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Union minister for power RK Singh on Sunday said that the fears about coal shortage leading to blackouts are unfounded
A panic created about coal shortage is due to miscommunication from GAIL and Tata, the minister said amid huge concern about power supply in more than six states, including national capital Delhi.
The panic, Singh said, was "unnecessarily created" after officials from GAIL sent a message to distributors on the supply to be affected.
Singh warned GAIL and Tata Power against &lsquo;acts of irresponsible behaviour&rsquo; that created panic and added that the country has reserves for another 4-5 days
He assured &lsquo;under no circumstances the gas supply will come down&rsquo;. He further added that &lsquo;the supply of domestic or imported coal will continue irrespective of the charges and &lsquo;Delhi will continue to get supply and there will be no load shedding&rsquo;.
Several states including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu have flagged shortage of coal at power plants. &nbsp;Meanwhile, Punjab has already imposed rotational load shedding at several places.
Delhi Chief Minister Arvind Kejriwal has also written to Prime Minister Narendra Modi, warning that the national capital "could face a blackout" in the next two days if supplies did not improve.

Panic over blackouts 'unnecessary': Power Minister on outage fears

Union minister for power RK Singh on Sunday said that the fears about coal shortage leading to blackouts are 'baseless'

//Power ministry RK Singh&nbsp;said blackouts fears 'unnecessary, baseless
//Singh:&nbsp;miscommunication from GAIL and Tata&nbsp;led to the unfounded panic
//Singh's&nbsp;statement&nbsp;amid huge concern about power supply in more than 6 states
//Singh warned GAIL &amp; Tata Power against &lsquo;acts of irresponsible behaviour&rsquo;
//Singh assured &lsquo;under no circumstances the gas supply will come down&rsquo;
//Gujarat, Punjab, Rajasthan, Delhi, TN flagged shortage of coal&nbsp;
//Delhi CM wrote to PM warning capital 'could face a blackout'

Union Minister for Power&nbsp;warned GAIL and Tata Power against &lsquo;acts of irresponsible behaviour&rsquo; that created panic and added that the country has reserves for another 4-5 days

Union minister for power RK Singh on Sunday said that the fears about coal shortage leading to blackouts are unfounded
A panic created about coal shortage is due to miscommunication from GAIL and Tata, the minister said amid huge concern about power supply in more than six states, including national capital Delhi.
The panic, Singh said, was "unnecessarily created" after officials from GAIL sent a message to distributors on the supply to be affected.
Singh warned GAIL and Tata Power against &lsquo;acts of irresponsible behaviour&rsquo; that created panic and added that the country has reserves for another 4-5 days
He assured &lsquo;under no circumstances the gas supply will come down&rsquo;. He further added that &lsquo;the supply of domestic or imported coal will continue irrespective of the charges and &lsquo;Delhi will continue to get supply and there will be no load shedding&rsquo;.
Several states including Gujarat, Punjab, Rajasthan, Delhi and Tamil Nadu have flagged shortage of coal at power plants. &nbsp;Meanwhile, Punjab has already imposed rotational load shedding at several places.
Delhi Chief Minister Arvind Kejriwal has also written to Prime Minister Narendra Modi, warning that the national capital "could face a blackout" in the next two days if supplies did not improve.

The Defence ministry of India signed a deal with Airbus Defence and Space of Spain worth Rs. 20,000 crore&nbsp;on Friday.&nbsp;
Under this deal, India will procure 56 C-295 medium military transport aircraft&nbsp;which will replace Avro-748 planes in the Indian Air Force.&nbsp;
Sixteen planes shall be delivered by Airbus within 48 months of signing the contract.&nbsp;
The remaining 40 shall be manufactured in India by an association of Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said.&nbsp;
This is the first time military aircraft&nbsp;will be manufactured in India by a private entity.
All 56 aircraft&nbsp;will be installed with indigenous electronic warfare suite.
The ministry had also said that before the new aircraft&nbsp;are delivered, a servicing facility for the C-295 aircraft&nbsp;will be installed in the country.&nbsp;

Govt signs contract worth ₹ 20,000 crore with Airbus for military aircrafts

The Defence Ministry on Friday signed a deal with Airbus Defence and Space of Spain to procure 56 military airplanes for the IAF.&nbsp;The deal is estimated to be worth a whopping Rs 20,000 crore!&nbsp;
&nbsp;

