Podcasts about tata sons

Welcome to Top of the Morning by Mint.. I'm Nelson John and here are today's top stories. 1. Lokpal Clears Ex-SEBI Chief in Adani-Linked Allegations India's anti-corruption ombudsman, Lokpal, has dismissed all complaints against former SEBI chairperson Madhabi Puri Buch. The allegations—based on a Hindenburg Research report—claimed Buch and her husband held offshore stakes linked to the Adani Group. The Lokpal, led by Justice A.M. Khanwilkar, concluded the complaints were based on “presumptions and assumptions” with no verifiable evidence. Buch, who completed her SEBI tenure in February 2025, had strongly denied the claims. With Hindenburg itself shutting shop in January 2025, the watchdog ruled the report could not serve as grounds for a corruption probe. 2. SAIL Posts Q4 Growth, Announces Dividend Steel Authority of India Ltd (SAIL) delivered a solid close to FY25, reporting an 11% rise in Q4 net profit to ₹1,251 crore. Revenue grew 4.8% year-on-year to ₹29,316 crore, with gains led by its IISCO and Alloy Steels plants. The Maharatna PSU announced a final dividend of ₹1.60 per share. SAIL stock, which has delivered a 325% return over five years, gained 13.5% year-to-date despite a 21% dip over the past year. With India's infra buildout gaining momentum, SAIL hopes to carry the steel into coming quarters. 3. US Cracks Down on Global Censorship with Visa Ban In a bold move defending free speech, US Secretary of State Marco Rubio has introduced visa restrictions targeting foreign nationals who attempt to censor expression within the US. The policy aims to block those who threaten legal action against US citizens for social media posts or pressure tech platforms to follow global censorship norms. Rubio didn't name countries, but the message is clear: foreign governments trying to police American speech or platforms will now face consequences. “We will not tolerate encroachments on American sovereignty,” Rubio said. 4. TCS Dividend Dip Signals Strategic Shift? Tata Sons has seen its dividend income from Tata Consultancy Services (TCS) drop for the first time since the IT major's 2004 listing. In FY25, Tata Sons earned ₹32,718 crore—₹1,333 crore less than the previous year. While TCS's revenue rose 3.8% to $30.18 billion and net profit by 2%, the payout ratio dipped to 93.9%, the lowest in six years. Analysts suspect the company is conserving cash for strategic investments in AI and tech. Adding to concerns, TCS skipped its usual annual salary hike, citing macro uncertainty. 5. Govt Hikes MSP, Extends Farm Loan Relief Ahead of Polls With elections on the horizon, the Centre has hiked Minimum Support Prices (MSP) for 14 kharif crops, with tur dal seeing the steepest rise of ₹450 to ₹8,000 per quintal. The government also extended the Modified Interest Subvention Scheme into FY26, offering farmers loans up to ₹3 lakh at subsidized rates via Kisan Credit Cards. Critics, however, note that the 3% hike in paddy MSP is below inflation. The Cabinet also cleared ₹7,000 crore worth of infrastructure projects, including a major rail corridor in Andhra Pradesh—part of a ₹4.5 trillion push to boost connectivity and cut logistics costs. Learn more about your ad choices. Visit megaphone.fm/adchoices

India eyes a fighter jet engine partnership with France's Safran post-Operation Sindoor, as delays hit GE supplies. Tata Sons faces fresh scrutiny over its listing exemption bid, with former CJI U U Lalit weighing in. Novo Nordisk races to launch Wegovy in India's growing weight-loss market. Plus, a monsoon-led market watch, Assam's semiconductor push, SEBI's block deal revamp, and the global family office pivot toward India.

1. Tata Power's ₹25,000 Cr Surge - 00:38:02 - 01:53:715 Tata Power is charging ahead with a massive ₹25,000 crore capital outlay for FY26, focusing half of it on renewables. CEO Praveer Sinha revealed the company plans to add up to 2.7 GW of capacity, with long-term wind turbine deals in the pipeline. Tata Power is also eyeing two UP discoms—Purvanchal and Dakshinanchal—as they head for privatisation. Meanwhile, its nuclear ambitions hinge on legal reforms expected in the Monsoon Session. The company posted a strong Q4 with net profit up 25% to ₹1,306 crore, riding on strong performance across renewables, generation, and distribution. 2. North-East's ₹2.5 Trillion Pitch - 01:56:495- 03:13:724 Ahead of the Rising Northeast Summit on May 23–24, Union Minister Jyotiraditya Scindia announced ₹1.12 trillion in confirmed proposals and eyes a ₹2.5 trillion target. Big names like Reliance, Adani, Tata Sons, and ITC are expected to contribute an additional ₹80,000 crore. From textiles to tourism, IT to energy, the region is being positioned as a high-return, high-growth destination. The summit will feature 11 ministerial sessions at Bharat Mandapam, New Delhi. French firms are also warming up to the region, with dairy, aviation, and agri-tech sectors in focus. 3. Gensol's Clean Energy Crisis - 03:16:504 - 04:41:656 Gensol Engineering is in deep trouble. Ireda has filed an insolvency plea for a ₹510 crore loan default, just weeks after accusing the company of forging documents and misusing funds. Sebi has already barred the promoters—Anmol and Puneet Singh Jaggi—from the markets and corporate roles. Gensol raised over ₹800 crore to buy EVs for its BluSmart business but used only ₹567 crore, with ₹260 crore unaccounted for. The case, now under EOW and forensic audit, is a cautionary tale in India's clean energy push. 4. #BoycottTurkey Takes Off - 04:44:518 - 05:59:635 Social media outrage over Turkey's ties with Pakistan—especially reports of drone support—has sparked #BoycottTurkey trends. Platforms like Cox & Kings and Ixigo have paused bookings to the country. IndiGo and Air India's partnerships with Turkish Airlines came under fire, but insiders say there's no major commercial hit—yet. With Turkish Technic servicing both airlines and Celebi handling ground ops at key airports, complete decoupling looks unlikely. As with Maldives and China, boycotts only stick when commerce takes a hit—and so far, it hasn't.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, December 11, 2024. This is Nelson John, let's get started. Lenovo has been quite adept at navigating the business landscape in India, avoiding the regulatory scrutiny faced by Chinese companies in India. But how? A big part of its strategy was to jump into local manufacturing in 2005, well before many others. This early start not only helped it build a solid trust base but also positioned it as a committed player in India's economic scene, not just another overseas company trying to tap into a lucrative market. Lenovo's approach to being a global brand rather than just a Chinese one has also played well for it. It has been very careful about compliance and made it a point to pay taxes diligently, which clearly sets it apart in a market where scrutiny around Chinese investments has intensified. Gulveen Aulakh takes a detailed look at the Chinese tech giant's strategy for survival in the Indian market. The longstanding friction between Shapoorji Pallonji Group and Tata Trusts continues, even after the passing of Ratan Tata. SP Group, holding an 18.4% stake in Tata Sons, aims to renegotiate its loans by using these shares as collateral to attract new investors—a move not sanctioned by Tata Trusts. Tata Sons, having transitioned to a private company in 2017, restricts share transfers without approval, a condition reinforced by the company's Articles of Association. In a mail to Mint's Varun Sood,  Siddharth Sharma, CEO of Tata Trusts, emphasized that Tata Sons shares should not be used as collateral, highlighting the restrictive nature of share transfers after the company's privatization. This stance is supported unanimously by Tata Trusts' executive committee, indicating a continuation of the group's traditional governance approach even under the new chairmanship of Noel Tata.The long-standing financial dispute involving the National Spot Exchange Ltd (NSEL) and its investors has taken a new turn. The NSEL Investor Action Group (NIAG) recently withdrew their support for a proposed one-time settlement (OTS) with 63 Moons Technologies Ltd, complicating the decade-long effort to recover investors' dues owed to investors since NSEL's collapse in 2013. Neha Joshi reports that the decision came after 63 Moons attempted to access ₹300 crore from assets that were previously attached, ostensibly for operational expenses, without a prior consultation with the NIAG. This move was perceived by the NIAG as a breach of the foundational agreements of the settlement talks, prompting them to withdraw their endorsement for the settlement offer, which initially aimed to distribute ₹1,950 crore to investors—about 42% of the total ₹4,650 crore claimed by investors. However, the NSEL Investors Forum (NIF) has claimed that it has secured the support of investors, having approximately 64.5% in value of the outstanding claims, and it is confident that it will secure the majority consent for the settlement.HMD's new 'Fusion' smartphone is stirring curiosity with its promise of modularity, primarily focusing on easy swaps for its display and back panel. Unlike fully modular phones that allow changes to core performance elements, the Fusion offers customizable back panels with specific functionalities, like an LED light ring for creators and a gaming controller, Shouvik Das explains. This level of modularity is moderate but intriguing, especially as the global regulatory environment shifts towards stronger right-to-repair laws. Modular phones have been around in various forms, like Google's ambitious but ultimately shelved Project Ara, and others like LG's G5 and Motorola's Z2, which incorporated modular aspects to enhance flexibility and potentially extend the device's lifespan. However, these products generally didn't achieve mass-market success due to high costs, limited third-party accessory support, and an overall market preference for more integrated, seamless smartphone experiences.As celebrities increasingly face the brunt of defamatory content circulated by trolls, they are turning more toward legal measures to protect their image. High-profile figures like AR Rahman, Salman Khan, and Akshay Kumar have recently threatened or initiated defamation suits against media platforms that host damaging content about them. This trend highlights a growing concern among celebrities about the unregulated nature of social media, where unchecked dissemination of content can rapidly tarnish reputations, Lata Jha reports. Legal experts point out that celebrities are especially vulnerable to defamation due to public curiosity about their personal lives. Platforms like social media amplify these issues by allowing rapid spread of unverified information, often without the traditional checks of editorial oversight. This has led to a rise in legal actions by celebrities not just in India but globally, reflecting a proactive stance against damaging allegations.

In November 2014, Isha Yoga Center and Sadhguru Academy had the privilege of hosting Shri Ratan Tata, Chairman Emeritus of Tata Sons, as the keynote speaker for the third edition of INSIGHT: The DNA of Success. During his conversation with Sadhguru, Shri Tata spoke about a range of subjects including leadership, innovation, corporate social responsibility, philanthropy, his association with JRD Tata, Elon Musk, and more. Set the context for a joyful, exuberant day with a short, powerful message from Sadhguru. Explore a range of subjects with Sadhguru, discover how every aspect of life can be a stepping stone, and learn to make the most of the potential that a human being embodies.  Conscious Planet: https://www.consciousplanet.org Sadhguru App (Download): https://onelink.to/sadhguru__app Official Sadhguru Website: https://isha.sadhguru.org Sadhguru Exclusive: https://isha.sadhguru.org/in/en/sadhguru-exclusive Inner Engineering Link: isha.co/ieo-podcast Yogi, mystic and visionary, Sadhguru is a spiritual master with a difference. An arresting blend of profundity and pragmatism, his life and work serves as a reminder that yoga is a contemporary science, vitally relevant to our times. Learn more about your ad choices. Visit megaphone.fm/adchoices

