Tax tribunal relief for 3 major Tata trusts, setback for Cyrus Mistry

[Business-Standard]( Daily Newsletter 29 December 2020 | 01:59 AM [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 47353.75 (380.21) [NIFTY]( 13873.20 (123.95) GOLD (MCX 10 GM) 50010.00 (-63.00) SILVER (MCX 1 KG) 68800.00 (1291.00) USD ($) / INR(Rs) 73.73 (-0.1) Front Page [Premium Content][Tax tribunal relief for 3 major Tata trusts, setback for Cyrus Mistry]( Former Tata Sons chairman censured for accessing and supplying records to I-T [Nod for Covid vaccine in the next few days: Serum Institute's Poonawalla]( SII has stockpiled 40-50 mn doses and is adding more every week. Most of these will come to India, as exporting would require fulfilling WHO's ... [Govt calls farmers for talks on Wed, PM says acts will better their lives]( On the agenda are detailed talks on three farm laws, MSP procurement system and Electricity Amendment bill, and ordinance to tackle air ... [Premium Content][Aviation sector hit hard by Covid-19, but recovery may not be far away]( Experts believe nimbler carriers will survive the pandemic's carnage [Premium Content][M-cap share of PSUs at record low of 9.7% despite a strong rally in market]( Continue to cede ground to family enterprises, private sector firms [Brexit to benefit Indian firms only in the long run, say analysts]( Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, ... [Premium Content][If it ain't broke, don't fix it: RBI working paper on 4% inflation target]( Working papers don't necessarily reflect RBI's views, but invariably end up doing just that. This paper, by H K Behera and Michael Patra, could ... [Premium Content][Israel's sales pitch to India: Our artillery gun to support 'Make in India']( Business Standard has reviewed the letter, which was signed last Tuesday by Brigadier General Yair Kulas, director of Sibat - the Israeli ... [PM Modi flags operations of driverless train on Delhi Metro Magenta Line]( Fully operational National Level Common Mobility Card also launched; Trial runs for driverless train had begun in 2016 [Premium Content][Wary of British American Tobacco, govt may not budge on ITC stake sale]( Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops Companies [Reliance Capital raises objection to PFL stake sale by Credit Suisse]( Reliance Mediaworks Financial Services Private Limited, an RCAP Group company, is one of the investors in PFL - promoted by Naresh Malhotra and ... [Premium Content][DLF's rental subsidiary plans to put 'One Horizon Center' in REIT]( DCCDL is a JV between DLF - the largest publicly listed real estate company in India - and Singapore's sovereign wealth fund GIC [Farmers' protest: Over 1,500 telecom towers damaged in Punjab, services hit]( Power supply to towers that relay telecom signals was snapped and cables cut in several parts of the state as farmers vented their anger on the ... [Tesla Inc to start with sales, manufacturing in India next year: Report]( Tesla Inc will come to India early next year, country's transport minister Nitin Gadkari told national daily the Indian Express on Monday. [» Read More Stories in Companies]( Economy & Policy [Premium Content][2020, the year that was: The best of bond rallies amid weak yields]( Rupee among worst-performing Asian currency, but it supported Atmanirbhar campaign [HDFC Bank may appoint new chairman in Jan as Gopinath's tenure set to end]( The tenure of current part-time Chairman Shyamala Gopinath will end on January 1. [Govt lifts ban on onion export, permits trade of all varieties from Jan 1]( The onions, including Bangalore Rose onions and Krishnapuram onions, have been allowed to be exported from January 1, 2021 [India struggled to balance virus containment with economic growth: JPMorgan]( India, Indonesia and the Philippines have struggled to balance virus containment with the need for economic growth [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [Adani Enterp.]( 490.80 3.72 [Adani Ports]( 483.75 1.14 BSE TOP GAINERS Company Price (Rs) Change (%) [Firstsour.Solu.]( 109.20 18.82 [Balmer Lawrie]( 135.25 16.39 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Dish TV India]( 13.94 -5.94 [I T D C]( 331.25 -3.66 [India-dedicated funds pulled out $9.1 billion until November, shows data]( Global emerging market (GEM) funds saw inflows of $718 million, paring the CY20 outflows of such funds to about $1.9 billion [Premium Content][Despite Covid-19 crisis, mid- and small-cap funds see big gains in 2020]( Twenty-five of 46 such schemes, or 54 per cent, outperformed the benchmark indices [Investor wealth rise Rs 8.22 trn in four trading sessions on bullish market]( In four trading sessions, investor wealth jumped Rs 8.22 trillion as markets continued their rally with the benchmark indices recording life ... [Premium Content][Why the bid war for DHFL may well end up being a curse for the winner]( Establishing a greenfield HFC may be cheaper for the bidders than picking up one embroiled in fraud probes [» Read More Stories in Markets]( Opinion [Premium Content][Return of rent-seeking]( PLI schemes have already set off the expected lobbying [Premium Content][Digital dangers]( Unauthorised lending apps must be stopped [Premium Content][India as an Indo-Pacific power has miles to go]( Navy's capabilities are not in sync with the country's desired maritime profile [Premium Content][Fifty shades of media]( India's news broadcasters are a national shame that have polarised Indians and put them off its national pride, cinema [Premium Content][Why companies cut wages despite soaring profits amid Covid-19 pandemic]( Wages account for a relatively small proportion of the total expenses of corporates in India [» Read More Stories in Opinion]( Finance [Premium Content][Why banks should spend on branches despite increased digital penetration]( Though the functions of a branch may have not changed in years, their focus has shifted from transaction to customer retention [AU Small Finance, ICICI Pru Life tie up to offer life insurance solutions]( Through this tie up with ICICI Prudential Life Insurance, AU Bank aims to deliver paperless, secure, and hassle-free life insurance solutions [Asset quality pressure on banks to moderate by FY22-end, says Icra]( Maintains stable outlook on lenders, sees NPAs declining to 2.5% by March 2022, from estimated 3.1% in March 2021 [Rupee rises 4 paise to 73.51 against the US dollar in early trade]( The rupee appreciated by 4 paise to 73.51 against the US dollar in opening trade on Monday as sustained foreign fund inflows and strong domestic ... [» Read More Stories in Finance]( Technology [Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic]( Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems [Owning databases that we help build: Can it end capitalism as we know it?]( Sacrificing some more of our freedom to eternal state surveillance could become a deal with a devil we're growing to know only too well [Google Pixel 6 to come with an under-display selfie camera: Report]( Google is likely to launch its Pixel 6 smartphone next year [Asus ZenBook Flip S (UX371) laptop review: Solid alternative to Dell XPS 13]( Priced at Rs 1,49,990, the ZenBook Flip S (UX371) seems to be a solid laptop for work, play and entertainment. How does it justify its price ... [» Read More Stories in Technology]( PF [Premium Content][Cheque payment to FASTag, rule changes that will affect your money in 2021]( Cheque payments will be safer; the limit for contactless card transactions to increase [» Read More Stories in PF]( Beyond Business [Premium Content][Teachable moments from JNU]( Book review of JNU Stories: The First 50 Years [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===B3b===Xk===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe