Episode Details

The Tata Sons board has approved a fresh five-year term for chairman N. Chandrasekaran despite opposition from Tata Trusts chairman Noel Tata. The decision followed a dramatic boardroom vote in which Noel Tata’s opposing vote was rejected while Venu Srinivasan’s supporting vote was accepted, clearing the way for Chandrasekaran’s third term amid ongoing regulatory challenges for Tata Sons.

India stands firm on Russian oil amid US tariff threat

India has reaffirmed that its energy sourcing decisions will be guided by national interest, not external pressure, as the US moves closer to imposing sanctions related to Russian and Iranian energy trade. New Delhi has cautioned that any action targeting India could have implications for bilateral ties and global energy markets.

NSE IPO opens with valuation in focus

The National Stock Exchange’s much-awaited IPO opened for subscription on Thursday, with shares priced between ₹1,700 and ₹1,785. The issue was 42 per cent subscribed on day one, led by retail and high-net-worth investors. The offer is entirely an offer for sale, meaning the exchange will not receive proceeds from the issue.

Govt allays fears over UPI payments after MDR levy

The government has sought to reassure users and merchants that UPI transaction volumes will remain stable after the Merchant Discount Rate comes into effect from October 15. Officials said only around 4 per cent of transaction volumes are expected to be affected and argued that the move strengthens India’s digital payments sovereignty while reducing dependence on foreign payment networks.

(Research and VO: Siddharth Mathew Cherian)