Markets◆ Mixed
Sir Dorabji Tata Trust gets a week more to respond to complaints by two trustees
Indian markets left its position unchanged with 19 October in focus.
· LiveMint Companies
SDTT, which holds 27.98% of Tata Sons, sought an extension to respond to the Charity Commissioner’s queries on complaints filed against it. The deadline is now extended to 19 October.
Key facts
- Dates in focus
- 19 October
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.