(This story originally appeared in on Mar 23, 2021) Mumbai/New Delhi: Tata Group and promoter Ajay Singh have been shortlisted for the bid to buy out Air India, people familiar with the development have told TOI. The two will now have to submit financial bids after completing due diligence on the national carrier’s books, agreements … Read more
Tata Group’s Chairman Emeritus Ratan Tata on Saturday took his first dose of COVID-19 vaccine. He said the vaccine shot was painless and expressed his hope that everyone would get immunised against coronavirus in the near future. “Very thankful to have gotten my first vaccination shot today. It was effortless and painless. I truly hope … Read more
By Upmanyu Trivedi Tata Group rejected a truce offer by billionaire Pallonji Mistry’s conglomerate that suggested swapping the Mistry family’s stake for shares worth $24 billion in the listed Tata companies. “It’s nonsense. This kind of relief cannot be granted,” Tata’s lawyer Harish Salve said during a hearing before India’s Supreme Court on Thursday. “I’m … Read more
IT and pharma look very promising as we see the visibility of earnings in them, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Let us address what is going on within the cement space owing to the fact that UltraTech has certainly been in focus on the back of their … Read more
NEW DELHI: Investigation into the AgustaWestland VVIP chopper deal has revealed that middlemen involved in the deal allegedly had some other Indian defence deals on their radar, including one for light observation helicopters and a contract to refurbish an airport, people with direct knowledge of the matter said. Dispatches allegedly sent by alleged middleman Christian … Read more
ET Intelligence group: IT has transformed into a ‘growth’ sector in a world beset by the Covid-19 pandemic, after shedding its long-held ‘defensives’ tag, resulting in disproportionate interest from local fund managers. Domestic mutual funds have raised their holding of IT stocks by 290 basis points over the last one year, taking their total holding … Read more
Smartworks had thought of itself as a disruptor so it was caught unawares, much like the rest of the world, by the large-scale disruption the Covid-19 outbreak introduced. The provider of coworking spaces had expanded operations to nine cities since it was established in 2016. It was also getting a boost from the startup and … Read more
ET Intelligence Group: Infosys was the third IT exporter to demonstrate a solid demand recovery in the second quarter similar to its peers Tata Consultancy Services (TCS) and Wipro. However, unlike them, it was able to report 3.2% year-on-year growth in revenue at $ 3,312 million reflecting a stronger momentum. The other two recorded a … Read more
By Tim Quinson The makeup of a company’s board, believe it or not, can have a meaningful impact on a company’s performance. For example, companies that have the same person serving as both chairman and chief executive typically report about an 80 basis-point lag in return on assets, according to an analysis by Bloomberg Intelligence. … Read more
We are looking at more domestic plays in the second half of 2021 when you can start nibbling away when you get days like today, says the CEO, Avendus Capital. Where do you think we are headed given the various factors we are tracking both globally as well as right here back home?We have followed … Read more