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MCX Gold is likely to remain under pressure in the near term, with prices continuing to trade lower on a weekly basis and pointing to a sideways to bearish setup.
The Tata Sons board has approved a fresh five-year term for N Chandrasekaran as executive chairman. This decision reverses his earlier stance not to seek reappointment for the leadership role. The reappointment was approved at a board meeting held in Mumbai on Thursday. Chandrasekaran's current five-year term is scheduled to end in February 2027. No decision has yet been made regarding the potential listing of Tata Sons.
IPO subscriptions often gain pace in the later stages of the bidding period. The NSE issue will remain open until September 21, with the listing scheduled for September 24.
This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed her Income Tax Return, and the gap was huge.
Tata Sons said in a statement that "Chandra acceded to the Board's request to reconsider his decision". The board subsequently "resolved by a majority vote to re-appoint him as Executive Chairman for a further term of five years upon the expiry of his current tenure".
According to exchange data, investors bid for 3.83 crore shares against the 8.86 crore shares offered in the issue. Non-institutional investors subscribed to 72% of their quota, while the retail portion was subscribed 44%.
The woman had a younger sister and a brother, who lived nearby. The brother used to visit and care for his sister as she grew older. On February 15, 2008, the woman Kaur revoked her first Will, which had originally intended to leave the property to the younger sister after her death.