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Noel Tata votes against key reappointments at Tata Trust

Noel Tata has voted against extending the terms of trustees Venu Srinivasan and Vijay Singh at the Tata Education and Development Trust (TEDT), highlighting a rare disagreement within the Tata Trusts setup.

The decision came as both trustees were due for reappointment, which required unanimous approval. However, Noel Tata’s opposition led to a split among trustees, delaying a clear outcome.

The issue reflects differences over governance and leadership direction within TEDT. The Tata Trusts typically function through consensus, making this divide notable.

A final decision on the reappointments is still awaited.

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FMCG firms hike prices as costs rise

FMCG companies in India are gradually increasing prices of daily essentials like soaps, biscuits, detergents and packaged foods as inflation and higher input costs weigh on profits.

Rising prices of raw materials, fuel and packaging are forcing firms to pass on costs to consumers through small, steady hikes or reduced discounts. In some cases, pack sizes are also being trimmed.

While demand for essentials remains steady, households are becoming more price-conscious and shifting to smaller packs. Companies are trying to balance affordability with profitability amid ongoing cost pressures.

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300 employees opt for Tata Motors VRS

Around 300 employees have opted for Tata Motors’ voluntary retirement scheme (VRS) introduced across its passenger and commercial vehicle divisions. The scheme was offered to permanent employees aged between 40 and 55 after discussions with worker unions.

Employees choosing the VRS were offered compensation based on age and years of service, along with medical and retirement-related benefits. Reports said around 750 employees were eligible for the programme.

The step comes as Tata Motors focuses on improving operational efficiency and expanding its electric vehicle business, where increased automation is gradually changing manufacturing requirements.

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Gautam Adani meets Vietnam President in Mumbai

Industrialist Gautam Adani met visiting Vietnamese President To Lam in Mumbai on Thursday in a brief interaction following a major India–Vietnam business forum. The meeting reportedly lasted around 15 minutes and took place at a hotel in south Mumbai. No official details of the discussion were released by either side.

The interaction is being seen as part of broader efforts to strengthen trade and investment ties between India and Vietnam during the President’s official visit. The visit has focused on expanding cooperation in infrastructure, energy, manufacturing, and other key sectors. Adani Group has shown interest in Southeast Asia, including Vietnam, for future investments.

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Tata Trusts postpones crucial board meeting

Tata Trusts has postponed its key board meetings to May 16 amid ongoing legal challenges and governance concerns linked to Tata Sons.

The meetings of Sir Dorabji Tata Trust and Sir Ratan Tata Trust were earlier scheduled for May 8 and were expected to discuss important matters related to board representation and Tata Sons’ future structure.

The postponement follows petitions filed in the Bombay High Court challenging certain trustee decisions.

Although the court declined immediate intervention, the issue has intensified scrutiny around governance within the Trusts. Tata Trusts, chaired by Noel Tata, remains the largest shareholder in Tata Sons.

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Zee sues Reliance–Disney, Nykaa over music use

Alleges unauthorised use of songs in streaming and Instagram promotions.

Zee Entertainment has filed separate copyright cases against Reliance–Disney joint venture and Nykaa, alleging unauthorised use of its music without valid licences.

In the Reliance–Disney case, Zee claims its songs were used on streaming and broadcast platforms even after agreements expired. It is seeking damages of about $3 million for multiple alleged violations.

In a second case, Zee has accused Nykaa of using its songs in Instagram promotional reels without permission. It has sought around ₹2 crore in damages. Nykaa has removed the content, while both matters are pending in court.

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Rupee dips on rising oil, US–Iran talk uncertainty

The Indian rupee fell 28 paise to 94.77 against the US dollar in early trade on Thursday, pressured by rising crude oil prices and global uncertainty.

Traders said the currency weakened after a brief recovery in the previous session as Brent crude climbed back above the $100 per barrel mark. Market sentiment was also affected by ongoing US–Iran talks, which created volatility in oil prices.

Since India relies heavily on oil imports, higher crude prices increase dollar demand and weigh on the rupee. Foreign fund outflows and cautious global sentiment added further pressure on the currency’s movement.

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Coforge profit more than doubles to ₹612 cr in Q4

IT services firm Coforge posted a strong set of results for the fourth quarter, with its net profit more than doubling to ₹612 crore, marking a 144% jump compared to the same period last year. The company’s performance was supported by healthy deal wins and steady demand from global clients.

Revenue also grew 30% year-on-year to ₹4,450 crore, driven mainly by strong business in key international markets, especially the Americas. Coforge said new contracts and consistent execution helped boost overall momentum during the quarter.

The company remains optimistic as demand for digital transformation services continues to support growth.

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NSE posts 8% rise in Q4 profit to ₹2,871 cr

The National Stock Exchange (NSE) reported an 8% year-on-year rise in consolidated net profit to ₹2,871 crore for the March quarter, compared to ₹2,650 crore a year earlier. Revenue from operations jumped 32% to ₹4,968 crore, driven by higher trading volumes in equity and derivatives segments.

Transaction charges remained the biggest revenue source, supported by strong market activity. The board has recommended a dividend of ₹35 per share for FY26, subject to approval.

The results highlight steady growth in profitability and trading activity, reflecting continued investor participation in India’s capital markets.

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SC allows US lenders on Byju’s creditor panel

The Supreme Court of India has dismissed a plea by Byju Raveendran, allowing US lenders to be part of Byju’s’ creditor panel.

The ruling strengthens the position of lenders in the ongoing insolvency proceedings of the embattled edtech firm.

Raveendran had challenged the inclusion of these lenders, but the court rejected his arguments, paving the way for their participation in key decisions related to the company’s future.

The move is seen as a setback for the founder, as creditors gain greater influence over restructuring and recovery plans.