A major split has emerged within Tata Trusts as chairman Noel Tata and two trustees blocked Mehli Mistry’s reappointment, opposing three others who backed him. The standoff, seen as a power struggle, follows Ratan Tata’s death and raises governance concerns
The Reserve Bank of India has proposed allowing banks to finance Indian companies for domestic or overseas acquisitions. The draft sets eligibility criteria, financing limits, and safeguards, aiming to promote strategic investments while ensuring responsible lending practices
A year after Ratan Tata’s death, Tata Trusts face internal disagreements over governance and board appointments. The infighting coincides with a Rs 7 lakh crore market value decline. Yet, Ratan Tata’s vision of ethical leadership endures
Akzo Nobel NV has signed an agreement to sell its shareholding in Akzo Nobel India Ltd (ANIL) to the JSW Group, . The deal includes an open offer and marks Akzo Nobel’s strategic exit from the decorative paints segment, making it the fourth-largest player in India’s paint industry
