Mumbai: Tata Chemicals Ltd doesn’t have any plans to combine with pesticide maker Rallis India Ltd in the near future, R. Mukandan, managing director of Tata Chemicals, said at a briefing in Mumbai on Friday.
The Tata group is considering merging Rallis India with its Tata Chemicals unit, the “Business Standard” reported on 19 August, citing unidentified people familiar with the matter.
DLF may replace CFO Sanka with Tyagi
New Delhi: In a significant move, DLF Ltd, India’s largest real estate developer by market value, is looking to replace Ramesh Sanka, group chief financial officer, with Ashok Tyagi, currently executive director of the firm.
Sanka will stay with the company and will be given a larger responsibility, according to a DLF official who did not want to be named. CNBC-TV18 first reported the news. DLF has been looking to restructure the company from early this year. The company is looking at integrating its five verticals homes, retail, commercial, infrastructure and hospitality into just two verticals, sales and leasing. DLF’s managing director T.C. Goyal will head the sales vertical.
— Staff Writer