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Tata Motors on Friday announced the appointment of Shailesh Chandra as Additional Director, Managing Director & CEO, effective October 1, 2025, for a three-year term. Chandra will continue to lead Tata Passenger Electric Mobility, the company’s wholly-owned EV subsidiary, following the resignation of P B Balaji as Group CEO.PB Balaji will take charge as the CEO of JLR Automotive in the UK, effective the same day.The Mumbai-based auto major's commercial vehicles business and its related investments would be housed in one entity, while the passenger vehicles business, including PV (Passenger Vehicle), EV (Electric Vehicle), JLR ( Jaguar Land Rover), and its related investments, will be part of the other firm.In a regulatory filing, the company said its board has also approved the appointment of Girish Wagh to the board of TML Commercial Vehicles Ltd -- the proposed listed entity in which the commercial vehicles business of the automaker would be demerged -- as an Additional Director, Managing Director and CEO effective October 1, 2025.Besides, the company has appointed Sudha Krishnan as an Additional, Non-Executive Independent Director of the company, for a tenure of five years commencing from October 1, 2025. Tata Motors said Hanne Sorensen will continue to be a director on the Board of Jaguar Land Rover Automotive Plc. UK, Kosaraju Veerayya Chowdary and Guenter Karl Butschek will join the Board of TML Commercial Vehicles Ltd. Chandra joined Tata Motors Limited in April 2016 as Head – Corporate Strategy and Business Transformation and later as President – Electric Mobility Business and Corporate Strategy. Prior to joining Tata Motors Limited, he was engaged with Tata Sons Limited from September 2013 upto March 2016 as General Manager – Group Strategy and Assistant Vice President – Group Chairman’s Office.He also serves as a Non-Executive Director on the Board of Directors of Tata Technologies Limited, Fiat India Automobiles Private Limited and also a few foreign companies, namely, Trilix S.r.l., Italy and Tata Motors Design Tech Centre Plc, UK.Chandra possesses a bachelor’s degree in technology in mechanical engineering from Banaras Hindu University and an executive master’s degree in business administration from S.P. Jain Institute of Management and Research.

Hyderabad-headquartered Aarvee Engineering Consultants and Ahmedabad-based Deon Energy have filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to launch its initial public offering (IPO). While Aarvee intends to raise Rs 202.5 crore by issue of fresh capital, Deon will issue fresh shares worth Rs 150 crore.Aarvee Engineering Consultants IPOThe IPO will also have an offer for sale (OFS) component where up to 67.50 lakh equity shares will be offloaded by the promoter Selling ShareholderVenkatachala Chakrapani Redla, . The Promoters of the company are Venkatachala Chakrapani Redla and Sneha Redla.Aarvee proposes to utilise the net proceeds of the fresh issue towards repayment / pre-payment of borrowings worth Rs 76 crores. Out of the total proceeds, Rs 21.9 crores will be used towards investment in Indian subsidiary SRA OSS Pvt Ltd. for further developing geospatial solutions and digital engineering technologies. Investment in overseas subsidiaries will be made through the proceeds – Rs 34.8 crore in Australian subsidiary Aarvee Engineering Consultants Pty Ltd and Rs 20.8 crores in UK subsidiary Aarvee Associates Limited. The remaining amount will be used for general corporate purposes.Aarvee is engaged in providing design and supervision related services with a portfolio that spans the entire project lifecycle such as feasibility studies, detailed project reports (DPR), pre-bid services, detailed design services, project management consultancy (PMC), supervision of operations and maintenance of projects, third party inspection and lenders engineering services.The company claims to have successfully undertaken over 2,750 projects globally spanning multiple sectors, in 20 countries across Asia, Africa, Australia and Europe as on June 30, 2025.Centrum Capital Limited and Ambit Private Limited are the book running lead managers (BRLMs) to the offer.Also Read: Parijat Industries files DRHP with SEBI for Rs 160 crore IPODeon Energy IPOThe offer also includes a subscription reservation by eligible employees, and a discount will be offered to eligible ones, bidding in the employee reservation portion.The proceeds from its fresh issuance worth Rs 100 crore will be utilised for funding its long-term working capital requirements, and general corporate purposes.The offer is being made through the book-building process wherein not more than 75% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 10% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.Incorporated in 2020, the company is focused on delivering end-to-end renewable energy solutions, including engineering, procurement and construction (EPC) of solar energy projects on a turnkey basis, with an emphasis on serving clients in the commercial and industrial sectors. The company executes independent solar EPC projects for its clients.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

