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The Chandra Chronicles: Tracing the chairman's journey since 2017
N Chandrasekaran's tenure as Tata Sons chairman faced significant challenges and delays. Ratan Tata's passing in October 2024 preceded leadership shifts within Tata Trusts. Noel Tata conveyed displeasure, putting Chandrasekaran's reappointment on hold in May 2026. Several trustees announced their departures from key Tata Trusts positions. Ultimately, N Chandrasekaran decided not to seek a third term as chairman.
ET Graphics | Decoding Chandra era: How Tata's market value tripled in 10 years
Tata Group's market capitalization tripled and profits increased five-fold during Chandrasekaran's tenure. Revenue also saw a two-fold rise, reaching Rs 13.3 lakh crore by FY26. Trent delivered the highest value creation with a 31% annual stock return. Tejas Networks followed closely, yielding a 30.4% annual return after its acquisition. The flagship TCS, however, showed a modest 7.4% annualised return.
Supreme Court rulings set to raise insurers' third-party liability
General insurers face higher motor third-party claim reserves due to Supreme Court rulings. A recent ruling fixes homemakers' notional income, increasing claim payouts. This interpretation is expected to raise claim outgo significantly over eighteen months. Insurers also face policy standardization for occupant and pillion-rider coverage. Motor third-party insurance remains challenging with rising claim costs and slow premium growth.
SP Group's Tata stake plan faces fresh uncertainty with N Chandrasekaran's exit
N Chandrasekaran's unexpected resignation adds uncertainty to Shapoorji Pallonji Group's stake. Discussions on monetizing the Mistry family's stake remain unresolved due to valuation differences. The Mistry family may push for a Tata Sons public listing to unlock value. Tata Trusts will play a key role in the upcoming leadership transition. This change could delay any settlement with Shapoorji Pallonji Group.
Sir Ratan Tata Trust faces a restraint order from the charity commissioner. This order prevents its participation in crucial Tata Trusts meetings. The trust seeks relief from the Bombay High Court for immediate intervention. Allegations of governance violations and a 1989 share transfer are under scrutiny. These developments could affect Tata Sons' upcoming board and AGM meetings.
Southern banks on a golden lending streak; gold-loan books swell 2x
South Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold prices and increased demand for credit. Federal Bank, CSB Bank, and others experienced substantial portfolio expansions. CSB Bank recorded the fastest growth, more than doubling its gold loan book. Gold loans now represent a significant portion of advances for these regional lenders.
From the Silver Screen to the Podcast Studio: Rahul Dev Launches Titans of Punjab with 94.3 MY FM
Chandigarh [India], August 12: Known for his commanding screen presence and versatile performances across Bollywood, Punjabi cinema and digital platforms, acclaimed actor Rahul Dev is all set to embark on an exciting new chapter in his career. Having recently been busy filming the much-awaited Warning 3 and Warning 4 alongside Gippy Grewal in Punjab, Rahul now expands his creative journey beyond films by making his debut as a podcast host with Titans of Punjab, an original premium podcast by 94.3 MY FM Chandigarh, celebrating the extraordinary individuals who have shaped Punjab through business, healthcare, education, innovation, leadership and vision.
World Spinach Capital Misses Debt Payments Due to Severe Flood
Crystal City, a small Texas town known as the spinach capital of the world, has missed debt service payments due at the start of August after severe flooding added to ongoing financial strains.
