Providing an exit to the Shapoorji Pallonji Group will compel the Tata Group to reduce its equity holding in TCS, pledge equity of its listed companies against debt, or allow an outside investor in Tata Sons. Any of these options will reduce Tata Sons’ financial flexibility, heightening the performance pressures of the group. With the SP Group’s exit, the Tata group will no longer resemble its past. Download the full blog

The RBI has let the situation linger at Lakshmi Vilas Bank linger for too long. It cannot afford another accident in the financial sector after IL&FS, PMC and Yes Bank. Last week marked the first anniversary of the Punjab and Maharashtra Cooperative Bank debacle. Even as stories of its depositors struggling to repay loans or depending on their friends for charity continued to hog headlines, a solution to the bank’s insolvency remains elusive. Policy makers may take comfort in

Even the most sceptic will admit that virtual meetings are cheaper, greener and save time. But we should not let these pluses detract from the need to make shareholder meetings more relevant. ““Satyug beeta, Kalyug aaya, par aap ka roop badal na paya, Aap aaj bhi wahi ho, jo dhool mai phool khilade” (Good times give way to difficult days. Yet all through this period of momentous change, you have retained the ability to turn dust to gold). For the occasional attendee, this bit