The outgoing chairman of Tata Group leaves behind his successor Cyrus Mistry not just a $100-billion empire he helped grow 13-fold in the 21 years at its helm but also a legacy that earned him wide praise as an able corporate leader with values.

He will take over as the chairman of the hotel chain from Ratan Tata on his retirement next month, Indian Hotels Company Ltd (IHCL) said in a filing to the BSE today.

For the flagship India store, Starbucks chose the historic Elphinstone Building in south Mumbai. The shop will stay open until 11 pm on weekdays and 1 am on weekends.

The Bajaj Group, ranked 6th in terms of Mcap, grew faster than any other business house, while Reliance ADAG shrank.

TCS has, for the first time, emerged the top company in the BT 500 list. It is the first private sector company to pip RIL - which has repeatedly bagged the No. 1 spot in previous years - in a decade. Robust growth in a tough economic climate pushes the company to the top.

Given the move towards compulsory digitisation of cable TV service in the country, the recent announcement by the government approving a hike in foreign direct investment across all TV distribution platforms is a welcome move.

The new chairman of the $2.5 bn Shapoorji Pallonji Group has his hands full as his younger brother Cyrus prepares to take over from Ratan Tata in Dec. Over a century, the business interests of the group have expanded from construction to include real estate, infrastructure, consumer products and biofuels.

Finance Minister Pranab Mukherjee is all set to occupy the country's highest post.

West Bengal Chief Minister Mamata Banerjee was still awaiting a debt waiver package from the Centre, but the IPL win was enough to send her into a celebratory mood.

Given that Tata Sons recently altered its retirement policy, requiring even the chairman to quit at 70, Chairman-designate Cyrus Mistry gets only 26 years and a few months to find greatness.

The IPL season has kicked off, but advertisers are yet to get excited. Advertisement rates are 15 per cent below last year.

Backrooms are abuzz with talk of the impending collaboration between Mukesh and Anil Ambani. Troubled by increasing competition, dwindling stock price and lack of the legendary Ambani clout in the corridors of power, the brothers are seeking a secret settlement to send a strong signal to pump up the markets.

Ratan Tata's successor faces stiff task of revving up the flagship brands currently reeling under intense competition and global downturn

Sons and daughters of India Inc's promoters make the best use of their business exposure and training to ensure they take up bigger responsibilities in their companies.

Despite internecine fights, splits and a hostile takeover bid, DCM has survived and hopes to thrive.

The Kapil Sibal-appointed committee, headed by S. R. Rao, was asked to look into VSNL's demerger of 773 acres of surplus land.

The additional investment is part of DOCOMO's ongoing strategy to expand its business presence and revenue sources in India's rapidly growing mobile market, NTT DOCOMO said in a statement.

After working with the Tata Group for 33 years, Vishambhar Saran quit to build a Rs 5,000 crore conglomerate.

Telecom minister Kapil Sibal says divestment of VSNL in 2002 did not appear to be fair and transparent.

Besides the Tatas, a number of other Indian companies are also looking to ramp up their business, as the two countries have set a $100-bn target for bilateral trade.