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Chair of India’s Tata to step down after tension with controlling charity

NEW DELHI, Aug 12 (Reuters) – The chairman of India’s largest conglomerate Tata Sons will not seek reappointment, he said, citing the ​board’s lack of backing after tensions with the charitable arm that controls the group. N. Chandrasekaran’s decision to leave in February ‌adds to the difficulties of the 158-year-old group that faces mounting losses at airline Air India, a sharp decline in sales for its Jaguar Land Rover car business and was forced to revamp processes after a data leak at its electronics arm that affected clients Apple and Tesla. Disagreements have simmered over recent months between Chandrasekaran, 63,

Adopted Indian women find ‘missing piece’ when DNA test reveals they are sisters

s-HERTOGENBOSCH, Netherlands, Aug 12 (Reuters) – Meena and Minal were left as infants at orphanages in ‌India and grew up in different adoptive families in the Netherlands, just a short drive apart. Now, 40 years later, a DNA test has shown that the childhood friends are biological sisters. Growing up, neither ​was aware that they had a sister. Then, as teenagers in 1996, while ​living just 100 miles (130 km) apart, they crossed paths at a gathering ⁠for adopted children and felt an unusually strong connection. Their friends were amazed by their likeness ​and the girls swapped addresses. In correspondence,

Sensex falls 188 pts amid elevated crude oil prices; Tata Group stocks decline after N Chandra’s exit

Mumbai, Aug 12 (PTI) Falling for the second day, benchmark BSE Sensex closed lower by nearly 188 points on Wednesday following elevated crude oil prices and selling in TCS and other Tata Group shares after N Chandrasekaran said he will not seek reappointment as Tata Sons Chairman when his current term ends on February 20, 2027. The 30-share BSE Sensex declined 187.90 points, or 0.24 per cent, to settle at 77,966.35 with its 21 constituents ending lower, eight with gains and one unchanged. During the day, it tumbled 656.32 points, or 0.83 per cent, to 77,497.93 but recovered some of

Rupee rises 3 paise to close at 95.33 against US dollar

Rupee rises 3 paise to close at 95.33 against US dollar

Mumbai, Aug 12 (PTI) The rupee settled just 3 paise higher at 95.33 (provisional) against the US dollar on Wednesday, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said Brent crude is moving towards USD 90 per barrel amid risk aversion in global markets. At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of 95.24-95.43 during the session. It eventually settled at 95.33 (provisional), higher by 3 paise from its previous close. On Tuesday, the rupee declined 6 paise to settle at

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