India's largest agri-commodity index the National Commodity & Derivatives Exchange (NCDEX) on Friday received shareholders’ approval for issuance of over 3.91 crore equity shares worth Rs 770 crore to a pool of investors on a preferential basis.The shares of face value Rs 10 each, carry a premium of Rs 187.34, a company release said. The approval came in its NCDEX's 22nd Annual General Meeting held today.NCDEX received an in-principle approval from market regulator Securities and Exchange Board of India (Sebi) in July this year to launch its equity & equity derivatives segment. ETMarkets was first to report about the regulatory nod.Also Read: NCDEX gets in-principle Sebi nod to launch equities, derivatives; plans Rs 750 crore fundraise: SourceAfter receiving Sebi’s go-ahead, the company raised funds from a diversified pool of 61 investors comprising a mix of institutional investors, financial partners, PE firms and HNIs.Also Read: Radhakishan Damani, Ramesh Damani, Madhu Kela, Zerodha, Groww line up to invest crores in NCDEX"This marks a significant milestone in NCDEX’s journey to transform into a multi-asset exchange platform aligned with India’s evolving capital market needs. The capital commitment underscores investor confidence in NCDEX’s governance, market credibility, and future growth trajectory. The funds from this issuance will be utilised towards bespoke technology infrastructure, connectivity, risk management architecture, regulatory compliance, and market development initiatives," the company said in a press statement.NCDEX will introduce its equity cash market segment in 2026 which will be followed by equity derivatives, to ensure smooth adoption and robust liquidity.Commenting on the development, MD & CEO Arun Raste called this fundraiser as a defining step in NCDEX’s transformation into a multi-segment exchange. "The members will be able to take advantage of trading both the commodity and equity segments under a single platform,” he said.“With strong institutional backing, cutting-edge infrastructure, and regulatory alignment, we are ready to deliver a credible, transparent, and competitive platform in equities and equity derivatives. This expansion will allow us to serve a wider participant base and play a pivotal role in deepening India’s financial markets," Raste added.NCDEX's shares have generated a lot of buzz in the unlisted market, turning multibagger with 132% returns over a 1-year period. It is currently trading at Rs 488 in the unlisted zone.Also Read: NCDEX’s unlisted shares soar 150% in a year on Sebi's equity nod, investments from Groww, Zerodha. Can the rally last? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

The Central Consumer Protection Authority (CCPA) on Friday imposed a penalty of Rs 2 lakh crore on baby-products brand FirstCry for false and misleading price representations.The order on M/s Digital Age Retail Pvt. Ltd. (FirstCry) has been passed under Sections 10, 20 and 21 of the Consumer Protection Act, 2019. CCPA accused FirsCry of publishing misleading advertisements and engaging in unfair trade practices on its e-commerce platform (www.firstcry.com).

The Government of India plans to borrow Rs 6.77 lakh crore in the second half of the fiscal year 2025-26 through dated securities, including Rs 10,000 crore through the issuance of Sovereign Green Bonds (SGrBs).The Gross Market Borrowing of Rs 6.77 lakh crore shall be completed through 22 weekly auctions till March 6, 2026. The market borrowing will be spread over 3, 5, 7, 10, 15, 30, 40 and 50 year securities. The share of borrowing (including SGrBs) under different maturities will be: 3-year (6.6%), 5-year (13.3%), 7-year (8.1%), 10-year (28.4%), 15-year (14.2%), 30-year (9.2%), 40-year (11.1%) and 50-year (9.2%).The Government will continue to carry out switching/buyback of securities to smoothen the redemption profile.The Government will continue to reserve the right to exercise greenshoe option to retain an additional subscription of up to ₹2,000 crore against each of the securities indicated in the auction notifications.Weekly borrowing through issuance of Treasury Bills in the third quarter (Q3) of FY 2025-26 is expected to be Rs 19,000 crore for 13 weeks with issuance of ₹7,000 crore under 91 DTBs, ₹6,000 crore under 182 DTBs and ₹6,000 crore under 364 DTBs, respectively.To take care of temporary mismatches in Government payments and receipts, the Reserve Bank of India has fixed the Ways and Mean Advances (WMA) limit for H2 of FY 2025-26 at ₹50,000 crore.