Banks are not keen to lend to CG power as govt agencies step up probe into alleged wrongdoings at the firm.
The financial damage to CG’s balance sheet is now estimated to be in excess of Rs 3,000 crore.
Board may file PMLA complaint, hopes lookout notice will stop Thapar from fleeing country.
Britannia, ITC, Amul and Nestle said sales of their product categories, both premium and essential, continued to grow even as a few large categories witnessed slower expansion.
Godrej Industries reported losses only two times in the past 12 years.
Taxman says trusts’ registrations can only be cancelled; Tatas say they will appeal.
The executives said Walmart wants to have an Indian partner who is “respected” and “has a voice in policymaking”.
Lakshminarayanan is considered one of Tata Sons chairman N Chandrasekaran’s top lieutenants in TCS, he is currently president & CEO of TCS Japan.
The Move is part of strategy to cut costs, boost efficiency by integrating operations that have synergies.
Founders Natarajan, Parthasarathy and Ravanan have promised to stay on and help with the transition.
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