While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
The Essar group, Jindal Steel and Power, Monnet Ispat, Bhushan Steel and the Avantha group have been asked to close deals by March-end.
'This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.'
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
The idea is to create a start-up-like activity with a small business unit.
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
Industrialist Pawan Ruia's (think Dunlop and Jessop) arrest this month for cheating and criminal breach of trust marked a new low, but the tide had been turning against him for a while now. Ishita Ayan Dutt & Avishek Rakshit report.
Reports from Ludhiana, Coimbatore, Moradabad, Tirupur, Indore, Surat, Delhi, Mumbai, Kolkata, Chennai and Hyderabad, suggest the impact of demonetisation is worsening.
Tatas plan to revive, not sell the Port Talbot steel plant. The investment could be as much as $500 million.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Mistry indeed followed standards of corporate governance so that it should not create any controversies at a later date
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Top 100 billionaires see their wealth rise 10%; top 20 account for half of total wealth of top 100.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Government officials working overtime to dismantle the Tata plant and return land to farmers, says Ishita Ayan Dutt.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
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