Business

18 Sep

FSSAI Flags Promotional Claims and Biotin Non-Compliance in Nestlé Products

nanikaBusiness

The Food Safety and Standards Authority of India (FSSAI) has initiated legal action against Nestlé India over alleged non-compliances involving its infant nutrition products NAN Excella Pro Stage 1 and Lactogen Pro 1. The regulator said it examined the products and their promotional material available on e-commerce platforms and flagged claims including “5 HMOs” and “Whey Protein” for NAN Excella Pro Stage 1 and a claim that whey protein was easy to digest for Lactogen Pro 1. According to FSSAI, the claims contravene provisions of the Food Safety and Standards (Foods for Infant Nutrition) Regulations, 2020, which restrict promotional material…

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18 Sep

Tata AIA Life Insurance launches Shubh SIP to align wealth, protection and retirement planning

Business BureauBusiness

Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) aimed at combining market-linked wealth creation, family protection and retirement planning within a single long-term financial solution. The plan offers market-linked investment opportunities along with Loyalty Additions and Maturity Boosters, subject to applicable policy terms and conditions. Its Waiver of Premium feature includes 1X, 2X and 3X options, while a Family Income Continuation Benefit provides additional monthly income to dependents. The Retirement/Whole Life option enables policyholders to build a retirement corpus and opt for an automatic Systematic Withdrawal Plan (SWP) from age 60, either through…

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18 Sep

Tata Trusts’ Chairman tables proposal for providing liquidity to the SP Group

Business BureauBusiness

At the Board meeting of Tata Sons Private Limited (“Tata Sons”) held today, Chairman, Tata Trusts, Mr. Noel N. Tata, tabled a proposal received from the Shapoorji Pallonji Group (“SP Group”) regarding monetization of a portion of the Tata Sons shareholding held by Sterling Investments Corporation Private Limited (“SICPL”) and Cyrus Investments Private Limited (“CIPL”). This was in the context of meetings and discussions held earlier between Mr. Noel N Tata, Mr. N. Chandrasekaran and Mr. Shapoor Mistry.The transaction envisages a sale of such number of Tata Sons shares held by SICPL and CIPL as would, at a minimum valuation,…

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18 Sep

The Tata Trusts ask Tata Sons to explore options other than Listing – the Tata Model has to be saved

Business BureauBusiness

Mr. Noel N. Tata, at the Tata Sons Board meeting held today, reiterated the position of the Tata Trusts regarding preserving the more than a century old structure of Tata Sons and the Tata Group which has steadfastly stood for the national good.The Tata Trusts have not agreed to listing of Tata Sons. The communication received from the Reserve Bank of India on 11th September 2026 was discussed at the board meeting today. The Board agreed that all available options, and not listing alone, should be thoroughly explored and assessed on an immediate basis, with the findings and recommendations presented…

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18 Sep

Tata Trusts reject Chandrasekaran reappointment, term board resolution legally void

Business BureauBusiness

Tata Trusts on Thursday reiterated that a Tata Sons board resolution seeking the reappointment of N. Chandrasekaran as chairman is legally void, maintaining that his decision not to seek another term had already been accepted and had attained finality. The Trusts said Chandrasekaran had informed the Tata Sons board on August 12 that he would not offer himself for reappointment when his current tenure ends on February 20, 2027. The decision, they said, was made independently and publicly communicated without prior discussions with shareholders. The Trusts formally accepted it on August 13 and advised Tata Sons to begin the process…

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18 Sep

Tata Motors to raise commercial vehicle prices by up to 1% from October 1

Business BureauBusiness

Tata Motors, India’s largest commercial vehicle manufacturer, on Thursday announced a price increase of up to 1% across its range of commercial vehicles, effective October 1, 2026. The company said the price revision has been necessitated by an increase in commodity prices and other input costs. The extent of the hike will vary across models and variants, Tata Motors said. The company, part of the USD 180-billion Tata Group, manufactures utility vehicles, pick-ups, trucks and buses and has more than eight decades of experience in commercial mobility. Its portfolio includes vehicles and technology solutions for applications ranging from last-mile delivery…

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18 Sep

India Sale Starts Today for iPhone 18 Pro and iPhone 18 Pro Max: Explore Prices, Bank Offers, and More

sunnyBusiness

Apple has officially kicked off the retail journey of its much-awaited iPhone 18 Pro series in India starting today, September 18, letting buyers who pre-booked since September 12 finally get their hands on the devices while allowing direct purchases for new customers. The premium lineup—comprising the iPhone 18 Pro and the top-end iPhone 18 Pro Max—is available in four aesthetic shades including Black, Silver, Glacier, and Burgundy, and can be bought through an extensive network of physical and digital storefronts including the official Apple India online and retail stores, Amazon, Flipkart, local authorized resellers, and rapid delivery quick commerce platforms…

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17 Sep

Greek chess star Stavroula Tsolakidou named Player of the Tournament, wins Jawa Silver Knight Bobber

Business BureauBusiness

Greek chess champion Stavroula Tsolakidou has been named Player of the Tournament at the fourth edition of the Global Chess League 2026 and awarded the Jawa All Stars 42 Bobber - Silver Knight. Representing Ganges Grandmasters, the International Master and Woman Grandmaster played a key role in helping her team secure its first Global Chess League title. Tsolakidou, who earned the nickname ‘Greek Goddess’ during the tournament, turned around a difficult start to emerge as one of the competition’s standout performers. Her comeback and individual achievement earned her the Silver Knight Bobber, which recognises players for resilience, team spirit and…

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17 Sep

Tata Sons Approves Fresh Five-Year Tenure Extension for N. Chandrasekaran

sunnyBusiness

The leadership landscape at India's leading conglomerate has taken a fresh turn as the Tata Sons board has reportedly approved another five-year term for N. Chandrasekaran as executive chairman, overriding his earlier announcements that he would not pursue reappointment when his current tenure concludes in February next year, according to Reuters citing internal sources familiar with the matter who noted the decision transpired just days after the Reserve Bank of India rejected an appeal for an exemption from mandatory listing guidelines for Tata Sons, with the precise catalyst for this reversal remaining opaque while sources preferred anonymity over a lack…

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17 Sep

Norway Sovereign Fund, ADIA, and LIC Lead Star-Studded Anchor Lineup for NSE IPO

nanikaBusiness

The National Stock Exchange of India (NSE) finalized an allocation of 3,77,93,739 equity shares to 189 anchor investors at ₹1,785 per share, raising ₹6,746.18 crore ahead of its initial public offering. Marquee global and domestic institutional investors participated heavily, driving total demand in the anchor book to approximately ₹1.2 trillion—representing a massive 20-fold oversubscription. Life Insurance Corporation of India (LIC), the largest existing shareholder in NSE, emerged as the top anchor investor by acquiring 2.24 million shares worth ₹400.3 crore. Other prominent institutional participants included Societe Generale's offshore derivative desk (₹316 crore), Norway’s Government Pension Fund Global (₹250 crore), the…

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