Big bull Rakesh Jhunjhunwala has made Rs 170 crore from his shareholding in auto major Tata Motors, so far this month. Tata Motor's share price has rallied more than 14% since the end of August to now trade at Rs 332 apiece, up from Rs 287 per share on August 31. Tata Motor's stock has outperformed the benchmark Nifty Auto, which jumped 5.5% during the same period. Analysts remain bullish on Tata Motors despite its recent outperformance and believe the stock could rise even further, augmenting Rakesh Jhunjhunwala's profits in the company. 

At the end of August, the value of Rakesh Jhunjhunwala's holding in Tata Motors was at Rs 1084.55 crore. The big bull owns 3,77,50,000 crore equity shares of the auto company. As the stock price jumped higher, the value of Rakesh Jhunjhunwala's shareholding in the company today stands at Rs 1,254.62 crore. This translated to a profit of Rs 170 crore in a little less than one month for the big bull. The calculations done are assuming Rakesh Jhunjhunwala did not sell or buy additional shares of Tata Motors since the end of June. 

Invesco, the largest shareholder in Zee Entertainment Enterprises, is not against the company’s proposed merger with Sony Pictures Networks but wants a new board to evaluate the deal as well as decide on “future leadership”, it has said in a letter to the company’s board.

While the proposed deal allows Zee MD Punit Goenka to be in charge of the merged business, the US-based fund, which holds 18% in Zee, had sought a rejig of the company’s board including his ouster. Invesco said, “A newly constituted board supported with the strength of independence will be best suited to evaluate and oversee the potential for strategic transactions, like the one announced (with Sony), as well as to make determinations on the future leadership of the company.”

Weeks after declaring stoppage of vehicle production in India, American auto major Ford on Friday announced a leadership change in its operations in the country with Anurag Mehrotra, currently President and Managing Director of Ford India, set to leave the company by the end of the month.

Post announcement of transformation of its business in India, Balasundaram Radhakrishnan (Bala), who is currently Director, Manufacturing, Ford India Pvt Ltd (FIPL) has been appointed to the role of transformation officer of the company, a spokesperson of FIPL said in a statement.

"Bala will oversee and drive the transformation efforts associated with the restructuring," the spokesperson said adding the company was committed to supporting customers and partners in India.

Prime Minister Narendra Modi met chairman and CEO of the Blackstone Group, one of the world's leading investment firms, Stephen Schwarzman and discussed investment opportunities in India, including those under NIP and NMP.

Describing his meeting as "fruitful" with CEO of Qualcomm Cristiano E Amon, Prime Minister Narendra Modi said they talked about leveraging technology for greater public good and tech opportunities in India. 

India is an attractive destination for manufacturing drones and a dedicated drone hub can be created in India to support the entire ecosystem of drones, said chief executive of General Atomics Vivek Lall after meeting with Prime Minister Narendra Modi in Washington DC.

There are signs that the word is emerging from the impact of coronavirus pandemic, said Reserve Bank of India (RBI) Governor Shaktikanta Das on September 22, while speaking at the 48th AIMA National Management Convention.

Covid-19 is a watershed event in our era, Das said, adding it has caused widespread devastation of lives and livelihoods. There are very few parallels to this shock, Das said.

“The pandemic is likely to leave indelible marks on the world economy," Das said, adding that it has affected the poor and the vulnerable more.