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tata rift

Before Chandrasekaran’s exit, he and Noel Tata separately briefed govt on rift, concerns

Rift between Tata Trusts chairman Noel Tata and Chandrasekaran. MUMBAI/NEW DELHI: The Tata brass briefed senior govt functionaries on the turmoil inside the conglomerate ahead of N Chandrasekaran‘s announcement last Wednesday that he would step down as Tata Sons chairman in Feb, people familiar with the matter said.The engagement covered the rift between Chandrasekaran and...
berkshire hathaway

Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes

Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes Berkshire Hathaway is realigning its investment portfolio, putting more money into Google parent Alphabet and US homebuilders while cutting some of its holdings in financial companies and other stocks.The Omaha, Nebraska-based conglomerate bought roughly 48.1 million additional Alphabet shares during the second quarter, taking its total...
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What changes from August 15

Petrol export levy cut to nil, diesel and ATF duties retained The government has scrapped the export levy on petrol for the next fortnight while continuing to charge duties on diesel and aviation turbine fuel (ATF), according to a ministry of finance notification issued on Friday.The revised rates will take effect from August 15, with...
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FMCG companies see recovery in consumption growth

Most of the quarter was marked by average 8-10% raw material cost hike NEW DELHI: The consumer goods sector is seeing signs of a firmer consumption recovery, with volume growth becoming more visible across companies, even as cost pressures remain. This comes as the West Asia conflict has pushed up crude-linked inputs, packaging and freight...
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