Manappuram charts leadership transition after Bain deal with Ashish Singh
Manappuram Finance is moving from promoter-led management to a professional leadership model as Bain Capital deepens its stake in the gold loan-focused NBFC
India, Southern African customs bloc revive trade pact talks
The move revives talks between India and SACU, comprising South Africa, Botswana, Namibia, Lesotho and Eswatini, after five rounds of negotiations between 2002 and 2010 ended without a deal
India's Godrej Consumer logs worst day in 6 years as sudden CEO exit heightens execution concerns
SBI uses AI to underwrite nearly 1 lakh crore in MSME loans in FY26
In FY26, in 12 months, we can underwrite loans up to 5 crore, both covering the new-to-bank customers, as well as existing customers. Almost 1 lakh crore we were able to underwrite, says SBI Managing Director
Indel Money to raise up to 500 crore through public issue of NCDs
Indel Money, a non-deposit taking non-banking finance company, on Wednesday said it proposes to raise up to Rs 500 crore through public issue of non-convertible debentures (NCDs) of face value of Rs 1,000 each. The issue opens on August 18 and closes on August 31 with an option of early closure, subject to relevant approvals, Indel Money said in a statement. Investors may make one or more applications for the NCDs, subject to a minimum application size of Rs 10,000 across all series collectively and in multiples of Rs 1,000 thereafter, it said. The public issue comprises a base issue of Rs 250 crore, with an option to retain oversubscription of similar amount aggregating an overall issue size of up to Rs 500 crore. The net proceeds of the issue will be utilised for onward lending, financing or refinancing of existing debt and/or debt servicing, including payment of interest and/or repayment or prepayment of interest and principal of existing borrowings of the company, and for gener
TPG, Temasek sell 13% stake in Dr Agarwals Health Care for Rs 2,008 crore
Global investors TPG and Temasek sold nearly thirteen percent of Dr Agarwals Health Care. They collectively offloaded over four crore equity shares for two thousand eight crore rupees. Several mutual funds and investment firms purchased a significant stake in the eye care chain. This stake sale occurred after the company reported strong quarterly financial results. Dr Agarwals Health Care shares saw a decline following the large block deal.
Petronet LNGs revenues slip more than 50% as West Asia tensions marred supplies
Net profit although surged 33.2% in the June-end quarter.
Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit
Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of the lending subsidiary. The transaction will provide substantial capital for Jio Credit's expansion plans. It will combine Jio's digital network with Bank of America's financial expertise. This partnership seeks to enhance credit access for all Indians.
Jaro Education net up 48% on robust online learning adoption
Jaro records gross bookings of 190 crore and 8,169 admissions during the quarter, comprising 6,979 degree admissions and 1,190 certification admissions
Chandrasekaran steps down from Tata Sons after third-term bid stalls
The decision came eight days before the Tata Sons annual general meeting, scheduled for 18 August, and caught Noel Tata and most of the Tata Trusts trustees off guard, two executives aware of the development said.
Bosch India bets on CAFE III, ADAS, localisation to power next growth phase
Bosch Ltd expects its 14 per cent EBITDA margin to sustain as higher localisation, productivity gains and a richer product mix combine with regulatory opportunities in CAFE III and commercial-vehicle ADAS to drive its next phase of growth.
Karan Adani meets AP CM Naidu on 16,000-cr titanium plant in Srikakulam
Adani Group also presents master plan for its proposed data centre and IT park in Visakhapatnam
Gautam Adani on US case: A chapter has closed, but our journey is a long one
While there was a lot of noise outside, employees, workers, suppliers, vendors, contractors and partners continued with their work, says Adani
Dont rule out Noel Tata on experience; Ratan Tata faced similar doubts: Mukund Rajan
N Chandrasekarans decision not to seek another term as Tata Sons Chairman puts the spotlight on succession at Indias largest conglomerate; former Tata Sons senior executive Mukund Rajan says Noel Tata should not be ruled out merely on the grounds of experience
Pilani Investment to sell UltraTech shares worth 1,952 crore
Offer at 3% discount to Wednesdays close; cement major commits 10,255 crore for capacity expansion
US verdict has strengthened faith in rule of law, says Adani
The US case followed in November 2024, when federal prosecutors accused Adani and others of agreeing to pay about $265 million in bribes to Indian government officials to secure solar-power contracts and of misleading US investors
BigBasket emerges as key test for Tata Digital after Chandrasekaran exit
BigBasket is under scrutiny for its growing losses and costly battle against dominant Q-comm rivals
Apollo Hospitals beats estimates for Q1FY27, net profit up 34%
Apollo Hospitals' Q1FY27 net profit rose 34% to 581 crore, beating street estimates, as high-complexity specialty volumes and pharmacy growth lifted revenue 21% to 7,043 crore.
Uber expands to 225 cities across India, steps up bike-taxi and cab services
Uber now sees Rapido as its biggest competitor in India
Germany would be interested in buying green hydrogen from India, says Charg D Affaires
Georg Enzweiler, Charg D Affaires of the German Mission in India explained the EU FTA would improve prospects for German companies to invest in indegenising technologies.
