malbari as his successor, triggering heavy investor activity and renewed selling pressure in GCPL stock

Tata Sons Chairman N. Chandrasekaran is reportedly considering resignation before the August 18 AGM amid uncertainty over his director reappointment and differences with Tata Trusts Chairman Noel Tata. Tata group stocks, including TCS, Titan, Tata Consumer Products and Tata Power, declined

Indian equity benchmarks Sensex and Nifty fell in early trade on Wednesday as rising crude oil prices and geopolitical tensions weighed on investor sentiment. Metal and PSU bank stocks gained, while FMCG, Realty, Healthcare and IT stocks declined.

The Adani Group has selected its first cohort of innovators under the Vande Bharatam entrepreneurship initiative after receiving more than 26,000 applications. The programme aims to support grassroots innovators through mentorship, industry expertise and networking opportunities

India’s net direct tax collections rose 23.09 per cent to Rs 8.11 lakh crore as of August 10, according to government data. Gross collections increased 19.75 per cent, while refunds stood at Rs 1.43 lakh crore during the period

Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Trust and will not seek another term. His exit comes amid differences among trustees and an inquiry into alleged violations of board composition norms

TCS and Google Cloud have launched a Gemini Experience Center in Mexico City, their second in Latin America and ninth globally. The facility will use AI agents and industry-specific solutions to help organisations improve innovation, productivity and data-driven decision-making.

RBI Governor Sanjay Malhotra urged banks to maintain meaningful human oversight while deploying artificial intelligence, stressing that accountability for AI-driven decisions must remain with banks. He called for explainable models, stronger governance, data privacy, bias controls and safeguards against cybersecurity risks

A US federal judge permanently dismissed securities-fraud charges against Adani Group chairman Gautam Adani, his nephew Sagar Adani and former executive Vneet Jaain, ending the case before trial. The court cited legal grounds but stressed the dismissal was not a verdict on allegations

The government has extended the PM E-DRIVE scheme to March 31, 2028, with a Rs 11,900 crore outlay to boost EV adoption, charging infrastructure and domestic manufacturing. Electric two-wheelers will receive incentives of up to Rs 5,000 per vehicle, subject to eligibility

Orders placed by the Military Affairs Department through Government e-Marketplace have crossed Rs 1.35 lakh crore, accounting for nearly 15 per cent of GeM procurement, Commerce Minister Piyush Goyal said. He added that purchases through the portal exceeded Rs 20 lakh crore over 10 years