Over the years, half a dozen banks, specialising in capital market exposures with their dealing with brokers and investors pledging stocks to raise funds for trades, have captured the market. As a result, these banks have ended up holding a predominant value of the FDs and securities and issuing guarantees given as collaterals with the clearing corporations.
Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles