MUMBAI: Mehli Mistry, M Pallonji Group director and confidant of the late Ratan Tata, will not seek re-election as Tata Medical Centre Trust (TMCT) trustee when his term expires Sept 30. This will make it his sixth exit from an institution linked to the late industrialist since his death in Oct 2024. Mehli sent an…
NEW DELHI: Tata Motors is absorbing a substantial share of rising input costs as price increases and savings fail to fully offset the pressure, even as it expands its compact sedan offering for family buyers.Commodity inflation over past five-to-six months had created uncertainty over costs and margins, said Shailesh Chandra, managing director, Tata Motors Passenger…
CHENNAI: Following a two-year decline in volumes, the small car segment is showing signs of revival, helped by GST rate cut on small cars. The lower tax burden has reduced the price barrier for buyers at the bottom end of the market, making entry-level cars more affordable.Overall small car sales fell from 16.4 lakh units…
Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
NEW DELHI: Govt will raise nearly Rs 7.9 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by Rs 1,20,494 crore despite global headwinds.The reduction in total borrowing indicates govt’s commitment to fiscal prudence.A senior finance ministry official said the reduction is mainly…
BENGALURU: The festive bonus is no longer always one big cheque at the end of a busy month. For workers packing orders, staffing stores or delivering parcels, the extra money can now come through a higher rate on a busy day, an attendance reward after a week, a productivity payout or a bonus for staying…
Where is rupee headed in near term? After suffering multiple lows over the year, rupee may now see some stability against the US dollar. The currency is likely to remain in the Rs 94.5-96 per dollar range in the near term, despite sizeable dollar inflows through FCNR deposits and external commercial borrowings (ECBs), according to…
GIFT Nifty breaks the $23 billion mark GIFT Nifty’s expansion since its full-scale launch in July 2023 has taken the international platform to another trading milestone, with turnover, volume and open interest all hitting fresh highs on September 25.The platform’s cumulative turnover reached $3.52 trillion as of September 25, 2026, while more than 76.19 million…
FIIs unlikely to return in large numbers without new growth engines in India: Bernstein Foreign investors may continue to remain cautious on Indian stocks even after the artificial intelligence (AI) trade peaks, brokerage Bernstein said. It said foreign investors are unlikely to return in large numbers unless India is able to build industries and companies…
NEW DELHI: The new model bilateral investment treaty (BIT), which will address concerns of several countries and streamline investment negotiation procedures, while ensuring investor protection is in final stage and is likely to be approved by govt soon. The approval will pave the way for it to be rolled out along with trade agreements, with…
