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Business India

Tata’s regain control of Air India after years of taxpayer bailouts

Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. “It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation […]

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Tata Sons challenges Mistry’s reinstatement in Supreme Court

Tata Sons Ltd approached the Supreme Court to appeal against the tribunal order that held former chairman Cyrus Mistry’s ouster as illegal, terming the court’s direction to reinstate him untenable in law and inconsistent with the Companies Act. In a petition, Tata Sons said the National Company Law Appellate Tribunal (NCLAT) ruling “has created confusion […]