Focus of Tata-Mistry dispute could shift to what each party thinks is fair valuation of the stake, with court filings pegging it at more than Rs 1.5 lakh crore.
Ratan Tata is personally leading the charge in the Supreme Court appeal against NCLAT order that directed the Tata group to rehire Cyrus Mistry as chairman.
The petition has sought a direction from the Supreme Court to set aside or quash the NCLAT findings, which held Ratan Tata's actions against Cyrus Mistry as ‘oppressive’.
Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Tatas have a 150 year old reputation for integrity and ethical conduct. Honestly, it should not have come to this. Suppression of minority interests should not be added to the list of missteps. As microscopic shareholders of several Tata companies, our family too has felt the pain of value destruction caused by some poor commercial decisions. In the case of the Mistry family, the volumes would have been vastly greater. The valuation of the shares should be done by firms of global repute, hopefully more productive than the one retained to select Mr Ratan Tata’s successor.
Tatas have a 150 year old reputation for integrity and ethical conduct. Honestly, it should not have come to this. Suppression of minority interests should not be added to the list of missteps. As microscopic shareholders of several Tata companies, our family too has felt the pain of value destruction caused by some poor commercial decisions. In the case of the Mistry family, the volumes would have been vastly greater. The valuation of the shares should be done by firms of global repute, hopefully more productive than the one retained to select Mr Ratan Tata’s successor.