Chandras exit puts Tata governance under fresh scrutiny
Second difficult Tata Sons chairman exit in a decade raises questions over succession, board independence and the role of Tata Trusts
Apollo Hospitals reports robust 34 per cent profit growth in Q1FY27 on healthcare services growth
Healthcare revenue for Q1FY27 was at 3,567 Crore, a growth of 22 per cent YoY
Godrej Consumer board was unaware of CEOs exit plans, chairperson says
Sudhir Sitapatis sudden exit, just days after a five-year term extension, signals underlying discord over his performance as former CFO Aasif Malbari takes over as CEO.
Yulu raises $93 million, eyes fourfold fleet expansion
Yulu currently operates across 12 cities and plans to expand to 20 cities, while deepening its presence in existing markets such as Mumbai, Delhi and Bengaluru
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
Bank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving a preferential allotment of equity shares and warrants, could see its stake grow to 49.9 percent. The investment signifies Bank of America's commitment to strengthening its foothold in India's financial landscape, utilizing local knowledge for enhanced market development.
Private bus operators move CCI against Priyadarshini scheme for women
The scheme has provided the State-run corporation with a significant, state-funded competitive advantage, resulting in large-scale diversion of passengers from private operators, says the petition
Waaree Transpower wins 160 crore BESS order, signals push into global energy storage market
The contract arrives as demand for battery storage infrastructure accelerates worldwide, driven by the need to integrate higher volumes of renewable energy into power grids and maintain round-the-clock supply reliability
Tata Group's consumer push gathered pace under Chandrasekaran's leadership
The creation of Tata Consumer Products and acquisitions of Capital Foods, Organic India and Soulfull helped the group build a larger, diversified portfolio of consumer brands
Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%
Apollo Hospitals reported a 38.4% year-on-year rise in Q1FY27 net profit to 610 crore, while revenue grew 20.6% to 7,044 crore. EBITDA increased 28.2%, supported by higher healthcare volumes, complex procedures, capacity expansion and strong international patient growth.
OpenAIs Friction email can put workplace woes in Sam Altmans inbox
As OpenAI continues to expand its workforce, the system is intended to help leadership identify organisational problems before they turn into entrenched bureaucracy while also giving employees a direct route to escalate issues that they believe are blocking their work.
Putin says Russia will start seizing European vessels if its ships targeted
The comments, which Putin made as he oversaw navy drills in Russia's far east, come as the EU tries to ratchet up pressure on Russia's so-called shadow fleet, expanding sanctions against hundreds of vessels and detaining some ships and their crews for checks. Some European governments have said they are exploring tougher maritime enforcement measures against ships suspected of sanctions evasion.
Naseeruddins 'love affair with Pakistan' had not ended decades after Partition: Kangana Ranaut
Era of Chandra: Steering Tata Group towards the digital age
Under Chandras leadership, the Tata Group witnessed significant value creation, with its market capitalisation more than tripling to 27 lakh crore
The Delhi High Court questioned Meta's copyright tool access policy. A content creator alleged misuse of the tool by unauthorized users. The court directed Meta to provide guidelines and eligibility criteria for the tool. Meta stated that disputed copyright strikes against the creator were reversed. The court will hear the matter again on September 24.
7-second gravity blackout? NASA explains viral earth disaster claim
Viral posts falsely claimed Earth would experience a seven-second gravity blackout. Scientists confirmed this physics-bending anomaly is impossible due to Earth's mass. Astronomical events like eclipses do not affect planetary gravity significantly. Hypothetical scenarios show a gravity loss would eject the atmosphere. The hoax exploited public interest in celestial events for engagement.
Old mobile phones contain valuable metals such as gold, silver and copper, with some metals found at higher concentrations in e-waste than in conventional ore. Global e-waste generation is rising rapidly, creating a significant opportunity for recovering these valuable resources. Recycling these metals can help reduce the need for virgin mining and its associated environmental impact. However, recovering metals from electronic devices requires specialised industrial processes and facilities. Consumers should therefore recycle unwanted electronics through authorised e-waste collection and recycling channels rather than attempting to extract metals at home.
147 million ounces of gold is there: Rand Paul opens Fort Knox Vault; drops shocking findings
Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal
Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is subject to necessary regulatory and statutory approvals.
