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Tata Sons Pvt. Ltd., the principal investment holding company and promoter of Tata Group companies, was established in December 1917 as a trading firm to manage the profits of its operating businesses. Headquartered at Bombay House in South Mumbai, Tata Sons earns its income from dividends paid by its operating companies. It is governed by…
The Tirupur Yarn Manufacturers Association has called for support from the garment units in seeking steps by the Union government to change the role of the Cotton Corporation of India (CCI). The China National Cotton Reserves Corporation maintains more than a year’s cotton stock and ensures stability in cotton prices. The CCI should, as such,…
Read More “Tiruppur yarn producers seek support from garment units to modify role of CCI” »
Central Warehousing Corporation (CWC) Managing Director Santosh Sinha on Friday (September 19, 2026) raised concerns over what he described as “malpractices” in phytosanitary certification at ports, while declining to provide specific examples or name the entities involved. Speaking to reporters on the sidelines of “Stakeholder Consultation on Strengthening Agri Export Logistics Through Integrated Warehousing and…
State-owned power producer NTPC Ltd informed that it has terminated the contracted awarded to GR Infraprojects Ltd (GRIL) for building the 400 Megawatt-hour (MWh) battery energy storage system (BESS) project at its Mouda Super Thermal Power Station (Maharashtra) citing the latter’s inability to meet their contractual obligations and achieve required project progress. The project –…
Artificial intelligence (AI) is turning sharply cheaper to run on a per-token basis. Yet, the amount companies spend on AI is rising as they move from experiments and chatbots to more complex, multi-step applications. During a recent executive briefing, Coforge management said that over the previous seven months, the unit cost of tokens needed to…
Read More “The price of AI is falling; why are enterprises still spending more? Explained” »
The Confederation of Indian Textile Industry (CITI) has expressed concern over the potential impact on India’s textile and apparel exports because of the likely additional tariffs planned by the US following the signing of the ‘Lindsey O. Graham Sanctioning Russia and Iran Act of 2026’ by U.S. President Donald Trump. Ashwin Chandran, chairman of CITI,…
Read More “CITI expresses concern over potential additional tariffs by the U.S.” »
Many German engineering companies are considering shifting a part of their production to other bases, including their research and development facilities. Ing.Timo Wurz, Managing Director (Metallurgy and Thermprocessing) of VDMA, told The Hindu recently that not all companies can look at investments in other countries. Thus, while some are able to cope with the current challenges, there…
Australian company Ansell will manufacture some of its premium synthetic gloves for its key global markets at its plant at Perundurai, near Coimbatore. Jennifer Ross Murphy, Chief Medical Business Officer at Ansell, told The Hindu recently that the investments (of over $60 million) are strategic and focused. “This is the largest investment by Ansell in…
Read More “Ansell to manufacture gloves at Perundurai plant for key global markets” »
A file image of BJD MP Santrupt Misra. | Photo Credit: K. Murali Kumar Biju Janata Dal (BJD) MP Santrupt Misra raised concerns on Saturday (September 19, 2026) about the Centre’s decision to impose a merchant discount rate (MDR) of 0.4% on person-to-merchant UPI transactions above ₹2,000, saying various alternative avenues are available to fund…
Read More “Government can bear cost of maintaining UPI network: BJD MP Santrupt Misra” »
AI lab Anthropic said on Friday it would partner with Accenture for the independent evaluation of its frontier AI models, with the companies each committing at least $1 billion over the next five years to build capacity for the work. File | Photo Credit: Reuters AI lab Anthropic said on Friday it would partner with…