Bidding goodbye to  Mistrys can cut both ways for the Tata Group

NEW DELHI : First, Cyrus Mistry was forced out of the Tata Sons board. Now the Shapoorji Pallonji (SP) Group is on its way out entirely. It issued a statement on Tuesday that a separation of interests was the best solution for both the groups. The nitty-gritty of how the …

Read moreBidding goodbye to  Mistrys can cut both ways for the Tata Group

Shapoorji Pallonji Group agrees to exit Tata Group, says separation in best interest of all stakeholders

Mumbai: Shapoorji Pallonji (SP) Group said on Tuesday it is time to separate from Tata Group, and added it was crucial that an early resolution is reached to arrive at a fair and equitable solution, reflecting the value of the underlying tangible and intangible assets. “The SP-Tata relationship spanning over …

Read moreShapoorji Pallonji Group agrees to exit Tata Group, says separation in best interest of all stakeholders

Keep status quo of shares’ pledging in Tata Sons, Supreme Court tells Shapoorji Pallonji Group

The Supreme Court on Tuesday asked the Mistry family-owned Shapoorji Pallonji (SP) Group to maintain the status quo of pledging their shares in Tata Sons to raise capital.   A Bench led by Chief Justice of India Sharad A. Bobde ordered that no “further action” should be taken with regard …

Read moreKeep status quo of shares’ pledging in Tata Sons, Supreme Court tells Shapoorji Pallonji Group

Keep status quo of shares’ pledging in Tata Sons, SC tells SP Group

The Supreme Court on Tuesday asked the Mistry family-owned Shapoorji Pallonji (SP) Group to maintain the status quo of pledging their shares in Tata Sons to raise capital. A Bench led by Chief Justice of India Sharad A. Bobde ordered that no “further action” should be taken with regard to …

Read moreKeep status quo of shares’ pledging in Tata Sons, SC tells SP Group

Government looks to sweeten Air India sale deal, discusses proposals for prospective bidders

NEW DELHI: The government has decided to go ahead with the process to divest stake in Air India and is discussing proposals to further sweeten the deal for prospective bidders by allowing some relaxations along the bidding process. However, any significant reduction in debt has been ruled out, government sources …

Read moreGovernment looks to sweeten Air India sale deal, discusses proposals for prospective bidders