The dispute escalated following a petition submitted by Srinivasan and Singh on September 25, which raised governance concerns within SDTT-the single largest shareholder in Tata Sons, holding a 27.98% stake.
Employee unions have reiterated the call for 3.833 as fitment factor under the 8th Pay Commission. When compared against the way the last pay panel measured its own award, that works out to about 10 times the real raise employees got in 2016.
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
Gold prices in Delhi rose to Rs 1,50,300 per 10 grams ahead of Dussehra. With festive buying gaining momentum, investors and jewellery buyers are watching whether prices will climb further before Diwali.
While Nirmal Bang is the most optimistic among the five brokerages, with a target price of Rs 1,000, Anand Rathi and ICICI Securities have placed greater emphasis on the time required for a sustained post-merger recovery.
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