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BusinessFollowing RBI's directive to Tata Sons to comply with NBFC-CIC norms, Tata Trusts chairman Noel Tata proposed merging Tata Electronics Systems and Tata Consulting Engineers with Tata Sons. This move aims to keep the 109-year-old holding company outside RBI's regulatory scope and avoid a public listing, marking Tata Sons' second attempt to bypass listing requirements.
TOI Business·3h ago
EntertainmentNani's film 'The Paradise' has earned a total net collection of Rs 96.72 crore in India after five days since its release on September 24. The movie opened strong with Rs 11.60 crore on Day 0. The Telugu version led the Day 5 earnings, significantly boosting the overall box office collection. The film has received mixed reviews from audiences.
TOI Entertainment·32m ago
PoliticsIn Prayagraj, Uttar Pradesh, the Prayagraj Development Authority (PDA) demolished an illegal gaushala spread over 3,000 square meters in the Kachar area of Puramufti police station jurisdiction. The gaushala is linked to Mon Zaid, son-in-law of Abid Pradhan, a close associate of Atique Ahmad. Around 400 cows and buffaloes present were taken under protection by the municipal team. The demolition was led by PDA officials under Gangesh Kumar Singh amid heavy police and PAC security. The gaushala was constructed without layout plan approval, violating restrictions in the area.
Aaj Tak·7m ago·Prayagraj
PoliticsHindustan Aeronautics Limited (HAL) has been excluded from the Advanced Medium Combat Aircraft (AMCA) project, marking the first time HAL is not involved in an indigenous fighter jet project. Defense Secretary R.K. Singh cited unmet technical requirements for HAL's exclusion. Now, three private consortia—Tata Advanced Systems, L&T-Bell-Dynamatic, and Bharat Forge-BEML-Data Patterns—are competing to build prototypes. The first AMCA prototype is expected to fly by September 2028.
Amar Ujala·12m ago
BusinessTata Trusts, holding 66% of Tata Sons Private Limited (TSPL), proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) with TSPL. The restructuring aims to prevent TSPL from qualifying as a Non-Banking Financial Company (NBFC) or Core Investment Company (CIC) and retain its unlisted private status. Tata Trusts seek board approval and RBI no-objection for the plan.
News18 Business·11h ago
BusinessIn Mumbai, Indian family offices and multi-family offices (MFOs) are increasingly hiring experienced CXOs to enhance their institutional capabilities. This shift reflects the evolution of MFOs from traditional wealth management firms into more structured and institutionalized businesses, aiming to better manage and oversee affluent family portfolios.
Mint Companies·19m ago·Mumbai
TOI Business·3h ago
Following RBI's directive to Tata Sons to comply with NBFC-CIC norms, Tata Trusts chairman Noel Tata proposed merging Tata Electronics Systems and Tata Consulting Engineers with Tata Sons. This move aims to keep the 109-year-old holding company outside RBI's regulatory scope and avoid a public listing, marking Tata Sons' second attempt to bypass listing requirements.
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