MUMBAI: The boards of Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which were bequeathed the late industrialist’s shares in Tata companies, are set for restructuring. The three siblings of Ratan Tata – his half-sisters Shireen and Deanne Jejeebhoy and his half-brother Noel Tata – are preparing to join as trustees, indicating…
China retaliated against tariffs from the United States on Tuesday with a series of measures that took aim at American companies. Along with imposing tariffs and import restrictions, the country said, it had launched an antitrust investigation into Google. The announcement of the investigation was vague — just one line on a Chinese agency’s website….
During intense questioning Thursday by members of the Senate health committee about his plan to keep a financial stake in major vaccine litigation, Robert F. Kennedy Jr. said that he would give away his rights to fees that might flow from it. It appears to be a reversal from the details of the government ethics…
Lawmakers quizzed Robert F. Kennedy Jr. Wednesday during a Senate Finance hearing about his decision to keep a financial stake in litigation against a major vaccine maker. Ethics records released in advance of the hearing said that Mr. Kennedy planned to receive fees on cases with the personal injury law firm Wisner Baum. Mr. Kennedy…
Nazara Technologies announced on Monday its plans to secure Rs 495 crore through a 5.4% stake sale to Axana Estates, an entity established by the company’s current investors. The entity was formed by Arpit Khandelwal, who founded Plutus Wealth Management, and Mithun Sacheti, the co-founder of CaratLane. The funding, aimed to support Nazara’s strategic acquisitions…
Elon Musk was sued on Tuesday by the US Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought. In a complaint filed in Washington, DC federal court, the SEC said Musk…
MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.5% of their share capital.RBI, through letters dated Jan 3, granted approval to HDFC Bank, as the promoter…
NEW DELHI: Adani group on Monday announced its complete exit from the FMCG joint venture Adani Wilmar, selling its entire stake to Singapore-based partner Wilmar International and through the open market, with total proceeds expected to surpass $2 billion.Adani Enterprises Ltd, which owned a 43.94% stake in Adani Wilmar Ltd, has announced plans to sell…
NEW DELHI: The Supreme Court on Friday raised concerns about the health and safety of farmer leader Jagjit Singh Dallewal, who has been on an indefinite hunger strike. The apex court directed the Punjab government to take necessary steps to provide him with medical assistance. A vacation bench comprising Justice Surya Kant and Justice Sudhanshu…
Foxconn, the Taiwan-based manufacturer of iPhones, is putting its interest in pursuing Nissan Motor on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor, according to a person familiar with the matter.The decision to pause comes after Foxconn sent a delegation to meet with Renault – which owns 36%…