Govt signs contract worth Rs 20,000 crore with Airbus for 56 military aircraft

The Defence Ministry has signed a deal with Airbus Defence and Space of Spain worth ₹ 20,000 crore&nbsp;on Friday.&nbsp;
Under this deal, India will procure 56 C-295 medium military transport aircraft&nbsp;which will replace Avro-748 planes in the Indian Air Force.&nbsp;
Sixteen planes shall be delivered by Airbus within 48 months of signing the contract.&nbsp;
The remaining 40 shall be manufactured in India by an association of Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said.&nbsp;
This is the first time military aircraft&nbsp;will be manufactured in India by a private entity.
"All 56 aircraft&nbsp;will be installed with indigenous electronic warfare suite", said the ministry.&nbsp;
The ministry also said that before the new planes are delivered, a servicing facility for the C-295 aircraft&nbsp;will be installed in the country.&nbsp;

The Govt of India signed a contract with Airbus on Friday to procure 56 military transport aircraft&nbsp;for the Indian Air Force. The new C-295 medium transport airplanes will be replacing&nbsp;Avro-748 planes of the Force.&nbsp;

The Defence ministry has signed a deal with Airbus Defence and Space of Spain worth ₹ 20,000 crore&nbsp;on Friday.&nbsp;
Under this deal, India will procure 56 C-295 medium military transport aircraft&nbsp;which will replace Avro-748 planes in the Indian Air Force.&nbsp;
Sixteen planes shall be delivered by Airbus within 48 months of signing the contract.&nbsp;
The remaining 40 shall be manufactured in India by an association of Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said.&nbsp;
This is the first time military aircraft&nbsp;will be manufactured in India by a private entity.
All 56 aircraft&nbsp;will be installed with indigenous electronic warfare suite.
The ministry had also said that before the new aircraft&nbsp;are delivered, a servicing facility for the C-295 aircraft&nbsp;will be installed in the country.&nbsp;

Shapoorji Pallonji&nbsp;Group is parting with it's 'family jewel' in the consumer pack as it sells Eureka Forbes to&nbsp;PE group Advent for Rs 4,400 cr.&nbsp;
Eureka Forbes a loss-making business, is a subsidiary of listed Forbes &amp; Co. As per the agreement it will be demerged from the company and will be listed separately.&nbsp;
The Tata's were the original owners of the Forbes firm which the the Pallonji family had bough&nbsp;almost two decades ago. With over 20 million customers&nbsp;Eureka Forbes is among the largest vacuum cleaner and water purifier brands in India.&nbsp;
The deal will help Shapoorji group pare its Rs 20,000 crore&nbsp;out of which nearly Rs 11,000 cr is under Covid-19 relief program provided by the RBI.&nbsp;The Shapoorji Pallonji&nbsp;Group currently has Rs 10,900 crore&nbsp;as debt.&nbsp;

Eureka Forbes sold for Rs 4,400 cr by Shapoorji Pallonji Group to PE firm Advent Group

Tata to&nbsp;Eureka Forbes, says&nbsp;Shapoor Pallonji Group as it sells iconic consumer brand&nbsp;for Rs 4,400 cr byo PE firm Advent Group

Tata to Eureka Forbes

<ul>
<li>Shapoorji Pallonji Group sells consumer brand Eureka Forbes to reduce debt&nbsp;</li>
<li>Advent Group acquires Eureka Forbes for Rs 4,400 cr from Cyrus Mistry&nbsp;led group&nbsp;</li>
<li>Eureka Forbes a loss-making business, is a subsidiary of listed Forbes &amp; Co</li>
<li>Eureka Forbes was originally owned by the Tata&nbsp;Group over twenty years ago&nbsp;</li>
<li>Eureka Forbes to be listed on the stock exchanges post demerger&nbsp;</li>
<li>Shapoorji Pallonji Group currently has over Rs 20,000 cr in debt</li>
</ul>

Eureka Forbes Ltd (EFL), a 100% subsidiary of Forbes &amp; Company Ltd will be demerged into a standalone company and then be listed on the BSE

Shapoorji Pallonji&nbsp;Group is parting with it's 'family jewel' in the consumer pack as it sells Eureka Forbes to&nbsp;PE group Advent for Rs 4,400 cr.&nbsp;
Eureka Forbes a loss-making business, is a subsidiary of listed Forbes &amp; Co. As per the agreement it will be demerged from the company and will be listed separately.&nbsp;
The Tata's were the original owners of the Forbes firm which the the Pallonji family had bough&nbsp;almost two decades ago. With over 20 million customers&nbsp;Eureka Forbes is among the largest vacuum cleaner and water purifier brands in India.&nbsp;
The deal will help Shapoorji group pare its Rs 20,000 crore&nbsp;out of which nearly Rs 11,000 cr is under Covid-19 relief program provided by the RBI.&nbsp; The Shapoorji Pallonji&nbsp;Group currently has Rs 10,900 crore&nbsp;as debt.&nbsp;

