Markets◆ Mixed
Mehli Mistry challenges Tata Trust removal before Mumbai Charity Commissioner
· Business Today Mkts
Pointing specifically to Reporting Trustee Noel N. Tata, Mistry highlighted that Noel Tata is an Irish citizen holding a UAE Golden Visa while questioning his fiscal residency status.
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.