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Business

Noel Tata's son Neville, Bhaskar Bhat inducted by Tata Trusts to board of Sir Dorabji Tata Trust: Report

Neville Tata has been appointed by Tata Trusts to the board of Sir Dorabji Tata Trust (SDTT). Neville Tata is the son of Tata Trusts chairman Noel Tata. Group veteran Bhaskar Bhat has also been inducted.This appointment strengthens Noel Tata's position whilst elevating Neville, aged 32, to one of the most significant roles within the Tata organisation, positioning him for a substantial future career in the family enterprise, according to an ET report.During Tuesday's meeting, the trustees amended Venu Srinivasan's position from lifetime to a three-year term, adhering to new Maharashtra government regulations that limit lifetime trustee appointments, directly affecting Tata Trusts' established governance structure.Who are Neville Tata and Bhaskar Bhat?Following his graduation from Bayes Business School, Neville commenced his career at Trent in 2016 in the packaged foods and beverages division. Subsequently, he took charge of Zudio, a value fashion retailer that has emerged as one of India's rapidly expanding clothing retail chains.Neville currently serves on the boards of JRD Tata Trust, Tata Social Welfare Trust and RD Tata Trust. Sources indicate he might join Sir Ratan Tata Trust (SRTT), another significant trust that, alongside SDTT, controls over 51% of shares in Tata Sons, the group's primary holding entity.Bhat, aged 71, graduated from IIT Madras and IIM Ahmedabad, and started his professional journey in 1978 at Godrej & Boyce as a management trainee, before transitioning to the Tata Watch Project, which subsequently evolved into Titan.Throughout his tenure as managing director from 2002 to 2019, spanning 17 years, he guided Titan's diversification from watches into multiple segments including eyewear, jewellery, fragrances, accessories and sarees. Under his leadership, the company's market value grew to approximately $13 billion, positioning it as the second-largest listed company in the Tata Group at that time.

Technology

Gold price today: What is the gold rate today? Check cost of 24K, 22K gold in your city

Gold prices tumbled in domestic futures trade on Friday as investors became cautious amid the Fed’s stance on rate cuts and temporary truce between US and China.On the Multi Commodity Exchange (MCX), gold futures for December delivery dropped by Rs 218, or 0.18%, to Rs 1,21,290 per 10 grams, with 13,223 lots being traded.However, in global markets, the movement of the yellow metal rose. On Comex, December gold futures were trading slightly higher at $4,020.67 per ounce, while silver slipped 0.37% to $48.43 an ounce.“Gold prices were trading around USD 4,020 per ounce on Friday, set for a second straight weekly loss, pressured by fading expectations of Federal Reserve rate cuts and a US-China trade deal,” Jigar Trivedi, Senior Research Analyst at Reliance Securities told PTI.Gold Rate Today: City-wise PricesHere is how much gold costs in your city today:Gold rate in Delhi today:In the national capital, 24K gold stood at Rs 12,283 per gram, while 22K gold traded at Rs 11,260 per gram.Gold rate in Mumbai today:In Mumbai, 24K gold stood at Rs 12,268 per gram, and 22K gold was priced at Rs 11,245 per gram.Gold rate in Bengaluru today:24K gold in Bengaluru today costs Rs 12,268 per gram while 22K gold is sold for Rs 11,245 per gram.Gold rate in Chennai today:In Chennai 24K gold is priced at Rs 12,328 per gram and 22K gold stood at Rs 11,300 per gram.Gold rate in Kolkata today:24K gold in Kolkata stood at Rs 12,268 per gram, 22K gold was priced at Rs 11,245 per gram. Gold rate in Hyderabad today:In Hyderabad, 24K gold was sold for Rs 12,268 per gram and 22K gold for Rs 11,245 per gram.Gold rate in Ahmedabad today:In Ahmedabad, 22K gold traded at Rs 11,250 per gram, while 24K gold was priced at Rs 12,273 per gram.Gold rate in Jaipur today:24K gold in Jaipur stood at Rs 12,283 per gram, with 22K gold priced at Rs 11,260 per gram. Gold rate in Bhubaneswar today:Bhubaneswar recorded Rs 12,268 per gram for 24K gold and Rs 11,245 per gram for 22K gold.Gold rate in Kanpur today:In Kanpur, 22K gold was priced at Rs 11,260 per gram and 24K gold traded at Rs 12,283 per gram.