Tata Sons, through its wholly-owned subsidiary Tata Digital, has acquired a majority stake of 64% in&nbsp;e-grocery seller&nbsp;BigBasket.&nbsp;
The&nbsp;₹9,500 crore deal puts&nbsp;Tata Group in a direct race with Amazon, Flipkart,&nbsp;JioMart&nbsp;and SoftBank-backed&nbsp;Grofers.
The deal comes at a time when the Covid-19 pandemic and resultant lockdowns have spurred a big shift to online shopping, especially for food and groceries.&nbsp;
Tata Digital is building 'Super App' that will provide a single-point access to a variety of Tata consumer businesses and looks to strengthen its e-tail portfolio through the acquisition.

Tata Sons puts BigBasket in its shopping cart

Tata Sons, through its wholly-owned subsidiary Tata Digital, has acquired a majority stake of 64% in&nbsp;e-grocery seller&nbsp;BigBasket.&nbsp;

Tata Sons, through its wholly-owned subsidiary Tata Digital, has acquired a majority stake of 64% in&nbsp;e-grocery seller&nbsp;BigBasket.&nbsp;
The&nbsp;₹9,500 crore deal puts&nbsp;Tata Group in a direct race with Amazon, Flipkart,&nbsp;JioMart&nbsp;and SoftBank-backed&nbsp;Grofers.
The deal comes at a time when the Covid-19 pandemic and resultant lockdowns have spurred a big shift to online shopping, especially for food and groceries.&nbsp;
Tata Digital is also building a 'Super App' that will provide a single-point access to a variety of Tata consumer businesses and looks to strengthen its e-tail portfolio through the acquisition.

As the vaccine shortage continues large conglomerates are looking to import vaccines for employees as per reports.&nbsp;
Mint reports that as per sources Tata Group is likely to float a global tender for vaccines very soon. Tata Group has over 70,000 employees across the salt to software empire and is already working on the backend logistics for importing the jabs.&nbsp;
Reports also indicate that Mukesh Ambani promoted Reliance Industries is seeking tie-ups with global manufacturers to procure vaccines directly for its employees.&nbsp;

Ambani to Tata gear to import vaccines as shortage continues

Ambani to Tata gear to import Covid-19 vaccines as shortage continues.

India Inc looks to import jabs as shortage continues

As the vaccine shortage continues large conglomerates are looking to import vaccines for employees as per reports.&nbsp;
Mint reports that as per sources Tata Group is likely to float a global tender for vaccines very soon. Tata Group has over 70,000 employees across the salt to software empire and is already working on the backend logistics for importing the jabs.&nbsp;
Reports also indicate that Mukesh Ambani promoted Reliance Industries is seeking tie-ups with global manufacturers to procure vaccines directly for its employees.&nbsp;

14 listed companies,&nbsp;totaling&nbsp;a value of ₹10.1 lakh crore, that&rsquo;s the value held in the stock market by the salt to software conglomerate Tata Sons. The massive rally in Tata Steel due to the global metal&nbsp;supercycle, supported by Tata Motors and Power as well has supported the&nbsp;upmove&nbsp;largely given by the heavyweight TCS. Overall&nbsp;the value of Tata Sons&rsquo; holdings is up a whopping 86% in just one year.&nbsp;

₹10 lakh crore: The worth of listed holdings of Tata Sons

14 listed companies,&nbsp;totaling&nbsp;a value of ₹10.1 lakh crore, that&rsquo;s the value held in the stock market by the salt to software conglomerate Tata Sons. The massive rally in Tata Steel due to the global metal&nbsp;supercycle, supported by Tata Motors and Power as well has supported the&nbsp;upmove&nbsp;largely given by the heavyweight TCS. Overall&nbsp;the value of Tata Sons&rsquo; holdings is up a whopping 86% in just one year.&nbsp;

Exactly a month after the Supreme Court ruled in favour of the Tata&nbsp;Group in the Mistry vs Tata&nbsp;Sons case, the&nbsp;Shapoorji Pallonji Group has filed a review petition before the Supreme Court challenging the top court's decision.&nbsp;The Supreme Court in it's judgment&nbsp;last month&nbsp;had set aside the December 2019&nbsp;order of National Company Law Appellate Tribunal&nbsp;(NCLAT) which had reinstated Cyrus Mistry as the Chairperson of Tata Sons Limited.Except the question of stake valuation, the apex court in it's March 26 verdict had ruled on all questions in favour of the Tata&nbsp;Group.&nbsp;

