High headlines: Tatas win in courtroom in opposition to Mistry; Air India sale in June

High headlines: Tatas win in courtroom in opposition to Mistry; Air India sale in June

Tata vs Mistry: SC guidelines in favour of Tata Group, units apart NCLAT judgment

In a serious victory for the Tata group, the Supreme Court docket (SC) on Friday dominated in favour of the Tatas of their battle with the Mistry group by setting apart the Nationwide Firm Legislation Appellate Tribunal (NCLAT) order which had re-instated Mistry on Tata Sons’ board and had termed present Chairman N Chandrasekaran’s appointment as ”unlawful”. The nation’s apex courtroom additionally rejected Mistry group’s plea in opposition to the conversion of Tata Sons into a non-public firm. Learn extra

Monetary bids will likely be invited in coming days for Air India sale, says govt

The federal government is a brand new timeline for Air India disinvestment and monetary bids will likely be invited within the coming days, Union minister Hardeep Singh Puri stated on Friday. Noting that there isn’t a selection however to both “privatise or shut” Air India, he stated the federal government must maintain the airline operating until it will get divested. Learn extra

Anish Shah to take over as MD and CEO of M&M subsequent month, firm says

Mahindra and Mahindra’s board of administrators has appointed Anish Shah because the Managing Director (MD) and Chief Govt Officer (CEO), efficient April 2, 2021. He’s the deputy MD and group chief monetary officer. This follows the highest administration succession plan introduced final 12 months by the tractor-to –know-how agency on December 20. Learn extra

Govt extends validity of driving licence, automobile paperwork until Jun

The federal government on Fridayextended the validity of motorcar paperwork like driving licence (DL), registration certificates (RC) andpermitstill June30,2021, in view ofthe ongoing COVID-19 pandemic. Learn extra

Oil costs recuperate some floor on fears Suez blockage could final weeks

Oil costs reversed a pointy sell-off a day earlier to rise 1% on Friday on mounting fears that it might take weeks to dislodge an enormous container ship blocking the Suez Canal, which might squeeze provides of crude and refined merchandise. Learn extra

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First Printed: Fri, March 26 2021. 17:49 IST