GOVERNMENT RESOLUTION MAHARASHTRA
Mehli Mistry challenges ouster from Tata Trust
Mehli Mistry has filed objections against his removal as a trustee of Bai Hirabai Jamsetji Charitable Institution. He claims that the decision was invalid and the voting process was flawed. Mistry argues that the trust deed does not specify a fixed tenure for trustees or eligibility based on citizenship.
Mehli Mistry challenges removal as Tata Trusts trustee, seeks independent inquiry into governance
Mehli Mistry has filed a challenge against his removal as a trustee of the Sir Dorabji Tata Trust. He has raised concerns about procedural irregularities and trustee eligibility in his case. Mistry also seeks an independent inquiry into financial matters related to the trust's administration. He has claimed conflicts of interest and improper financial benefits received by some trustees.
Maharashtra gives one-time age relaxation for recruitment exams, extends concession till end-2027
The Maharashtra government has announced a one-time relaxation in age limits for state recruitment exams until December 31, 2027. This decision follows protests from candidates regarding delays in recruitment procedures that made them ineligible. Candidates can now apply with this extended age limit for certain advertisements issued by the MPSC. Recruitment agencies are also included in this relaxation, offering opportunities for newly eligible candidates.
These 11 private and public banking stocks have an upside of up to 33% in 1 year, according to analysts
It is too early to read a lot into the divergence seen in the stock price movements of private and PSU banks on Tuesday. Neither can it be said with any certainty that it had anything to do with FII buying. Against this background, remember: For any investor interested in the banking sector, the price movements should matter less than what the overall Q2 performance of both private and PSU banks reveals.
The business of running a hospital: Balancing profitability, patient trust and scale
A hospital’s financial health depends on more than occupancy and revenue, requiring a careful balance of cost control, cash flow and patient trust.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
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4 FDA officials suspended over alleged unauthorised raids in Pune, 21 others to face inquiry
Four officials from the Maharashtra Food and Drug Administration have been suspended for conducting unauthorized raids. The Chief Minister approved this action following allegations regarding the officials' misconduct. A departmental inquiry is also being initiated against 21 other officials involved in the matter. This inquiry will investigate the actions of officials from the Thane and Pune divisions. Further action will be determined based on the findings of this investigation.
MLC results are out, but how does the election work? Who votes, how are members chosen?
In the recent Legislative Council elections, the BJP secured 13 seats across multiple states including Uttar Pradesh and Bihar. The Samajwadi Party and NCP followed with five and two seats respectively, while other parties earned one seat each. MLC elections differ significantly from Assembly elections, as they are not decided by a direct vote from the general public. Members are chosen through various categories, including local authorities and graduates’ constituencies.
"Sink the idea": Mumbai sweats over a sea plan that intitially made waves but is now causing ripples of worry
Light pollution is already recognised as a global environmental and public health concern. Research has linked artificial light to sleep disturbances, mood disorders and higher risks of obesity and cardiovascular diseases in humans. It can also alter plant growth and interfere with animals' natural behaviour and ecological relationships.
Boost for green energy projects: Maharashtra govt waives 25 pc land transfer fee
Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.
Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
Indian equity markets have faced a decline for four consecutive sessions, with the Nifty falling significantly. Various factors, including selling by foreign investors and rising crude oil prices, have contributed to this downturn. Notable stocks such as Infosys and Kotak Mahindra Bank have attracted investor attention due to their quarterly earnings. Upcoming developments may influence market sentiment further as investors remain watchful.
Tata Sons AGM deadline nears as Tata Trusts deadlock clouds voting
Tata Sons is currently observing the situation involving its majority owners, Tata Trusts, regarding governance issues. The annual general meeting (AGM) deadlines are approaching and require shareholder majority for resolutions. Important changes in trustee roles could affect voting dynamics significantly. Legal experts suggest focusing on regulatory clarity to facilitate successful AGM execution. Clear representation and consensus among the trusts are critical for passing necessary resolutions.
85% of Maharashtra declared drought-hit; farmers to get Rs 5,000 aid before Diwali
Maharashtra's government has declared drought in over 305 talukas due to a severe rainfall deficit. Chief Minister Devendra Fadnavis announced that Rs 5,000 will be deposited in farmers' accounts before Diwali. Efforts are being made to prevent coercive loan recoveries from farmers facing hardships. A zero-tolerance approach is being enforced against unauthorized water extraction to ensure drinking supplies.
Maharashtra CM Devendra Fadnavis expands drought-hit talukas to 305, announces ₹5,000 Diwali bonus for farmers
Maharashtra Chief Minister Devendra Fadnavis announced the expansion of the drought declaration to 305 talukas. A Diwali bonus of ₹5,000 will be deposited into farmers' accounts to alleviate financial distress. The government is also monitoring drinking water supply and combating severe water scarcity with GPS-tracked tankers. Fadnavis praised Prime Minister Narendra Modi for his contributions to infrastructure and welfare projects in Maharashtra.
MPSC row: Government action against chairperson marks major win for Maharashtra student protests
The Maharashtra government has decided to send MPSC chairperson Vivek Bhimanwar on leave following student protests. This administrative action follows allegations of examination irregularities that have gained national attention. Political figures, including Rahul Gandhi and Rohit Pawar, supported the student-led demonstrations and coordinated efforts. Chief Minister Devendra Fadnavis appointed FDA chief Tukaram Mundhe to the inquiry committee recently.