In November 2014, Isha Yoga Center and Sadhguru Academy had the privilege of hosting Shri Ratan Tata, Chairman Emeritus of Tata Sons, as the keynote speaker for the third edition of INSIGHT: The DNA of Success. During his conversation with Sadhguru, Shri Tata spoke about a range of subjects including leadership, innovation, corporate social responsibility, philanthropy, his association with JRD Tata, Elon Musk, and more. Set the context for a joyful, exuberant day with a short, powerful message from Sadhguru. Explore a range of subjects with Sadhguru, discover how every aspect of life can be a stepping stone, and learn to make the most of the potential that a human being embodies.  Conscious Planet: https://www.consciousplanet.org Sadhguru App (Download): https://onelink.to/sadhguru__app Official Sadhguru Website: https://isha.sadhguru.org Sadhguru Exclusive: https://isha.sadhguru.org/in/en/sadhguru-exclusive Inner Engineering Link: isha.co/ieo-podcast Yogi, mystic and visionary, Sadhguru is a spiritual master with a difference. An arresting blend of profundity and pragmatism, his life and work serves as a reminder that yoga is a contemporary science, vitally relevant to our times. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, October 21, 2024. My name is Nelson John. Let's get started. Noel Tata's first move at the helm of Tata Sons has been a small but significant one. The philanthropic arm of the Tata group has moved away from having fixed terms, and instead now has permanent members. Varun Sood and Satish John report that this move aims to ensure continuity and stability within the Trusts that collectively hold a majority in Tata Sons. The Tata Trusts are pivotal in the governance of Tata Sons, and have a key say in the conglomerate's strategic direction. The second-quarter results for India's IT stocks weren't all that great. The four leading companies: TCS, Infosys, Wipro, and HCL Tech—all saw some declines. Jas Bardia reports that TCS saw a significant drop in large deal bookings. It attributed this decline to the lack of mega deals, but remained optimistic about its order value range. Infosys also witnessed a decrease in large deal values but saw an increase in smaller deals. Wipro was able to buck the trend and sign more large deals, as it opted for a consulting-led approach and offered more AI services. It's never a bad time to buy gold, but the recent surge in prices has put off buyers for now. Gold now costs around 80,000 rupees per 10 grams. Such high prices have led to a dent in demand during the festive and wedding season between October and December. Ram Sahgal writes that the increase in prices is due to uncertainties like the US elections, potential geopolitical tensions, and changes in US policy rate. Demand for the precious metal has dropped by around 10 to 12 percent. Some retailers are seeing a rise in exchanges. They are maintaining sales volumes as some consumers continue to buy more gold, worried about even higher prices. India's rubber production is prone to volatility. Climate change and low volatility have threatened what was once a thriving industry. Despite these hurdles, the demand for rubber has surged in India. George Skaria writes that India's rubber production slightly increased from 8.4 lakh tonnes to 8.6 lakh tonnes from 2022 to 2023, but consumption outpaced supply. That led to a shortage worth 5.5 lakh tonnes. This scenario has impacted tyre manufacturers, who now rely on imports to meet demand. George's story outlines the entire rubber trade in India, and the vast complications that adversely affect both manufacturers as well as consumers. Since the 1990s, Photoshop has been a staple in photo editing. You would think that the emergence of generative AI would replace Photoshop, but that hasn't been the case. Shouvik Das writes that rather than replacing it, AI is instead augmenting the process of editing images. Tools like Autodesk's Pixlr and Canva have also embraced AI to expand their user base beyond professional designers.

pWotD Episode 2719: Noel Tata Welcome to Popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 423,933 views on Friday, 11 October 2024 our article of the day is Noel Tata.Noel Naval Tata (born 1957) is an Indian-born Irish businessman. He is the chairman of the Tata Trusts, Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel.He was appointed chairman of the Tata Trusts on 11 October 2024, after the death of his half-brother Ratan Tata. Tata Trusts holds a 66% stake in Tata Sons, the holding company of the numerous firms of the Tata group.This recording reflects the Wikipedia text as of 01:56 UTC on Saturday, 12 October 2024.For the full current version of the article, see Noel Tata on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm standard Matthew.

First, Loksatta editor Girish Kuber discusses the legacy of Ratan Tata, the former chairman of Tata Sons and one of India's most respected business leaders, who passed away on Wednesday.Next, The Indian Express' Jay Mazoomdaar explains why the government has delayed the release of the latest elephant census and why its findings are concerning. (16:51)Finally, The Indian Express' Parthasarthi Biswas sheds light on the reasons behind the recent surge in tomato prices. (29:00)Hosted, written and produced by Shashank Bhargava Edited and mixed by Suresh Pawar

This is the Catch Up on 3 Things by The Indian Express and I'm Flora Swain.Today is the 11th of October and here are the top stories of the week.The results of Haryana and Jammu and Kashmir Assembly polls were declared by the ECI on Tuesday. The ruling BJP secured a historic third term in Haryana, winning 48 Assembly seats. The Congress, meanwhile, won 37 seats, Independents stood at 3 and the INLD won 2 seats. In the JK UT, The NC-Congress alliance crossed the 46-seat majority mark, securing 49 seats . The NC won the highest number of seats at 42, the Congress took six, and the Communist Party of India (Marxist), which was also part of the alliance, secured one. Meanwhile, the BJP won 29 seats and the PDP bagged three. Seven Independents were declared victorious. The AAP and Jammu & Kashmir People Conference secured one seat each.The final rites of Ratan Tata, the legendary industrialist and Chairman Emeritus of Tata Sons, were performed with full state honors on Thursday evening. Tata, 86, breathed his last on Wednesday night at Mumbai's Breach Candy Hospital. Among those who paid respects to the business tycoon are Union Home Minister Amit Shah, Union Minister Piyush Goyal, Maharashtra CM Eknath Shinde, Deputy CM Devendra Fadnavis, Gujarat CM Bhupendra Patel, and industrialist Mukesh Ambani. Maharashtra Chief Minister Eknath Shinde has proposed that a Bharat Ratna be awarded to Tata, posthumously.Setting the stage for a new tussle between the Aam Aadmi Party and the L-G office, the CMO on Wednesday claimed that Chief Minister Atishi was “forcibly vacated” from the residence at Civil Lines, which was previously occupied by Arvind Kejriwal. “Delhi CMs residence was forcibly vacated at the behest of the BJP as Lt Governor V K Saxena wants to allot it to a saffron party leader,” the CMO said. This comes two day after Atishi was asked to vacate the bungalow by officials from the Public Works Department (PWD)- a department under her own charge. The Aam Aadmi Party claims that Atishi followed all formalities before moving in, but the PWD says that an official “handover” of the property from Kejriwal to the department is yet to take place. The house has now been sealed.Maldives President Muhammad Muizzu reached New Delhi Sunday on his first bilateral State visit and was received at the airport by Minister of State (External Affairs) Kirti Vardhan Singh. During his five-day visit — from October 6 to 10 — he travelled to Agra, Mumbai and Bengaluru. Both Modi and Muizzu launched Rupay card in the Maldives, inaugurated the new runway at the Hanimadhoo International airport and agreed to further strengthen bilateral relations that had hit a rocky patch last year.US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu had a call on Wednesday amid tensions with Iran. The 30-minute call was the first known chat for Biden and Netanyahu since August and coincides with a sharp escalation of Israel's conflict with Iran and the Iran-backed Lebanese Hezbollah, but with no sign of an imminent ceasefire to end the conflict with Iran-backed Hamas in Gaza. The call was "direct and very productive," White House press secretary Karine Jean-Pierre told reporters, while acknowledging the two leaders have disagreements and are open about them.This was the Catch Up on 3 Things by The Indian Express.

pWotD Episode 2718: Tata family Welcome to Popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 886,037 views on Thursday, 10 October 2024 our article of the day is Tata family.The Tata family is an Indian business family, based in Mumbai, India. The parent company is Tata Sons, which is the main holding company of the Tata Group. About 65% of the stock in these companies is owned by various Tata family charitable trusts, mainly the Ratan Tata Trust and the Dorab Tata Trust. Approximately 18% of the shares are held by the Pallonji Mistry family, and the rest by various Tata sons.The Tatas are a Parsi family and originally came to Mumbai from Navsari in the state of Gujarat. The founder of the family's fortune was Jamshedji Tata.This recording reflects the Wikipedia text as of 02:24 UTC on Friday, 11 October 2024.For the full current version of the article, see Tata family on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Joanna.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 11 -On a day when every single Indian mourned the demise of Tata Sons' Chairman Emeritus Ratan Tata, Dalal Street only found it appropriate to remain in snooze mode and not have any big fluctuations on the weekly options expiry of the Nifty 50 contracts. The Nifty traded in a 160-point range on Thursday but could not surpass Wednesday's high of 25,234. It closed right at the mark of 25,000. -All eyes for Friday's trading session will be on the reaction that Wall Street has to the CPI data for September, which could potentially determine what will the Fed do in its November policy, after a very strong non-farm payrolls data has completely taken a 50 basis points rate cut off the table. -On the domestic front, TCS will react to its quarterly results, which were a miss on the margin front. Revenues were in-line with expectations but most other parameters were also a marginal miss. Stocks like Anand Rathi Wealth, IREDA and Tata Elxsi will also be reacting to their quarterly results. -Other stocks to track: Den Networks, Mazagon Dock Shipbuilders, Oberoi Realty, Krsnaa Diagnostics, Bandhan Bank, Uno Minda -Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve's next move. Japanese and South Korean stocks opened higher while those in Australia slipped. US equity futures also edged higher, after the S&P 500 fell 0.2% and the Nasdaq 100 dropped 0.1% Thursday. -US data released Thursday underscored the challenge facing the Fed. Underlying US inflation rose more than forecast in September in a sign of stalling progress in the fight to bring prices to target. Separate data showed applications for US unemployment benefits rose last week to the highest in over a year. -In commodities, oil edged lower, trimming some of its gains from Thursday when West Texas Intermediate futures climbed 3.6% as traders awaited Israel's response to Iran's missile attack. -GIF TNifty was lower this morning trading at discount of nearly 20 pts from Nifty Futures Thursday close, indicating a start in the red for the Indian market. Tune in to Marketbuzz Podcast for more news and cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, October 11, 2024. My name is Nelson John. Let's get started. A stalwart of India's corporate world passed away on Wednesday night. We'll bring you some stories on his legacy and work over the decades. After retiring as the chair of Tata Sons in 2012, Ratan Tata shifted his focus to supporting startups through his investment vehicle, RNT Associates. By 2019, he was actively engaging with budding entrepreneurs on Instagram. However, he was clear that getting funded didn't guarantee success. Tata's investments, though modest, were a mark of credibility in the startup community, especially when capital was hard to come by. His approach wasn't just about writing checks; he invested in mentoring the founders, focusing on their long-term vision and passion rather than immediate financial metrics. Mint's startups editor Ranjani Raghavan takes a look at the former Tata group chairman's vision for Indian startups. Ratan Tata, the visionary driving force behind Tata Motors, transformed it from a local truck maker into a global automotive powerhouse. During his tenure, the Tata Nano, the world's cheapest car, was launched, aimed at democratizing car ownership in India. Though it didn't hit commercial targets, the Nano exemplified Tata's visionary approach. Under his leadership in 1998, Tata Motors introduced the Indica, India's first indigenously developed passenger car. A landmark moment came in 2008 when Tata Motors acquired the iconic British brands Jaguar and Land Rover for 2.3 billion dollars from Ford. This was a stunning reversal of fortune, as Ford had previously considered buying Tata's car division. Tata turned these struggling brands into profitable entities, significantly enhancing Tata Motors' stature and revenues. Alisha Sachdev writes about Ratan Tata's legacy at one of India's biggest automobile companies.  For over a century, the Tata group has been a cornerstone of the Indian industry, spanning multiple sectors. While JRD Tata was at the helm for 51 long years, his son Ratan was the one who did the heavy lifting. He took over right as India was on the cusp of opening up its economy. An opportunity, for sure — but it also would have led to a lot of challenges. Sundeep Khanna writes about the leadership at the Tata group, from JRD to RNT to now, N. Chandrasekaran, and how it has shaped not only the conglomerate, but also corporate India as a whole. He takes a retrospective look at its progress, pitfalls, and even some controversies over the years. The Indian equity market's rally has paused, with the Nifty50 index down 3% in the first seven trading sessions of October. India's volatility index rose 13%, indicating heightened risk aversion. Harsha Jethmalani writes that foreign investors are showing renewed interest in China, following the announcement of a stimulus package. That has led to investors pulling money out of Indian markets. This further raises the possibility of India's equities underperforming against the broader Asia markets, according to a Nomura report from 7 October. India's commercial office sector is set for a record-breaking year, signalling a strong bounce back from the pandemic lows. The sector is expected to surpass its previous high, with anticipated leases reaching over 70 million square feet across major cities by the end of 2024. This surge is largely driven by the return of multinational corporations to physical offices and a significant increase in demand from global capability centres and flexible office operators. Bengaluru is leading the charge in space absorption, followed by Delhi-NCR and Hyderabad, with tech companies, financial services and manufacturers actively snapping up office space. Madhurima Nandy explains how this leasing boom is not just good news for real estate but also a positive sign for the economy.

