BAHRAM VAKIL
Tata International appoints T V Narendran as Chairman and Noel N Tata as Chairman Emeritus effective November 12
Tata International Limited has appointed T V Narendran as the new Chairman and Noel N Tata as Chairman Emeritus. The transition will take effect on November 12, as stated in an announcement. Noel Tata expressed gratitude towards his colleagues for their commitment to the company and team. T V Narendran looks forward to building a strong foundation for the organisation's sustainable growth.
Indications of ‘parallel power centres’: Recent succession calls spotlight Noel's rift with Tata Sons
Tata Sons has been caught off guard by the appointment of new chairpersons at three Noel Tata-led group companies without the holding company's customary approval. The appointments, made as Noel Tata stepped down as chairman at 70, have sharpened tensions between him and Tata Sons chairman N Chandrasekaran over control and succession decisions.
Noel Tata steps down as Tata Investment Corp chairman, named chairman emeritus; Bahram Vakil to take over
Noel N. Tata will transition to the role of chairman emeritus on November 12, 2026. Bahram Vakil has been appointed as the new chairman of Tata Investment Corporation after this change. This leadership transition was confirmed through a stock exchange filing dated November 11, 2026. Tata Investment Corporation is part of the larger Tata Group network of companies.
Trent net profit up 25% despite cost pressures and stiff competition
Tata's Trent retailer reported significant financial success, posting a 25% rise in net profit, which hit ₹468 crore for the quarter ending in September. The company's revenue jumped by 22%, reaching ₹5,873 crore. While geopolitical instabilities and inflation posed challenges, Trent executed strategic sourcing initiatives and expanded its presence by opening 29 new locations, consolidating its portfolio and reflecting a positive consumer outlook in the retail sector.
Trent’s big expansion plans: More Zudio & Westside stores, deeper Tier 2-3 push and Indian brands going global
Trent Ltd plans to expand its fashion and food retail businesses, deepen its presence in Tier 2 and Tier 3 cities and strengthen its lifestyle brands. Chairman Noel N Tata outlined the company's growth strategy ahead of his departure on November 11, with Bahram Vakil set to succeed him. Trent reported 22% year-on-year growth in Q2 FY27 revenue to Rs 5,873 crore, while Zudio continued expanding its retail footprint.
Noel Tata to step down as Trent chairman after 29 years on November 11; Bahram Vakil set to succeed him
Noel Tata will step down as Trent chairman and director on November 11 after nearly three decades with the retailer, with Bahram Vakil taking over from November 12. Tata will become chairman emeritus. The board has also approved two director appointments as Trent reported a 25% rise in September-quarter net profit.
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I-Sec maintains Buy on Voltas., lowers target price to Rs 1,575
ICICI Securities maintains a Buy call on Voltas with a revised target price of Rs 1575. Voltas reported a 16.13% increase in Consolidated Total Income in Q4 2024. Promoters hold 30.3% stake, while FIIs own 21.31% and DIIs 34.29%. Key risks include raw material price increases, product launch delays, and rising competitive pressures.
Pre-packaged resolution for MSMEs yet to unwrap success
Bankers are reluctant to take any MSME through the process anticipating a deep haircut while promoters of MSMEs do not want to risk losing their company to a third party. The government, meanwhile, is considering a similar process for larger companies as delays in cases are seen as potentially diminishing the appeal of the Insolvency and Bankruptcy Code (IBC).
Cred’s Kunal Shah invests in neo-bank Winvesta’s latest capital raise
“This helps us lay the foundation for targeting the cross-border flow opportunity of over $700 bn for India and beyond. This investment is in the run-up to our pre-Series A round,” said Swastik Nigam, founder and chief executive officer at Winvesta.
Neobank Winvesta gets seed funding from Speciale Invest, others
Founded in 2019 by Swastik Nigam and Prateek Jain, UK-based Winvesta is a neobank that's building cross-border banking and wealth management solutions for Indians.
BoM aims to resolve 20-25 stressed MSME loans under pre-packaged resolution process
Earlier this month, the government had introduced a pre-packaged insolvency resolution process for stressed MSMEs by amending the insolvency law.
Buy NMDC, target Rs 133: Kunal Bothra
Buy NMDC Ltd. at a price target of Rs 133.0 and a stop loss at Rs 120 from the entry point.
Buy Voltas, target Rs 675: Dharmesh Shah
Buy Voltas Ltd. at a price target of Rs 675.0 and a stop loss at Rs 618 from entry point.
Sell Voltas, target Rs 585: Pritesh Mehta
Sell Voltas Ltd. at a price target of Rs 585.0 and a stop loss at Rs 625 from entry point.
Buy Voltas, target Rs 635: Dr CK Narayan
Buy Voltas Ltd. at a price target of Rs 635.0 and a stop loss at Rs 617 from entry point.
Buy Voltas, target Rs 650: Shubham Agarwal
Buy Voltas Ltd. at a price target of Rs 650.0 and a stop loss at Rs 604 from entry point.
Sell NMDC, target Rs 120: Pritesh Mehta
Sell NMDC Ltd. at a price target of Rs 120.0 and a stop loss at Rs 133 from entry point.
Buy Voltas, target Rs 620: Pritesh Mehta
Buy Voltas Ltd. at a price target of Rs 620.0 and a stop loss at Rs 566 from entry point.
Sell Voltas, target Rs 565: Manas Jaiswal
Sell Voltas Ltd. at a price target of Rs 565.0 and a stop loss at Rs 595 from entry point.
Sell Voltas, target Rs 601.20: ICICI Direct
Sell Voltas Ltd. at a price target of Rs 601.2 and a stop loss at Rs 618.9 from entry point.
Buy Voltas, target Rs 660: Dr CK Narayan
Buy Voltas Ltd. at a price target of Rs 660.0 and a stop loss at Rs 643 from entry point.
NCLT is a resolution and not a recovery mechanism: Bahram N Vakil
There is a sense of urgency in the 12 largest accounts that form 25 per cent of our NPAs.
Buy Voltas, target Rs 655: Manas Jaiswal
Buy Voltas Ltd. at a price target of Rs 655.0 and a stop loss at Rs 625 from entry point.
Buy Voltas, target Rs 685: Sagar Doshi
Buy Voltas Ltd. at a price target of Rs 685.0 and a stop loss at Rs 600 from entry point.
IBC ordinance will stop wilful defaulters from bidding
At the moment, there is a raging debate on whether promoters can buy back their companies at discounted rates.
Sell Voltas, target Rs 602: Sameet Chavan
Sell Voltas at a price target of Rs 602 and a stop loss at Rs 630 from entry point.
Buy Voltas, target Rs 611.40: ICICI Direct
Buy Voltas at a price target of Rs 611.40 and a stop loss at Rs 592.50 from entry point.
Buy Voltas, target Rs 590: Sagar Doshi
Buy Voltas at a price target of Rs 590 and a stop loss at Rs 515 from entry point.
Fearful of retro tax rap, PEs demand indemnity from companies
On Wednesday, a spokesperson for the CBDT clarified further that fears relating to retrospective taxation are unfounded.
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