Business

Two weeks after Mehli Mistry's removal from the board of Tata Trusts, the Sir Dorabji Tata Trust's Board of Trustees has approved the appointment of Bhaskar Bhat and Neville Tata as trustees, effective November 12, 2025, for three years. The recent changes indicate that Noel Tata is strengthening his position within Tata Trusts. The SDTT board appointed Venu Srinivasan, head of TVS, as a trustee for three years beginning November 12, 2025, and designated him as Vice Chairman of SDTT, adhering to legal and regulatory standards. Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the primary trusts within Tata Trusts, overseeing several smaller trusts. Key board members of Sir Dorabji Tata Trust include Neville, proposed by Darius Khambata, and Bhat, proposed by Vijay Singh, along wit...

Byatikram Group, in collaboration with The Times of India and Rabindranath Tagore Club Laban, Shillong, successfully hosted the second edition of “Remembering the Maestro – S.D. Burman” at U SosoTham Auditorium, highlighting the growing market potential of the Northeast’s cultural and entertainment sector. The event received support from the Government of Tripura, Meghalaya’s Department of Arts and Culture, HDFC Bank, The Illumis Clinic, NERIM, and NEDFi, signaling strong public-private engagement in promoting heritage-driven initiatives. The evening commenced with Meghalaya Governor Shri Chandrashekhar H. Vijayashankar, followed by a 69-artist medley representing the maestro’s 69-year life, delivered by the Bahaar Group. Felicitations for distinguished guests, including legal, artisti...

Medanta Global Health Limited (NSE: Medanta, BSE: 543654), a leading multi-specialty tertiary care provider, has launched its sixth hospital, a 550-bed super-specialty facility in Noida, strengthening its presence in the Delhi/NCR healthcare market. Operational since September 2025 with 226 beds, 81 ICU beds, and five operating theatres, the hospital has onboarded 151 doctors and integrated advanced medical technologies, reflecting the growing demand for high-quality healthcare infrastructure. For Q2 FY2026, Medanta reported consolidated total income of INR 11,189 million, up 14.8% year-on-year, with net profit rising 21.1% to INR 1,584 million. EBITDA excluding Noida increased 13.7% to INR 2,804 million. Mature hospitals generated revenue of INR 7,200 million, while developing hospita...

Jindal (India) Limited, part of prestigious B.C. Jindal Group and one of the leading downstream steel products manufacturers in India, successfully conducted “Milaap” retailer meet in Shillong, Meghalaya.The event brought together senior officials from the company and served as a platform to connect and engage with prominent retailers in the region. Organized in association with Power Roofings, the meet witnessed participation from over 90 retailers. As part of its continued focus on regional outreach and market expansion, Jindal (India) Limited is actively organizing these events to strengthen its presence across regions in India. At the Shillong retailer meet, Jindal (India) showcased its portfolio of advanced coated steel products, each developed to cater to industry-specific requireme...

Shares of Vodafone Idea Ltd. surged up to 8% on Tuesday, November 11, following the company’s September quarter results, which showed a sequential improvement with losses narrowing, aided by a one-time reversal of interest expenses. Revenue for Q2 grew 1.6% quarter-on-quarter (QoQ) to ₹11,200 crore, surpassing expectations of flat growth, while the EBITDA margin inched up slightly to 41.9% from 41.8% in the previous quarter. The net loss fell to ₹5,500 crore from ₹6,600 crore in Q1, better than analysts’ estimate of ₹6,800 crore, supported by reduced interest costs. Cash EBITDA (ex-IndAS) rose 3% QoQ to ₹2,250 crore, exceeding projections by 2.5%. The subscriber base fell by 1 million, but average revenue per user (ARPU) increased to ₹180 from ₹165. Vodafone Idea’s gross debt, inclu...

Mrs. Universe Finalist Zoya Sheikh has launched KARA Miss & Mrs Maharashtra 2025, Mrs. India Supranational and Mrs. Supranational empowering women with a global platform for recognition and confidence. Founder and Managing Director of KARA ZOYA Pvt. Ltd., Mrs. Zoya Siraj Sheikh, who was crowned Mrs. Maharashtra 2022 and Mrs. Universe 2022-23 (3rd Runner-Up), now brings three grand pageants that celebrate beauty, personality, and purpose. Mrs. Zoya Siraj Sheikh, “Every woman has a story, a strength, and a sparkle that deserves to be seen. Through KARA’s pageants, we are not just celebrating beauty—we are celebrating courage, confidence, and individuality. My vision is to give women across the world a platform where they can rise, inspire, and shine without limitations.” The competit...

Early Lenskart investor and entrepreneur Ronnie Screwvala has defended the eyewear brand’s IPO pricing, saying co-founder and CEO Peyush Bansal deliberately set it about 20% below the company’s true value. Speaking to Moneycontrol ahead of Lenskart’s market debut, Screwvala compared the firm with Titan EyePlus, noting that although Titan had been around for years, it never expanded India’s eyewear market the way Lenskart has. Lenskart, which is set to list next week with an estimated valuation of ₹70,000 crore ($7.97 billion), has faced scrutiny over its pricing. Screwvala argued that Lenskart’s strong fundamentals, omnichannel execution, and predictable growth justify its valuation. He said the company’s compound annual growth rate (CAGR) is among the most consistent in the industry, ...

India’s passenger vehicle market has undergone a clear shift in consumer demand following the GST rate cuts in September 2025, with compact SUVs gaining ground while hatchbacks continue to lag despite minor recoveries. Hatchbacks and small cars, once dominant with a 46% share in FY2019, have dropped to about 23% in FY2025. In contrast, sub-4m SUVs now account for over 30% of sales, up from 27% a year earlier. The GST revision lowered taxes on most vehicles to 18% from 29–31%, while luxury cars saw rates trimmed to 40%, improving affordability and boosting sales by 4.4% year-on-year in September 2025. Hyundai and Tata Motors have reported stronger SUV sales since the reform, with Hyundai’s SUVs making up 72.4% of domestic sales and Tata achieving record volumes. Mahindra’s SUV sales als...

Bajaj Finance Ltd. recorded a 27% year-on-year increase in festive season loan volumes, disbursing approximately 63 lakh loans between September 22 and October 26, 2025. The non-bank lender attributed the surge to GST reforms and personal income tax changes that boosted consumer purchasing power. Notably, 52% of the 23 lakh new customers acquired were first-time borrowers, advancing financial inclusion efforts. Chairman of Bajaj Finance Limited, Sanjiv Bajaj highlighted a premiumization trend, with consumers upgrading purchases despite lower average loan sizes. TV financing showed clear evidence: 71% of financed televisions were 40-inch screens or larger, up from 67% last year. Lower GST rates on TVs and air-conditioners enabled customers to reduce loan sizes by 6% while purchasing ...

India’s services sector growth slowed in October, slipping to a five-month low after reaching a 15-year high in August, as weaker export demand and rising global competition weighed on new business and output, according to a private survey released Thursday. The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 58.9 in October from 60.9 in September and 62.9 in August — the lowest since May. Despite the decline, the index has stayed above the 50-point mark that separates growth from contraction for over four years, reflecting continued resilience in the sector. The survey noted that while demand strength and GST relief supported operating conditions, factors such as stiff competition and heavy rainfall limited growth. Firms, however, remained ...