tata sons board votes to reappoint chandrasekaran for third term

Tatas, a house brutally divided: Tata Sons board gives Chandrasekaran 5 more years; move illegal, say Trusts

The vote exposed differences among Trusts’ own nominee directors. MUMBAI: In an unprecedented break with its principal shareholders, Tata Sons’ board Thursday voted to reappoint N Chandrasekaran as executive chairman for another five years, defying Tata Trusts, which called the resolution “a legal nullity”, exposing a split over leadership and strategy at India’s largest conglomerate.A…

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Stock Market Highlights: Sensex ends flat at 74,295, Nifty closes at 23,346 in volatile session

Expectations for Friday’s trading session point to a flat to mildly positive opening for domestic equity benchmarks, with early signals from GIFT Nifty near 23,330–23,345 suggesting a muted or soft green start relative to Thursday’s close of 23,270.60. Wall Street momentum offers solid risk-on support, with the Nasdaq surging over 1.6 per cent and the…

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‘No crude oil next month’, Saudi Aramco tells some European refiners after Red Sea pipeline attack

Saudi Aramco to halt crude supplies to European refiners next month Saudi Aramco has informed at least two European refining customers that they will receive no crude oil next month following an attack on a key Saudi pipeline to the Red Sea, Bloomberg News reported on Friday.European customers typically receive Saudi crude under term contracts…

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NSE IPO subscribed 1.16 times on Day 2 led by non-institutional investors, QIBs

Both the non-institutional investor and qualified institutional buyer categories were fully subscribed on the second day. NSE IPO subscription status: National Stock Exchange of India (NSE)’s initial public offering was fully subscribed on Friday, the second day of bidding, with non-institutional investors and qualified institutional buyers driving demand.The Rs 22,569-crore IPO has become India’s second-largest…

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