Noel Tata Will Be The New Chairman of Tata Trusts
After seven years of conflict, the Shapoorji Pallonji Group and Tata Group may work towards resolving their bitter corporate dispute after Noel Tata, known for a non-confrontational leadership style, takes charge of Tata Trust. According to some industrial sources, both parties may soon have a preliminary meeting. SP Group is Tata Sons’ largest minority shareholder,…
Himanshu
Reliance Fires Back On TRAI’s Allocation DecisionÂ
According to the letter seen by Reuters, Reliance opposed the TRAI decision to allocate the home satellite broadband spectrum, a market that is poised to grow at a pace of 36% a year to reach $1.9 billion by 2030. The letter mentioned that the company argues that the regulator has wrongly concluded that the broadband…
Bhumika
RBI Approves Ex-CEO Of IOB To Lead Bandhan Bank
The Central Bank of India approved Partha Pratim Sengupta as the CEO and managing director of Bandhan Bank on Thursday, October 10, 2024. Partha has been working in the banking industry for more than four decades and has held leadership positions at the country’s largest state owned bank, SBI. Moreover, according to Reuters, Sengupta served…
ABHYUDAYA MITTAL
Ratan Tata’s Demise Shakes India’s Self-Reliance Vision
Ratan Tata, one of India’s leading business tycoons and industrialists, died on Wednesday at the age of 86 after a prolonged illness. He led the TATA group for 21 consecutive years from 1991-2012, the same period when the Tata conglomerate grew into a multinational giant. On Ratan Tata’s death, his family in a statement mentioned,…
Shipra Prajapati
Manish Tiwary to Join Nestle India as Managing DirectorÂ
Nestle, a Swiss multinational food and drink company, has named Minish Tiwary its new leader to oversee India operations. Manish has a long leadership experience, having enlightened two giants with his expertise, Amazon India and Hindustan Unilever. The Swiss Parent of Swiss recommended that Manish replace Suresh Narayana when he retires as Managing Director. Narayan…
Ola Electronics Receives Regulatory Notice
The Central Consumer Protection Authority (CCPA) issued a notice to Bangalore-based electronic manufacturer Ola on October 3, considering a bundle of consumer complaints regarding service issues. The notice suggested that the electronic scooter company had breached multiple Consumer Protection Act 2019 provisions, including deficiencies, misleading advertisements, unfair trade practices, and consumer rights violations. The National…
Gaming Giants Make Eye-Catching Strategic Move into Indian Market
Flutter Entertainment recently made a major move in India by launching its new Global Capability Centre in Hyderabad. The iGaming powerhouse invested a whopping $3.5 million into the project, which clearly shows their belief in India’s growing technology market and the country’s skilled workforce. The new centre is located in RMZ Spire at Knowledge City,…
John David
Zomato Offering Generous ESOP To Its EmployeesÂ
Popular food delivery brand Zomato has granted nearly 12 million stock options under its employee stock option plan (ESOP). In an official filing, the company stated that 11,997,768 stock options had been secured for the employees under its ESOP 2014 and ESOP 2021 schemes. The stock options are estimated to be worth around Rs. 330…
Vipin
Adani, Google Join to Power India’s Clean Energy Future
Adani Group and Google collaborated to advance the companies’ joint sustainability objectives and contribute to the growth of clean energy in India. Through the collaboration, Adani will be able to provide clean energy from a brand-new solar-wind hybrid project in Khavda, Gujarat, the site of the largest renewable energy plant in the world. According to…
Anil Ambani To Invest In Solar & Hydropower ProjectsÂ
The Indian business tycoon and the managing director of Reliance Group, Anil Ambani, has taken a bold move. He has announced a significant investment in Bhutan to plant 1270 megawatts of solar and hydroelectric power projects, which could entail investments of up to $1 billion.  Reliance Enterprises has partnered with Bhutan’s Druk Holding and Investments…
