Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
Tata Steel's domestic operations have been its cash cow.
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Traders blame demonetisation for subdued demand in retail segment
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Sensex, Nifty put up a good show in closing trade.
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.
In the domestic market, the Tata Group has lost ground in the passenger car business.
A large chunk of the Rs 8.8 lakh crore of investments the Patnaik government had attracted is in uncertain territory.
TCS still ace in the pack
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
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