No end to saga? Mistry to challenge Chandra's appointment at Tata Sons

Latest Bussiness News -The sparring match between Tata Sons and ousted chairman Cyrus Mistry is far from over as the latter has now decided to oppose the appointment of Natarajan Chandrasekaran as his successor.

According to a report published in The Economics Times, Mistry has shot off a letter to the Tata Group board challenging the legality of the appointment. He has termed the appointment 'illegal' as the matter was still sub-judice.

Mistry, who is still a director of Tata Sons, had not attended the meeting that appointed Chandrasekaran as its chairman. 

"Unlike the October board meeting when the decision to sack Mistry was not mentioned in the board agenda circulated before, this time the members were aware of (Read More)

Digital war: Airtel, Voda, Idea woo merchants to use payments apps

Latest News:Amid revenue losses on account of the government's demonetisation move, and competitive pressures intensified by extension of free services by Reliance Jio, older telecocompanies seem to have been forced to provide incentives to get merchants to opt for digital payment applications.

According to sectoral data, around 12 million more Indians have started using digital wallets. The reach of mobile payments rose six per cent in the week following the demonetisation announcement, while usage frequency surged 15 per cent, says Rajan Mathews, director-general at the Cellular Operators Association of India (COAI).

Here’s what is in store:

1. Bharti Airtel, Vodafone, Idea Cellular, and the new entrant into the space, Reliance Jio, are offering(Read More)