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  1. Live Breaking News Headlines Update: Tata Sons hike stake in Tata Motors by 2 per cent

Live Breaking News Headlines Update: Tata Sons hike stake in Tata Motors by 2 per cent

Tata Sons today hiked its stake by nearly 2 per cent in Tata Motors by buying additional shares for Rs 2,430 crore, days before the auto maker’s shareholders’ meet to discuss the ouster of Cyrus Mistry as director.

By: | New Delhi | Updated: December 13, 2016 10:01 PM
Tata Sons today hiked its stake by nearly 2 per cent in Tata Motors by buying additional shares for Rs 2,430 crore, days before the auto maker’s shareholders’ meet to discuss the ouster of Cyrus Mistry as director. (Reuters) Tata Sons today hiked its stake by nearly 2 per cent in Tata Motors by buying additional shares for Rs 2,430 crore, days before the auto maker’s shareholders’ meet to discuss the ouster of Cyrus Mistry as director. (Reuters)

10.00 pm: Atletico de Kolkata, reduced to ten men from the 43d minute, reached the final of the Indian Super League on goal aggregate after playing out a hard-tackling, goalless draw with Mumbai City FC in the second leg semi-final at the Mumbai Football Arena here today.

9.30 pm: Tata Sons today hiked its stake by nearly 2 per cent in Tata Motors by buying additional shares for Rs 2,430 crore, days before the auto maker’s shareholders’ meet to discuss the ouster of Cyrus Mistry as director.

8.30 pm: Opposition parties will meet tomorrow to decide their strategy in Parliament as the government has expressed readiness for a debate on demonetisation and the Congress has issued a whip to its MPs to be present in both Houses.

7.30 pm: Finance Minister Arun Jaitley today hinted at lower direct and indirect tax rates in the future as demonetisation results in higher tax revenues from unaccounted wealth coming into system.

6.30 pm: In yet another political attack on the Narendra Modi government over the initiation of the demonetisation policy, CPI(M) had urged the central government to legalize the the scrapped Rs 500 and Rs 1,000 notes if the government fails to supply new currency notes equal in value to the demonetised notes.

5:30 PM: Aiming at a clean swipe of 5-0 in the ongoing test series, Indian Cricket Team today arrived in Chennai for the fifth and final Test match against England.

4:00PM: Commenting on the development on Rahul Gandhi’s Twitter account hacking case, Union Minister Ravi Shankar Prasad today said that, “We asked Rahul Gandhi for account login details for assistance in probe, but no cooperation on this was given from his end.”

2:40 PM: Ahead of today’s TCS meeting, ousted Chairman Cyrus Mistry told stakeholders that “Future of TCS hinges on good governance & ethical practices and that can flow only from the promoter. In past weeks, we saw good governance being thrown to the wind in every sense of the term.” Urging to the board members, he further said that, “I call on you to vote with your conscience and send a signal that catalyses a larger discussion on governance reform.”

12:30 PM: A Senior Special Assistant of the Reserve Bank of India has been arrested in Bengaluru for allegedly converting banned notes. For the same, eight men have also been arrested in a series of raids in which new notes worth of crores have been found.

11: 50 AM: Speaking at the Dadri Anaj Mandi in Uttar Pradesh today, Congress Vice President Rahul Gandhi has once again criticised Narendra Modi for his demonetisation drive. He said that “PM talks about making the society cashless, society has already become cashless because of this move, people are suffering.” Further he also said that PM’s narrative has changed over time, first it was fight against black money, then terrorism & now it’s about making society cashless.

11:05 AM: Strengthening up its ante against the central government, Congress leader and former Finance Minister P. Chidambaram today said that the entire demonetisation move is indeed a monumental mismanagement and the government did not do its calculation before implementing it. He also claimed that the situation is not likely to improve in 50 days. It will take nearly 7 months for the crisis to end, he added.

10:45 AM: CBI arrested hawala operator KV Virendra from Bengaluru.

10:43 AM: Instructed Revenue, Police, State Disaster Response Force & other depts not to lower their guard against cyclone Vardah. We will extend possible assistance to Tamil Nadu, that suffered extensive damage. We’ll discuss contribution that can be made to Tamil Nadu: N Chandrababu Naidu.

10:41 AM: PM Narendra Modi arrives in Parliament House to pay homage to security personnel who lost their lives during 2001 Parliament attack.

10:02 AM: Flight operations resume at Tirupati Airport after it was temporarily suspended due to cyclone Vardah.

9:48 AM: All CBSE-affiliated schools to stop accepting fees in cash from January 2017. Only e-payments will be accepted, according to India Today.

9:34 AM: NSE Nifty was down by 0.10% at 8,162.40
bse-l-google

9:33 AM: Rainfall over North Interior Tamil Nadu & adjoining South Karnataka very likely in next 12 hours: National Disaster Management Authority.

8:42 AM: ED is conducting further investigation to ascertain the links of the middlemen who were involved in the change of currency. These middlemen had some links with bank officials, ED is conducting further investigation to ascertain the links.

8:40 AM: ED seizes Rs 93 lakh in new currency notes from 7 middlemen in Karnataka. ED official presented himself as customer to these middlemen.

8:04 AM: Several trains delayed due to low visibility in Kanpur, passengers stranded.

7:46 AM: People can now avail 0.75% discount on use of Debit/Credit Cards, Mobile Wallets and Prepaid Loyalty Cards at PSU petrol pumps.

7:34 AM: As of now the portfolios (held by the sacked Ministers) are retained by me. Reasons are well known, they had made certain allegations against me wherein I decided to drop them, it’s my prerogative as well: Goa CM Laxmikant Parsekar on the removal of Sudin and Deepak Dhawalikar from his cabinet.

7:20 AM: Death toll rises to 10 in Tamil Nadu. Four in Chennai, 2 in Kancheepuram, 2 in Tiruvallur, 1 in Villupuram and 1 in Nagapattinam: NDMA.

7:19 AM: Chennai Airport now operational after the services were temporarily suspended yesterday in view of Cyclone Vardah.

7:17 AM: Government and private schools, colleges and other educational institutions in Chennai, Kanchipuram and Tiruvallur to remain closed today.

7:01 AM: 5 International flights from/to Delhi delayed; 8 domestic flights delayed, 2 cancelled due to foggy weather.

7:00 AM: 81 trains running late, 10 rescheduled and 5 trains cancelled due to foggy weather conditions.

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