Top headlines: Tata-Mistry shares dispute, India trials for Russia vaccine

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says it's open to buying Mistry group's shares to aid fundraising

Tata Group, India's largest conglomerate, is open to buying the shares in Tata Sons Pvt. held by the to aid the latter's fund raising efforts, Tata's lawyer told India's Supreme Court. The Shapoorji Pallonji Group, controlled by tycoon Pallonji Mistry and his family, own about 18% of closely held Tata Sons, the holding company of the $113 billion software-to-cars Tata empire. Read More...

Sebi to prescribe stress tests, liquid holdings for debt mutual funds

The Securities and Exchange Board of (Sebi) on Tuesday said it would soon issue guidelines that mandate all debt mutual fund schemes to hold a certain percentage of liquid assets in their schemes, including government securities and treasury bills. This is aimed at improving liquidity in all schemes and would help schemes to meet sudden redemption…
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