Tata Sons has initiated early talks with minority shareholder Shapoorji Pallonji (SP) Group to explore potential exit and monetisation options for SP’s 18.37% stake, currently pledged with lenders. This follows a resolution by Tata Trusts to retain Tata Sons’ private status and seek a settlement. Chairman N Chandrasekaran recently met Shapoor Mistry, marking their first formal engagement since 2016.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.