US based firm has $28 mn market cap, has already bid for several bankrupt firms in India such as Lavasa Corp, Asian Colour Coated Steel and Reliance Naval
Here are the top headlines on Tuesday morning
Over the past three decades, the group made unsuccessful attempts to get back into the commercial aviation business
Mistry counsel Sundaram claims Ratan Tata was able to achieve this through the Tata Trusts-nominated directors on Tata Sons board
The latter's bid is made in partnership with a group of airline employees
An official said transaction advisor will inform bidders before January 6, if their bids have been qualified
A successful bidder would win control of Air India's 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas
Based on current valuation ratio of listed holding companies, Tata Sons now valued at Rs 5.08 trn
But for the country to be ready to participate, there is a need to establish regulatory standards on data and taxation in general, Tata Sons Chairman N Chandrasekaran said
Tata Sons' counsel, Harish Salve said the Mistrys are seeking division of assets including 18.4 per cent stake in Tata brand
Tata Sons counsel Harish Salve says all Tata companies are doing well, making money; Mistry must prove lack of probilty and impact on his rights while complaining
The valuation disagreement marks the latest chapter in a four-year-old wrangle that started with a boardroom coup in 2016 at Tata Sons.
Vistara is a joint venture between Tata Sons Private Limited and Singapore Airlines (SIA).
The Tata group has appealed against a National Company Law Appellate Tribunal (NCLAT) order
The plan to take ownership of AirAsia would give it a presence in both the full-service and low-cost carrier markets
From Tata Sons raising stakes in AirAsia to putting off artillery import embargo, here are top headlines this morning
If the Tatas successfully acquire Air India, the conglomerate is likely to integrate AirAsia with Air India's low-cost subsidiary, Air India Express
The top court had on September 22 restrained Shapoorji Pallonji (SP) Group and Cyrus Mistry as also his investment firm from pledging or transferring their shares of Tata Sons Pvt Ltd (TSPL)
In a Q&A, Sanjay Dutt dwells on the big leasing deals his company has done during the lockdown and the good traction it has seen in housing sales
A legal source said the Mistrys would have to sell shares in listed Tata companies to pay the tax (if Tata Group agrees to the Mistry plan) and lower their stakes in them