This is the Catch Up on 3 Things by The Indian Express and I'm Flora Swain.Today is the 10th of October and here are the headlines.The mortal remains of Ratan Tata – philanthropist and Chairman Emeritus of Tata Sons arrived at the Worli crematorium today where his last rites are slated to be carried out. Tata, 86, breathed his last on Wednesday night at Mumbai's Breach Candy Hospital. Maharashtra Chief Minister Eknath Shinde has proposed that a Bharat Ratna be awarded to Tata, posthumously. The proposal, which has been approved at the state level, will be sent to the Central government. The Maharashtra and Gujarat governments have declared a day of mourning to pay tributes to the iconic industrialist. India and global icons mourn the titan of India Inc.As the labour strike at Samsung's plant on the outskirts of Chennai enters its second month, threatening Tamil Nadu's business-friendly reputation and exposing cracks in the ruling DMK's political alliance, there appears to be no immediate resolution to the stalemate. Early Wednesday morning, Tamil Nadu police detained 11 key union leaders and allegedly dismantled protest tents. Since September 9, more than a thousand workers affiliated to the Centre of Indian Trade Unions (CITU) have been pressing for recognition of their newly formed union and improved working conditions.37 years after they were accused of glorifying the death of Roop Kanwar, India's last known case of sati, a Jaipur special court today acquitted eight persons giving them the benefit of doubt. Along with several others, the eight had allegedly held an event glorifying Roop Kanwar around the first anniversary of her alleged sati act. Sati Niwaran court special judge Akshi Kansal acquitted Mahendra Singh, Shrawan Singh, Nihal Singh, Jitendra Singh, Uday Singh, Dasrath Singh, Laxman Singh and Bhanwar Singh. All eight were out on bail.Spain's tennis legend Rafael Nadal retirement: Rafael Nadal on Thursday has announced his retirement from professional tennis. The 38-year-old will make his final appearance for Spain at November's Davis Cup Finals in Malaga. In a video message released on Thursday, Nadal said: “I am here to let you know I am retiring from professional tennis. The reality is that it has been some difficult years, the last two especially.”Less than two years after she became the first woman president of the Indian Olympic Association, legendary athlete PT Usha could face a vote of no-confidence during its Special General Meeting on October 25. According to point number 26 of the meeting's agenda issues by the Executive Council, the IOA will ‘discuss and consider a motion of No Confidence against the President in light of alleged constitutional violations and actions potentially detrimental to Indian sports.' Usha has been involved in a prolonged tussle with the IOA's Executive Council members, with allegations flying from both sides. The legendary athlete, the first woman to head the IOA, has issued show cause notice to multiple Executive Council members for allegedly violating eligibility norms.This was the Catch Up on 3 Things by The Indian Express.

pWotD Episode 2717: Ratan Tata Welcome to Popular Wiki of the Day, spotlighting Wikipedia's most visited pages, giving you a peek into what the world is curious about today.With 1,194,391 views on Wednesday, 9 October 2024 our article of the day is Ratan Tata.Ratan Naval Tata (28 December 1937 – 9 October 2024) was an Indian industrialist and philanthropist who served as chairman of Tata Group and Tata Sons from 1991 to 2012, and then as interim chairman from October 2016 through February 2017. In 2008, he received the Padma Vibhushan, the second highest civilian honour in India. Ratan had previously received the Padma Bhushan, the third highest civilian honour, in 2000. He died in 2024, due to age-related illnesses.Ratan Tata was the son of Naval Tata, who was adopted by Ratanji Tata. Ratanji Tata was the son of Jamshedji Tata, the founder of the Tata Group. He graduated from the Cornell University College of Architecture with a bachelor's degree in architecture. He joined Tata in 1961, where he worked on the shop floor of Tata Steel. He later succeeded J. R. D. Tata as chairman of Tata Sons upon the latter's retirement in 1991. During his tenure, the Tata Group acquired Tetley, Jaguar Land Rover, and Corus, in an attempt to turn Tata from a largely India-centric group into a global business. Tata was also a philanthropist.Tata invested in over 30 start-ups, most in a personal capacity and some via his investment company.This recording reflects the Wikipedia text as of 08:30 UTC on Thursday, 10 October 2024.For the full current version of the article, see Ratan Tata on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Brian.

North Carolina lawmakers passed legislation overnight that will make it easier for residents affected by Hurricane Helene to vote. EU envoys agreed to give Ukraine up to 35 billion euros as part of the bloc's share in a larger planned loan from the Group of Seven nations. In Asia, Ratan Tata, a former chairman of Indian conglomerate Tata Sons hailed as a visionary business leader, has died. South Korean President Yoon Suk Yeol delivered a message of hope on how a unified Korean peninsula will benefit the region while in Singapore. And board members of statutory boards in the republic have been sent a letter by the Public Service Division to make clear the circumstances under which they could be considered public servants under the law.   Synopsis: A round up of global headlines to start your day by The Business Times.  Written by: Lee Kim Siang / Claressa Monteiro (claremb@sph.com.sg)  Recording engineer: Joann Chai Pei Chieh Produced and edited by: Lee Kim Siang & Claressa Monteiro Produced by: BT Podcasts, The Business Times, SPH Media --- Follow Lens On Daily and rate us on: Channel: bt.sg/btlenson Amazon: bt.sg/lensam Apple Podcasts: bt.sg/lensap Spotify: bt.sg/lenssp YouTube Music: bt.sg/lensyt Website: bt.sg/lenson Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice.  Discover more BT podcast series: BT Mark To Market at: bt.sg/btmark2mkt  WealthBT at: bt.sg/btpropertybt PropertyBT at: bt.sg/btmktfocus BT Money Hacks at: bt.sg/btmoneyhacks BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/podcasts BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

In the competitive world of online grocery shopping, BigBasket is a name that stands out.But how did they get here?By 2011, smartphones were everywhere, and you could buy almost anything online—except groceries. The co-founders decided to try the grocery game online again, leading to the birth of BigBasket.In 2015, BigBasket pioneered the dark store model, using small, strategically placed warehouses to speed up deliveries and roll out express delivery services. In May 2021, Tata Digital, a subsidiary of Tata Sons, acquired a  64% stake in stake in BigBasket for about $1.5-2 billion from major shareholders, including Alibaba and Actis.In this episode of Neon Show, Vipul Parekh, the visionary co-founder of BigBasket, shares his invaluable insights and experiences from his entrepreneurial journey. Vipul shares candid insights on the recent disruption in the online grocery space with the rise of quick commerce.----------------Timestamp00:00 Introduction01:14 Reflections on building BigBasket for 13 years02:21 Admitting wrong predictions about online grocers03:25 Analysis of online grocery delivery changes in India05:30 Factors behind quick commerce success in India07:45 Quick Commerce's success in India vs. other countries09:22 Profitability challenges for dark stores11:52 BigBasket's market share and transition plans13:06 Leveraging Tata Group synergies in retail15:36 Shift in household behaviour towards quick commerce21:53  Why India doesn't have its own Walmart-equivalent23:15 Learnings from Big Basket28:22 Tata's long-term approach to business30:04 BigBasket founders' future involvement31:47  Lessons from Tata33:00 Implementing financial governance at BigBasket36:08 Trillion-dollar question39:49 Potential for $100B Indian Startups45:18 Building financial independence through startups49:15 Hard work Vs Luck52:20 Vipul's background 55:40 Time in Wipro and meeting VS Sudhakar-------------Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes.We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShoww-------------Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies.To know more, visit https://primevp.in/-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us a text

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, August 6, 2024. My name is Nelson John. Let's get started: Global currents affected the Indian stock markets too: Sensex and Nifty both were down by about 2.7 percent during yesterday's trading session. This was the steepest intra-day drop in nearly two months. Ram Sahgal writes that fears of an economic slowdown in the US and a huge equities crash in Japan prompted the massive sell-off. The worst may not be over yet: Ram also writes that foreign investors have turned bearish on Indian markets, and are betting that they will fall even further. India is a global economy — that means it is also prone to suffering from the headwinds of other economies, in the form of crashes like yesterday's. There's violent trouble with one of our neighbours: yesterday, Bangladesh's newly-elected Prime Minister Sheikh Hasina was forced to resign by protestors. Most of these protestors were students. She had been in power since 2008, and will be succeeded by an internal government controlled by the country's army. Elizabeth Roche explains the turmoil, its rich history, and why India should keep a close eye on this coup's ultimate result. According to new rules set by the markets regulator, any company in India that has sizeable debt on its books is liable to turn public. That put Tata Sons in hot soup: despite having 16 listed entities, the parent company often leveraged itself to balance out the books of its subsidiaries. After Sebi's ruling, Tata Sons quickly pared this debt down to avoid getting listed. Shayan Ghosh and Varun Sood report that it has now reduced its disclosed debt to just 5 crore rupees. Last year, it had nearly 19,000 crore rupees worth of borrowings. It used its crown jewel, TCS, to repay most of the debt, write Shayan and Varun.  Have you noticed a growing trend of consultants among your peers? While their work remains the same, their designation changes. Mid to senior level employees who are switching roles enjoy a host of tax benefits via this method, writes Shipra Singh. When you earn as a consultant, your income gets categorised as a business revenue. This allows you to claim a lot of deductions. This strategy could help you save tax on more than half your income, tax experts told Shipra. Instead of paying tax at your slab rate, you instead pay a flat 6 percent GST on this income — helping you amass quite a bit of savings. Kunal Bahl is one of the most prolific people in India's burgeoning startup landscape. He is the co-founder of Snapdeal, an e-commerce app. At one point, Snapdeal hoped to topple Flipkart from its position as India's top online seller. That fight didn't turn out so well for Snapdeal and Bahl. However, some would argue that Bahl is a better investor than an executive. Bahl is also the main man behind Titan Capital, which boasts of returns greater than 100x from investments such as Urban Company, Mamaearth, and Ola Cabs. Another acquisition, Unicommerce, is set to IPO today — yet another huge return for the investment company. Mansi Verma and Priyamvada C write a detailed story on how Kunal Bahl became the titan of early-stage investing in India. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:   Markets reel under global pressure Mint Explainer: Why India needs to have a wary eye on Bangladesh coup Tata Sons goes debt-free as it seeks listing exemption Switch to consultant from employee and you can save tax on half your income Don't do as I did: How Snapdeal's Bahl became the titan of early-stage investing

In the latest episode of "The Brand Called You," R Gopalakrishnan and Hrishi Bhattacharyya, co-authors of the transformative book "Embrace the Future" share their deep insights on business strategy, the importance of purpose, and how leaders can navigate change. With decades of experience at top firms like Unilever and Tata Sons, Gopalakrishnan and Bhattacharyya offer invaluable lessons for both established leaders and ambitious startups. 00:50- About R Gopalakrishnan & Hrishi Bhattacharyya Mr. Gopalakrishnan is the former vice chairman of Kinder Stein, Unilever Limited.  He is the director of Tata Sons, the chairman of Castrol, India, and the director of the Press Trust of India.  Mr. Hrishi Bhattacharyya who lives in Chicago is the former senior vice president of Unilever.  --- Support this podcast: https://podcasters.spotify.com/pod/show/tbcy/support