Tata vs Mistry back in court as Shapoorji Pallonji Group files review petition before Supreme Court 

Shapoorji Pallonji Group files review petition before the Supreme Court challenging the apex court's decision on March 26 favouring the Tata&nbsp;Group.&nbsp;

Tata vs Mistry; the corporate saga takes a new twist

<ul>
<li>Tata&nbsp;vs Mistry&nbsp;case back in Supreme Court&nbsp;</li>
<li>Shapoorji Pallonji Group file review petition against SC decision on Tata&nbsp;vs Mistry&nbsp;</li>
<li>SC had ruled in favour of the Tata&nbsp;Group on March 26&nbsp;</li>
</ul>

Exactly a month after the Supreme Court ruled in favour of the Tata&nbsp;Group in the Mistry vs Tata&nbsp;Sons case, the&nbsp;Shapoorji Pallonji Group has filed a review petition before the Supreme Court challenging the top court's decision.&nbsp; The Supreme Court in it's judgment&nbsp;last month&nbsp;had set aside the December 2019&nbsp;order of National Company Law Appellate Tribunal&nbsp;(NCLAT) which had reinstated Cyrus Mistry as the Chairperson of Tata Sons Limited. Except the question of stake valuation, the apex court in it's March 26 verdict had ruled on all questions in favour of the Tata&nbsp;Group.&nbsp;

As the shortage of oxygen becomes acute across the country India Inc is stepping up to help out. Mukesh&nbsp;Ambani&nbsp;promoted Reliance Industry has&nbsp;increased supply of medical grade oxygen 7-fold to 700 tonnes a day.&nbsp;The supplies being made to states like Gujarat, Maharashtra and Madhya Pradesh&nbsp;and&nbsp; will provide relief to over 70,000 critically ill patients everyday. The company plans to raise medical-grade oxygen production capacity to 1,000 tonnes.Tata&nbsp;Group has also announced that they will import 24 cryogenic containers via special charter flights to supplement critical supply of medical oxygen.

RIL increases oxygen supply 7 fold, Tata imports containers as shortage turns acute

Reliance Industry to provide 700 tonnes of oxygen per day, Tata&nbsp;Group to import containers via special charter.&nbsp;

Ambani, Tata step up to reduce acute shortage of oxygen

<ul>
<li>Mukesh&nbsp;Ambani, Tata&nbsp;Group step up to provide oxygen&nbsp;</li>
<li>RIL&nbsp; to provide 700 tonnes oxygen to Gujarat, Maharashtra, Madhya Pradesh</li>
<li>RIL&nbsp;to ramp up oxygen production to 1000 tonnes/day&nbsp;</li>
<li>Tata&nbsp;Group to import&nbsp;24 cryogenic containers</li>
<li>Tata&nbsp;Group to import containers via special charter flights</li>
</ul>

As the shortage of oxygen becomes acute across the country India Inc is stepping up to help out. Mukesh&nbsp;Ambani&nbsp;promoted Reliance Industry has&nbsp;increased supply of medical grade oxygen 7-fold to 700 tonnes a day.&nbsp;The supplies being made to states like Gujarat, Maharashtra and Madhya Pradesh&nbsp;and&nbsp; will provide relief to over 70,000 critically ill patients everyday. The company plans to raise medical-grade oxygen production capacity to 1,000 tonnes. Tata&nbsp;Group has also announced that they will import 24 cryogenic containers via special charter flights to supplement critical supply of medical oxygen.

The passenger vehicle waiting period escalated to as high as seven months even as some reports suggest that about a million Indians are in the queue.
The Federation of Automobiles Dealers Association in a recent report claimed that almost half of the PV dealers lost more than 20% of their sales due to supply-side constraints.
Global shortage of wafers which is an input for semiconductor, continued to linger around and kept the PV waiting period high, FADA said in the report.
Moreover, a significant rise in personal mobility needs has given a push to the demand, leading to almost half a million waiting to buy a used car and another half a million Indian are waiting to buy the car they have booked, as reported by the Economic Times.
Due to the waiting period, fewer people are looking to exchange their old cars with new and the repossession by financiers has also declined because of the moratorium benefits. This has lead to a supply shortage in the used car market.

