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Friday, April 19, 2024

Tata Sons seeks IPO waiver from RBI after cutting debt

Tata Sons seeks RBI exemption post TCS stake sale to avoid IPO. Assets meet CIC criteria. Aims to deregister as CIC, sidestep RBI rules amid Cyrus Mistry battle.

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Structured tender model for shipbuilding: Govt aims tech transfer, local manufacturing

India is boosting its shipbuilding capabilities by adopting a "structured tender" approach for specialized vessels like gas and oi...