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, April 25, 2024. My name is Nelson John. Let's get started: The Indian equity markets increased marginally on Wednesday. Benchmark indices Sensex and Nifty both rose by about 0.15 per cent. Vodafone Idea, Tata Consumer, and Sun Pharma were some of the notable names that lost a lot of shareholder value during yesterday's trading session. The board of Tata Sons is soon headed for a revamp, with two directors set to retire over the next 15 months, reports Varun Sood. Last month, a new independent member joined. In effect, about one-third of the Tata Sons 10-member board will be going through a turnover in just over a year. The main task for the new board members will be to ensure that the Tata group becomes a debt-free company. The group currently owes over 20,000 crore rupees to its lenders. But through selling of shares in its crown jewel TCS, and other measures, Tata Sons can realistically achieve this goal by next year.  Kotak Mahindra Bank received a huge jolt yesterday when the banking regulator barred it from onboarding any new customers online. The Reserve Bank of India also barred Kotak Mahindra from issuing any fresh credit cards. RBI said that serious lapses in the bank's IT services had forced it to take such a drastic measure. Shayan Ghosh writes that existing Kotak customers shouldn't face any hurdles, but this is a huge loss of confidence for new CEO Ashok Vaswani's bank. At Mint, we've been steadily bringing you some in-depth election coverage. For today's Long Story, we invited Ruhi Tewari to write about the election landscape in Uttar Pradesh. UP is inarguably the most pivotal state when it comes to the general election: 15% of all elected Lok Sabha members come from this state. But what issues are UP citizens voting on? The usual, writes Ruhi: electricity, roads, and water. India's most populous state will vote for the party that guarantees them these basic necessities. However, the ruling BJP is expected to win this state again—not because of the Ram temple, but because of an improved law-and-order situation in the state. Ruhi gets the on-ground pulse from Lucknow, Ayodhya, and Mathura for this deftly reported story. If you've watched IPL this year, a host of betting apps would've tried to lure you in. But if you log in, they don't just offer bets on how much Dhoni will score or how many runs RCB will lose by this time—you can even punt on the results of the general election. Varuni Khosla writes that the advertising standards council of India has flagged brazen promotions by these illegal betting apps, but to no avail. This issue assumes importance especially as the Supreme Court forced Patanjali to apologise for its misleading advertisements, and hauled up other consumer goods companies as well. If you've seen any betting apps on a website, chances are you have searched for some betting sites yourself. This is called a targeted ad: catering to specific users' needs, based on their search or browsing history. If you're surprised, I agree: it's quite invasive. To help with that, the ministry of corporate affairs has initiated the Digital Competition Bill. This bill is only likely to be taken up after the national election is concluded, but will help with maintaining your privacy online, reports Gireesh Chandra Prasad. However, executives from the adtech industry have said this will result in fewer monetising avenues. In this battle for privacy versus revenue, who will win? We'll only find out by the end of the year—that's when the bill is likely to be introduced in Parliament. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:New faces on Tata Sons board? Bhaskar Bhat, Ralph Speth near retirement RBI bars Kotak Mahindra Bank from adding new customers via web, mobile appWork is worship: Bijli, sadak, paani are once again the key poll issues in UPIPL, elections are all fair game on illegal betting appsTargeted ads become focal point of digital competition debate

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Wednesday, April 10, 2024. My name is Nelson John. Let's get started:Having opened at record highs on the back of bolstered expectations of a strong showing by companies during the last quarter of FY24, Indian benchmark indices pared most of their gains to close in the red on Tuesday. BSE's Sensex closed 0.8 per cent down from its previous close, while Nifty dipped marginally by 0.1 per cent below its Monday close. The last fiscal year was full of ups and downs for the Indian markets, but for one section of companies, FY24 proved to be the best one yet. Small and medium enterprises or SMEs took the Indian stock market by storm in the fiscal year ended March. A remarkable 204 SMEs launched their initial public offerings, raising close to 6,000 crore rupees. This marked a massive 167 per cent jump from previous years. Larger companies on the other hand, could only increase their IPO mop-up by a modest 20 per cent. Mint's market correspondent Mayur Bhalerao writes about the surge which highlights the rising investor confidence in SMEs. Experts Mayur spoke to point at the rising interest for SMEs among high net worth individuals and retail investors .March 2024 alone saw 27 SMEs raise 862 crore rupees, setting a record for the highest number of SME IPOs since September 2023.We are only in the second month of summer and the country is already struggling with severe heat waves. With heat waves comes scarcity of water. While water shortage in metros like Bengaluru makes a lot of noise in the public sphere, what goes under the radar are the depleting sources of water used by farmers. At a time when the government is trying to reign in food inflation, dwindling water reserves across the country are only going to make it worse for a number of crops. Experts are now predicting an increase in the prices of crucial winter crops like gram, paddy, and maize, due to drying up reservoirs. Water levels in India's 150 major reservoirs, as of last week, stood at 35 per cent capacity. This figure, as reported by the Central Water Commission, not only marks a 17 per cent decrease compared to the previous year but also falls 2 per cent below the decade's average. These agricultural hurdles are compounded by above-normal temperatures and diseases, particularly affecting states such as Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. Puja Das, who writes on agriculture and climate change for Mint, spoke to experts about the anticipated rise in the price of some key winter crops. Not all is grim though, experts predict that prices of other key winter crops such as wheat and mustard are expected to remain stable. With over 960 million eligible voters and spanning seven phases over 45 days, the upcoming Lok Sabha elections are poised to be the largest democratic event in history. In an unprecedented move, to bolster participation in the elections, India Inc is taking it upon itself to encourage voters. Companies are taking innovative steps to ensure their workforce can exercise their voting rights. Leading the charge, firms like TCS, Amazon, KPMG, and Quess Corp are making it easier for employees to vote, even if it means travelling to their registered constituencies. KPMG India, for instance, is offering special leave to employees needing to travel for voting. Tata Sons is providing a day off for Mumbai-based employees to cast their votes. The IT sector - arguably one with a large number of migrant employees - is not behind in this, with HCL and TCS announcing leave policies around the polling schedule. TCS is even planning to let its employees travel to their constituency for voting. Mint's HR and workplace correspondent Devina Sengupta reports on the widespread initiative, covering companies of all sizes and underscoring the commitment of India Inc to democratic participation.Amid rising global crude oil prices, now surpassing 90 dollars per barrel due to fresh geopolitical tensions, India's domestic petrol and diesel prices are a focal point of speculation, especially with the election season upon us. The surge in Brent crude prices, coupled with the Indian crude basket's price increase of over 10% since the year's start, raises questions about potential impacts on India's oil marketing companies. So what's causing this price hike? The backdrop of these price hikes includes an attack on Iran's embassy in Syria, escalating tensions in the Middle East, and ongoing conflicts between Israel-Palestine and in Ukraine, which threaten to further disrupt global oil supplies. However, despite these international pressures, it appears unlikely that India will see an adjustment in fuel prices before the election concludes. Mint's autos correspondent Sumant Banerji explains what the global rise in crude oil prices means for India, in today's Mint Primer. In 2017, a peculiar concern was raised in Vistara's boardroom at its Gurugram headquarters. The concern? Discomfort experienced by cabin crew due to their footwear. Such a matter would not typically be discussed at such high levels. This early attention to employee comfort reflected Vistara's commitment to addressing workforce issues earnestly. However, the situation seems to have evolved significantly by 2024. There is a shift in the company's approach to employee concerns, especially as Vistara undergoes a merger with Air India. This merger has introduced a new pay structure, particularly affecting pilots, leading to considerable unrest and reports of flight cancellations due to pilots calling in sick in protest. The merger aims to standardise pay across the combined entity, reducing Vistara pilots' guaranteed monthly hours from 70 to 40, aligning them with Air India's existing structure. This change has caused distress among pilots, some of whom spoke to Mint's aviation correspondents Mihir Mishra and Anu Sharma for today's Long Story. Mihir and Anu examine how the merger is affecting Vistara's employees, especially junior pilots who are struggling with reduced salaries and unclear career progression prospects.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.That's all for today. Thank you for listening.We'll be back tomorrow with a fresh episode of Top of the Morning. Have a nice weekend!Show notes:The crowd of small firms in IPO street has never been biggerShrivelled paddy, wilted gram signal a lousy harvest aheadPaid leave to WFH - India Inc nudges employees to voteMint Primer | Indian fuel prices: which way are they headed now?At Vistara, some employees are caught in merger turbulence

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important cues ahead of the trading session of March 19 -Sensex rebounded over 300 points at close yesterday while Nifty ended above the 22,100 level as buying in IT and capital goods shares helped broader markets recover from the previous day's sharp losses. - The Nifty has managed to respect its 50-Day Moving Average at 21,909, which also indicates that 21,900 is the key level for the Nifty on the downside going forward. On the upside, the index continues to face resistance above 22,100 and Monday's high of 22,123, was at levels similar to that of Friday at 22,120. -Global cues, meanwhile, seem mixed. Overnight in the US, all three major indexes rebounded as tech companies gained, while investors awaited monetary policy guidance from the Federal Reserve. The Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.63%. The Nasdaq Composite climbed 0.82%. -Nvidia shares rose 0.7% on the first day of the company's GTC Conference — where the chipmaker is expected to showcase its latest inroads in artificial intelligence. Shares of Alphabet ended 4.6% higher after reports that Apple was in talks with Google to include the company's Gemini AI in iPhones. -The U.S. Federal Reserve is considered certain to keep rates at 5.25-5.5% when it ends its policy meeting tomorrow, and investors mostly expect the Fed to begin cutting rates by June or July. -Asia-Pacific markets fell this morning ahead of central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia. -All eyes are on the Bank of Japan amid expectations that the central bank could end its negative interest rate policy after 17 years. Japan's Nikkei 225 opened 0.5% lower, still below the 40,000 level. The broader Topix traded near the flat line. -Oil held a gain with continued Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus. Brent crude traded near $87 a barrel after a 1.8% rally on Monday to the highest close since late October. -There will be a big block deal taking place in TCS, where Tata Sons will sell 0.64% stake worth over ₹9,000 crore. -Stocks to track:TCS, Aditya Birla Sun Life AMC, Tata Steel, L&T Finance, Sonata Software, RPP Infra - GIFT Nifty was trading with a discount of more than 70 points from Nifty Futures' Monday close. indicating a gap-down start for the Indian market Tune in to the Marketbuzz Podcast for more cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, March 19, 2024. My name is Nelson John. Let's get started:On a day marked by wild gyrations of the Sensex and Nifty, the benchmark indices managed to end Tuesday on a positive note. Both Sensex and Nifty ended the trading session about 0.15 per cent above their previous close. Tata Steel, Mahindra & Mahindra, JSW Steel and Tata Motors emerged as the top gainers on Tuesday. Have you invested in a small cap fund? Or looking at the high rate of return, have you been tempted to? Market regulator Sebi put small and mid cap funds under a stress test to check if they can handle a large sum of money, especially in a space which tends to have less liquidity. But what was the need for this test? Mint Money's Neil Borate and Jash Kriplani explain the move. Over the last two years, assets under management for small-cap mutual funds have more than doubled! This coupled with an average return value of more than 45 per cent, raised concerns with the regulator. Sebi asked small cap funds to rank companies under their management in descending order of liquidity. Days to liquidation vary from 12 days for 50 per cent liquidation for smaller funds, to 60 days for larger ones. Neil and Jash also tackle questions around the methodology of the stress test and whether you as a small-cap investor should be worried. Tata Sons, the parent entity of India's premier software services company Tata Consultancy Services, is reportedly planning to offload 23.4 million shares through block deals. The shares are to be sold at a price of 4,001 rupees each, totalling an estimated 9,300 crore rupees or about 1.1 billion dollars, as per a Bloomberg report. Tata Sons owns more than 72 per cent of TCS, which has seen its share value increase by 30 per cent over the last year. This strategic sale is speculated to be a manoeuver by the Tata Group to bypass the need for a public market listing for Tata Sons. Such a listing is a requirement set by the Reserve Bank of India for 'upper layer' non-banking financial companies to be listed on stock exchanges.The issue of electoral bonds is more layered than was initially understood. Days into SBI releasing details of donations made by corporations to political parties, the data keeps on throwing up surprises. Mint's Varun Sood unpacks more of it in this next story. Megha Engineering and Infrastructures Ltd , a prominent player in India's infrastructure sector, finds itself at the centre of a puzzling discrepancy about its political donations made through electoral bonds. According to Megha Engineering's  last annual report, the company purchased electoral bonds worth 280 crore rupees. However, the Election Commission's data tells a different story. The commission's data shows Megha and its subsidiary, EveyTrans, together only bought bonds totaling 199 crore rupees in FY23. This discrepancy raises serious questions about the accountability of such instruments, meant to channel money anonymously to political parties. Meanwhile, the Supreme Court, which deemed electoral bonds illegal in a landmark judgement last month, has told the State Bank of India to disclose all details. This includes the date of purchase and redemption, the name of the purchaser and recipient, denomination, and alphanumeric numbers and serial bonds. Mint's legal correspondent Krishna Yadav reports on the Supreme Court's strict and no nonsense approach towards electoral bonds.  What's common between Sachin Tendulkar in the early 2010s, Muhammad Ali in the 80s and Roger Federer in the late 2010s. They were all past their prime but were still going on. Now what if I told you a similar analogy can be drawn in the stock market with giants like HDFC, Hindustan Unilever (HUL), and Asian Paints. These companies were once the stalwarts of equity markets, with a widespread belief that investing in them was a surefire win. However, everything has an expiration date. In 2023, for the first time, shares of HDFC Bank, HUL, and Asian Paints all lagged behind the Nifty50's impressive 20 per cent increase. While Asian Paints saw a modest 10 per cent rise, HDFC Bank climbed by only 5 per cent, and HUL grew a mere 4 per cent. Mint's national editor, Abhishek Mukherjee, offers an in-depth analysis of the downturn experienced by these once-iconic stocks. New Delhi-based Azure Global Power, a renewable energy firm listed on the New York Stock Exchange, is considering strategic moves including selling a stake to a partner. People familiar with the development told Mint's policy bureau chief Utpal Bhaskar, that the company is even mulling selling the entire business. Originally listed on the NYSE in 2016 and subsequently delisted in 2023, Azure Power has significant investment from Canadian pension funds CDPQ and Ontario Municipal Employees' Retirement System, who own 53.4 per cent and 21.4 per cent of the company, respectively. We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Mint Primer: Why you shouldn't stress out over new mid- and small-cap testsTata Sons to sell 23.4 million TCS shares worth ₹9,000 crore in block dealAt India's second-largest engineering co, gaps emerge in electoral bond fundingWhy Dalal Street's one-time darlings are struggling to keep the romance goingAzure Power is navigating leadership churn; a stake sale may be next

