Darius Khambata declined another term at Tata Trusts, saying a September 17 board decision damaged the company's reputation. Meanwhile, SEBI recommended scrapping LTCG tax for foreign investors to boost markets. On Monday, the Sensex gained 1.66% and Nifty rose 1.68%, while IndiGo started developing premium cabins for its international expansion.
Tata Trusts:Darius Khambata declines another trustee term, alleging Tata Sons' September 17 board decision damaged its reputation.
SEBI:Recommends scrapping LTCG tax for foreign investors and offering tax relief to domestic mutual fund investors.
Markets:Sensex gains 1.66% and Nifty rises 1.68%, led by Reliance Industries, easing crude prices and strong earnings.
IndiGo:Develops premium cabins and reviews fuel hedging as it expands internationally, with A350 deliveries expected from 2028.
Darius Khambata declines another term with Tata Trusts, says Tata Sons reputation sullied following September 17 board meet
https://www.thehindubusinessline.com/companies/darius-khambata-steps-down-from-tata-trusts-says-tata-sons-reputation-sullied-following-september-17-board-meet/article71656292.ece
Tata Trusts board member Darius Khambata has declined another term as trustee, alleging that Tata Sons directors damaged the company's reputation by approving Chairman N Chandrasekaran's third term on September 17. The decision divided the board, with Noel Tata dissenting and seeking records of the meeting.
SEBI proposes scrapping LTCG tax on foreign investors, seeks relief for mutual fund investors
https://www.thehindubusinessline.com/markets/sebi-proposes-scrapping-ltcg-tax-on-foreign-investors-seeks-relief-for-mutual-fund-investors/article71655619.ece
SEBI has recommended that the government scrap long-term capital gains tax on foreign investors and offer tax relief to domestic mutual fund investors to boost India's equity markets. The proposals come amid record foreign outflows and weak market returns, with the final decision resting with the government ahead of the February budget.
Reliance fuels Nifty's best single-day jump in months; Sensex reclaims 75,600
https://www.thehindubusinessline.com/markets/reliance-fuels-niftys-best-single-day-jump-in-months-sensex-reclaims-75600/article71656555.ece
Indian markets rallied for a third straight session on Monday, with the Sensex rising 1.66% and the Nifty gaining 1.68%, led by Reliance Industries' strongest single-day gain since April 2020. Falling crude prices, strong corporate earnings and robust GST collections lifted investor sentiment, while markets await key US jobs data and the midterm election outcome.
IndiGo develops premium offering, reviews fuel hedging for international push
https://www.thehindubusinessline.com/economy/logistics/indigo-develops-premium-offering-reviews-fuel-hedging-for-international-push/article71656797.ece
IndiGo is developing premium cabins and reviewing fuel hedging as it expands internationally. CEO Willie Walsh said its first 10 Airbus A350s will feature business, premium economy and economy cabins, with deliveries starting in 2028. The airline is assessing fuel-price risks while remaining unhedged for now.
(Research and VO: Rowan Barnett https://www.thehindubusinessline.com/profile/author/rowan-barnett-22173/ Tata Trusts:Darius Khambata declines another trustee term, alleging Tata Sons' September 17 board decision damaged its reputation. SEBI:Recommends scrapping LTCG tax for foreign investors and offering tax relief to domestic mutual fund investors. Markets:Sensex gains 1.66% and Nifty rises 1.68%, led by Reliance Industries, easing crude prices and strong earnings. IndiGo:Develops premium cabins and reviews fuel hedging as it expands internationally, with A350 deliveries expected from 2028.