MUMBAI: Days after filing a caveat before the Maharashtra charity commissioner, seeking a hearing before being ousted as a Tata Trusts trustee, Mehli Mistry said on Tuesday that he wished to “part ways” with the public charities, noting that “precipitating matters would cause irreparable harm to the reputation of Tata Trusts”.Mistry’s decision effectively de-escalates tensions…
MUMBAI: Dalal Street on Tuesday was witness to a fight for investors’ money in two high-profile IPOs, together aiming to raise nearly Rs 14,000 crore. It was the last day of bidding for the Rs 7,278-crore Lenskart IPO and the opening day for the Rs 6,632-crore Billionbrains Garage Ventures (Groww) IPO. Despite huge social media…
NEW DELHI: Digital Communications Commission (DCC)’s “suggestion” to the Telecom Regulatory Authority of India (Trai) for seeking “clarifications” from the department of telecom (DoT) before releasing recommendations on various issues has stirred a controversy with some officials in the agency seeing it as govt intrusion into regulatory turf.On Oct 30, DCC, the inter-ministerial body for…
Paytm brand owner One 97 Communications reported its second consecutive quarterly profit, posting a Rs 211 crore profit after tax (PAT) in the September 2025 quarter, alongside a 24% year-on-year revenue rise to Rs 2,061 crore, PTI reported.The company said growth was led by its payments and financial services businesses, reflecting continued improvement in operating…
A sharp slowdown in its biggest market has pushed Yum Brands to review its ownership of Pizza Hut, signalling the fast-food giant may be open to selling the struggling pizza chain, AP reported.Chief Executive Officer Chris Turner said the company has begun a formal review of strategic options for Pizza Hut, which remains profitable in…
Commerce and Industry Minister Piyush Goyal is visiting New Zealand to review the progress of negotiations on the proposed Free Trade Agreement (FTA), signalling renewed momentum in bilateral trade talks.Goyal will meet New Zealand’s Trade Minister Todd McClay in Auckland on November 5 to discuss ways to accelerate the ongoing FTA discussions, the commerce ministry…
India is on course to become the world’s third-largest economy soon, Finance Minister Nirmala Sitharaman said on Tuesday, highlighting the country’s rapid economic transformation, fiscal discipline, and resilience amid global uncertainty.Addressing students at the Delhi School of Economics, Sitharaman said India’s steady climb from the world’s tenth-largest economy in 2014 to the fifth today demonstrates…
Wall Street pointed to a weaker open on Tuesday as technology stocks that fuelled early-week gains retreated, with investors scaling back expectations of another Federal Reserve rate cut this year amid persistent inflation concerns.Futures for the S&P 500 slipped 1%, while those for the Dow Jones Industrial Average were down 0.6%. Nasdaq futures fell the…
Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…
Norway’s sovereign wealth fund, one of the largest investors in Tesla, has said it will vote against CEO Elon Musk’s proposed compensation package that could be worth up to $1 trillion over the next decade. The announcement comes ahead of Tesla’s annual shareholder meeting on Thursday, where the plan has become the most divisive agenda…
