Tata Trusts board ‘illegal’, replace it: Mehli Mistry

MUMBAI: Mehli Mistry has accused Tata Trusts leadership of running an “illegal” board by selectively applying rules to secure their own lifetime trusteeships while removing him. He has accused them of counting votes of trustees whose tenures had expired and violating statutory provisions for appointments and terms.Mistry, who was a trustee of Sir Dorabji Tata…

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‘Concerns should be addressed bilaterally’: No need for unilateral 301 probe, India to US

NEW DELHI: While rejecting the US Trade Representative’s claims for section 301 investigations against India, govt has said that concerns should be addressed bilaterally, when negotiations for a trade agreement are underway, and not through unilateral measures.After the setback on reciprocal tariffs in the Supreme Court, the Trump administration had initiated two section 301 probes…

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Jeh Aerospace to manufacture high-precision landing gear components for Liebherr-Aerospace of France

Hyderabad: Jeh Aerospace has inked a long-term agreement with French aerospace and transportation major Liebherr-Aerospace to manufacture and supply high-precision landing gear components for high-rate commercial single-aisle aircraft.As part of the agreement, Jeh Aerospace will produce these components at its Hyderabad facility, which will now become a part of Liebherr-Aerospace’s global industrial network. The deal…

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NHAI asks banks to validate vehicle numbers linked to FASTags

NEW DELHI: National Highways Authority of India (NHAI) on Wednesday directed all banks issuing FASTags to undertake “immediate” validation of Vehicle Registration Numbers (VRNs) linked to the smart tags issued by them. The banks have been directed to blacklist FASTags that are found linked to incorrect or invalid VRNs.The decision follows receipt of complaints regarding…

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India rejects US Section 301 allegations, seeks termination; calls for resolution via talks

India has strongly pushed back against the United States’ Section 301 investigations, rejecting allegations of unfair trade practices and seeking immediate termination of the probes.In its submission to the US Trade Representative (USTR), India “firmly denies all allegations made in the initiation notice” related to claims of excess structural capacity and production in manufacturing sectors,…

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