Categories
Business

Tata Group increases holding in struggling AirAsia India

The Tata Group increased its holding in AirAsia India from 51% to 84% on Tuesday as its Malaysian parent company was scaling back operations amid the Covid pandemic. Tata also put in a bid for the country’s struggling national carrier Air India. Tata Group is paying AirAsia around USD $38 million for the increased stake […]

Categories
Business

Tribunal restores Cyrus Mistry as chairman of Tata Sons

National Company Law Appellate Tribunal (NCLAT) on Wednesday restored Cyrus Mistry as executive chairman of Tata Sons. Cyrus Mistry, who comes from a family that owns a minority stake in Tata Sons, was tangled in a legal battle with the conglomerate after he was removed as chairman in October 2016. The tribunal has also held […]