Tata Sons’ stake in publicly traded companies is now worth Rs 9.28 trillion, up 34.4% year on year (YoY). Topics Tata Group | listed companies | Tata sons Tata Sons closed the calendar year as the largest promoter of listed companies in the country, ahead of the central government. For …
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NEW DELHI: The Tata Group is increasing its participation in AirAsia India (AAIPL) from 51% to 83.67%. Tony Fernandes’ AirAsia The group will see its participation in this JV reduced from 49% to 16.33%, accordingly. AirAsia Berhad informed the Malaysian stock exchange on Tuesday about the sale of its 32.67% …
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The recent rally after the stock market closes has surprised many and has also benefited billionaire promoters in India. The super rich club grew to an all-time high of 90 billionaires (in dollar terms) against 80 at the end of December 2019. Together, these billionaires now have a combined wealth …
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Since the skies are far from clear, the new owner will also be able to lay off employees, as his requirement will drop with the reduction in fleet size, officials familiar with the matter said. Topics Air India | Sale of Air India | Privatization of Air India The central …
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Written by Pranav Mukul | New Delhi | December 15, 2020 4:48:21 am “Multiple expressions of interest have been received in Air India’s strategic divestiture. The transaction will now go to the second stage, ”Tuhin Kanta Pandey, secretary of the Department of Investment and Management of Public Assets, posted in …
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If Air India enters their fold, Tatas’ combined market share in the Indian domestic aviation market will be around 23%, 10% higher than SpiceJet. Topics Tata Group | Air India | Singapore Airlines Salt-to-steel conglomerate Tata Sons is likely to file an expression of interest (EoI) for state airline Air …
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December 11, 2020 02:48:46 PM IST Global stocks tumble after Wall St falls on virus pressure Global stock markets mostly fell on Friday after U.S. unemployment claims surged in a sign of worsening economic damage from the coronavirus pandemic, while Congress is stalled on possible new aid. On Wall Street, …
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The Tata Group rejected a truce offer from billionaire conglomerate Pallonji Mistry that suggested trading the Mistry family’s stake for $ 24 billion worth of shares in Tata’s listed companies. “It doesn’t make sense. This kind of relief cannot be given,” Tata’s lawyer Harish Salve said during a hearing before …
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The Tata group has estimated that the valuation of the Mistry family’s 18.4 percent stake in Tata Sons ranges from Rs 70 billion to Rs 80 billion compared to Rs 1.78 trillion sought by the family. During today’s Supreme Court hearing, Tata Sons lawyer Harish Salve mentioned that the Mistry …
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The online grocery store in the country has been growing at a dizzying rate during COVID-19 Tata Group is in advanced talks to buy up to 80 percent of BigBasket in a deal that is likely to value the local online supermarket backed by Alibaba Group Holding Ltd. at around …
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