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Musk's ability to ice out Ramaswamy, who for a variety of reasons had irked some Republicans in Trump's circle, is the latest sign of his influence in the incoming administration. It presages an encore of all of the infighting that marked Trump's first term.
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News and Media
Tata Sons is exploring various scenarios to address the pressure from the Shapoorji Pallonji Group for a possible share sale. Options include a public listing, stake sale, or buyout of the minority stake. However, these outcomes are not expected immediately due to stakeholder disagreements and strained relations.
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News and Media
The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
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News and Media
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