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Tata Sons, the holding company of the Tata conglomerate, announced on July 18 that the trust set up for assistance to and welfare of the families of the recent Air India plane crash victims has been formalised and its registration completed. The public charitable trust will be known as 'The AI-171 Memorial and Welfare Trust'. Tata Sons and Tata Trusts have jointly pledged a contribution of Rs 500 crore for the purpose, with each committing Rs 250 crore. Funding for the Trust will commence once ...Read More >
New Delhi, Jul 18 (PTI) Tata Group on Friday announced setting up a Rs 500-crore trust - The AI-171 Memorial and Welfare Trust - for the victims of the Air India plane crash that killed 260 people in Ahmedabad last month. Tata Sons and Tata Trusts have committed Rs 250 crore each to the Trust, which has been registered as a public charitable trust in Mumbai. "The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, a ...Read More >
Mumbai (Maharashtra) [India], July 15: MIRC Electronics Limited (NSE Code: MIRCELECTR, BSE Code: 500279), renowned for its legacy in electronics and home appliances, opens its Rights Issue on Monday, July 14, 2025, aiming to raise ₹ 49.49Crore. Also Read | Mumbai's Matcha Parties: Dive Into the Micro Events Sparking Excitement!. The issue size is 4,94,89,847 equity shares at a face value of ₹1 each with an Issue Price of ₹ 10 Per Share. Rights Issue details: Also Read | Will Banks Be Cl ...Read More >
Coca-Cola's bottling company Hindustan Coca-Cola Beverages (HCCB) has announced Hemant Rupani, former president, Mondelez South East Asia, as its India CEO. Rupani will succeed outgoing chief Juan Pablo Rodriguez. The changes are effective September 8. "Hemant comes to HCCB after a nine-year career with Mondelez International Inc. He will succeed current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system," Coca-Cola said in a statement. In his role at Mo ...Read More >
Srinagar (Jammu and Kashmir) [India], July 15 (ANI): The Jammu and Kashmir Students Association (JKSA) on Tuesday wrote to Karnataka Chief Minister Siddaramaiah, seeking his immediate intervention in an incident of alleged religious discrimination faced by Kashmiri female students at a nursing college in Bengaluru. The students, who wear the hijab or burkha in accordance with their religious beliefs, have reportedly been barred from attending classes and threatened with expulsion by the managem ...Read More >
Bangalore (Karnataka) [India], July 15: The Coca-Cola Company announced today that Hemant Rupani, a veteran business leader with experience across several companies and industries, will join Bangalore-based bottler Hindustan Coca-Cola Beverages Pvt. Ltd. as CEO, effective Sept. 8. Also Read | Jorge Jesus Opens Up on Becoming Al-Nassr Head Coach, Says 'Without Cristiano Ronaldo's Invitation; I Wouldn't Be Here'. Hemant comes to Hindustan Coca-Cola Beverages, or HCCB, after a nine-year career wi ...Read More >
Guwahati (Assam) [India], July 14 (ANI): A total of 2093 students of the Indian Institute of Technology Guwahati received their degrees in various disciplines on Sunday during the 27th convocation ceremony. The event marked the graduation of 22 students from the inaugural B.Tech batch of the Mehta School of Data Science and Artificial Intelligence. Also Read | Bihar Assembly Elections 2025: Prashant Kishor Slams Nitish Kumar Govt Over Election Commission Claims of Foreign Nationals in Voter Li ...Read More >
New Delhi, Jul 11 (PTI) Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company's business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per cent of the total fundraise, while the remaining amount will be infused by The Hindustan Times Ltd, investors Ashish Dhawan, ...Read More >
New Delhi, Jul 11 (PTI) Religare Enterprises on Friday said its board has approved a proposal to raise Rs 1,500 crore through the preferential allotment of warrants to support the company's business expansion plans and drive new strategic initiatives. Of this amount, entities linked to the Burman family, owners of Dabur, will contribute Rs 750 crore, accounting for 50 per cent of the total fundraise, while the remaining amount will be infused by The Hindustan Times Ltd, investors Ashish Dhawan, ...Read More >
Mumbai: Tata Sons chairman N Chandrasekaran briefed the board of Tata Trusts about the conglomerate's performance and plans in a closed-door meeting at Bombay House on Tuesday, in what long-time group watchers said was a notable departure from precedent. Present at the meeting were Noel Tata, Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh and Jehangir C Jehangir. The move to update the entire board of trustees had been initiated by the chairman, people aware of the ...Read More >
Mumbai, Jul 9 (PTI) Financial technology company GACM Technology (GATECH) on Wednesday said its board has approved a proposal to raise up to Rs 200 crore through the qualified institutional placement route. The board "at its meeting held on Wednesday, July 9, 2025, approved raising of funds by way of Qualified Institutions Placement (QIP) for an aggregate amount not exceeding Rs 200 crore," the company said in a regulatory filing. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for ...Read More >
New Delhi: India Friday called for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. "This meeting takes place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal constraints in several economies, climate transition issues and evolving geopolitical dynamics," finance minister Nirmala Sitharaman said in her openin ...Read More >
Nestle India Ltd. announced the issue of bonus shares through an exchange filing on Friday, with shareholders owning each equity share of face value Re 1 to receive a bonus share of the same face value. The decision was made during a meeting of the company's board of directors held on Friday. The bonus shares will be issued by capitalising free reserves and accumulated surplus. The record date for determining the eligibility of shareholders to receive the bonus shares will be announced separat ...Read More >
New Delhi, July 3 (PTI) Reliance Retail is transferring its consumer goods business to a new entity, New Reliance Consumer Products Ltd (New RCPL), under its internal restructuring of the business. According to the scheme filed before the NCLT, Reliance is transfering and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to a new entity named New Reliance Consumer Products Ltd (New RCPL). The Mumbai bench of the National Company Law Tribunal (NCLT) on June 25 asked to convene a m ...Read More >
