Ousted Tata Chairman Mistry says he doesn’t want his job back

Mumbai: Cyrus Mistry, the former head of Tata Sons Ltd will not pursue chairmanship of the India’s biggest conglomerate or directorship at the group companies even after winning a court case against his ouster, he said in a statement. Mistry is not seeking to be a director on group companies such as Tata Consultancy Services […]

ADIB to finance $80m facility to Oman Shipping Company

Dubai: Abu Dhabi Islamic Bank (ADIB) announced it has signed an agreement to provide an $80-million Sharia-compliant financing facility to Oman Shipping Company. The company will use the funds to finance two crude oil tankers to support its expansion plans. The deal represents Oman Shipping Company’s first Sharia-based leasing, and is also part of ADIB’s […]