Rohini Mohan

Signage displayed on screens during the listing ceremony for Tata Capital Ltd. at the National Stock Exchange (NSE) in Mumbai, India, on Monday, Oct. 13, 2025. Tata Capital, a unit of Indias oldest conglomerate the Tata Group, advanced in its Mumbai trading debut after the shadow lender wrapped up its 155-billion-rupee ($1.7 billion) initial public offering, Indias biggest this year. Photographer: Dhiraj Singh/Bloomberg

Boardroom battle at India’s Tata Group prompts Modi government to get involved

Unprecedented move seems to have calmed the internal rift, but analysts suspect the truce is temporary