Top headlines: Tata group's legacy issues; tweaks to LIC surplus payouts

Business Standard brings to you the top headlines on Tuesday

Almost a decade has passed since Ratan Tata retired from the Tata Group. Cyrus Mistry's ouster has also completed almost 5 years. However, the group's consolidated net loss, if TCS earnings are excluded, shows us India’s largest business conglomerate in the private sector continues to be bogged down with legacy issues. Read more on this and other top headlines for the day.

Gradual tweaks to LIC surplus payouts likely; FinMin exploring a glide path

The government is considering gradual tweaks to surplus distribution of Life Insurance Corporation of India (LIC) to policyholders and shareholders as the insurer looks to list on