The prolonged underperformance of Tata Consultancy Services (TCS) has further weakened its dominance within the Tata Group ecosystem. Following another sharp decline of nearly 32% since the start of the year, the country’s largest IT company now accounts for less than one-third of the group’s total valuation. The Tata Group’s combined market capitalisation currently stands…
Former Tata Trusts trustee Mehli Mistry has approached the Maharashtra charity commissioner, challenging the decision not to renew his tenure as a trustee of the Sir Ratan Tata Trust (SRTT) in late 2025, while making a series of allegations relating to governance, conflicts of interest and decision-making within the philanthropic institution. In a detailed objection…
Defence Minister Rajnath Singh has approved the establishment of a 250 MW solar power project with an integrated Battery Energy Storage System (BESS) at Sitapur in Uttar Pradesh, marking the Ministry of Defence’s first large-scale renewable energy project to be developed on defence land. The project will come up on around 850 acres of vacant…
Indian benchmark indices are expected to remain cautiously positive on Wednesday, June 10 After snapping a two-day losing streak on Tuesday, Indian benchmark indices are expected to remain cautiously positive on Wednesday, June 10, with analysts pointing to improving momentum in banking and financial stocks while warning that key resistance levels must be crossed for…
Bharti Airtel Ltd has received separate regulatory communications from the Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI), resulting in a penalty of ₹6.67 lakh and a financial disincentive of ₹37.12 lakh, respectively, according to an exchange filing by the company. The telecom operator said the DoT’s Andhra Pradesh Licensed Service…
KNR Constructions Ltd has received a Letter of Acceptance (LoA) from the Malkajgiri Municipal Corporation in Hyderabad for a flyover project worth ₹235.07 crore, strengthening its order pipeline in Telangana. The project involves the construction of a six-lane bi-directional flyover crossing TKR College Junction, Gayatri Nagar Junction and Mandamallamma Junction under the Engineering, Procurement and…
JSW Infrastructure Ltd has emerged as the successful bidder for the integrated development of container berths at the Kolkata Dock System. The company said it has received a Letter of Award from the Syama Prasad Mookerjee Port Authority (SMPA) for the development of the Outer Container Terminal comprising two berths and five berths at Netaji…
Domestic institutional investors (DIIs) remained strong buyers of Indian equities on Tuesday, pumping a net ₹6,159.48 crore into the market, while foreign institutional investors (FIIs) continued to trim holdings with net sales of ₹4,566.03 crore, according to provisional exchange data. Exchange data showed DIIs purchased shares worth ₹17,664.98 crore and sold equities worth ₹11,505.50 crore…
Oman India Joint Investment Fund II (OIJIF II), a private equity investment firm promoted by the sovereign wealth fund of the Sultanate of Oman and State Bank of India, sold a 3.65% stake in Capital Small Finance Bank through a block deal on the National Stock Exchange on Tuesday. The fund offloaded 1.36 million shares…
Welspun Corp Ltd said on Tuesday, June 9, its wholly owned subsidiary, Welspun Mauritius Holdings Ltd (WMHL), has divested a 4.5% equity stake in Saudi Arabia-based East Pipes Integrated Company for Industry (EPIC) for an aggregate consideration of SAR 283.46 million (about $75.59 million). The stake sale was executed through a series of negotiated trades…
