Fairfax’s win followed a failed first attempt. Offers received in 2025-26 stayed below the reserve price of ₹94.42 a share, and the government turned them down
South Korea’s benchmark fell 5.46% to 6,035.35 as Samsung Electronics and SK Hynix came under pressure over fears of intensifying Chinese competition, while concerns over AI investment returns, bond yields and oil prices weighed on global sentiment
The rollout of charges on select merchant UPI transactions, earlier scheduled for October 15, has been postponed to a date to be announced separately
The charge was scheduled to begin on October 15, coinciding with India's annual festive period, when consumer spending typically rises
The MPC unanimously raised the repo rate by 25 bps and shifted its stance to calibrated tightening as inflation and global supply risks persist
Noel Tata has questioned the process followed by the Tata Sons board in reappointing N Chandrasekaran and sought records of the September 17 meeting
Foreign selling, elevated US bond yields, high crude prices and a weak rupee have battered large-caps, even as domestic liquidity keeps mid- and small-caps relatively resilient
The charge is unlikely to materially affect most retail investors, but repeated UPI pay-ins, quarterly settlements and high-frequency transfers could turn the small MDR into a significant cost for discount and zero-brokerage platforms
Noel also argued that listing could create pressure around businesses whose financial performance may take years to mature
The dispute over Chandrasekaran's tenure has unfolded over more than a year. According to a Tata Sons statement, the board received a unanimous resolution from Tata Trusts dated July 28, 2025, supporting a second five-year term for him
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