MUMBAI: Tata Sons, the holding company of the $150-billion Tata Group, will have to be ready for a stock market listing by September 2025 with the RBI classifying it as an ‘upper-layer’ NBFC, which requires greater regulatory compliance.If Tata Sons gets listed, it will be a windfall for its shareholders, including Tata Trusts, headed by…
NEW DELHI: The Centre on Friday appointed IRS officer Rahul Navin as in-charge director of Enforcement Directorate (ED).A batch 1993 officer, Navin will hold the position of ED chief until the appointment of a full-time director or further orders, the ministry of finance said in its order.As per the direction of the Supreme Court, the…
Representative image Global luxury brands such as Gucci, Cartier, and Louis Vuitton, among others, have signed leases for retail spaces in a new Mumbai mall developed by Asia’s richest Mukesh Ambani, as the brands and Reliance Industries look to tap lucrative prospects presented by India’s robust economic growth and the swift increase in the number…
BENGALURU: New research led by a University of Hawai‘i at Mānoa (UH Mānoa) planetary scientist, Shuai Li, has led to a discovery that may help explain the origin of the water ice previously discovered in the lunar permanently shaded regions. The researchers analysed remote sensing data collected by Chandrayaan-1’s Moon Mineralogy Mapper instrument.University of Hawai‘i…
NEW DELHI: A soldier has gone missing amid the ongoing encounter between security forces and terrorists in Jammu & Kashmir’s Anantnag district.The encounter began on Wednesday evening after a combined force of the Army & Jammu & Kashmir police launched an operation to hunt down terrorists in the forests surrounding Gadool village of Anantnag’s Kokernag…
CHENNAI: The Income Tax Appellate Tribunal – Chennai bench on Wednesday ordered that a Rs 19,000-crore share buyback undertaken by technology major Cognizant in 2017-18 attracts dividend distribution tax of Rs 4,853 crore. The ITAT‘s ruling dismissed an appeal filed by Cognizant. Cognizant conducted a share buyback through a scheme approved by the Madras high…
