Tuesday, July 29, 2025

Creating liberating content

Related News

India’s trade performance showed strength in the first quarter of financial year 2026, as reported in the Monthly Economic Review by the Department of Economic Affairs (DEA).The report, cited by

Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later

Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000

Jane Street wrote to the Securities and Exchange Board of India (Sebi) requesting additional time to address allegations of market manipulation in the derivatives sector.“We are engaging constructively with Sebi

The minimum amount for application is ₹100 and in multiples of 100 during the NFO, making it easy and accessible for investors. (AI image) Bangalore: Zerodha Fund House has launched

Lenskart, an omnichannel eyewear retailer, has submitted a DRHP for its IPO, aiming to raise Rs 2,150 crore in fresh capital.The offering includes an OFS component of 132.2 million shares

Trending News

Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later

Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000

The minimum amount for application is ₹100 and in multiples of 100 during the NFO, making it easy and accessible for investors. (AI image) Bangalore: Zerodha Fund House has launched

Lenskart, an omnichannel eyewear retailer, has submitted a DRHP for its IPO, aiming to raise Rs 2,150 crore in fresh capital.The offering includes an OFS component of 132.2 million shares

Singapore Airlines said it’s upbeat about travel demand over the peak summer travel period, even as the carrier weathers a slump in profit due to losses at Air India. The

MUMBAI: IndusInd Bank returned to profit in Q1FY25, although net profit fell sharply by 72.2% to Rs 604.1 crore from Rs 2,170.7 crore a year earlier. The decline was driven

Tata Sons board gives senior executive clean chit over link with family co

Word Count: 646 | Estimated Reading Time: 4 minutes


Tata Sons board gives senior executive clean chit over link with family co

MUMBAI: The Tata Sons board has exonerated company secretary Suprakash Mukhopadhyay of any breach of the Tata code of conduct. This comes after the board, on Thursday, reviewed an internal investigation report regarding his involvement and connection with Divinion, a financial services company owned by his family. The directors reviewed and accepted the report, which concluded Mukhopadhyay did not intentionally violate the code of conduct despite failing to make necessary disclosures to the appropriate authority within Tata Sons, sources familiar with the matter said. Mukhopadhyay faced scrutiny for facilitating or seeking investments from present and past Tata employees, and external parties associated with Tata Sons. N Chandrasekaran, chairman of Tata Sons, had commissioned the report after concerns were raised about potential conflict of interest between Mukhopadhyay’s connection to Divinion Advisory Services and his role within the group. “The board extensively discussed the report and ultimately gave Mukhopadhyay a clean chit,” sources said. On Wednesday, the board of Tata Trusts, the parent of Tata Sons, also deliberated on the report and recommended that its nominated directors act in accordance with what is right.Divinion, established in Dec 2020, manages assets worth more than Rs 90 crore. Mukhopadhyay’s wife and two daughters own 33.3% each in Divinion, which sponsors the Divinion Alternative India Fund. DAIF had launched a scheme called Divinion Dynamic Fund. The financial services firm’s management team and board members include former Tata Group employees and affiliated professionals. Former TCS CFO S Mahalingam serves as a director of Divinion, while former Tata Asset Management COO Hormuz Bulsara is the CEO. CA T P Ostwal, whose firm has had a long association with Tata entities, also sits on Divinion’s board. His firm audited Divinion in FY21 and Tata Sons in FY23 and FY24. KBJ & Associates, Divinion’s auditor for FY22-FY24, worked with some TCS subsidiaries in FY24. The Tata Sons board also reviewed the company’s Q4 FY25 financial results, among other matters.





Source link

Sign In

Welcome ! Log into Your Account