MUMBAI: Tata Sons is looking to raise about Rs 9,362 crore ($1.1 billion) from selling the shares of its cash cow unit Tata Consultancy Services (TCS) on Tuesday as it plans to reduce debt on its books.The holding company of the $150-billion salt-to-software conglomerate aims to restructure its balance sheet to avoid a mandatory public … Read more
MUMBAI: For the second consecutive time in 20 years, the currency in circulation (CIC) dipped during Diwali week as citizens shifted to digital modes of payment to make their festival purchases.Data released by RBI on Wednesday revealed that during the week ended November 17, currency in circulation dropped by Rs 5,934 crore to Rs 33.6 … Read more
Mukesh Ambani-owned Jio Financial Services has submitted an application to the Reserve Bank of India (RBI) for the conversion of the firm to a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC). Jio Financial has applied for the company’s conversion to CIC as mandated by the banking watchdog, the company informed exchanges late … Read more
NEW DELHI: Prime Minister Narendra Modi raised the issue of Congress leader Adhir Ranjan Chowdhury skipping the recent meeting to finalise the name if the chief information commissioner (CIC) saying that the absence of the opposition leader has once again brought to the fore the anti-Dalit face of the Congress.At a poll rally at Sidhi … Read more
NEW DELHI: Congress leader in Lok Sabha Adhir Ranjan Chowdhury said the collegium to appoint the information commissioners and the CIC is a “futile exercise”, as the government has a majority in the committee and it does as it pleases.Chowdhury was unavailable for the meeting to select the CIC and ICs called on Friday. He … Read more