Meet rising Tata star tasked with splitting Tata Motors into two

PB Balaji, Tata Motors’ CFO, has won the chairman’s trust with his strategic acumen and financial expertise. He has his hands full in the months ahead. Here’s why

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BPL founder TPG Nambiar passes away

TPG Nambiar, the visionary founder of BPL and a pioneer in India’s consumer electronics industry, passed away at the age of 95. He established BPL in 1963 and led the company to prominence in the 1980s with high-quality electronic products. Despite its decline in the early 2000s, BPL left a lasting impact in the...

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Swiggy IPO gets $15 billion bids from Norway’s wealth fund, fidelity

Swiggy has received enthusiastic investor interest for its $1.4-billion IPO in India, with bids from big investors like Norges Bank and Fidelity exceeding $15 billion. The IPO, launching next week, has seen its valuation reduced to $11.3 billion due to a recent market correction.

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Odisha downgrades Naveen Patnaik security from Z to Y

The Odisha government downgraded former CM Naveen Patnaik’s security from Z to Y category, withdrawing most of his security personnel. Following a high-level committee’s recommendation, Patnaik is to be assigned two constables of havildar rank, with additional security provided as needed, including during out-of-state tours.

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Trump condemns violence against Hindus in Bangladesh

Former President Donald Trump criticized current US leadership for ignoring violence against Hindus and other minorities in Bangladesh, stating such incidents wouldn’t have happened during his term. He promises to protect Hindu Americans and strengthen US-India relations if re-elected, emphasizing a focus on freedom and economic growth.

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Are India’s consumption hiccups signalling stress?

India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance’s retail unit have reported softer consumption, impacting their earnings and the broader economic outlook.

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