In today's episode for 12th March 2024, we tell you why everyone's been buzzing about a potential IPO of Tata Sons.

On this episode of Westside People, Harish Bhat, board member of Trent and former Brand Custodian of Tata Sons, talks about how brands under the Tata Group, including Westside, have cemented their identity to cater to the changing needs of the Indian consumer. He talks about the Tata Group's illustrious history of contributing to nation-building for 155 years and the sense of pride and purpose that comes with working with them for over three decades.   Shop the look here: www.westside.com Follow Westside here: https://www.instagram.com/westsidestores   CREDITS: Guest: Harish Bhat Executive Producer: Umashan Naidoo Creative Director: Liana Deboo Created by Westside   This is a Maed in India production. Head of Production: Mae Mariyam Thomas Project Manager: Shaun Fanthome Recording Engineer: Kartik Kulkarni Sound Editor & Mix Engineer: Lakshman Parsuram Senior Producer: Ruchi Sawardekar Junior Producer: Jyoti Chaurasiya Director and Video Editor: Jishnu Guha Recorded at The Indian Audio Company

What a scorcher: Can India sustain this torrid pace of growth? What the TCS bosses have in mind: A growth spurt in the year ahead 2024 is the year to scale up beyond pilots, advance GenAI projects: IBM's CandyMint Explainer: Who's winning the app war – Google or Indian startups? Struck by Byju's, General Atlantic's India ship is in distress. Will it survive? Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, March 4, 2024. My name is Nelson John. Let's get started:In some surprising news, India's GDP grew at a staggering 8.4% in the third quarter of the financial year in 2024. Mining and agriculture had tepid production, so estimates were moderate. The revised estimate for GDP growth for the entire year is now at 7.6 percent. This means that India will continue to be the fastest growing large economy in the world. Mint's senior editor N. Madhavan explains these numbers. He outlines that while this is good news for our economy, these numbers are unlikely to sustain for the next quarter.IT giant TCS wants rapid growth — and it wants it soon. At a strategic retreat in Abu Dhabi, its CEO K. Krithivasan said he wanted at least double-digit growth in revenue in FY25. This would be double of its last year growth, which came in at 5.3 percent. Speaking at the same event, Tata Sons chair N. Chandrasekaran said he wanted the company to record at least 10 billion dollars worth of business from India alone. Mint's IT and corporates correspondent Varun Sood reports on the inside details from this event, including the incoming business for TCS worth billions.From one MNC to another: let's talk about IBM. Its consulting arm employs some 1.6 lakh people. Out of these, more than 20,000 employees now work solely on artificial intelligence. Mint's executive editor Leslie D'monte speaks to Matthew Candy, IBM consulting's global managing partner. Candy spoke about IBM's AI strategy, including how they are devoting their resources towards two big areas: customer care, and HR. Candy also gave advice to Indian founders who are foraying into Generative AI, and doing so responsibly.Some Indian startups received a jolt last week when Google removed them from its Play Store. Bharat Matrimony, Shaadi.com, and 99 acres were some of the apps that were removed after Google said that they didn't pay service fees. This isn't a first for the tech giant: Google has had similar tiffs in the US and Europe as well. Indian startups are crying foul, and saying that Google shouldn't have the power to unilaterally de-platform apps in such a manner. Mint's tech correspondent Shouvik Das writes a detailed explainer on this issue. Byju's is going through a tough time. The startup, once valued at 22 billion dollars, is now raising money through a rights issue for a total valuation of only 20 million. This is of course a smart accounting practice, but it does hurt previous investors. One such investor is General Atlantic. The company has pumped in 380 million dollars into the edtech so far, but refused to put in more money during the latest round. The private equity firm is running on thin ice: it's current portfolio includes fellow edtech Unacademy, real estate platform NoBroker, and payments aggregator BillDesk. None of these companies have provided the returns GA would have liked. Startups and new economy writes Ranjani Raghavan and Sneha Shah write about General Atlantic's trouble in navigating the Indian waters, and what lies ahead for the PE firm.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.

In this episode, R Gopalakrishnan, corporate advisor and author, discusses insights from his book "Inside the Boardroom" on governance and human behaviour. He explores the balance of creativity and discipline needed in companies, using analogies. Gopal emphasizes the bias traps directors face. He shares perspectives on governance in startups, the steering role of governance so companies don't "crash", and the behavioural factors that shape strategic decisions. 00:33- About R Gopalakrishnan Mr. Gopalakrishnan is the author of a book titled 'Inside the Boardroom - How Behaviour Trumps Rationality'. He's the chief executive officer of Mindworks. He's the former vice-chairman of Hindustan Unilever Limited, the Director of Tata Sons, the Chairman of Castor Oil, India, and the Director of the Press Trust of India.  --- Support this podcast: https://podcasters.spotify.com/pod/show/tbcy/support

In a world where every shift matters, we are joined by leaders who are not just observers but active stakeholders across the economy. We bring you the insights from the Economic Times CEO Roundtable, where influential voices converge to shape the business landscape of India and identify the risks and challenges . Economic Times Executive Editor Shrutijeet KK sits down with N. Chandrasekaran, Chairman Tata Sons. Prabha Narasimhan, CEO of Colgate Palmolive India. Uday Kotak, Founder of Kotak Mahindra Bank. Arundhati Bhattacharya, CEO of Salesforce India. Romal Shetty, CEO of Deloitte South Asia. Richard Premji, Chairman Wipro. Nitin Kamath, Founder & CEO at Zerodha. Lakshmi Venu, Joint MD, Sundaram Clayton, and Kunal Shah, CEO CRED. Chapters in this Podcast 00:00 - Intro02:02 - Satyen Gajwani, Vice chairman of Times Internet 05:23 - Shrutijeet KK, Economic Times Executive EditorOpening remarks on global turmoil that you they familiar with and what India can do to thrive?08:18 - Kunal Shah, CEO, CRED09:08 - Lakshmi Venu, Joint Managing Director, Sundaram Clayton10:56 - Romal Shetty, Chief Executive Officer, Deloitte South Asia11:56 - Arundhati Bhattacharya, Chief Executive Officer, Salesforce India13:16 - Uday Kotak, Founder, Kotak Mahindra Bank15:29 - N Chandrasekaran, Chairman, Tata Sons18:40 - Rishad Premji, Chairman, Wipro19:58 - Prabha Narasimhan, CEO, Colgate-Palmolive India20:51 - Nithin Kamath, Founder, ZerodhaFloor Opens for Discussion23:26 - Nithin Kamath on Sustainable Strategies for Long-Term Customer Engagement in Capital Markets24:49 - N Chandrasekaran on Navigating Risks in the Global Business Landscape & The Transformative Journey of Advanced Manufacturing29:50 - Uday Kotak on India's Economic Landscape, Interest Rates & Balancing Financial Stability and Aspirational Growth36:31 - Rishad Premji on The Evolving Landscape of India's Tech Market39:43 - Arundhati Bhattacharya on The Transformative Potential of Generative AI44:34 - Romal Shetty on The Impact of Digital Transformation on India's Business Landscape47:27 - Prabha Narasimhan on Trends in Premiumization, Economic Stress, and Evolving Expenditure Patterns49:15 - Lakshmi Venu on A Multi-Stakeholder Approach for Small and Marginal Farmers54:43 - Kunal Shah on Challenges and Opportunities in the Evolving Landscape of Tech Business and Fintech in India58:34 - Uday Kotak on Navigating Credit Opportunities in India59:52 - Rishad Premji on AI in India and Unlocking Productivity Gains Through Data and Infrastructure DevelopmentWhich is the one thing about India today that delights them?01:01:13 - Nithin Kamath01:01:24 - Prabha Narasimhan01:01:29 - N Chandrasekaran01:01:48 - Uday kotak01:02:08 - Arundhati Bhattacharya01:02:44 - Romal Shetty01:03:10 - Lakshmi Venu01:03:39 - Kunal Shah01:04:10 - Closing If you like this conversation, check out more such interesting chats India's Decade: Can the Country Deliver on Its Promise?, Etstartup Awards: Corner Office Conversation With Nithin Kamath, Kotak Succession: A Big Transition & The Challenges Ahead, The Economic Times Conversations with Sam Altman, CEO, OpenAI, Corner Office Conversation With Nestle India CMD, Suresh NarayananCatch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.

