Tata Trusts’ opposition may delay Chandrasekaran’s fresh term and Tata Sons’ IPO by months, warns governance expert

Tata Trusts’ opposition to N Chandrasekaran‘s reappointment as Executive Chairman of Tata Sons could trigger months of uncertainty over both his tenure and the group holding company’s proposed listing, Shriram Subramanian, Founder and Managing Director of InGovern Research Services, has warned. The Tata Sons board on Thursday approved Chandrasekaran’s reappointment for a further five-year term … Read more

CAS closing price under review: Sebi proposes 2 options for expiry settlement

The closing auction session (CAS) could see a change in how its closing price is used for settling index and stock derivative contracts on expiry, with markets regulator Sebi proposing two alternative methodologies after reviewing the newly introduced framework.Sebi’s consultation paper released on Saturday seeks stakeholder views on whether derivative settlement prices should be calculated … Read more

India’s forex reserves jump by a record $44.903 billion

“India’s forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Reserve Bank of India (RBI) said on Friday (September 11, 2026). In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion. … Read more

India-EU FTA draft: European cars, wine, farm goods set for lower tariffs; key points

India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released … Read more

Lickicious raises Rs 19 crore to chase Rs 100 crore revenue

Pet food and nutrition brand Lickicious has raised Rs 19 crore through a combination of equity and institutional debt, as it looks to scale its annual revenue to Rs 100 crore and expand into a broader, multi-category and omnichannel business. Lickicious, operated by Nuvexo Wellness Pvt Ltd, counts Prath Ventures as its lead institutional investor. … Read more

Volkswagen says cutting 100,000 jobs by end of decade

German car giant Volkswagen said on Thursday (September 3, 2026) that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000. “It is essential to systematically align workforce levels with economic realities,” the 10-brand group said in a statement. The firm had … Read more

Sebi to tweak CAS, change method for derivative trade

Markets regulator Sebi on Thursday said it will revise the settlement price mechanism for derivatives contracts for Closing Auction Session (CAS). The decision comes exactly a month after CAS was rolled out on Aug 3. Sebi will soon come out with a consultation paper for revising the mechanism, a release from the regulator said.During the … Read more