Tata Sons Moves To Settle $1.18 Billion Legal Dispute With DoCoMo

Tata Sons has agreed to pay NTT DoCoMo $1.18 billion to buy out the Japanese firm's stake in a telecoms joint venture, paving the way for the settlement of a long-standing dispute days after a new chairman took charge at the Indian conglomerate. Tata Sons said it reached an out-of-court agreement with DoCoMo to enforce a decision taken by a London arbitration court and both companies had applied to the Delhi High Court asking it to a...