Tata trusts governance Rift provokes government discussions; Experts call for resolution and internal reform
Leading governance and legal experts say the current tension within Tata’s trusts must be resolved quickly and internally to prevent any long-term impact on Tata’s sons or its listed companies. According to sources, Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met Tata Trusts Chairman Noel Tata, Tata Sons Chairman N. Chandrasekaran and directors Darius Khambatta and Venu Srinivasan amid growing differences within the trusts. Four directors are said to have challenged Noel Tata’s leadership, operating as a “super board” within the trusts.
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Nifty Snaps 4-Day Rally Amid Profit Booking, Ends Above Key 25,000 Level
Equity benchmarks retreated on Wednesday, ending a four-day winning streak as investors booked profits at high levels, with broader markets underperforming large-cap indexes. Nifty Bank fell 221 points to 56,018, and the Nifty Midcap 100 index slipped 423 points to 57,867. Market breadth leaned negative, with the NSE Advance-Decline ratio at 2:3.
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Gold prices break all records, cross 1.22 lakh per 10 grams on MCX
Domestic gold prices touched an all-time high on Wednesday, October 8, crossing the mark of 1.22 lakh per 10 grams on the Multi Commodity Exchange (MCX). The rally was driven by a mix of global uncertainty, a weakening dollar and growing market expectations of impending interest rate cuts in the United States.
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Tata Capital IPO: India’s biggest issue in 2025 is fully subscribed
Tata Capital Ltd.’s initial public offering was fully subscribed on the third and last day of its subscription on Wednesday October 8. Of the 33.34 crore shares on offer, investors have submitted 50.09 crore shares, so far. The portion reserved for retail investors is 96% subscribed so far, offerings with 15.89 crore shares, against the 16.61 crore shares allocated to them. Retail investors could bid for a lot of 46 stocks with a minimum investment of ₹14,996 and then bid in multiples thereafter.
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UK PM Keir Starmer rules out India visa deal before meeting PM Modi
UK Prime Minister Keir Starmer has said the UK will not pursue a visa deal with India ahead of his meeting with Prime Minister Narendra Modi on October 9. Starmer arrived in Mumbai on Wednesday October 8 with a trade delegation. “That’s not part of the plans,” he told reporters en route to India when asked about visas, adding that the visit was “to take advantage of the free trade agreement that we already have.”
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AI terminals, lotus design and more: 10 things that make Navi Mumbai International Airport special
Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport (NMIA) on Wednesday, October 8, making Mumbai one of the few cities in the world with multiple airports, alongside London, New York and Tokyo. The state-of-the-art airport is expected to begin commercial operations in December and promises to be a game-changer for India’s aviation landscape.
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Who is Sergio Gor? Youngest US ambassador to India
Sergio Gor is the youngest US ambassador to India. Gor, 38, was among 107 nominees confirmed by the Senate in a single bloc vote Tuesday (October 7). In the final count, 51 senators voted in favor and 47 against Gor. The confirmations came despite the current US government shutdown.
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Ed raids 17 sites in luxury car smuggling via Bhutan, Nepal; actors Prithviraj, Dulquer among searches
The Enforcement Directorate (ED) has launched a major probe into the alleged smuggling and illegal registration of luxury cars that were being transported from India to Nepal and Bhutan. Acting on intelligence inputs, the agency carried out a large-scale search operation on October 8 in connection with the racket involving cross-border smuggling and foreign exchange violations via Indo-Bhutan and Indo-Nepal routes.
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