BENGALURU/MUMBAI: The friction continues between Shapoorji Pallonji Group, the largest public shareholder of Tata Sons, and the philanthropic entities that control the Tata empire.
This, despite a change of guard at the Tata Trusts with Noel Tata taking over as chairman this October.
The chief executive of Tata Trusts told Mint in an email response to a questionnaire sent on Tuesday that Tata Sons' shares cannot be used as collateral for fresh loans by the SP Group.
According to an executive privy to the development, Shapoorji Pallonji Group plans to use the 18.4% shares it owns in Tata Sons, the holding company of the Tata Group, as collateral to replace its current loans totaling ₹22,000 crore ($2.6 billion) that are payable by March 2025.
Denne historien er fra December 11, 2024-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 11, 2024-utgaven av Hindustan Times Navi Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
India's economy grew 66% in 10 yrs: PM
Prime Minister Narendra Modi said on Wednesday that India's economy grew 66% over the last decade, citing a February report from the International Monetary Fund (IMF).
BSE, NSE rivalry heats up in battle of options
The rivalry between India's two stock exchanges is set to intensify, with the National Stock Exchange (NSE) shifting the expiry day for its weekly Nifty options contract to Monday from Thursday, starting April 4.
Agri Minister's Conviction in 1995 Cheating Case Stayed
The Nashik sessions court on Wednesday stayed state agriculture minister Manikrao Kokate's conviction in a 1995 cheating and forgery case, removing the necessity of his removal as a member of the legislative assembly, for now.
State-wise common civil codes contradict UCC idea
After Uttarakhand promulgated a Uniform Civil Code (UCC), a few other BJP-ruled states decided to follow suit.
'No basis for FIR over encounter of accused'
The state government on Wednesday informed the Bombay high court that no basis had been found yet to register a first information report (FIR) against five policemen involved in the encounter killing of Akshay Shinde, who allegedly sexually assaulted two kindergarten girls in a school in Badlapur East in August 2024.
HC Clears Adani Firm's Jetty Project Near Alibag
The Bombay High Court (HC) on Wednesday granted permission to Adani Cementation Limited to proceed with the construction of a jetty and conveyor corridor near Alibag to facilitate cement transportation via waterways.
Hasan Mushrif Steps Down As Guardian Minister Of Washim
NCP minister Hasan Mushrif has resigned from the post of guardian minister of Washim district in Vidarbha after conveying to the party leadership that he was not able to devote time to his own constituency, Kagal, which is over 600 km away in Kolhapur.
After Munde, Oppn targets another min
GORE CALLED IT A POLITICAL CONSPIRACY TO BESMIRCH THE MAHAYUTI
Trump's 5 Bets in US Congress Speech
Donald Trump's first address in his second term to the joint session of the US Congress on Tuesday confirmed he is making five big bets straddling politics, foreign policy and the economy.
State Keen on Vantara-like Project, Writes to Ambani
The state government will request the central government to allow industrialists to open animal rescue and rehabilitation centres in the state, along the lines of Vantara in Gujarat,