Rescuers evacuate more than 200 from a ferry fire that left at least 1 dead near Bali
Rescuers saved 211 people from a ferry fire near Bali island. One passenger's body was recovered after the blaze erupted at sea. The Putri Yasmin ferry was carrying vehicles and motorcycles when the fire started. Rough seas and high waves complicated the extensive rescue operation efforts. Authorities are investigating the cause of the fire and passenger number discrepancies.
Tata Motors CV Q1 profit jumps 83% as revenue rises 19%
Tata Motors reported an 83 per cent rise in consolidated profit after tax in the June quarter as revenue grew 19 per cent, while a 3,400-plus electric commercial vehicle order pipeline strengthened its growth outlook even as commodity inflation threatens to keep margins under pressure in Q2.
Chandras exit announcement wipes off 45,000 crore market cap from Tata stocks in a day
Tata Consultancy Services, the groups largest listed entity with a market cap of 8.50 lakh crore, bore the sharpest absolute brunt, closing down 3.93 per cent at 2,349.70
Jyothy Labs operating margin halves as West Asia crisis, Henkel exit hurt
Despite taking a blended 4-4.5% price hike in the June quarter, the company's operating Ebitda margin slumped to 8.4%, from 16.5% a year ago. The company's performance was also hurt by German partner Henkel AG's decision in May to walk away from a 15-year licensing deal for the Pril and Fa brands.
Yokohama eyes deeper play in OEM supply segment
Yokohamas India business has predominantly been in the after market segment where vehicle owners replace tyres in their cars
Flipkart, Amazon, Meesho top list of e-commerce firms facing most complaints on NCH in 2025
Flipkart and Amazon received the highest number of consumer complaints in 2025. Meesho and Myntra also featured prominently on the list of e-commerce platforms. The National Consumer Helpline facilitated over 91 crore in refunds to consumers. Non-delivery of products constituted the largest category of complaints filed. The government has taken steps to address unfair trade practices in e-commerce.
Who after Chandra? Tata Sons faces its most complex succession test yet
The challenge is not merely finding a successor. It is finding a leader capable of steering a conglomerate increasingly defined by technology, artificial intelligence, digital platforms, manufacturing scale-up, energy transition, and new-age businesses
Consumer durable makers begin passing higher input costs to buyers
Companies had faced continuing input-cost pressure and have responded by increasing realisations in the domestic market
Chandra's tenure a tale of two halves for the Tata Group
Chandrasekarans tenure delivered a strong first term, but a tougher second term saw listed-company growth slow and losses at new businesses mount.
Meenakshi India Ltd posts net profit of 7 crore in Q1 FY27
Improved profitability supported primarily by other income during the quarter, says MD
After a marathon run, N Chandrasekaran steps down
Tata Sons chairman not to seek third term
IndiQube Spaces Q1 revenue jumps 37% to record Rs 428 crore
IndiQube Spaces reported record Q1FY27 revenue of 428 crore, up 37% year-on-year. EBITDA rose 34%, while PAT surged 91% to 35 crore. Area under management and seat capacity expanded, alongside stronger occupancy and rapidly growing value-added services.
All careers end at some point, Chandra tells Tata group staff
In a townhall address hours after announcing his exit, Chandra assured employees that the group will continue to make progress
Air India captain's confirmatory drug test positive for marijuana, say TV channels
Earlier in the day, India's Ministry of Civil Aviation summoned Air India CEO Campbell Wilson over the incident, which involved an Airbus A320neo aircraft
Aditya Birla Groups Pilani Investment to sell UltraTech stake worth 1,909 crore
The block deal comes as investors step up secondary-market exits, while UltraTech enters FY27 with strong demand and double-digit volume growth.
Deaths, damage reported as severe weather spawns tornadoes, flash flooding in the Midwest
A series of vicious storms ravaged the Midwest, unleashing tornadoes and heavy rainfall. The storm's fury left hundreds of thousands without power, as fallen trees and wires littered the area. Sadly, several lives were lost due to the unforgiving weather. In response, emergency teams executed water rescues as flooding affected numerous states. Forecasts suggest that severe thunderstorms and intense rainfall may persist in the coming days.
