Corporate Grapevine

Published: Dec 29, 2021
Updated: Dec 29, 2021

PM’s dream project ‘binds’ Tatas, SP!

The Tatas are constructing the monumental Central Vista project while their arch rival, the Shapoorji Pallonji (SP) group, is doing the redevelopment of Rajpath in New Delhi. Both groups were vying for the project and after Tata won the Parliament project, the SP group shot off several letters to the government and threatened litigation. But just four days later, in October last year, the SP group withdrew its objections against the Tata group and was given the Rajpath redevelopment project.

Interestingly, the SP group has filed an affidavit in the Delhi High Court supporting the Modi project, and one can expect a similar approach by the Tatas too. In a sense, Prime Minister Modi, whose image has been badly dented by the Centre’s weak response to the second wave of the Covid pandemic, can take comfort from having brought two large, warring corporates together!

February 15, 2025 - First Issue

Industry Review

VOL XVI - 10
February 01-15, 2025

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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