Learning Forward with Harish Bhat, Season 13, Episode 2. Harish Bhat, currently the brand custodian at Tata Sons, has held many roles in the Tata group over the past thirty-four years, including Managing Director Of Tata Global Beverages and Chief Operating Officer of Titan's watches and jewellery businesses. Harish is an alumnus of BITS Pilani and the Indian Institute of Management Ahmedabad. An avid marketer, he has helped create many successful Tata brands. He writes extensively and is a columnist for The Hindu Business Line and Mint.  Autor of #TATASTORIES: 40 timeless tales to inspire you. Tatastories is a collection of little-known stories of individuals, events and places from the Tata Group that have shaped the India we live in today. We ask Harish questions about the book and why the Tata Group is deeply respected and valued for its contribution to the growth and development of India. Harish highlighted the words of Jamsetji Tata in the book. He said the community is not just another stakeholder in business but is, in fact, the very purpose of its existence and throughout the numerous tales. In another book, Tatalog, it is particularly emphasised that the DNA of every TATA enterprise is a combination of pioneering, purposive, moral and ‘not perfect'. While reading #TATASTORIES, a feeling that is uniform for many is that we feel like a participant and not mere passive observers. Dancing across this long arc of time are thousands of beautiful, astonishing Tata Stories, many of which can inspire and provoke us, even move us to meaningful action in our own lives. These stories bring to vivid life the extraordinary longevity, vibrancy and success of Tata. But at their essence, they are simple, moving stories of great teams, men and women, which hold profound lessons for all of us.  Please comment below and let us know if you like our podcast. If you want to be a part of similar podcasts, join us. We hope to meet you again soon!Enjoy our shows on www.DilJeeto.com. You will love the stories our students, teachers, and passionate educators share. Please find out more about My Good School at www.SchoolEducation.com. --- Support this podcast: https://podcasters.spotify.com/pod/show/learningforward/support

Car production climbed 16.2% in June 2023 compared to a year ago; total output for the first half-year is up 11.7%; electric and hybrid cars produced rise by 71% a month (year-on-year); and vehicle exports are up nearly 14%. The stand-out news, however, is Tata's game-changing £4bn investment in a battery gigafactory. By Will Stirling UK car production rose nearly 12% in the first half of the year to 450,168 units with June up 16.2% – the fifth consecutive month of growth, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The performance represented the best first half since 2021, as manufacturers were increasingly able to manage global supply chain challenges – notably the shortage of semiconductors that had constrained production since the pandemic.  These numbers were announced in July, a week after the announcement that Tata Sons, Jaguar Land Rover's parent company – will build a massive new gigafactory for the UK, helping anchor EV production for one of Britain's biggest car makers. Overall, the latest independent production outlook anticipates UK factories around 860,000 cars this year, up 10.9% on 2022. This is a welcome jump from the nadir of 2022, when British car manufacturing fell to the lowest level since 1956 – 775,014 cars were produced. Car exports were also up 13.6% in 2023, with 359,940 shipped worldwide. While factory production was up for five months straight, the story within the story is the increase in electric and hybrid car production. UK car makers are manufacturing more low-carbon vehicle models than ever, with production of hybrid electric, plug-in hybrid and battery electric vehicles (BEVs) up a whopping 71.6% from January to June to a record total of 170,231 units. This is more than a third, 38% of all cars produced so far in 2023, good news given the importance of car manufacturing to the future of the industry and wider society in driving down carbon emissions. In terms of registrations, or sales, the biggest increase in June was for BEVs, which posted an 87.9% increase to account for 16% of all new registrations for the month, a market share broadly consistent with that for the full year. The news that shook the car industry like an earthquake, however, was Tata's decision to build a new £4bn gigafactory in Somerset. Spain had been the other contender. One insider said this project has been seven years in the planning, but the location may have still been an open call until a few weeks before the story broke in mid-July. Champagne all-round in the beleaguered car industry, reeling from semiconductor shortages, Brexit and low post-covid demand. Tata could produce 40% UK battery capacity by 2030 At full capacity, the gigafactory will produce 40GW of battery cells annually. At current forecasts, this is about 40% of the 100GW/h per year the UK will need to fulfil the demand for EV batteries. That number rises to about 200GW/h by 2040. Envision AESC in Sunderland, which provides batteries primarily for Nissan vehicles, is expanding its capacity to 20GW annually, showing the work that needs to be done. The company's strategic growth plans for its flexible manufacturing capacity will begin with a rapid ramp-up phase and the start of production in 2026. The value of the giant factory is significant for the car industry, the local economy and also the supply chain. What can our domestic auto and chemicals industries expect from this huge investment? Tata is expected to want to establish high UK content for the batteries because under the EU-UK Trade and Cooperation Agreement's rules of origin (due to be applied in 2024, phased up to 2027), that mandates that a certain proportion of the value of batteries and their component materials must be sourced from the UK or EU, or import tariff's of around 10% of the vehicle value will be applied. “The 2024 terms look like they will not be met by many manufacturers in the UK or EU due to the delays in setting up gigafactories and their supply chains, especially during covid and the subsequent market and supply chain disruptions,” says Professor David Greenwood, CEO WMG High-Value Manufacturing Catapult and an expert on the car industry. “Unless variations are agreed by both sides then this will result in EVs becoming disproportionately more expensive than ICEs in the UK and Europe, which is clearly in no-one's interests. There are good signs that a compromise is being negotiated.” David adds that the 2027 terms effectively mean that for any car sold from the UK into the EU or vice versa, the cathode material must come from the UK or Europe, the cell must be assembled there, and the pack must be assembled there. This will drive investment into UK and EU supply chains over that period. At the moment, there is an insufficient supply chain in the EU, and especially the UK, so it is likely that UK gigafactories will be reliant on imported materials in their early years of operation, but that they will localise to the UK or EU by 2027 or very shortly thereafter to meet the terms of the TCA.” Building a supply chain for UK gigafactories The casual observer might be surprised by the UK's core strengths in battery manufacture. “There are very good prospects for the UK developing such a supply chain, but we have some catching up to do,” David adds. “We have access to lithium and refining capability is already planned, we have high-quality nickel refining, we have needle coke (a precursor to anode materials), we have electrolyte manufacture, and we have companies capable of making aluminium foils, cell cans and separators – although they do not currently do so. That still leaves a few gaps around materials (notably cobalt), components (like copper foil), and the processing of anode and cathode materials. That isn't a surprise though, as such companies would want to see large-scale customers, in the form of gigafactories, before they make large-scale investments themselves, and those gigafactories are only just being confirmed now. Home grown lithium is a major advantage for any battery manufacturing and the element is now being mined in Cornwall, by Cornwall Lithium, a joint venture between British Lithium and French mining company Imerys. The latter's forecast production is 20,000 tonnes per year, about one-third of all UK demand or enough lithium to power 500,000 electric cars a year by the end of the decade. Batteries need housings. A UK designer and manufacturer with the expertise and scale to supply Tata is Sertec, with 10 locations and over 2,200 employees. The company has won several UK awards for its battery components and battery casings. The factory will need high quantities of electrolytes, based on organic solvent, a liquid that bathes the lithium anodes and cathodes to conduct the flow of ions. Commentators are tight-lipped on potential chemical suppliers but a big, established supplier for batteries is Mitsui & Co. which has UK operations. Recycling is the often neglected part of the battery lifecycle. “It's an important way of accessing many of the materials we need in the long-term future,” says WMG's David Greenwood. “We have some small-scale operations starting up in the UK now, but this, and the processing of the “black mass” it produces into cathode and anode precursors, will require support to grow such that it is in place and ready when required. Planning ahead, to meet demand forecast by the Faraday Institution of 200GW/h capacity by 2040 – just 16 years away – as with Tata the government must subsidise battery manufacturing investment, as other European countries are doing and the US has with the Inflation Reduction Act measures. Hard cash is not enough, either. “If the UK is intent on maintaining a level playing field with European competitors, the UK government could consider offering subsidies that cushion against another energy price surge or help with grid connectivity to any plants that require improved access,” says Stephen Gifford, chief economist at the Faraday Institution.

Domino's Pizza bankruptcy in Russia, UK property prices falling, Tata Sons in talks with startups for UK battery plant, Crest Nicholson to report half-year results, Ukraine finalizing deal with insurers for grain ships, South Africa supports BRICS expansion, Qineticare offers integrative healthcare services, HDFC Bank focuses on home lending, Dinari turns US stock markets into digital tokens, Genda President eyes expansion, Centaline takes legal action against Chinese developers, China cautious on housing market stimulus.

The proposed merger of Air India and Vistara has flown into rough weather. It has attracted the glare of antitrust regulator CCI -- which has asked Air India to explain why this merger should not be probed. It comes mere months after Tata Sons and Singapore Airlines filed a merger application with the antitrust body in April, saying the amalgamation of the two airlines will not lead to any change in the competitive landscape of India. So in today's first segment Bhaswar Kumar tries to find out why the CCI is now raising questions about the proposed merger, which was announced in late 2022?  And it is not just the big birds. Indian skies are also increasingly getting swarmed by drones. They are out for delivery. They are employed in security. And now, they are mapping land parcels in rural areas to help clearly define land rights. The recently launched government scheme Svamitva will provide exact coordinates for accurate map making with the help of drones.   Meanwhile, markets too have been flying high for the last few months with the Sensex and the Nifty hitting their fresh 52-week peak levels. Is there more steam left in the markets, or is it time for you to take some money off the table? Puneet Wadhwa spoke with Ajit Mishra, senior vice-president for technical research at Religare Broking on what the charts suggest. India's financial markets, meanwhile, will lose a gem early next month as the shares of HDFC will delist on July 13. This mortgage institution -- which helped over one crore Indians realize their dream of owning a home in the last 45 years - is now merging with HDFC Bank. So how has this journey been so far? And how did these two Indian giants come into being? Listen to this episode of the podcast for answers. 

Creativity cannot be separated from commerce. An Artist is as much of an entrepreneur, constantly building his/ her enterprise. What are those skills needed to develop your enterprise? What are your values? What are your short and long-term goals? Our guest for this episode is Mr. R Gopalakrishnan who has served as Chairman at Unilever and Director at Tata Sons. He has authored 17 books about the founders: Marico- Harsh Mariwala, HDFC- Deepak Parekh, Biocon- Kiran Mazumdar Shaw, Kotak Bank- Uday Kotak etc.Digs:1) Creating the culture of your company/ enterprise.2)Importance of transparency in an ecosystem3) Competing with Humanity and humility.4) The Dunning-Kruger effect.5)From building a company to an institution.6) Uday Kotak of Kotak Bank.7) Harsh Mariwala of Marico.8) Kiran Mazumdar Shaw of Biocon9) Deepak Parekh HDFC bank. Njoy. Email id: metaphysicallab@gmail.com/  You can follow us and leave us feedback on Facebook, Instagram, and Twitter @eplogmedia, For partnerships/queries send you can send us an email at bonjour@eplog.media   Intro Music: "Hard Boiled" by Kevin MacLeod (https://incompetech.com)License: CC BY (http://creativecommons.org/licenses/by/4.0/Outro Music: Shades of Spring by Kevin MacLeodLink: https://incompetech.filmmusic.io/song/4342-shades-of-springLicense: https://filmmusic.io/standard-license   DISCLAIMER: The views expressed on all the shows produced and distributed by Ep.Log Media are personal to the host and the guest of the shows respectively and with no intention to harm the sentiments of any individual/organization.The said content is not obscene or blasphemous or defamatory of any event and/or person deceased or alive or in contempt of court or breach of contract or breach of privilege, or in violation of any provisions of the statute, nor hurt the sentiments of any religious groups/ person/government/non-government authorities and/or breach or be against any declared public policy of any nation or state.See omnystudio.com/listener for privacy information.

The Tata Group's flagship steelmaker Tata Steel last week approved the merger of six subsidiaries and an associate company with itself in a major move that consolidates the group's metals and mining business.  The move involves listed entities, Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks and TRF.  The proposed amalgamation is aimed at driving synergies through raw material security, centralised procurement, optimisation of inventories, reduced logistics costs and better facility utilisation. The consolidation is in continuation with Tata Steel's drive to simplify the group holding structure. Since 2019, it has reduced 116 associated entities. Recently, the Adani Group overtook Tata to become India's most valuable conglomerate. At $278 billion, listed Adani companies had a combined valuation higher than Tata Group's $260 billion.  Under the Chairmanship of N Chandrasekaran, the salt-to-software conglomerate has been consolidating businesses that share common synergies. Earlier this year, the group announced the merger of Tata Consumer Products and Tata Coffee.  Tata Consumer itself was a result of the 2019 merger of consumer products business of Tata Chemical with Tata Global Beverages. A financial daily on Tuesday reported that the group and Singapore Airlines are working on merging their airline businesses Air India and Vistara, and housing them under a new joint venture. Meanwhile, Tata-owned AirAsia India is in the process of being merged with Air India Express, an Air India subsidiary that operates flights mainly on India-Gulf routes. By 2025, Tata's aviation business will be reportedly brought under Air India. Tata Sons, the group holding company, had consolidated its various businesses across aerospace and defence sectors together under a single entity, Tata Aerospace & Defence (Tata A&D). Ambareesh Baliga, Independent Market Analyst says, consolidation is a value creation proposition. Will bring in synergies and cost efficiencies. Tata's successful future businesses may also undergo consolidation.    According to a financially daily, Tata Sons has commenced plans to halve the number of listed companies in the conglomerate to an estimated 15 from 29 in the coming months. This is being done to focus on investing in bigger entities that can compete in the marketplace. The news report quoted the conglomerate's executives saying that it is speeding up the simplification to focus better on the growth and scale of the large companies.  Chandrasekaran, who is serving his second term as Tata Sons Chairman, restructured the group into ten verticals such as infrastructure, financial services, automotive and technology and e-commerce.  The group had committed over $10 billion to deleverage and restructure Tata companies, consolidate cross-holdings, acquire strategic assets and infuse capital for future growth. Chandrasekaran is driving his 3S philosophy of simplify, synergise and scale to take the group to new heights.  Simplification includes consolidating entities sharing the same sector into a single vertical and reducing subsidiary or exiting non-core businesses to bring focus and agility. An example of synergy would be Tata Motors leading the effort to develop an Electric Vehicle (EV) ecosystem in partnership with Tata Capital for financing and Tata Power for the charging infrastructure network. The group is largely focusing on home markets, as its strategy of going global has not yielded much returns. [Shailesh Haribhakti, Chairman, Shailesh Haribhakti Associates says, talent freed from separate silos. Enable clearer capital allocation. Chandrasekaran creating template for synergy.  .  Tata's latest ambitious goal is to harness its presence across multiple sectors into a unified offering for consumers through its super app Tata Neu. It'll be interesting to see how the consolidation exercise aids in this goal.