Adani Enterprises has finally got strong winds filling its sails
Adani Enterprises’ outlook is improving as several incubated businesses reach commercial scale. CARE Ratings has upgraded AEL to AA, citing stronger financial flexibility after its ₹15,000-cr QIP and Adani Airports monetisation. Airports, Kutch Copper and roads are expected to drive FY27 earnings, while data centres, new energy, defence and aluminium offer longer-term growth.
20-year-old legislative privilege reference closed as infructuous
The reference arose from the Tamil Nadu assembly's November 7, 2003, resolution, sentencing journalists associated with The Hindu to 15 days' simple imprisonment for alleged breach of privilege and contempt following publication of articles and editorials critical of the then state government.
Maharashtra sets stricter redevelopment norms, higher safeguards for housing societies
Maharashtra has tightened redevelopment rules for cooperative housing societies, introducing stricter requirements for developer selection, tendering, member approvals, documentation and project timelines. The revised framework requires at least three developer bids, 51% member approval, video recording of selection meetings and redevelopment agreements within three months. Projects should be completed within two years of the plinth certificate.
Tata Trusts vice chairman Vijay Singh flags SDTT 'meddling' in Tata Sons
Tata Trusts vice chairman Vijay Singh has approached the Maharashtra Charity Commissioner seeking an immediate inquiry into the administration and governance of the Sir Dorabji Tata Trust, including its involvement in Tata Sons’ commercial and strategic affairs. His move follows a similar complaint by fellow vice chairman Venu Srinivasan.
Tata Trusts seeks hearing on Venu Srinivasan's complaint before charity commissioner
Tata Trusts has sought a hearing with the Maharashtra charity commissioner in response to a complaint lodged by Venu Srinivasan. This complaint claims there have been governance issues within the Sir Dorabji Tata Trust's management, particularly concerning the conduct of specific trustees. Srinivasan has urged the commissioner to investigate potential repercussions for those trustees involved.
ET Exclusive: Venu Srinivasan seeks probe into Tata Trusts over alleged governance lapses
Venu Srinivasan, trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, has sought an immediate inquiry into SDTT’s governance, alleging serious lapses and excessive involvement in Tata Sons’ commercial affairs. He has also challenged Noel Tata’s role in trust decisions and sought restrictions on his voting and trustee powers.
Matang community's 5% SC sub-quota call paralyses south Mumbai
The Matang community has sought sub-classification of the Scheduled Caste quota. Thousands of the community's members marched to Mumbai with demands that the state sub-classify them and carve a separate % quota within the SC reservation. The group said the Supreme Court had in 2024 allowed states to do sub-classification of Scheduled Castes and Tribes to ensure that marginalised castes and communities get reservation benefits. They claim that castes like Mahars and Chambhars, who are higher up in the hierarchy, have cornered the majority of the reserved government jobs and educational seats.
Tata companies face a tough call on Chandra vote at AGM
Tata Group companies are preparing for the upcoming AGM concerning N Chandrasekaran's reappointment as a director. These companies, including Tata Motors and Tata Steel, own a significant stake in Tata Sons. Noel Tata has expressed opposition to Chandrasekaran's reappointment, complicating the voting decision for affiliated companies. The resolution for Chandrasekaran's reappointment indicates the evolving dynamics within Tata Sons.
Mehli Mistry steps down as trustee of Tata Medical Centre Trust, declines re-election
Mehli K Mistry has decided not to seek re-election as a trustee of the Tata Medical Centre Trust. His current term is set to end on September 30, 2026, marking a significant transition. Mistry previously stepped down from various key Tata trusts and companies amid structural changes. He emphasized the importance of transparency and good governance, adhering to Ratan Tata's vision.
Maharashtra declares drought in 265 talukas or nearly three-fourths of state; announces relief measures
Maharashtra has declared drought in 265 out of 358 talukas due to significant rainfall deficits. The government announced various relief measures, including crop loan restructuring and power bill subsidies. Financial assistance for farmers will be evaluated after ground assessments are completed. Opposition parties have criticized the government's response and demanded immediate financial assistance.
Actual aid decision for drought-hit farmers after ground-level assessment: Sunetra Pawar
Maharashtra has declared drought in 265 of its talukas due to severe crop damage and water shortages. Deputy Chief Minister Sunetra Pawar announced 12 relief measures to assist affected farmers. An objective ground-level assessment will determine the specific assistance to farmers in need. Marathwada district faces particularly challenging conditions concerning drinking water and livestock fodder. Additionally, the government is considering concessions for students affected by the drought crisis.
Maharashtra Govt declares 265 of 358 talukas drought-affected
Maharashtra has declared 265 out of 358 talukas as drought-affected due to inadequate rainfall this season. The total rainfall deficit across the state was noted to be 18.8 percent, impacting crop production. Significant drought has been noted particularly in districts like Dharashiv and Beed, which have not received rainfall since July. Farmers have reported crop failures and increased pest issues, prompting protests for relief measures.
Fadnavis warns of action against misuse of Mathadi law; announces Navi Mumbai APMC revamp
Maharashtra Chief Minister Devendra Fadnavis on Friday said action would be taken against those misusing the Mathadi law after consultations with Mathadi leaders. He also announced redevelopment of Navi Mumbai’s 50-year-old APMC market and said the government was preparing measures to tackle drinking water and fodder shortages in drought-affected areas.
Maharashtra UCC Panel: Ex-Bombay High Court judge quits
Former judge RC Chavan tendered his resignation from the seven-member committee, citing differences over the panel's public consultation process and objecting to the involvement of an official from outside the state.
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