'Seven months': that's the waiting period to buy a new car; a million in queue

The passenger vehicle waiting period escalated to as high as seven months even as some reports suggest that about a million Indians are in the queue.
The Federation of Automobiles Dealers Association in a recent report claimed that almost half of the PV dealers lost more than 20% of their sales due to supply-side constraints.
Global shortage of wafers which is an input for semiconductor, continued to linger around and kept the PV waiting period high, FADA said in the report.
Moreover, a significant rise in personal mobility needs has given a push to the demand, leading to almost half a million waiting to buy a used car and another half a million Indian are waiting to buy the car they have booked, as reported by the Economic Times.
Due to the waiting period, fewer people are looking to exchange their old cars with new and the repossession by financiers has also declined because of the moratorium benefits. This has lead to a supply shortage in the used car market.

Tata Altroz i-Turbo | First Drive | autoX

With the Altroz, Tata has made a successful entry into the premium hatchback segment. But, what the Altroz lacked was a powerful petrol engine, and Tata is changing that with the introduction of the 1.2-litre turbocharged engine in the Tata Altroz. Now powered with 108bhp and 140Nm, the engine offers enhanced performance and better drivability in the Altroz. Also added to the Altroz are smart connectivity options. Question is, does the new engine make the Tata Altroz a better package and a better rival to the Hyundai i20 and Maruti Suzuki Baleno? We drive it to find out.&nbsp;

Sensex ends 162 points in green, Nifty at 11,937

After a highly volatile session influenced by the European markets, Indian equity benchmarks ended in the green on Wednesday.
The Sensex&nbsp;ended 162 points up at 40,707 and the Nifty closed at 11,937, 0.34% higher.
Powergrid, Bharti&nbsp;Airtel, Tata&nbsp;Steel, Hindalco and GAIL were the top five Nifty gainers.
The rupee depreciated 9 paise to settle at 73.58 against the US dollar.
&nbsp;

40,707.31 +162.94 +0.40%
11,937.65&nbsp; 40.85 (0.34%)

After a highly volatile session influenced by the European markets, Indian equity benchmarks ended in the green on Wednesday.
The Sensex&nbsp;ended 162 points up at 40,707 and the Nifty closed at 11,937, 0.34% higher.
Powergrid, Bharti&nbsp;Airtel, Tata&nbsp;Steel, Hindalco and GAIL were the top five Nifty gainers.
The rupee depreciated 9 paise to settle at 73.58 against the US dollar.
&nbsp;

Tata wins bid to construct new parliament building at ₹861 cr 

The Tata Projects Limited on Wednesday won the bid to construct a new Parliament building at a cost of ₹861.90 crore. The L&amp;T Ltd had submitted a bid of ₹865 crore.&nbsp;

Tata wins bid to construct new parliament New Parliament building at a cost of ₹861.90 cr &amp;T Ltd had submitted a bid of ₹865 crore Central Vista to be completed in 21 months &nbsp;&nbsp; &nbsp;

The Tata Projects Limited on Wednesday won the bid to construct a new Parliament building at a cost of ₹861.90 crore. The L&amp;T Ltd had submitted a bid of ₹865 crore. The new Parliament building will be constructed close to the existing one under the Central Vista redevelopment project, and it is expected to be completed in 21 months. According to the Central Public Works Department, the new building will come up at plot number 118 of the Parliament House Estate. The CPWD said the existing Parliament building will continue to function during the entire period of execution of the project.

Sensex, Nifty start the week with high volatility

Indian equity markets were very volatile in the opening session on Monday amid mixed Asian peers.
At 9:20 am the Sensex was 33 points in the green at 38,390 and the Nifty was trading 0.29% up at 11,367.
Infratel, Tata&nbsp;Motors, Hindalco, DRL and Tata&nbsp;Steel were the top Nifty gainers. Whereas M&amp;M, Kotak&nbsp;Mahindra&nbsp;Bank, Zee, HDFC&nbsp;Bank and UPL were the top losers.

11,367.15&nbsp; 33.30 (0.29%)
38,390.46 +33.28 +0.09%

Indian equity markets were very volatile in the opening session on Monday amid mixed Asian peers.
At 9:20 am the Sensex was 33 points in the green at 38,390 and the Nifty was trading 0.29% up at 11,367.
Infratel, Tata&nbsp;Motors, Hindalco, DRL and Tata&nbsp;Steel were the top Nifty gainers. Whereas M&amp;M, Kotak&nbsp;Mahindra&nbsp;Bank, Zee, HDFC&nbsp;Bank and UPL were the top losers.

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