Markets news

Gold Rate Today: Check 24K, 22K Gold Prices In Mumbai, Delhi, Chennai, Kolkata, Bengaluru On September 21

Gold and silver prices rise today; gold remains over 40% higher in a year, while silver gains over 86%

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iPhone 18 Pro launches ahead of Navratri, Diwali, but grocery and BPC could steal festive e-commerce spotlight: Report

India’s festive online shopping basket is expected to broaden beyond smartphones and electronics this year, with grocery, beauty and personal care, and home categories gaining…

Stock Market News Today Live Updates: GIFT Nifty Indicates Negative Open; Brent Crude Near $100 A Barrel

The GIFT Nifty indicated a subdued start for Indian equities on Monday, trading at 23,338.50 and signalling a 40-point decline.

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FII selling returns in first half of September as financials, auto stocks face heavy outflows

In early September, foreign investors shifted to selling after a series of buying phases. Notably, financials, automotive, and oil and gas sectors experienced considerable…

2 outletsInstitutional Flows

History shows Nifty has rebounded after six consecutive weeks of decline; Will it repeat this time?

Despite this recovery, the overall trend remained under pressure as the index extended its losing streak to the sixth consecutive week, marking one of the longest correction…

Nifty may recover after two years of underperformance, says Anand Rathi’s Azeez

Azeez now oversees ₹1.06 lakh crore in assets under management (AUM), up sharply from ₹32,000 crore four and a half years ago.

Nilon’s explores majority stake sale at up to ₹1,200 crore valuation

Existing investors are exploring a partial or full stake sale, but the exact terms of the deal have yet to be determined.

Promoter Activity

Kotak banker eyed for CEO role calls for shift from loans to bonds

Paritosh Kashyap, a veteran who has spent over three decades at the $43-billion private lender, believes that banks should be churning their portfolios, making loans or…

Stock recommendations for 21 September from MarketSmith India

MarketSmith India reveals its top stock recommendations for today, 21 September. Get expert insights into the best-performing stocks to guide your investment decisions.

D-Street set for a cautious opening as GIFT Nifty signals muted start

In the last few trading sessions, Indian markets have breathed a sigh of relief. The drop in Brent crude prices has mitigated worries about sustained supply chaos, positively…

2 outletsMonetary Policy

Four hours at Bombay House: How five Tata Sons directors outflanked Noel Tata

The Tata scion left Bombay House believing Tata Sons had taken no decisions at last week’s crucial board meeting. Hours later, the board had reappointed N. Chandrasekaran as chair…

Governance

India Inc, individuals could soon get to settle fund diversion cases

India's Securities and Exchange Board of India (Sebi) is considering a novel approach to address fund siphoning cases. Offenders would return misappropriated funds along with…

2 outletsMutual Funds

'FCNR haul to power HSBC's India wealth, retail banking push'

HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to…

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SpaceX stock transfers raise compliance questions for Indian HNIs

Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to…

Dispute over third term for Chandrasekaran: The many shades of AoA

Legal opinion with Tata Sons suggests casting vote in order

Tata Sons listing is the real flashpoint, not Chandrasekaran’s reappointment, says Harish Salve: Report

Senior advocate Harish Salve, advisor to N Chandrasekaran, said the Tata Trusts-Tata Sons dispute has shifted from concerns over listing to the chairman’s reappointment. He…

Whoever Wins In Court, Tata Has Already Lost Something

Two stories are being told about what Tata stands for, and only one of them can survive.

ASML begins India operations, plans to hire young engineering graduates

Semiconductor equipment maker ASML has started operations in India and plans to hire 20-30 young engineering graduates initially to meet its requirement, a senior official of the…

Issue Not About Individual Shareholders, But Tata Trusts' 66% Ownership Of Tata Sons: Abhishek Singhvi

On challenging the matter in court, he said it was too early to talk about it, as each side had its own legal remedies and resources.

Tata Trusts' Listing Objection, Not Board Meeting Is 'Real Issue': Chandra's Legal Adviser Harish Salve

Salve further said the RBI had initially indicated in 2019 that companies with access to public funds could remain outside the upper-layer framework under certain circumstances…

Governance

Tata Trusts says Chandra reappointment invalid, invokes Mistry case

Tata Sons did not secure affirmative support of nominees: Tata Trusts

NSE's Shareholders Retain Significant Stake Even After Tendering Shares In OFS

Existing institutional shareholders sold part of their NSE stake in the Rs 22,569-crore IPO while retaining sizeable holdings

IPO & Listings

Tata Trusts-Tata Sons row: Mehli Mistry objects to possibility of education trust bearing legal expenses

Mehli Mistry of the Tata Education and Development Trust has opposed using trust funds for legal expenses in the dispute between Tata Trusts and Tata Sons over N Chandrasekaran's…

Ashiana Housing To Invest Rs 1,000 Crore On Land Acquisition This Fiscal

The proposed development will have around 20 lakh square feet of saleable area and an estimated revenue potential of Rs 1,800 crore.

Tata Trusts Says N Chandrasekaran's Reappointment Is Legally Invalid

Tata Trusts said AoA requires affirmative support from majority of their nominee directors for board resolutions.

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Trade Setup For Sept 21: Nifty Bulls Eye Pullback From Oversold Levels; Key Resistance At 23,400

On the downside, 23,200 remains the immediate support for the Nifty, followed by the crucial 23,10023,070 zone.

Chandrasekaran reappointment: Tata Trusts rejects independent director vote claim

Tata Sons chairman vote: Chandrasekaran reappointment ‘void ab initio’; Tata Trusts says resolution 'not validly passed'

Governance

Tata Sons chairman vote: Chandrasekaran reappointment ‘void ab initio’; Tata Trusts says resolution 'not validly passed'

Tata Trusts said N Chandrasekaran’s reappointment as Tata Sons chairman is invalid because both Trust-nominated directors were required to approve it. Noel Tata opposed the…

'Majority among two is two': Tata Trusts says Chandrasekaran reappointment failed AoA condition, has no legal effect

The affirmative support of Tata Trusts Nominee Directors was not given. The condition failed, and so did the resolution, says Tata Trusts

Tata Trusts calls Chandra's reappointment 'void', questions casting vote

Tata Trusts says the September 17 resolution failed the Article 121 test as its two nominees split 1-1