Try GOLD - Free

Mistry gears up for legal battle, calls for 'a fair hearing'

Financial Express Bengaluru

|

November 04, 2025

INDUSTRIALIST MEHLI MISTRY has filed a caveat petition before the Maharashtra Charity Commissioner, requesting that he be given “a fair hearing” before any formal move ismade to remove him as a trustee of Tata Trusts.

- GEORGE MATHEW

While the caveat, a preemptive legal measure, ensures that the court or the Charity Commissioner cannot pass any orderagainsthimwithout first giving him an opportunity to present his side, Mistryis understood to have got the support of Ratan Tata’s half-sisters.

Mistry’s challenge could complicate the plans of the Noel Mistry camp, potentially leading toanotherhigh-profilelegal tussle. It’s learnt that half-sisters of Ratan Tata, Shireen and Deanna Jeejeebhoy, are supporting Mistry and had goneon record expressing displeasure over the developments. Darius Khambata, a senior lawyer and a close associate of Mistry, Shireen, Deannaand Mistry are the executors of Ratan Tata’s will. Khambata, who voted for Mistry, is on the board of both Sir Ratan Tata Trust and Sir Dorabji Tata Trust.

MORE STORIES FROM Financial Express Bengaluru

Financial Express Bengaluru

Airtel to approach Govt for AGR relief

BHARTI AIRTEL ON Tuesday said it plans to approach the government, seeking a reassessment of its adjusted gross revenue (AGR) dues.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

SC seeks Centre’s comprehensive reply on pleas challenging online gaming law

THE SUPREME COURT on Tuesday asked the Centre to file a comprehensive reply on petitions challenging an online gaming law which prohibits “onlinemoney games’, and bars banking services and advertising related to them.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

‘Discretionary spending has revived with GST rate cuts’

After nearly five quarters of a decline in same-store sales growth, Tata Starbucks, a joint venture between Starbucks and Tata Consumer Products, posted a low single-digit SSG in the July-September period. This was driven by improved sentiment and out-of-home spending by consumers following the GST and income tax cuts, Sunil D’Souza, MD & CEO, Tata Consumer, told Viveat Susan Pinto in an interview. He also highlighted demand trends in FMCG and the company’s outlook for the second half of FY26. Excerpts:

time to read

2 mins

November 05, 2025

Financial Express Bengaluru

Dick Cheney, former US vice president, dies

DICK CHENEY, A driving force behind the US invasion of Iraq in 2003 who was considered by presidential historians as one of the most powerful vice presidents in US history, has died at age 84, his family said in a statement on Tuesday.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

M&M profit beats Street, rises 18% to ₹4,521 crore

STRONG TRACTOR AND LIGHT TRUCK VOLUMES DRIVE GROWTH

time to read

2 mins

November 05, 2025

Financial Express Bengaluru

Lenskart issue gets 28x subscription

THE INITIAL PUBLIC offering of Lenskart Solutions, India’s largest prescription eyewear retailer, received 28.26 times subscription on the final day of the share sale on Tuesday.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

Mamata tears into BJP, EC over SIR

MOUNTING A BLISTERING attack on the BJP and the EC, West Bengal Chief Minister Mamata Banerjee on Tuesday accused them of turning the ongoing Special Intensive Revision (SIR) of voterlists into a political tool for a “silent, invisible rigging” ahead of the 2026 Assembly polls.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

Domestic capital to form bigger part of PE fundraise’

Homegrown private equity firm ChrysCapital has closed its latest Fund X at a record $2.2 billion, marking a 60% jump over its $1.35-billion Fund IX in 2022. In an environment where global fundraising cycles have stretched and limited partners (LPs) have turned cautious, ChrysCapital wrapped up the fund’s final close within six months of its first close, Managing Director Saurabh Chatterjee tells Ayanti Bera in an interview. Excerpts:

time to read

3 mins

November 05, 2025

Financial Express Bengaluru

Hyundai sees GST boost to SUVs, drives in new Venue

HYUNDAI MOTOR INDIA expects the sport utility vehicle (SUV) segment to keep powering the domestic passenger vehicle market, as buyers continue to gravitate towards larger cars even after the GST changes.

time to read

1 min

November 05, 2025

Financial Express Bengaluru

Promise and precarity

NEED FOR URGENT OVERHAUL, BACKED BY LEGAL RECOGNITION, SOCIAL PROTECTION AND ACTIVE GOVERNANCE

time to read

4 mins

November 05, 2025

Listen

Translate

Share

-
+

Change font size