Three letters set the tone for Tata Sons board meeting on November 26
Indian markets convened in a governance development with November 26 in focus.
· BS Companies
After truce meeting with Chandrasekaran, Noel wants Tata Sons restructuring and Shapoorji Pallonji fundraising on the board…
Key facts
- Dates in focus
- November 26
The analysis
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable.