)
Tata trusts appoint Ratan Tata interim chairman, sets up 5-member panel to choose next chairman
Chandrasekaran, Speth join the board; Tata Sons files caveats in courts but Mistry rules out legal action
The Tatas were unhappy that DoCoMo sued Tata Sons in the US and the UK courts, apart from litigation in the Delhi HC
Hefty Docomo deposit, lower FY16 income erode reserves
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100
Asset sales, turnaround of stressed companies to boost banks' balance sheets
However, sale of Essar Oil will result in a major drop in revenue and profit for the group
MNCs pick up Rs 1.15 lakh crore of assets since January versus Rs 35,000 crore by local firms
Essar tops the list of corporates reducing debt
Ruias to now focus on steel, power and ports
Interview with Director, Essar Group
Rosneft-led consortium acquires 98% stake in EOL; proceeds from the sale to be used to reduce debt by half
Crude and gas producers to gain, with oil up 18 per cent since January
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday
Board to meet on Thursday
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers
Wins Mumbai, Maharashtra, Andhra circles for Rs 4,600 cr
Will honour contract as per Indian laws, say Tatas
Bhilai Cement deal capacity at $98/ tonne; Orient Cement will also acquire Nigrie cement grinding unit of JP Power for Rs 500 cr
Currently the scheme is applicable only for operating companies and not for stalled projects and banks are not allowed to elongate 'sustainable' part of loan