Best baby boy names for 2026: 15 beautiful B names expecting parents will love with their meanings
Best baby boy names with B: Parents seeking boy names beginning with B have many options. Bodhi, meaning enlightenment, offers a modern Sanskrit-rooted choice. Classic Benjamin, meaning son of the right hand, remains popular. Bruno, with meanings like armor and brown, has diverse origins. Bennett, meaning blessed, provides a traditional yet current feel.
Sun TV Q1 PAT up 17 per cent at 619 crore
Sun TV operates satellite television channels across seven languages
Quote of the day by Confucius explains how personal discipline can shape family life and influence society. The teaching, found in The Great Learning, presents a chain that begins with the heart, moves to personal conduct and family life, and then extends to leadership, social order and harmony. Its message focuses on responsibility, self-control and daily choices.
Karnataka Cabinet reshuffle: CM DK Shivakumar allocates portfolios to 19 ministers
Karnataka Chief Minister DK Shivakumar allocated portfolios to nineteen ministers. Senior minister Ramalinga Reddy moved to Forest, Environment and Ecology. Health Minister UT Khader received additional charge of Minority Welfare. Ballari Rural MLA B Nagendra was allotted Planning and Statistics portfolio. AS Ponnanna was appointed political secretary with Cabinet rank.
'Despite radical courts, ICE breaking records': Homan torches 'activist judges' | US immigration
Chandra: pragmatist or martyr?
As the Tata Group prepares for leadership transition, the identity of Chandras successor, potentially T.V. Narendran, could signal a new chapter for the storied conglomerate.
Quarkitech raises 2 crore from Artha Access, Finvolve to develop sensor data compression solutions
The company will deploy the funds to develop a core compression algorithm library, designed to reduce sensor data at the source, before it is stored, processed, or transmitted
Psychology suggests that the real challenge is not making decisions we will never regret. It is developing enough psychological flexibility to recognize when an old justification has stopped serving us, and allowing ourselves to choose differently without treating that change as an admission that we were foolish all along.
Nazi salutes at French synagogue: What happened to the Russian teen
A French court has sentenced a Russian man for performing Nazi salutes near a synagogue. He received eight months in prison and a permanent ban from France. A second man, a French national, also received a six-month prison sentence. The convictions address rising concerns over antisemitism in France. This ruling sends a clear message about consequences for extremist conduct.
Joseph Dituri spent 100 days underwater in a 100-square-foot habitat near Key Largo, Florida. The extreme experiment changed more than his routine. He reported being about half an inch shorter after resurfacing. His spine had adapted to prolonged pressure and confinement. The finding offers a striking lesson about the human body. Height is not always fixed. Pressure, gravity, movement and rest can all reshape how we measure ourselves.
Reliance Brands signs pact to launch Fabletics activewear brand in India
The global activewear label will debut online before opening stores in New Delhi and Mumbai, offering women's and men's ranges under its partnership with Reliance Brands.
India needs to double infra investments to Rs 40 lakh cr/year to achieve growth ambitions: NaBFID MD
India must double infrastructure investments to forty lakh crore rupees annually. This significant scaling up is crucial for achieving long-term economic growth ambitions. Manufacturing capital expenditure also requires substantial and continuous investment for sustainable growth. Growing domestic long-term savings will increasingly finance infrastructure and other long-duration assets. Financial institutions will need to originate projects and distribute exposure to other investors.
An exciting new expedition is set to uncover the secrets of Nikumaroro Island in search of Amelia Earhart's missing aircraft. With researchers targeting a peculiar object identified in satellite images, they plan to utilize a hydraulic dredge to investigate this intriguing anomaly close to the lagoon. This quest holds the promise of revealing tangible evidence supporting the Nikumaroro survival theory, aiming to resolve one of aviation's most captivating mysteries.
Life lessons from Margaret Atwood: Margaret Atwood's quote highlights the immense power found in assembling words sequentially. Individual words gain strength when arranged into sentences, which can tell stories. This concept underscores the importance of finding one's voice and expressing experiences. Consistent efforts, like writing daily, can lead to substantial achievements over time. Language shapes perceptions, making thoughtful communication essential in today's world.
