Tata Sons trustees Vijay Singh and Venu Srinivasan opposed the group’s merger proposal on October 2, 2026. Meanwhile, the GST Council will meet on October 7 to discuss input tax credit relief. Also, Anup Bagchi will become HDFC Bank’s new CEO on October 27, marking a major change for the bank.
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Vijay Singh, Venu Srinivasan raise concerns over Tata Sons merger proposal
Tata Sons trustees Vijay Singh and Venu Srinivasan have opposed concerns over the proposed merger of two group firms into Tata Sons. They flagged potential financial and regulatory implications. They also said they were not consulted before the proposal was announced.
GST Council meeting on October 7 may consider ITC relief proposals
The GST Council may consider unblocking input tax credit on employee insurance, outdoor catering, free samples and certain goods written off. The proposal will be discussed on October 7, while ITC on motor vehicles remains unresolved due to concerns over misuse and revenue loss.
Who moved my cottage cheese?
India's paneer market is shifting toward branded products as states tighten restrictions on analogue paneer and FSSAI considers nationwide rules. Dairy companies including Mother Dairy, Amul and Paras Dairy are reporting higher demand and expanding production capacity.
ICICI Group veteran Anup Bagchi to head HDFC Bank
Anup Bagchi will become HDFC Bank's new MD and CEO from October 27, 2026, after RBI approval. The ICICI Group veteran will be the bank's first chief from outside HDFC in its 32-year history, succeeding Sashidhar Jagdishan.