Mumbai: Days after resigning from his post as the G20 Sherpa, retired Indian Administrative Service (IAS) officer Amitabh Kant joined IndiGo as a non-executive director. The airline with the largest market share in India will aim to benefit from Kant's rich administrative experience on national and global level. On Thursday, IndiGo announced the appointment of Kant, a 1980-batch IAS officer of Kerala cadre, as a aon-executive director on the board of directors of InterGlobe Aviation Ltd. He had ...Read More >
Jammu : The Indian Institute of Management (IIM) Jammu stands at a luminous crossroads in its journey -- one defined by ambition, perseverance, and a resounding affirmation of its rising stature. In what can only be described as a golden chapter in the Institute's evolution, IIM Jammu has accomplished a feat few in the nation can claim: the rare distinction of securing not one, but two of the most coveted international accreditations -- BGA and EFMD Accreditation for MBA program -- within a sing ...Read More >
New Delhi: Bollywood powerhouse and global icon Deepika Padukone is making India proud yet again. The actress has officially been named one of the honourees for the Hollywood Walk of Fame Class of 2026. The announcement was made via a livestream by the Hollywood Chamber of Commerce from Ovation Hollywood on July 3. Joining an illustrious list of global entertainers, Deepika is now in the same league as Emily Blunt, Timothée Chalamet, Rami Malek, Rachel McAdams, Stanley Tucci, and Demi Moore -- ...Read More >
New Delhi, Jul 2 (PTI) State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and report the name of its erstwhile director Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications, in a regulatory filing, said it has received a letter dated June 23, 2025, from State Bank of India (SBI) to this ...Read More >
Mumbai: Apollo Hospitals Enterprises (AHEL), the country's largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24x7 telehealth business) into a new entity that garners nearly $2 billion in annual revenues - already a record for India's fragmented drug-retailing industry. The business will be separately listed later. The composite scheme creates a formidable omnichannel pharmacy distribution and digit ...Read More >
JAMMU: The Indian Institute of Management (IIM) Jammu has etched its name in the annals of Indian higher education by securing two of the most prestigious international accreditations-BGA (Business Graduates Association) and EFMD Programme Accreditation for its flagship MBA program-within the same year. This remarkable feat establishes IIM Jammu as one of only five IIMs among the 21 IIMs across the country to hold both accreditations and the only second- and third-generation IIM to do so, marki ...Read More >
New Delhi: Indian Oil had declared a dividend in its Q4 results for the financial year 2024-25, which was announced earlier in April. Indian Oil, a Maharatna company and a key constituent of the BSE 100 index, holds a market capitalization of Rs 2,06,452.51 crore as of June 26, 2025, according to BSE data. In an exchange filing made earlier in April, Indian Oil's board of directors declared a final dividend of 30 percent for the year 2024-25, which translates to Rs 3 per equity share of Rs 10 f ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were act ...Read More >
MUMBAI: The main owner of Air India, following the devastating flight 171 crash that became the most severe aviation disaster in a decade, will set up a welfare trust for affected families. Tata Sons, which owns about 74% of Air India, intends to allocate Rs 500 crore to the foundation, to be called AI171 Trust.Sources indicate that Tata Trusts, the largest shareholder of Tata Sons, is expected to contribute an equivalent sum. The crash claimed over 250 lives, with 241 passengers on board and 19 ...Read More >
New Delhi [India], June 26 (ANI): In a milestone for cancer care in India, President Droupadi Murmu, formally inaugurated the Sri Ganga Ram Hospital (SGRH) Cancer Care Centre and interacted with cancer patients on Thursday. According to an official release, the Sri Ganga Ram Hospital is a cutting-edge facility dedicated to providing comprehensive care to cancer patients. The President ceremonially visited the premises, acknowledging the hospital's pivotal role in delivering ethical and afforda ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, ...Read More >
NEW DELHI: Last week, President Donald Trump announced that he had fired the head of the National Portrait Gallery in Washington. "Upon the request and recommendation of many people, I am hereby terminating the employment of Kim Sajet as Director of the National Portrait Gallery," Trump wrote in a post on Truth Social. "She is a highly partisan person, and a strong supporter of DEI, which is totally inappropriate for her position. Her replacement will be named shortly." There is no reason to d ...Read More >
New Delhi: TVS Motor Company Thursday announced the appointment of Sudarshan Venu as chairman with effect from August 25, 2025. "The board of directors unanimously named Sudarshan Venu as incoming chairman, in recognition of his exemplary contributions to the company's sustained growth and strategic development during his tenure as director. Effective August 25, 2025, Sudarshan Venu will be appointed as chairman and managing director", the company said in a statement. Its current chairman, Si ...Read More >
New Delhi: Pfizer Ltd has reported an 85 per cent jump in net profit at Rs 330.94 crore in the fourth quarter ended March 2025, boosted by a gain in exceptional item from completion of asset sale and transfer. The company had posted a net profit of Rs 178.86 crore in the corresponding quarter of preceding fiscal, Pfizer Ltd said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 591.91 crore as against Rs 546.63 crore in the year-ago period, it added. Tota ...Read More >
NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group, has reported net consolidated loss after tax of Rs 22.47 crore during the quarter ended December 31, 2024. It had registered profit after tax of Rs 50.02 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 185.77 crore in Q3 FY25, a growth of 109.27 per cent from Rs 88.77 c ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in I ...Read More >
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