India's economy recently overtook Britain's to be the world's fifth largest, and it's on track to be the fastest growing big economy this year. Part of what's powering that growth is renewed domestic investment by the country's big conglomerates. Could this be the year that India's promise is realised?On this week's episode, hosts Mike Bird, Soumaya Keynes and Alice Fulwood examine what's powering India's growth. First, Natarajan Chandrasekaran, the chairman of India's biggest conglomerate, Tata Sons, explains why the company is investing domestically. Then, our global energy and climate innovation editor Vijay Vaitheeswaran heads to Pune, where he finds that India's green energy transition is well underway. Finally, our Mumbai bureau chief Tom Easton takes a tour of Tamil Nadu, where he sees factories rapidly being built to help power India's domestic manufacturing transition. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalksFor full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

India's economy recently overtook Britain's to be the world's fifth largest, and it's on track to be the fastest growing big economy this year. Part of what's powering that growth is renewed domestic investment by the country's big conglomerates. Could this be the year that India's promise is realised?On this week's episode, hosts Mike Bird, Soumaya Keynes and Alice Fulwood examine what's powering India's growth. First, Natarajan Chandrasekaran, the chairman of India's biggest conglomerate, Tata Sons, explains why the company is investing domestically. Then, our global energy and climate innovation editor Vijay Vaitheeswaran heads to Pune, where he finds that India's green energy transition is well underway. Finally, our Mumbai bureau chief Tom Easton takes a tour of Tamil Nadu, where he sees factories rapidly being built to help power India's domestic manufacturing transition. Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalksFor full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer Hosted on Acast. See acast.com/privacy for more information.

Why do I need to wear a seat belt if I am in the back seat? The question has once again surfaced following the unfortunate demise of former Tata Sons chairman Cyrus Mistry. The accident should serve as a wake-up call. According to the Central Motor Vehicle Rules, those seated in the front seat or occupying front-facing rear seats must wear seat belts. Failure to do so can result in a fine of 1,000 rupees. But, people are either ignorant of this rule or wilfully disobedient. According to an August 2022 Local Circles survey, 70 per cent of Indians don't wear a seatbelt when seated in the car's rear seat. Against this backdrop, Union Minister for Road Transport & Highways, Nitin Gadkari on Tuesday said the Centre would now enforce the rule that all travellers in a car must wear a seat belt. He said a penalty had already been decided for defaulters, regardless of whether they were in the car's front or rear seat. The minister was speaking at a conclave organised by Business Standard. According to Gadkari, the notification for the rear seat belt mandate would be issued in a matter of days. Car makers, too, need to take note. Chances are, you may have even come across cars where the seat belt exists in the rear seat, but you can't locate the buckle to secure it in. That too will change now.   The government will also mandate a feature in all vehicles wherein an alarm will go off if the rear-seat passenger is not wearing a seatbelt. According to reports, the Centre is also planning to ban the manufacture and sale of seat belt clips and alarm stoppers, which act as a workaround to stop the seatbelt warning alarm from going off. Several online retailers sell these little tiny devices that have a seatbelt-locking mechanism that clips into the buckle. But, the belt that actually braces the user is missing. This is doubly dangerous in the event of an accident since the airbags may be inflated, causing even more injury to the occupants. It is the combination of seatbelts and airbags that ensures actual safety. The government has also been trying to make it mandatory for manufacturers to provide at least six airbags in certain vehicles. A draft notification to this effect had been issued in January. It was applicable to category-M1 vehicles manufactured after the first of October 2022. This category essentially includes cars that can seat up to eight passengers. However, more clarity is needed because when asked whether the government would make a minimum of six airbags mandatory from the October deadline, Gadkari's recent response was that the government was “trying”. The problem is that major automakers have been opposing the proposed rule. According to them, the industry's domestic capacity is not adequate for producing six airbags for each vehicle and it will take a significant amount of time to increase capacity. Previously, Union Minister Nitin Gadkari had also said that faulty detailed project reports for national highways have played a big part in eroding road safety. Now, the government has mandated training for all consultants preparing detailed project reports. The recent spate of measures is heartening since India has been crying out for an intervention. After the US and Japan, India ranked third in road accidents with 480,652 cases in 2018. These accidents claimed 150,785 lives, which was more than any other country. These were the findings of a report by the Ministry of Road Transport and Highways and the World Bank. Along with new and proposed safety norms, a combination of behaviour modification and enforcement is the need of the hour. Speaking to Business Standard, Rama Shankar Pandey, Managing Director, Hella India Lighting Ltd says, India has robust road safety regulation roadmap. But, enforcement is lacking. Shift needed from regulate and enforce to assist and alert regime. All stakeholders must create tech-enabled roadmap for the shift. Ravi G Bhatia, President, JATO Dynamics

First, Indian Express' Udit Misra joins host Shashank Bhargava to discuss India overtaking the UK and becoming the fifth largest economy in the world, and why it does not mean what many think it does.Next, Indian Express' Kiran Parashar tells us about the chief pontiff of an influential Lingayat mutt in Karnataka who has been been arrested for sexually abusing two minors.And in the end, Indian Express' Yogesh Naik talks about the car crash that killed Cyrus Mistry, the former head of Tata Sons.

Let's start with J R D Tata and Ratan Tata. The Tatas' business interest was diverse, though Jehangir Ratanji Dadabhoy Tata's love for flying surpassed all else. A rare interview showed JRD telling host Rajiv Mehrotra that his biggest contribution as an industrialist was the creation of Air India. As India celebrates the 75th year of Independence, Tatas have Air India back with them once again. JRD's successor, Ratan Tata, gave automobiles a new direction within the salt-to-software group: from Indica to Jaguar-Land Rover. And, the biggest corporate battle in India Inc played out in 2016 when Cyrus Mistry, then chairman of Tata Sons, was ousted in a boardroom coup overseen by Ratan Tata. Moving on, there's no way to talk about India Inc without delving into the role of the Ambanis. When Dhirubhai Ambani returned from Yemen in the late 1950s to set up a textile mill in India, not many had expected him to re-write the rules of the game. In 1977, Ambani listed his company — Reliance Industries, now India's largest company in revenues. From thereon, Ambani was unstoppable. However, after Ambani died without a will in 2002, his sons fought a bitter legal battle over control of the flagship company. In 2005, the siblings signed a peace agreement. Since then, while Mukesh Ambani-led Reliance Industries has flourished, the businesses held by Anil Ambani went to bankruptcy court. The next big chapter in Reliance Industries is currently being written with Mukesh launching his succession plan at the centre of which is GenNext of the Ambanis: Akash, Isha and Anant. Now, let's take a trip down memory lane. Remember the iconic “Hamara Bajaj” tagline? Well, today, let's remember the industrialist behind it. From putting up a relentless fight against Licence Raj and giving millions of Indians an opportunity to own a two-wheeler to standing up to power, Rahul Bajaj led from the front. “Hamara Bajaj” came to be associated as much with the scooter as with the man riding it. Over the four decades that he helmed Bajaj Auto, he transformed it into a global manufacturing giant. Today, the business empire — comprising Bajaj Auto, Bajaj Finance, Bajaj Finserv, and Bajaj Holdings and Investment — boasts a combined market capitalisation of over 8.4 trillion rupees. Corporate India owes much to the man who never shied away from calling a spade a spade. With his death in February this year, at age 83, India Inc lost a doyen and the curtain fell on an era. Speaking of doyens, the roaring success of India's IT sector brings one name to mind, a business leader who has made an indelible impact on modern India. We are talking of N R Narayana Murthy, who is known as the “father of the Indian IT sector”. He founded Infosys in 1981, which became the first IT company from India to be listed on NASDAQ. It has grown to become a company with a market capitalisation of approximately 104.71 billion dollars. Murthy has received the Legion d'honneur from France, CBE from Britain, and Padma Vibhushan from India. The Economist ranked him among the 10 most admired global business leaders in 2005. Now, let's drive down south to another manufacturing powerhouse. In 1911, T V Sundram Iyengar founded the now multinational conglomerate TVS Group. But the man who's carrying the torch forward is the automobile pioneer's grandson, TVS Motor Company Chairman Venu Srinivasan. Srinivasan is credited with transforming TVS from a 50cc moped maker in the 1980s to the third-largest two-wheeler manufacturer in India, competing with the likes of Hero, Bajaj and Honda. While the company still has a monopoly in mopeds, its range of products extends from e-scooters and gearless scooters to race motorcycles and BMW bikes. Moving on, let's look at how two personalities turned a large family business into a global conglomerate, Aditya Birla Group. While Ghanshyam Das Birla or GD Birla, set up industries in critical sectors such

Tuesday, May 17, 2022 Hauck Auditorium | Hoover Institution, Stanford University The Hoover Institution hosts India's Opportunities in the 2020s on Tuesday, May 17, 2022 from 6:00PM – 7:00PM PT in Hauck Auditorium at the David & Joan Traitel Building at the Hoover Institution. You are cordially invited to a special event marking the launch of the Hoover Institution's new program on Strengthening US-India Relations India's Opportunities in the 2020s A Dialogue between Condoleezza Rice Tad and Dianne Taube Director,  Hoover Institution, and N. Chandrasekaran Chairman, Tata Sons, with questions to follow. SPEAKERS Condoleezza Rice is the Tad and Dianne Taube Director of the Hoover Institution and the Thomas and Barbara Stephenson Senior Fellow on Public Policy. In addition, she is a founding partner of Rice, Hadley, Gates & Manuel LLC, an international strategic consulting firm. Rice served as the sixty-sixth secretary of state of the United States (2005-2009) and as President George W. Bush's national security adviser (2001 to 2005). Natarajan Chandrasekaran is Chairman of the Board at Tata Sons, the holding company and promoter of all Tata Group companies. Chandra joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017. He also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, Air India, Tata Chemicals, Tata Consumer Products, Indian Hotel Company and Tata Consultancy Services (TCS) – of which he was Chief Executive from 2009-17.

Ratan Naval Tata is an Indian industrialist, philanthropist, and a former chairman of Tata Sons. He was the chairman of Tata Group, from 1990 to 2012, and again, as interim chairman, from October 2016 through February 2017, and continues to head its charitable trusts. 

