Tata Trusts Moves Charity Commissioner With Caveats After Venu Srinivasan's Complaint | Exclusive
· NDTV Profit, Business Today Mkts
The caveats seek to ensure that the trusts are given an opportunity to be heard before the Charity Commissioner passes any order affecting them.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.