Business News: Economy & Markets

Tata Group firms' stocks tumble up to 6 pc after Chandrasekaran rules out another term; TCS, TMPV top laggards

IANS | August 12, 2026 1:01 PM

Mumbai, Aug 12 (IANS) Tata Group-backed companies' stocks witnessed heavy selling pressure on Wednesday, plunging up to 5.95 per cent and losing about Rs 46,000 crore in market value after N. Chandrasekaran said he would not offer himself for reappointment as chairman of Tata Sons when his current term expires in February 2027.

Festive hiring in India likely to rise up to 20 pc as demand shifts to specialised frontline roles

IANS | August 12, 2026 12:46 PM

New Delhi, Aug 12 (IANS) Temporary hiring across India's organised retail, e‑commerce, quick commerce, logistics, FMCG and consumer durables is expected to grow 15–20 per cent this festive season, with employers moving beyond volume recruitment toward specialised frontline roles to support a longer sales calendar and faster fulfilment, a report said on Wednesday.

Leading Tata Sons over past decade a great honour, profound responsibility: N Chandrasekaran

IANS | August 12, 2026 12:02 PM

New Delhi, Aug 12 (IANS) N Chandrasekaran -- who has completed four decades with the Tata Group -- on Wednesday described his tenure at the helm of the group as a great honour and a profound responsibility after resigning and deciding not to seek reappointment as Chairman of Tata Sons when his current term ends on February 20, 2027.

Tata Sons Chairman N Chandrasekaran resigns ahead of AGM; will not seek reappointment

IANS | August 12, 2026 11:39 AM

New Delhi, Aug 12 (IANS) Tata Sons Chairman N Chandrasekaran has resigned from his position and will not seek re-appointment when his current tenure ends in February 2027, according to a report by NDTV Profit citing sources.

Godrej Consumer Products shares plunge 10 pc to 52-week low after CEO Sudhir Sitapati resigns

IANS | August 12, 2026 10:49 AM

New Delhi, Aug 12 (IANS) Godrej Consumer Products Limited (GCPL) shares plunged 10 per cent to hit a 52-week low and the lower circuit on Wednesday in the morning session trade after the company announced the immediate resignation of Sudhir Sitapati as Managing Director and Chief Executive Officer (MD & CEO).

Tata Sons chairman Chandrasekaran may step down ahead of AGM amid reappointment uncertainty

IANS | August 12, 2026 10:10 AM

New Delhi, Aug 12 (IANS) Tata Sons chairman N. Chandrasekaran has discussed with close associates the possibility of stepping down before the conglomerate's annual general meeting (AGM) as uncertainty surrounds his reappointment as a director and disagreements persist within the Tata group, according to multiple reports.

Markets trade lower in early deals amid rising crude prices, geopolitical tensions

IANS | August 12, 2026 9:34 AM

New Delhi, Aug 12 (IANS) Domestic equity markets traded lower in early deals on Wednesday amid rising crude oil prices and continued geopolitical tensions.

KT Q2 net profit sharply down due to data breach fines

IANS | August 12, 2026 9:14 AM

Seoul, Aug 12 (IANS) South Korea's major mobile carrier KT Corp said on Wednesday its second-quarter net income fell 34.5 per cent from a year earlier due to the effect of government fines from its massive data breach.

S. Korea’s Supreme Court orders Samsung Securities to pay damages to NPS

IANS | August 12, 2026 9:08 AM

Seoul, Aug 12 (IANS) The Supreme Court here on Wednesday ordered Samsung Securities Co. to pay the National Pension Service (NPS) 1.86 billion won ($1.3 million) in damages over a 2018 dividend error by an accidental stock issuance.

Adani case an attempt to regulate activity that didn’t impact US citizens: Lawyer Jim Walden

IANS | August 11, 2026 10:46 PM

New York/New Delhi, Aug 11 (IANS) US-based lawyer Jim Walden said on Tuesday that the US court's dismissal of criminal charges against Adani Group Chairman Gautam Adani and his nephew Sagar Adani started out as a tough prosecution but was at par for the course.

business

Tata Group firms' stocks tumble up to 6 pc after Chandrasekaran rules out another term; TCS, TMPV top laggards

Festive hiring in India likely to rise up to 20 pc as demand shifts to specialised frontline roles

Leading Tata Sons over past decade a great honour, profound responsibility: N Chandrasekaran

Tata Sons Chairman N Chandrasekaran resigns ahead of AGM; will not seek reappointment

Godrej Consumer Products shares plunge 10 pc to 52-week low after CEO Sudhir Sitapati resigns

Tata Sons chairman Chandrasekaran may step down ahead of AGM amid reappointment uncertainty

Markets trade lower in early deals amid rising crude prices, geopolitical tensions

KT Q2 net profit sharply down due to data breach fines

S. Korea’s Supreme Court orders Samsung Securities to pay damages to NPS

Adani case an attempt to regulate activity that didn’t impact US citizens: Lawyer Jim Walden

LATEST NEWS

CHL 2026: Nyayadhani Knights edge past Sanskardhani Strikers, Chakradhar Champions win

Starlink, Starshield speeds restored for Ukraine, says Zelensky; thanks US

ISL 2026/27: Ajaraie misses late penalty as Odisha FC hold NorthEast United to draw

‘Deal with inimical elements firmly’, directs HM Amit Shah while reviewing Delhi security

Gajendra Chauhan on Naseeruddin Shah's SRFTI statement: Advise instead of criticising

Drama, tension and controversy await as Barcelona host Real Madrid in first Clasico of season

PM Mudra Yojana transforms Poonam Sharma's life, helps her expand business to five shops

Commonwealth Kabaddi C'ship: Indian men and women extend winning run

Asian Para Games: India sign off with record 114 medals as contingent marches at closing ceremony

INDIA Bloc to hold ‘public impeachment’ of CEC Gyanesh Kumar on Oct 30; ‘Dilli Chalo’ march planned for Nov 1