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Showing posts from December, 2020

The biggest scam of 2020!

  Just when India was on the verge of forgetting it's past financial disasters and was recovering from the massive financial blow that Covid gave, came out one of the biggest scams of the India which may effect the Indian economy like no other previous scams. I am talking about the Transstroy scam. This scam is reported of a huge amount of ₹ 7,926 crores.  First let's talk about Transstroy.  Transstroy is a company from Hyderabad. It was incorporated in 2001 and it had interests in the infrastructure sector. And considering one of the directors happened to be a former MP from Andhra Pradesh, they had no problems accessing loans and government contracts. But there are many allegations surrounding the company right off the bat. In fact, when Transstroy bagged the ill- fated Polavaram irrigation project in Andhra Pradesh, many cried foul over the decision. It was alleged that Transstroy and its Russian joint venture partner had submitted fake documents, claiming they had built dam

THE TATA SONS - SHAPOORJI PALLONJI FEUD.

   One of India's oldest and most trusted brands of all time was recently in one of the biggest financial feud with its life long business partners. I am indeed talking about the Tata vs Mistry dispute. In the last month, Tata Sons and the construction giant Shapoorji Pallonji Group were on the verge of fighting another bitter courtroom battle that would have further strained their relationship. Let's see where does this dispute originates from and what are the highlights of it.  The Tata empire is massive and its structure is quite complicated. At the top is Tata Sons which is the organization which holds together all of the Tata's ventures - Tata Steel, Tata Motors, Tata Consultancy Services (TCS), etc. " Tata Sons", in turn, primarily belongs to two large instituions. Tata Trusts - a group of charitable organizations set up by Sir Ratanji Jamsetji Tata. They own about 55% of the company and..  The Shapoorji Pallonji group, who own about 18% of "