Mumbai, May 26 (IANS) A marathon board meeting of Tata Sons held at Bombay House in Mumbai on Tuesday focused extensively on the financial performance, future projections and strategic direction of several loss-making group businesses amid growing engagement between Tata Sons and Tata Trusts.The nearly six-and-a-half-hour meeting, which lasted from 10 a.m. to 4.30 p.m. with a lunch break in between, was described by sources as an “involved interaction” where several group CEOs made detailed …

Mumbai, May 26 (IANS) The Centre will sell up to a 2 per cent stake in public sector mining giant Coal India Limited (CIL) through an offer for sale (OFS) from May 27 to May 29, the company informed the stock exchanges on Tuesday.The floor price for the offer has been set at Rs 412 per equity share, which represents a 10 per cent discount on Tuesday’s closing price of Rs 455.90 on the National Stock Exchange (NSE).The government has proposed to sell 6.16 crore equity shares, constituting 1 per…

Mumbai, May 26 (IANS) Union Bank of India on Tuesday approved a plan to raise up to Rs 8,000 crore through a mix of equity and debt instruments to strengthen its capital base and support future business growth.In a regulatory filing to the BSE, the bank said its board of directors, in a meeting held on May 26, 2026, approved the capital-raising proposal.“We wish to inform you that the Board of Directors in its meeting held on May 26, inter-alia, considered and approved: Capital plan of the ban…

New Delhi, May 26 (IANS) Union MoS Science & Technology, Earth Sciences Dr. Jitendra Singh inaugurated an indigenously built Plasma Enhanced Chemical Vapor Deposition system at the Indian Association for the Cultivation of Science (IACS) campus in Kolkata, an official statement said on Tuesday. The system was developed for fabrication of India’s first amorphous silicon solar cell, the statement from the Ministry of Science & Technology said, adding that the minister also inaugurated th…

New Delhi, May 26 (IANS) Rising concerns over fuel prices and the government’s strong push for clean mobility are accelerating the demand for electric vehicles (EVs) in Gujarat’s Surat, where buyers are increasingly shifting towards EVs due to lower running costs, tax benefits and improving charging infrastructure.Speaking to IANS on the growing popularity of EVs, Assistant RTO Ankit Shah said people have strongly supported Prime Minister Narendra Modi’s appeal to adopt electric mobility a…

London, May 29 (IANS) The Board of British oil giant BP PLC announced on Tuesday that it has unanimously decided that Albert Manifold should no longer serve as Chair and Director of the company, with immediate effect, following serious concerns raised with it related to important governance standards, oversight, and conduct. However, the London-headquartered company has not disclosed any details regarding the nature of the conduct and governance issues. Manifold had joined BP in October last yea…

New Delhi, May 26 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) has tightened rules on top executive remuneration, linking their bonuses and incentives to measurable customer outcomes, financial health and transparency disclosures. IRDAI said remuneration of Key Management Personnel (KMPs) including chief executives must be aligned with defined performance parameters such as claims settlement speed, grievance redressal and product performance.Cost efficiency, policy rete…

New Delhi, May 26 (IANS) India-based founders are building AI for global customers in close collaboration with partners and investors worldwide, Jay Parikh, Executive Vice President of CoreAI at Microsoft said on Tuesday.India combines developer velocity and scale, rapid enterprise adoption of AI and digital public infrastructure that uniquely position the country to deploy AI at population scale, Parikh said.He mentioned GitHub’s community in India of over 27 million developers, with over 2 m…

New Delhi, May 26 (IANS) India’s cyber security agency CERT-In has warned that the rapid adoption of artificial intelligence is dramatically reshaping the global cybersecurity landscape, with cybercriminals increasingly using advanced AI tools to launch faster, more sophisticated attacks.In its latest cybersecurity blueprint, CERT-In said technologies such as generative AI, large language models (LLMs), autonomous agents and AI-powered automation platforms are now being actively exploited by a…

Mumbai, May 26 (IANS) The National Stock Exchange of India has barred Yes Securities from onboarding new clients for a period of three months after identifying violations related to upfront margin collection and penalty recovery practices.In its disciplinary order, the NSE said the brokerage failed to maintain the required upfront margins in several instances and later transferred the penalties imposed by the clearing corporation to its clients.According to the exchange, such practices violated …