Indifly Invests in CGreen to Build AI-Powered Loan Resolution Infrastructure Across Bharat
New Delhi [India], August 12: The investment will strengthen CGreen's technology and on-ground capabilities, helping lenders make better-informed recovery decisions across underserved markets.
Ukraine halts strikes on tankers using Russian port at US request: Report
Ukraine has halted drone attacks on oil tankers following a US request. This action came after concerns about market destabilization and harm to American firms. The United States urged Ukraine to cease targeting non-Russian vessels and infrastructure. Ukraine agreed to refrain from attacking CPC infrastructure and non-Russian vessels. This move impacts oil sales for Kazakhstan and Western oil majors.
Pilani Investment to sell 1.7 million UltraTech Cement shares for 1,908 crore
Pilani Investment plans to sell 1.7 million UltraTech Cement shares valued at 1,908 crore on August 13, 2026, at a 3% discount. Separately, UltraTech Cement is acquiring a 26% stake in Solaris Horizon Energy to support its green energy initiatives.
Soccer: Messi pens emotional tribute to late father, questions own future in the game
Lionel Messi revealed doubts about his football future following his father's recent passing. His father, Jorge, died last week at the age of sixty-eight. Messi shared his grief and uncertainty in a heartfelt Instagram tribute to his father. He mentioned his father's wish for him to play in the last World Cup. Messi pledged to honor his father by raising his own children well.
Grasim Industries net up 39% to 3,846 crore on better realisation
Revenue up 21% at 48,716 crore
Tata Motors Q1 profit jumps 83% on strong CV demand, flags price hikes
The commercial vehicle maker reported a net profit of Rs 2,560 crore as volumes rose 26 per cent, but commodity inflation weighed on margins and prompted price increases
Govt renews MoU aimed at standardising medicinal plants used as traditional systems of medicine
India's government has renewed a three-year pact for standardizing medicinal plants. This initiative aims to harmonize quality standards with global benchmarks. The agreement builds upon the successful One Herb, One Standard concept launched earlier. It will develop uniform standards for single plant drugs across traditional systems. This collaboration strengthens India's position as a trusted global standard-setter.
India sets sail to add more trade muscle as it signs PTA terms with SACU
India and the Southern African Customs Union signed terms to start trade negotiations. This move revives talks after previous rounds stalled between 2002 and 2010. New Delhi seeks tariff relief for key export sectors like automobiles and pharmaceuticals. The union comprises South Africa, Botswana, Namibia, Lesotho, and Eswatini. These renewed discussions aim to boost bilateral trade and economic ties.
Food safety crackdown: Companies turn to audits, legal advice as FSSAI tightens enforcement
industry associations and experts insist that due process be followed before company names are made public
Tata Sons listing: RBI unlikely to be swayed by Chandras exit
Experts say RBIs decision will hinge on Tata Sons systemic importance and regulatory considerations rather than leadership changes, even as listing debates intensify within Tata Trusts and the SP Group
Billionaire hedge fund manager Ian Wace bought Scotlands remote Tanera Mr island for about $2.2 million in 2017, when its historic buildings were deteriorating and its population had dwindled. What began as an island purchase has since grown into a $135 million regeneration project, with more than 50 buildings restored, 100,000 trees planted, farmland reclaimed and traditional Scottish crafts revived.
Grasim Q1 results: Profit jumps 39% to 3,846 cr, operating revenue up 21%
Grasim Industries Ltd on Wednesday reported 38.8 per cent rise in consolidated net profit at Rs 3,846.28 crore for June quarter FY27 driven by stronger operating performance across businesses.
UK PM Burnham appoints Indian-origin Gautam Rangarajan as Expert Adviser
British Prime Minister Andy Burnham appointed Gautam Rangarajan as Expert Adviser. Rangarajan brings extensive experience in corporate strategy and transformation to his new role. Burnham is implementing a vision to do things differently across the country. He has realigned government departments and established a new Office for the PM. Rangarajan is expected to be instrumental in this governmental transformation.
Trump administration set to spend $900 mn on White House construction: Report
The Trump administration plans to spend at least $900 million on White House construction. Funds are being gathered from other agencies and private donors for modernization projects. A federal appeals court recently halted construction on a $400 million ballroom. This ruling represents a significant setback for the administration's plans. White House renovations are reportedly tied to presidential and grounds security.
