The Supreme Court verdict upholding the Tatas’ claims has undoubtedly diluted Cyrus Mistry’s bargaining power, but he is unlikely to relent on the valuation issue.
More applications are likely as the RBI extends the deadline by a month to seek the licence for setting up a pan-India New Umbrella Entity (NUE), which will compete with the NPCI.
The Tata group has a history of grit and is no stranger to big-ticket acquisitions. But its bid for loss-making airline Air India could be its litmus test.
Even as the Tata group doubles down on its aviation bets, IndiGo is also preparing ground for its next stage of growth. It’s on a mission to build the best airline system for India, says its CEO.
With an increasing number of consumers looking for digital offerings, big boys Reliance Industries and Tata group are scouting for online assets to ramp up their retail offerings.
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
Shareholder advisory firms feel negotiations for the exit of the Mistrys from Tata Sons may not take inordinately long since both sides want to move on.
The two listed stocks of Shapoorji Pallonji Group jumped on the bourses after the Mistry family said it was considering severing ties with the Tata group.
At the first-ever virtual edition of the Microsoft Envision Forum the theme of which was ‘Innovate. Transform. Grow.’, business leaders dwelt on ways to operate in a world changed by Covid-19.
The monetary resources would help enable the medical and service fraternity on the front line of the battle against the pandemic and in mitigating its wide-ranging human impact.
