Mumbai, June 24 (IANS) Noel Tata has announced that he will step down as chairman of Trent Limited, bringing to a close an association of nearly three decades with the Tata Group’s flagship retail company. The announcement was made during the company’s 47th Annual General Meeting.Addressing shareholders, Tata said that the meeting would be his last as chairman of the company. The veteran business leader, who will turn 70 in November, is set to retire in line with the Tata Group’s governanc…
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Mumbai, Jan 6 (IANS) Shares of Tata Group retailer Trent Limited plunged sharply on Tuesday, rattling investors despite the company reporting double-digit revenue growth for the December quarter. The stock fell as much as 8.3 per cent to Rs 4,060.65 on the BSE, wiping out nearly Rs 13,000 crore in market capitalisation.The sharp sell-off came even as Trent posted a 17 per cent year-on-year (YoY) rise in standalone revenue to Rs 5,220 crore in the October–December quarter.However, investors foc…