Tata Sons looks to sell Rs 9,000 crore TCS shares to reduce debt

Tata Sons is aiming to raise around Rs 9,362 crore ($1.1 billion) by selling shares of its lucrative unit Tata Consultancy Services (TCS) on Tuesday. This move is part of Tata Sons' efforts to lower its debt burden. The company is restructuring its balance sheet to avoid mandatory public listing under RBI's 'upper layer' NBFC regulations. These regulations require companies to adhere to strict guidelines, including a mandatory listing within three years of notification.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DT5BK2z
>

Comments

Post a Comment

please do not enter any spam link in the comment box.

Popular posts from this blog

Katrina Kaif looks elegant as ever in a ruffled floral midi dress worth Rs. 15,000 for her visit to Sanjay Leela Bhansali's office

Image
Katrina Kaif never fails to make chic fashion statements. Katrina is a stunner on and off social media. Kaif was spotted at ace filmmaker Sanjay Leela Bhansali’s office dressed in a beautiful scarlet and yellow wrap around dress with a cinch at the waist and an asymmetrical ruffled hemline with a plunging’V’ neck. The dress is by Ted Baker London and costs Rs. 15,000 and gives the perfect summe vibe Katrina looked radiant in this colourful pierce with a fresh face a of makeup and an N-95 mask which is mandatory during the pandemic. Katrina being spotted outside SLB’s office makes us all keen about a new announcement from their end! On the work front, Salman Khan and Katrina Kaif started shooting for the actioner in March. The shooting, however, had to be stalled for a while when Katrina tested positive for Covid-19. The first film in the franchise, Ek Tha Tiger directed by Kabir Khan released in 2012. A sequel to the thriller, Tiger Zinda Hai released in 2017. Salman and Katrin...
Read more

Salman Khan reveals the three villains of Radhe-Your Most Wanted Bhai; says they made the film look stronger and bigger

Image
Salman Khan’s upcoming release Radhe-Your Most Wanted Bhai is one of the most anticipated films of the year. Despite the current pandemic situation, Salman Khan has found a way for the film to reach the people. With a hybrid release the film will be available simultaneously in the theatres and on the digital platform ZEE5. Ahead of the release of the film, Salman Khan sat down for a candid chat with a group of journalists from Mumbai. When the trailer of Radhe was released several people couldn't help but be reminded of Salman Khan’s hit film Wanted . The film like Radhe-Your Most Wanted Bhai was also directed by Prabhu Dheva. Moreover, Salman’s last few films have been in the action genre. When asked what makes Radhe different, he said, “The plot is that he makes a commitment to this child whose friend dies and goes and cleans the city out. This is what Radhe is about and in that we have comedy and we have three villains- Sang Hae from Bhutan, Gautam Gulati who was in Bigg ...
Read more

Dia Mirza admits Rehnaa Hai Terre Dil Mein had sexism in it

Image
Bollywood actor Dia Mirzam, who is a model-turned-actor, made her debut in the films with the 2001 film Rehnaa Hai Terre Dil Mein starring alongside R Madhavan and Saif Ali Khan. She witnessed major ups and downs in her career. In her latest interview, she opened up about her early days in the film industry, rampant sexism, and how things have changed over the years. Speaking to Brut India, Dia Mirza said, “People were writing, thinking and making sexist cinema, and I was a part of these stories. Rehnaa Hai Terre Dil Mein has sexism in it.” She further said how in those days, you wouldn't find too many women crew members or that a makeup artist has to be a man whereas a hairdresser will be a female. She said, “When I started working in films, there were at best only 4 or 5 women on any given film crew with a unit strength of over 120, sometimes 180 people. There would just never be any female representation on a film crew, so the gender ratio was skewed. Nobody really cared ab...
Read more