Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
Markets to track inflation data, global trends, FII trading this week: Analysts New Delhi, Dec 8 (PTI) Investors' sentiments will be guided by a host of domestic and global macroeconomic data announcements this week, along with the trading activity of foreign investors and trends in world stocks, analysts said. Besides, the rupee-dollar trend and movement of global oil benchmark Brent crude will also be crucial in dictating terms in the market, experts added. "The domestic stock market is likely to be shaped by a mix of global cues, domestic economic indicators, and the flow of investments from foreign and domestic institutional investors. Key factors like the rupee's exchange rate and crude oil prices will play a critical role in determining market trends. "Globally, geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, continue to pose challenges. However, recent declines in the dollar index and US bond yields have created a more favourable environment for emerging markets like India," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. On the economic front, significant macroeconomic releases, including retail inflation and industrial production data from India as well as US core CPI, are expected to influence overall market sentiment, Gour added. Last week, the BSE benchmark jumped 1,906.33 points or 2.38 per cent, and the NSE Nifty climbed 546.7 points or 2.26 per cent. "FIIs turning buyers in early December, in a total reversal of their sustained selling strategy during the last two months, has altered the market sentiments. The change in FII (Foreign Institutional Investors) strategy is getting reflected in stock price movements, particularly in large-cap banking stocks in which FIIs have been sellers," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. The release of US CPI inflation data will give some insights into the Fed's December meeting, an expert said. "The markets' attention is expected to turn towards macroeconomic indicators like IIP and CPI inflation. Additionally, the trend of FII inflows, following their recent buying spree, will remain a key focal point for market participants," Ajit Mishra - SVP, Research, Religare Broking Ltd, said. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said this week will see significant economic data releases, including GDP numbers from Japan and the UK, along with China's CPI and India's CPI.
The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
Tata Group is the country's most valuable group and has an estimated 4.1 million shareholders across its various listed companies
Hussain shall hold office as the chairman of the company until a new chairman is appointed in his place
Pallonji Mistry, an Indian origin business magnate, has topped Ireland's rich list with a worth of 3.9 billion pounds.
Cyrus Mistry, who takes over captaincy of the Tata group this Friday, doesn't have to worry about the wicket. With a team comprising some of India's best corporate leaders - all carefully handpicked by his predecessor - Mistry can surely hit the ground running.
Mistry's intention of selling ailing steel maker Corus, Tata's so-called feather in the cap, was one reason for his ouster
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.
The poster war between Congress Vadodara candidate Madhusudan Mistry and the Bharatiya Janata Party refuses to die down as the saffron party has now demanded that the expenses of the exhibits carrying photos of Congress vice president Rahul Gandhi with him should be included in his personal expenditure.
Tata Group expects to do some tightrope walking on legal issues in the days ahead.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
Robert Con Davis-Undiano, executive director of international magazine World Literature Today, said: "The world will quickly discover the excellence of Rohinton Mistry's luminous fiction that the Neustadt jury acknowledged with this choice. Giving the award to Mistry is inspired."
Mistry took over as head of the $96.79 billion diversified conglomerate in December 2012.
The notices from the stock exchanges followed reports about Cyrus Mistry disclosing possible writedown to the tune of $18 billion faced by the conglomerate
Mistry would be succeeding as the chairman of Tata Group.
Tata group will invest over Rs 45,000 crore on various businesses over next two years and would look to expand its presence in global markets besides in India, the group's new chief Cyrus P Mistry said.
Mistry indeed followed standards of corporate governance so that it should not create any controversies at a later date
Tata Group chairman Cyrus Mistry is keen to promote the 'Make in India' campaign.
Mistry was in the state on his first visit as the head of the conglomerate
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
Pooja Kataria, a passenger on the IC-814 flight hijacked in 1999, says viewers should approach the recently released web series based on the incident as entertainment rather than sparking controversy.
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
Sources in the Tata group said they could not attend as they were travelling.
The Vadodara police on Thursday detained Congress candidate against Narendra Modi, Madhusudan Mistry, and other party workers when they tried to paste his posters on his rival's banners at advertisement kiosks in Dandiya Bazaar area.
'Tata Steel has doubled, Tata Motors has more than doubled, and Tata Chemicals too has more than doubled.' 'So, Cyrus Mistry was getting accepted by the market for bringing in the change that was good for the group companies.'
Cyrus Mistry said more focus was needed for improvement in key areas such as vehicle technology.
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
The Starbucks partnership will take couple of years to break-even.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
Profit in FY13 up 18% to Rs 3,713 crore, dividend income jumps 37%
All India Congress Committee General Secretary Madhusudan Mistry has emerged as the new pointsman in the organisation. While he is heading the team of Lok Sabha observers who have been appointed to report on the state of preparedness of the party for the LS polls, he himself is travelling to various states to get a first hand account of how prepared the Pradesh Congress Committee is to contest the coming election.
Rs 135.3 crore. How much of it was salary, and how much commission?
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Netflix India's content head Monika Shergill on Tuesday met Information and Broadcasting Secretary Sanjay Jaju in New Delhi, amid a row over the web series IC-814: The Kandahar Hijack.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
