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Top headlines: Tata group mulls chips business, FM speaks on scrapping tax

Business Standard brings you top headlines this morning

Retrospective tax
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BS Web team New Delhi
Tata group is looking to enter semiconductor manufacturing, Chairman N Chandrasekaran said on Monday. The Finance Ministry on Monday said a Bill to end retrospective taxes will encourage companies to invest in India 

More on those stories in our top headlines: 

Indian promoters likely to give personal guarantee on foreign assets

In a major shift from its earlier stance, the Reserve Bank of India (RBI) on Monday proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with limits. At the same time, an Indian company can pledge