Latest Business News – After the biggest boardroom battle of these times, the Tata Group seems to be getting back to business. The $103-billion conglomerate is working on at least five priority areas, from the leadership structure to resolving of pending business issues.
A breakthrough in the Docomo case is top, it is learnt. Sources indicate a resolution might be possible by the time N Chandrasekaran takes over as chairman of Tata Sons on February 21. Talks are on between the Indian and Japanese sides, says a source in the know.
Japanese telecom group Tata Docomo, which was in partnership with Tata Teleservices, had filed for international arbitration over non-compliance of a financial agreement, that came to test when the companies parted ways. Subsequently, Docomo won an award of $1.17 bn. While the Tatas have deposited Rs 8,000 crore with the registrar of the high court in Delhi (the next hearing is on February 2), they are (Read More)