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.
India’s fledgling defence industry has struggled to translate capacity into mass production or compete globally, resulting in continued reliance on imports.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
COMMENTS