While addressing the 27th annual general meeting of Tata Consultancy Services, Tata Sons chairperson N Chandrasekaran recently warned of a “stagflationary impulse” in the backdrop of the ongoing Russian invasion of Ukraine. However, he said that TCS was well positioned to leverage the demand for digital solutions in the present environment and that the company was engaging in India and across the globe to tap opportunities.  Not everyone in the industry is so sanguine. In late May, Zoho Co-Founder and CEO Sridhar Vembu told a news channel that the prospect of a recession in Europe and the earnings misses by American retail giants like Target and Walmart should have Indian IT services firms worried. Vembu explained that since the IT industry was dependent on the US and European markets, it was very concerning to see recessionary winds. So, what is this exposure like? The US market contributes anywhere between 40 per cent to 78 per cent of the revenues earned by Indian IT companies. Tata Consultancy Services, Infosys, Wipro, HCL Technologies, and Tech Mahindra, which are the top five firms, have more than a 50 per cent exposure to it. On 19th May, JP Morgan downgraded the Indian IT sector to ‘underweight' as it believes that the sector's heydays are over. The report said that rising margin headwinds in the near-term and revenue headwinds in the medium-term due to a potential macro slowdown meant that the sector's earnings upgrade cycle was behind us. At the same time, Kotak Institutional Equities had suggested that the recent correction in the sector had been mostly driven by three factors, which were increase in interest rates, fears of recession in key client geographies, and the risk to margins. The Kotak Institutional Equities note had said that what was priced into stock was risk to margins, but what was not priced in was economic recession. The markets have also reacted. Indian IT stocks have seen a sharp correction in 2022, in part because of worries over the drawn out slowdown in IT spending in the US. In fact, the Nifty IT index has plunged around 25 per cent so far this year. In particular, May turned out to be bad for IT stocks.   Speaking to Business Standard, Omkar Tanksale, Senior Research Analyst, Axis Securities says Indian IT services don't have a problem on the revenue front due to the multi-year contracts they have signed. There has been a correction in the valuations of Indian IT firms. Correction in valuations is likely to continue with the falling markets unless there is stability in macro conditions. Investors should go for value investing instead of investing across the sector. He says, look at companies with higher revenue growth momentum, look at companies that are successful at execution, look at companies that are controlling the attrition rate and maintaining margins and look for stocks that are undervalued compared to peers) On their part, IT companies see the pipeline for digital transformation deals staying strong for several years. Note that these deals have been driving the order books since the Covid-19 pandemic began.  So, is the relatively strong 2022-23 growth guidance put forward by IT companies under threat now? DD Mishra, Sr Director Analyst, Gartner says Indian IT firms don't face US recession challenge in the short to medium term due to their pipeline being full. IT firms are not expressing significant concerns about a possible recession. He says, we need to keep a close watch on how things unfold. As of now we believe that a recession in the US would have a minimal impact on Indian IT firms. It will not significantly impact their guidance and forecast.  Gaurav Vasu, Founder & CEO, UnearthInsight says FY23 H1 will be robust and similar to what was seen last year. FY23 Q3 and Q4 might see some guidance revision by some players for the full year, and FY24 guidance will also see some revision at that time. He says, inflation-led wage-hike pr

Tuesday, May 17, 2022 Hauck Auditorium | Hoover Institution, Stanford University   The Hoover Institution hosts India's Opportunities in the 2020s on Tuesday, May 17, 2022 from 6:00PM – 7:00PM PT in Hauck Auditorium at the David & Joan Traitel Building at the Hoover Institution. You are cordially invited to a special event marking the launch of the Hoover Institution's new program on Strengthening US-India Relations India's Opportunities in the 2020s A Dialogue between Condoleezza Rice Tad and Dianne Taube Director,  Hoover Institution, and N. Chandrasekaran Chairman, Tata Sons, with questions to follow. SPEAKERS  Condoleezza Rice is the Tad and Dianne Taube Director of the Hoover Institution and the Thomas and Barbara Stephenson Senior Fellow on Public Policy. In addition, she is a founding partner of Rice, Hadley, Gates & Manuel LLC, an international strategic consulting firm. Rice served as the sixty-sixth secretary of state of the United States (2005-2009) and as President George W. Bush's national security adviser (2001 to 2005). Natarajan Chandrasekaran is Chairman of the Board at Tata Sons, the holding company and promoter of all Tata Group companies. Chandra joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017. He also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, Air India, Tata Chemicals, Tata Consumer Products, Indian Hotel Company and Tata Consultancy Services (TCS) – of which he was Chief Executive from 2009-17.

Over 100 days and a failed attempt later, the Tatas seems to have finally found another expat to steer the loss-making Air India towards a profitable business. The Tata Group has roped in 50-year-old Campbell Wilson, the CEO of Singapore Airlines' long-haul budget unit Scoot. Singapore Airlines is also Tata's joint venture partner in Vistara.  After their takeover in January, Tatas' first choice to lead Air India was former Turkish Airlines chairman Ilker Ayci. But the choice ran into some trouble back home due to Turkey's strained relations with India. The row ended when Ayci declined to take up the responsibility. “I am delighted to welcome Campbell to Air India. He is an industry veteran having worked in key global market cutting across multiple functions. Further, AI would benefit from his added experience of having built an airline brand in Asia. I look forward to working with him in building a world-class airline.” Meanwhile, Air India Chairman N. Chandrasekaran described Wilson as an industry veteran who had worked in key global markets across many functions. Singapore Airlines Group CEO Goh Choon Phong said that while the group was sad to lose Wilson, he was going to Air India with their “full blessings”. “Air India is at the cusp of an exciting journey to become one of the best airlines, offering world-class products and services with a distinct customer experience that reflects Indian warmth and hospitality,” said Campbell Wilson. Wilson said in a statement that Air India aimed to become one of the best airlines in the world. He said that he was excited to join Air India and Tata colleagues in the mission of realising that ambition. Air India will have to wait at least a month before it hands over the responsibility to Wilson. His last working day at Scoot is June 15 and industry observers do not expect Tatas to face hurdles in obtaining a security clearance from the Union Home Ministry for him. Wilson started off his career as a Management Trainee with Singapore Airlines in 1996 in New Zealand. He then worked for the group in Canada, Hong Kong and Japan before returning to Singapore in 2011 as the founding CEO of Scoot, which he led until 2016. He then served as the Senior Vice President, Sales & Marketing, of Singapore Airlines, where he worked on pricing, distribution, e-commerce, merchandising, brand & marketing, global sales and the airline's overseas offices, before returning for a second stint as the CEO of Scoot in April 2020. By then Scoot had merged with the group's short-haul low-cost airline Tigerair. Scoot has a major presence in India and so does Singapore Airlines.  The incoming CEO will also have to work towards paring Air India's debt of Rs 15,300 crore, refurbishing its fleet, improving service quality and rationalising its routes.  What would be his immediate challenges at Air India? Talking to Business Standard, Ajay Awtaney, Founder and Editor, Live From A Lounge says, the

The transition was smooth. And the mood reflected in the visuals too, when a beaming and relaxed Tata Sons chairman Natarajan Chandrasekaran met Prime Minister Narendra Modi in a glossy green lawn, just before the takeover. Sitting on antique cane chairs across a round glass table on the bright winter afternoon of January 27, both the leaders are likely to have discussed the future of the airline. Everything went according to the plans, barring a small departure. Tata's love for expatriate CEOs, which is almost as old as the group itself, gave it a little trouble this time. Its decision to select Mehmet Ilker Ayci -- the former chairman of Turkish Airlines – raised eyebrows in several quarters back home. Ayci's previous political links with Turkish President Recep Tayyip Erdoğan led to a row. Erdoğan is considered to be a Pakistan ally. Ayci put an end to the controversy by declining the offer. Last Monday, Tata Sons approved the appointment of Chandrasekaran as chairman of Air India. With this, Air India, under the Tata Group, has taken off on several new notes. The first big development was the appointment of Chandrasekaran at the helm of the airline. Chandrasekaran or Chandra, as he's popularly known, would also be the accountable manager of the airline. Regulatory requirements say that CEO, COO or managing director should be the accountable manager Sources told that Chandra's appointment as chairman of Air India is linked to this very requirement of a senior level executive being named the accountable manager of Air India. Not only that. Chandra leading the airline, till a CEO is found, also gives confidence to the employees. The accountable manager has corporate authority for ensuring that all tasks of the airline are financed and carried out to the standard required by stipulated law. In other words, the buck stops at the accountable manager's position. Even as the hunt for Air India's CEO is on, Chandra has his hands full. International travel is resuming from March 27, which means that Air India will again face stiff competition from foreign airlines on the international front-- something which it was insulated against for the past two years under Air Bubble arrangements. While Air India firms up its much needed strategic turnaround plans, the new composition of the airline's board is a sign of things to come. This is how it looks now. While Chandrasekaran is the chairman, Sanjiv Mehta, CMD of FMCG giant Hindustan Unilever and Alice Vaidyan, former chairman and managing director of General Insurance Corporation of India have been inducted as non-executive independent directors. Air India's four functional directors- finance, commercial, operational and human resource have also been retained as of now. There have been efforts to give the Air India board a corporate makeover earlier too. But the recent changes may give wings to the airline like never before.   Watch video

Online food-delivery platform Zomato is set to take over Blinkit -- which had pioneered the 10-minute grocery delivery as Grofers. And it looks like a win-win deal for both. It marks Zomato's foray into e-grocery space, where its rival Swiggy is already there. And the pact will also give a leg up to Blinkit which is struggling to raise funds and has shuttered over 50 warehouses recently and laid off hundreds of employees.  Meanwhile, there is another acquisition which is in the news for a while now. The takeover of Air India by Tata group. The airline is now in the midst of an overhaul. Last week, Natarajan Chandrasekaran was appointed its chairman, about a fortnight after former Turkish Airlines chairman Ilker Ayci declined to be CEO over a row on his political links. Even if the appointment of Chandrasekaran -- who is already heading the mighty Tata Sons -- is a stopgap arrangement, it will give the airline a leg up ahead of resumption of international flights later this week. So, how his on-boarding and that of some other independent directors will help the airline? After the skies, let us see what is happening on Dalal Street. Markets staged a strong rebound last week, buoyed by a rally in global equities and a dip in commodity prices. The week also saw the US Federal Reserve raising interest rates after a gap of four years. This week, investors will watch out global macros as the UK is slated to release their retail inflation data on March 23. US President Biden is also expected to meet European leaders at the NATO conference on March 24 to discuss ways of punishing Russia.  Not just the markets, but the dissemination of correct information has also suffered in the ongoing Russia-Ukraine war. Both sides have been using manipulated media to further their interests. Recently, deep-fake videos of presidents of both sides hit social media. In one video, Russian President Vladimir Putin was purportedly seen declaring peace. While in the older one, the Ukrainian president was talking of surrendering to Russia. But this is not something new. Let's understand what deepfake is and more in this episode of the podcast. Watch video

Welcome to India Reset - A Financial Express podcast with focus this time on the ESG Imperative, where we have Dr Mukund Rajan in conversation with Ms Naina Lal Kidwai.Mukund Rajan is the Chairman of ECube Investment Advisors, a first of its kind platform created in 2019 to catalyse Environment, Social and Governance (ESG) changes in Corporate India. Prior to this, he held a number of senior executive positions through his 23-year career with the Tata Group, where he served as the first Brand Custodian of the Tata Group, Chief Ethics Officer, Chairman of the Tata Global Sustainability Council, and Member of the Group Executive Council at Tata Sons. Dr Rajan's third book, “OUTLAST – How ESG Can Benefit Your Business”, co-authored with Dr Colonel Rajeev Kumar, has just been published by HarperCollins.”In today's episode Dr. Rajan talks to Ms Naina Lal Kidwai, Chair, India Sanitation Coalition and former president, FICCI.This is part of the FE Boardroom event and in future we'll be bringing you more on this series of conversations about ThE ESG Imperative hosted by Dr. Mukund Rajan. You can soon listen to this podcast on the Financial Express website and app as well as everywhere you listen to your podcasts.

The long-awaited process of the Government relinquishing ownership of Air India has finally come to an end. The Government has declared that Tata Sons, India's oldest and largest corporation, will be the new owner of the country's debt-ridden national airline Air India. The conglomerate has had a roller coaster ride in Indian civil aviation history, from the first airmail service flight from Karachi to Bombay in October 1932 with JRD piloting a Puss Moth aircraft to Ratan Tata wresting control of Air India 89 years later. Governments have sought unsuccessfully to sell the money-losing airline throughout the years. According to Tuhin Kanta Pandey, secretary of the Government's Department of Investment and Public Asset Management, Tata Sons presented the winning bid of 180 billion rupees (US$2.4 billion) as the enterprise value of Air India. Continue Reading on Procommun.com