The costliest flats in the history of the state housing authority—which typically focuses on affordable housing—have seen no takers. In 2023, one of them was priced at Rs 7.58 cr.
Mistry and another person were killed in the tragedy. PM Modi, Union minister Piyush Goyal, Tata Sons Chairman N. Chandrasekaran among those who condoled the loss.
Shapoorji Pallonji Group had informed the Supreme Court in October that it estimated its 18.4% stake in Tata Sons to be worth more than Rs 1.75 lakh crore, which the Tatas valued at half the price.
Shapoorji Pallonji Group, controlled by Pallonji Mistry, owns about 18 per cent of closely held Tata Sons, the holding company of the $113 billion software-to-cars Tata empire.
Listing the solar business was part of Shapoorji Pallonji Group’s deleveraging plan. That it has gone so badly may affect the next attempt to slim down.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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