Gautam Adani is trying to significantly expand his conglomerate. But why is he pursuing such a strategy, when large diversified conglomerates continue to be seen as dinosaurs in the West?
The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money
At present, the Tata group owns and operates four airlines - Air India, Air India Express, AirAsia India, and Vistara. Air India and Vistara operate on both domestic and international routes
The move is significant because building indigenous network capabilities will go a long way in making India in a key player in the 5G Open RAN network arena
The apex court had on January 10 granted relief to Tata group by staying the NCLAT order of December 18 last year by which Mistry was restored as the executive chairman of Tata Sons