Thursday, September 24
Mumbai: Tata Sons chairman N Chandrasekaran briefed the board of Tata Trusts about the conglomerate’s performance and plans in a closed-door meeting at Bombay House on Tuesday, in what long-time group watchers said was a notable departure from precedent.Present at the meeting were Noel Tata, Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh and Jehangir C Jehangir. The move to update the entire board of trustees had been initiated by the chairman, people aware of the matter said.According to group insiders, a Tata Sons chairman never directly briefed the Trusts board during the tenure of late group patriarch Ratan Tata — it’s a first. Traditionally, trust nominees on board of Tata Sons apprise the board of Tata Trusts on key developments and areas.The Trusts
Mumbai: The investor rush for some of the large unlisted companies, especially in financial services, has waned of late following the lower-than-expected pricing of HDB Financial Services' recent Initial Public Offering.Share values of some of the most popular firms in the unlisted space, such as NSE, NSDL and Tata Capital, have fallen between 5% and 18% as investors worry that valuations of these companies in their upcoming IPOs would be lower than the current levels. "Post the HDB IPO, we've observed a shift in investor sentiment, from being brand-conscious to becoming more valuation-sensitive, especially as HDB was priced significantly lower than its unlisted market value," said Hitesh Dharawat of Dharawat Securities, an online marketplace of unlisted shares. 122352868The price of HD
Mumbai: Investments in equity mutual funds rebounded in June after five consecutive months of declining inflows. Net inflows surged to ₹23,587 crore during the month, marking a 24% jump over May's ₹19,013 crore, driven by fresh subscriptions to flexi-cap, mid-cap and small-cap schemes.While debt mutual funds saw outflows, a buoyant equity market and pick-up in retail participation helped the industry's net assets under management (AUM) scale to a new all-time high of ₹74.41 lakh crore in June, up from ₹72.20 lakh crore in May.The reversal comes after inflows had steadily fallen from ₹39,688 crore in January to ₹19,013 crore in May. It was the 52nd consecutive month of flows into equity schemes since March 2021.122352779Record SIPsSystematic Investment Plans (SIPs) remained a ma
Indian IT bellwether Tata Consultancy Services saw a slight rise in employee churn during the first quarter of the current fiscal. The company posted attrition rate of 13.8% during the quarter under review, according to an exchange filing on Thursday. It had reported attrition rate of 13.3% in the March quarter and 13% in December quarter.As of June 30, 2025, the total headcount at TCS stood at 613,069, against 607,979 on March 31, 2025. The company said it had net headcount addition of 6,071 year-on-year (YoY)."Our associates invested 15 million hours and acquired 1.3 million competencies in emerging technologies," TCS said.The IT major kicked off June quarter earnings season on Thursday, reported a 6.7% YoY growth in its Q1FY26 consolidated net profit at Rs 12,819 crore, against Rs 12,10
