Top headlines: US attack on Soleimani to hit India, Tata moves SC, and more

Topics Ratan Tata | Cyrus Mistry | NCLAT

Ratan Tata
And now, Ratan Tata moves SC against NCLAT order restoring Cyrus Mistry
In his petition, Tata said the NCLAT judgement is based on a wrong premise that Tata Sons is owned by just two groups. “There has never been any relationship akin to a partnership. Cyrus Mistry was made the Executive Chairman of Tata Sons in a purely professional capacity and not as a representative of the SP Group,” he said in his petition. Read more

US attack on Qassem Soleimani to hit India's economic recovery, say experts
Analysts see the development affecting India's economic recovery in the short-term. "If the tensions persist for a few months, the Indian economy may take a hit again as high crude oil prices will stoke inflation... If Brent Crude hits $80 per barrel-mark, inflation will begin rising and margins of corporations may be negatively affected," said G Chokkalingam, founder, Equinomics Research & Advisory. Read more

Govt to retain exports scheme till March after WTO asked for its scrapping
The government has not officially announced extending the Merchandise Exports from India Scheme (MEIS) but it will stay till the new Foreign Trade Policy begins on April 1, said the Federation of Indian Export Organisations on Thursday. Read more

MFs added Rs 3.15 trn to asset base in 2019 on debt schemes, Sebi measures
The asset under management (AUM) of the industry rose by over 13 per cent (Rs 3.15 trillion) to Rs 26.77 trillion at the end of last month, up from Rs 23.62 trillion at the end of December 2018, according to the latest data available with the Association of Mutual Funds in India (Amfi). Read more

Amid promoters' spat, InterGlobe Aviation to hold shareholder meet on Jan 29
InterGlobe Aviation on Friday said a meeting of shareholders will be convened on January 29 to seek approval for certain changes in the company's articles of association. Read more

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