Noel’s son, Neville, joins flagship Tata Trust board

MUMBAI: Tata Trusts, which controls India’s largest conglomerate, $180-bn Tata Group, has inducted chairman Noel Tata’s son, Neville Tata (33), to the board of its flagship Sir Dorabji Tata Trust (SDTT). Speculation over Neville’s entry into the Trusts’ main entity had been building since Mehli Mistry’s exit last month. With Neville’s induction, three Tata family…

Read More

Shutdown impact: US reels from lost paychecks, canceled flights, and stalled contracts; will the US economy rebound or slip deeper into slowdown?

The longest federal government shutdown in US history may be nearing its end, but economists say it has already left deep scars on an economy struggling with slow growth, inflation, and uncertainty. With 1.25 million federal workers unpaid since October 1 and thousands of flights canceled, the economic fallout is being felt nationwide — from…

Read More

Clean energy push: Tata Power to buy 40% stake for Rs 1,572 crore in Bhutan hydro SPV; move to boost regional green footprint

Tata Power on Tuesday announced plans to invest Rs 1,572 crore to acquire a 40 per cent equity stake in a special purpose vehicle (SPV) that will develop the 1,125 MW Dorjilung hydropower project in Bhutan, marking a key step in its green energy expansion strategy, PTI reported.According to a regulatory filing, the acquisition-to be…

Read More

India & Vietnam to step up defence cooperation

NEW DELHI: India and Vietnam have decided to further expand and deepen their defence cooperation, including in important emerging areas like cybersecurity and real-time exchange of information, even as they inked a MoU on submarine search and rescue collaboration.The Defence Policy Dialogue, co-chaired by defence secretary Rajesh Kumar Singh and Vietnam’s deputy minister of national…

Read More

Tax notice alert! Buying land above Rs 30 lakh? Here’s why you may come under Income Tax Department scrutiny and how to avoid it

A new property purchase can feel like a proud milestone — until a letter from the Income Tax Department lands in your inbox asking where your money came from. Experts say that such notices are becoming increasingly common as tax authorities use advanced data analytics to verify whether property buyers’ declared income matches their level…

Read More