HPCL, in a regulatory filing on Sunday, March 28 further stated that the acquisition is likely to be concluded by March 31, 2021, and doesn't require regulatory approval

The Supreme Court on Friday upheld the ouster of Cyrus Mistry as executive chairman of Tata Sons in connection with the dispute between Tata Sons Pvt Limited and Cyrus Investments Pvt Ltd. A three-judge bench, headed by Chief Justice of India (CJI) SA Bodbe, gave its verdict on the basis of cross-appeals filed by the two entities against the 2019 National Company Law Appellate Tribunal (NCLAT) order reinstating Mistry as executive chairman of Tata Sons. The apex court had reserved its judgement in the case on December 17 last year after hearing arguments presented by a number of senior advocates including Harish Salve, Shyam Divan and CA Sundaram. Watch the video for more.Also Read: Tata Group shares rise up to 6% after Supreme Court upholds removal of Cyrus Mistry

SC asks both parties to take Article 75 or any other legally available route. It says valuation of shares of SP Group depends on value of stake of Tata Sons in listed equities, unlisted equities, immovable assets, etc

Centre is planning to invite financial bids for the privatisation of Air India by end of this month. Plan is to wrap up disinvestment process in second half of current calendar year

It must be noted that Tata Group has not yet taken the final call on the quantum of divestment and how much it wants to raise from the proposed stake sales

Pritish Nandy Communications share price hit upper circuit of 10 per cent for second day after the Chairman Emeritus of Tata Sons acquired a stake in the company through market purchases

Stock Market News Update Today: ICICI Bank, State Bank of India, Kotak Mahindra Bank, HDFC Bank, NTPC were notable losers on the BSE Sensex pack

Tata Sons has agreed to acquire control of India's largest online grocer BigBasket; Reliance Industries recently acquired additional equity stake in the US-based technology company skyTran Inc

Following the announcement, Pritish Nandy Communications shares gained as much as 9.81 per cent to hit intraday high of Rs 23.50

Tata has invested in many startups and technology companies in the past, including Ola, Paytm, Snapdeal, CureFit, Urban Ladder, Lenskart, and Lybrate.

Stock Market News Update Today: Bajaj Finserv, Bajaj Finance, Bajaj Auto, Larsen & Toubro, Dr. Reddy's Laboratories were among top losers, while Mahindra & Mahindra, Power Grid Corporation, IndusInd Bank, HCL Technologies and State Bank of India were among notable gainers.

In January, the US electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its office registered in Bengaluru, a hub for global technology companies

Earlier this month, Tata Sons Chairman N Chandrasekaran had denied speculations on talks between Tesla and Tata Motors for a possible tie-up in India.

Tata Digital Ltd has proposed to acquire 64.3 per cent stake in Supermarket Grocery Supplies Pvt Ltd (SGS), which handles business-to-business sales of BigBasket brand

Why Shapoorji Pallonji Group, with exposure to worst-hit sectors such as construction, real estate and infrastructure, is exploring options to deleverage

The government will sell its entire stake in Tata Communications Ltd (TCL), erstwhile VSNL, through an offer for sale and strategic sale route by March 20, 2021

The details were sought in reference to restrictions on the Transaction Advisor, Ernst & Young LLP India, from publicly disclosing the details of the qualified interested bidders of Air India who have responded to and have been cleared in the evaluation of Expression of Interest 

The move by the NYSE, which will limit US investor access, follows global index providers MSCI Inc, S&P Dow Jones Indices and FTSE Russell and Nasdaq deleting various Chinese companies from their indexes

Addressing a webinar organised by Care Ratings, V R Sharma, the managing director of JSPL said the government should instead lead by example by asking PSUs like Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd to reduce prices

In stage II, shortlisted bidders will be given a request for proposal (RFP), post which a transparent bidding process will take place