Cyrus Mountry, a former Chairman of Tata Sons who was killed in an accident on Jalan Early this week, was cremated in the Finance Capital on Tuesday. The funeral in Central Mumbai’s World Crematorium was attended by a very close PARSI community member, several business leaders and politicians. The stepmother industry Doyen Ratan Tata Simone […]
CCI penalises United Breweries India and Carlsberg India for carterlisation
Competition Commission of India (CCI) on September 24 has imposed penalties of around ₹900 crore on three beer-making companies also as their trade association All India Brewers’ Association (AIBA) for cartelisation. The antitrust body during a statement said that SABMiller India (makers of foster beer), United Breweries (makers of Kingfisher beer) and Carlsberg India were indulging in cartelisation within the sale and […]
Tatas Submit Bid For Air India Sale
The government is predicted to finish the bidding process of debt-laden national carrier Air India on Wednesday (September 15). Tata Sons has apparently submitted its bid for the sale. Air India received financial bids (including Tata’s) for its disinvestment process, Finance Ministry said. “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding […]