Nusli Wadia

Bombay Burmah Trading, Wadias settle matter with Sebi for Rs 2.1 crore

The settlement amount was recommended by a high-powered advisory committee and approved by a panel of whole-time members

Nusli Wadia, sons, others settle disclosure lapses case with Sebi

Bombay Burmah Trading Corporation, its promoters including Nusli Wadia, his sons Ness and Jehangir, and others on Friday settled a disclosure lapses case with markets regulator Sebi after paying Rs 2.12 crore towards settlement amount. In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms. The order came after the entities proposed to settle the violations "without admitting or denying the findings" by paying settlement amounts. "It is hereby ordered that any proceedings that may be initiated for the violations ... are settled in respect of the applicants," Sebi said in its settlement order. As per the order, the entities allegedly failed to make timely disclosures of shareholding changes and related party information; and failed to comply with accounting standards and regulations on related party disclosures as required under SAST (Substantial Acquisitions of Shares and Takeovers) norms and insider trading rules. Also

Birla, Wadia signal truce as Century to buy Mumbai plot for Rs 1,100 cr

In what signals a truce between the Birla and Wadia families, Birla group company Century Textiles and Industry on Tuesday announced a deal to buy the prime land parcel at the centre of the dispute in central Mumbai's mill district from Nusali Wadia for Rs 1,100 crore. The two families, among the oldest denizens of corporate India, were at loggerheads over the Worli plot in what used to be the mill land and has now become prime real estate. The matter was pending in the courts. On Tuesday, Birlas-run Century Textiles and Industry made the surprise announcement that its realty arm Birla Estates is acquiring title rights for the approximately 10-acre plot for Rs 1,100 crore from Nusli Wadia. The "existing leasehold interest of CTIL is merged with the ownership rights" with the deal, the statement said, adding that this particular parcel possesses a booking value potential of Rs 14,000 crore if the real estate is exploited to the fullest. It can be noted that a year back, the nearly .

Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr

Over 94 acres of land will be sold under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002

Pratt & Whitney engines caused damage of Rs 10,000 crore to Go First: Wadia

Nusli Wadia said that P&W engines started failing right from the earliest delivery in 2017 'not just once, but several times'

Wadia Group in talks with investors to jointly bid for Go First: Report

The group wants to hedge its bets in the aviation sector and thus wants to partner with a financial investor while holding a majority stake

Weekend Bites: Corporate Samurai keels over, and big deal that's Met Gala

In which we munch over the week's platter of news and views

SAT relief for Bombay Dyeing and Wadias in Sebi market ban case

Tribunal stays order restraining company and promoters from capital markets for 2 years

Sebi bars Wadias, BDMCL from markets for 2 yrs for inflating financials

The market regulator has also slapped a cumulative penalty of Rs 15.75 crore on 8 individuals and two entities, in the matter

CBI opposes plea to call Mukesh Ambani witness in 33-year-old murder case

The central probe agency, in its reply, said the accused had no right to seek further investigation at this stage of the case, and his application should be dismissed.

"Buyer beware": Wadia issues public notice against Century's realty project

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies

Britannia, Bombay Burmah's annual reports say businessman did not offer himself for reappointment to the board.

Go Air explores legal action against Go Holdings over brand rights

Dispute mentioned in airline's DRHP under 'risk factors'

Top headlines: Wadia withdraws case against Tata, Walmart fires 56 execs

From the latest on Nusli Wadia's defamation suit against Ratan Tata to Walmart's firing of top India execs, read all the top headlines here

Nusli Wadia withdraws defamation suit against Ratan Tata, others

Wadia withdrew plea in SC after court recorded that Ratan Tata and others had no intention to defame him

Why don't you resolve differences together: SC to Nusli Wadia, Ratan Tata

Wadia filed a criminal defamation case against Ratan Tata and other directors of Tata Sons in 2016 after he was voted out of the boards of some Tata Group companies

Nusli Wadia hails NCLAT ruling, says Mistry's removal was a vindictive act

Wadia was a favourite of former Tata group chairman J R D Tata to take over the group's reins after him

Ratan Tata, Tata Sons directors summoned in Nusli Wadia's defamation suit

Respondents to stand trial for criminal defamation under Indian Penal Code, face simple jail term of up to 2 years, with fine.

Wadia urges Sebi to take action against 3 Tata firms' directors

Alleges group firms made wrong declarations in annual reports

Wadia voted out of Tata Chemicals; Bhaskar Bhat, S Padmanabhan to come in

Company said 3.62 cr votes, accounting for 24.33% of votes polled, were against his removal