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The Trust factor

Financial Express Hyderabad

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March 15, 2025

Family trusts can be useful to protect ownership of promoters, but they need to be carefully structured

MARA RAJA ENERGY & Mobility is the latest to opt for the increasingly popular family trust route to secure wealth for promoters. The company's ageing patriarch, Ramachandra Naidu Galla, 86, farmed out the promoter entity's 33% holding to four new family trusts, which, according to a filing to the stock exchanges last week, are aimed at a "structured and seamless intergenerational succession... so as to eradicate the possibility of future conflict". Galla will be the controlling trustee which should help in consolidating and ring-fencing the ownership of family assets. The need for setting up the trusts was long overdue as the third generation of the family has joined the business and is part of the company's board.

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Financial Express Hyderabad

Restaurant closures deliver a blow to gig workers, food apps

AS THE WAR ENTERS DAY 12, BUSINESSES & CONSUMERS HAVE BEGUN TO FEEL THE HEAT, ALTHOUGH IN VARYING DEGREE

time to read

1 mins

March 12, 2026

Financial Express Hyderabad

CCI clears AI, Indigo of mkt abuse charges

THE COMPETITION COMMISSION of India (CCI) on Wednesday rejected a complaint against IndiGo and Air India for allegedly abusing its market dominance to impose unfair cancellation charges on air tickets.

time to read

1 mins

March 12, 2026

Financial Express Hyderabad

AI is driving largest infra buildout in history: Nvidia CEO

The labour required to support this buildout is enormous. These are skilled, well-paid jobs, and they are in short supply

time to read

1 mins

March 12, 2026

Financial Express Hyderabad

A first: SC allows passive euthanasia for man in coma for over 13 years

THE SUPREME COURT (SC) on Wednesday allowed the withdrawal of artificial life support to a 32-year-old man, in a coma for more than 13 years, saying that the govern “Secondly, it has been conclusively determined that the continued administration of the same is no longer in the ‘best interests’ of the applicant.

time to read

2 mins

March 12, 2026

Financial Express Hyderabad

FTAs open $465-bn market: Giriraj Singh

TEXTILES MINISTER GIRIRAJ

time to read

1 min

March 12, 2026

Financial Express Hyderabad

Get ready for $200 a barrel: Iran

GULF TENSION ESCALATES

time to read

2 mins

March 12, 2026

Financial Express Hyderabad

Oil surge risks over 50 bps dent to FY27 GDP, say economists

A SUSTAINED SURGE in crude oil prices amid the US-Israel-Iran conflict could shave off more than 50 basis points from India’s gross domestic product (GDP) growth in FY27, economists warned on Wednesday.

time to read

2 mins

March 12, 2026

Financial Express Hyderabad

Paints may become dearer in April

AS THE WAR ENTERS DAY 12, BUSINESSES & CONSUMERS HAVE BEGUN TO FEEL THE HEAT, ALTHOUGH IN VARYING DEGREE

time to read

2 mins

March 12, 2026

Financial Express Hyderabad

28 Indian ships stranded in Persian Gulf region

CONFLICT FUELS LPG SCARCITY

time to read

1 mins

March 12, 2026

Financial Express Hyderabad

Govt defers plan to include free drugs under CSR rules

THE GOVERNMENT HAS gone back on a plan to make it mandatory for pharmaceutical companies to spend a certain portion of their Corporate Social Responsibility (CSR) funds towards providing free drugs to medicine banks for use by the central government during health emergencies, disasters, or any other circumstances.

time to read

1 min

March 12, 2026

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