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5 min read | Updated on August 25, 2026, 12:46 IST
SUMMARY
Out of the Nifty India Corporate Group Index - Tata Group 25% Cap’s 10 constituents, nine declined, and only one advanced at the time of writing. The top losers in the index were Tata Steel, TMPV, and Tata Power, among others.
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The Nifty India Corporate Group Index - Tata Group 25% Cap, a thematic index tracking the performance of 10 listed Tata Group companies, declined as much as 0.5% to hit an intraday low of 14,445.40 on Tuesday. | Image: Shutterstock
The Nifty India Corporate Group Index - Tata Group 25% Cap, a thematic index tracking the performance of 10 listed Tata Group companies, declined as much as 0.5% to hit an intraday low of 14,445.40 on Tuesday.
At around 12:18 PM, the index stood at 14,467.30, down by 46.70 points or 0.32%. The index has gained 3% over the month but lost 4% in the past six months. On a year-to-date (YTD) basis, it has dropped 6%.
Out of the Nifty India Corporate Group Index - Tata Group 25% Cap’s 10 constituents, nine declined, and only one advanced at the time of writing.
Tata Sons’ Chairman N Chandrasekaran resigned from his current position on August 12, 2026, highlighting that the industry veteran will not seek a re-appointment at the end of his current term, keeping investors' uncertainty elevated about the next successor for the company.
Tata Sons is the principal investment holding company of the $400-billion Tata Group.
In his official statement, N Chandrasekaran said that his resignation move comes after Tata Sons’ board did not provide unanimous support for the re-appointment proposal due to one board member’s opposition to the corporate action.
“In the absence of unanimous support, I chose to defer the decision,” N Chandrasekaran had said in his letter to the board.
Among the top losers in the Nifty India Corporate Group Index - Tata Group 25% Cap index, Tata Steel shares dropped by as much as 1.5% to hit an intraday low of ₹183.50 apiece on the National Stock Exchange (NSE) on Tuesday, August 25. At the time of writing, the stock was trading 1.22% lower at ₹184.03 per equity share.
The company, on August 25, intimated the exchanges that the Revisional Authority, Ministry of Coal, heard its revision application for a tax demand of ₹1,755.11 crore that it had received.
The company had received the tax demand notice dated March 30, 2026, from the District Mining Office, Ramgarh, Jharkhand (DMO) on April 3, 2026, according to a regulatory filing.
The DMO made the tax demand, alleging excess extraction of approximately 1.62 crore metric tons (MT) of mineral coal from the company’s West Bokaro Colliery beyond the permissible limits during the FY 2000‑01 to FY 2006‑07 period.
Tata Steel said it was of the view that the demand lacked justification and substantive basis and had merit to challenge the demand. Accordingly, on April 24, 2026, the company had filed a revision application before the Revisional Authority, Ministry of Coal, Government of India, New Delhi, challenging the demand notice issued by the DMO, Ramgarh.
On August 24, Tata Steel received the copy of the order passed by the Revisional Authority, which stated that the application filed by the company was admitted for consideration.
Furthermore, the respondents, including the State of Jharkhand through its Secretary, Department of Mines and Geology and the District Mining Officer, Ramgarh, Jharkhand, were directed not to take any coercive steps against the Applicant pursuant to the impugned demand notices or letters during the pendency of the present Revision Application.
The stock of the Indian Hotels Company Ltd (IHCL) fell as much as 0.5% to touch the session’s low of ₹724.55 per equity share on the NSE on Tuesday. At the time of writing, it was trading 0.36% lower at ₹726.30 apiece.
In a regulatory filing dated August 24, the company stated that Oriental Hotels will be merged with it through a scheme of arrangement.
Oriental Hotels Limited is an associate company of IHCL. The announcement means OHL will be absorbed into IHCL through a Scheme of Arrangement, subject to regulatory and shareholder approvals.
In an exchange filing on Monday, August 24, TCS’s board of directors approved the acquisition of a full stake in MHP Management—und IT—Beratung GmbH, a subsidiary of Porsche AG, for an enterprise value of €320 million.
As the acquisition aims to anchor a long-term artificial intelligence (AI) transformation deal, Porsche has signed a five-year strategic deal with MHP and TCS amounting to €1.25 billion.
However, the proposed partnership and acquisition remain subject to regulatory approvals. The transaction requires approval from the European Commission under the EU Merger Regulation and the EU Foreign Subsidies Regulation.
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