In all, a total of 18 entities settled the case pertaining to flouting various provisions of securities market norms.
With this transaction, the existing leasehold interest of Century Textiles is merged with the ownership rights. The ten acre land parcel has a booking value potential of Rs 14,000 crore
History shows that taking risks at the right time ensures companies build on their legacy to become stronger and future-fit
Addressing shareholders during the company’s 102nd Annual General Meeting, Britannia Industries Chairman Nusli N Wadia said the company is on course to mitigate the impact of inflation through calibrated price increases and other cost efficiency measures.
The airline is in a desperate situation if it is not even able to pay for its fuel. Its numbers don’t inspire confidence
Nusli Wadia withdrew case against Ratan Tata on January 13.
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.
A single bench presided over by Justice Mridula Bhatkar refused to extend her March 18 order whereby she had restrained the magistrate court from hearing the case until Wednesday (March 27).
A single bench of Justice Mridula Bhatkar stayed the proceedings through an interim order.
The petitioners recently told the court that they wanted to withdraw the petition but the court took a dim view of it.
Over the past few months, we have been revisiting the origins of some of the most illustrious empires in India and retracing their family trees.
Nusli Wadia, Chairman of the Wadia Group, in a letter, has asked market regulator Securities and Exchange Board of India (SEBI) to take action against Tata Group's three independent directors for alleged wrong declarations made in the annual reports.
The Bombay High Court today adjourned to March 7 hearing on a suit filed by four minority shareholders of three Tata Group companies seeking to restrain the promoters from voting at extraordinary general meetings on a resolution to remove industrialist Nusli Wadia as independent director.
In a latest in the Tata versus Mistry tussle, CNBC TV18 learns that Nusli Wadia has sent a fresh letter to market regulator Sebi raising corporate governance concerns on a 10-yer old inter-corporate deposit made by a Tata Steel subsidiary company.
Regulator Sebi has sought detailed explanations from some listed Tata firms on alleged violations of corporate governance and insider trading norms flagged by ousted directors Cyrus Mistry and Nusli Wadia.
First time after ouster of Cyrus Mistry from Tata sons as chairman capital market regulator formally sought explanation from Tata companies. SEBI sought explanation from Tata Power, Tata Steel and Tata Global Beverages on the basis of internal audit committee report.
Nusli Wadia's 137-year-old flagship Bombay Dyeing and Manufacturing Company has drawn up a major strategy to revive its textile retail business and is looking for a turnaround in 2017-18.
According to a regulatory filing by Tata Chemicals, out of the total of 25.48 crore shares of the company, 14.91 crore shares were voted. Out of this, 11.28 crore were in favour of the resolution to remove him.
Sources tell CNBC-TV18 that Nusli Wadia has written to Tata Chemical shareholders urging them to vote with their conscience at today's EGM.
Shareholders of Tata Motors have voted to remove independent director Nusli Wadia from the board of directors.
The Tata Motors Extraordinary General Meeting (EGM) concluded today where the shareholders voted on independent director Nusli Wadia‘s fate on the board, result of which will be declared tomorrow, reports CNBC-TV18‘s Farah Bookwala Vhora.
The bitter boardroom battle at the heart of Tata Sons has put a spotlight on the vulnerability of India's independent company directors who stand-up to, or take on a dominant shareholder.
Nusli Wadia has said that his removal from Tata Steel was not linked to performance as a board of directors had evaluated his performance in previous meeting, sources tell CNBC-TV18.
Tata Steel‘s marathon EGM wrapped up after six hours last evening. About 90.8 percent shareholders voted for the removal of Nusli Wadia as director – a verdict that was largely on expected lines.
Tata Sons had lined up EGM's for its various companies for this week to remove Cyrus Mistry and Nusli Wadia. Mistry on Monday had resigned from the boards of six listed companies.
