Shapoorji Pallonji Group’s chairman Pallonji Mistry passes away

01 Jul 2022 CW Team

Chairman of diversified Shapoorji Pallonji (SP) Group, Pallonji Mistry, died at his residence on Tuesday in Mumbai.

Mr Mistry, whose SP Group is the largest shareholder in the Tata Group with 18.37% holding in the conglomerate, was 93.

Mr Mistry died mid-sleep at 1.00 a.m. at his residence in South Mumbai. He had obtained Irish citizenship.

Mr Mistry was born in 1929 and headed the privately held, above $5-billion SP Group has its origins in the construction industry, which had diversified into other businesses like shipping, real estate, textiles, and home appliances.

Paying tribute to him, Prime Minister Narendra Modi said that he is saddened by the passing away of the billionaire Mistry.

PM Modi said he made massive contributions to the world of commerce and industry.

Union Cabinet Minister Smriti Irani explained Mr Mistry’s death as the end of an era. One of life’s greatest pleasures was to have seen his genius, his gentleness at work, she added.

Other ministers including Mansukh Mandaviya, Hardeep Singh Puri, Nitin Gadkari, and Chief Minister of Karnataka B.S. Bommai also expressed condolences.

Image Source

Also read: Actis buys 49% stake in Shapoorji Pallonji energy unit

Infrastructure Urban

07 Oct 2025

RITES Bags Rs 362 Million Order From DVC

RITES Limited, a Schedule 'A' enterprise under the Government of India, has announced that it has received a major domestic work order from the Damodar Valley Corporation (DVC). The company disclosed the development in a filing to the BSE and NSE dated 2 October 2025. The total contract value stands at Rs 362 million (excluding GST).Under the agreement, RITES will provide comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes the Annual Maintenance Contract (AMC) for Railway Sidings tracks, Operation and Maintenance (O&M) of Signalling and Telecommunicat..

Greta Minerals Doubles WA Exploration Land, Targets Lithium Supply for India

Greta Minerals Pte, part of Singapore-based Greta Group, has expanded its exploration footprint in Western Australia to 1,550 sq km, up from 700 sq km acquired in 2024.Nitesh Chaudhari, Chairman of Greta Group, said, “We are very happy to expand our landholding, encouraged by initial results from Ultrafine+ soil sampling at Gecko North. The geological corridor appears promising for lithium, gold, and other critical minerals.”The Gecko North Project, 25 km northwest of Coolgardie, is one of seven critical mineral and gold projects under Greta Minerals (Australia) Pty, which now holds 37 gra..

Vedanta Extends Demerger Deadline to March 2026 Amid Pending Approvals

Vedanta, led by Anil Agarwal, has extended the deadline for its corporate demerger to March 31, 2026, as approvals from the National Company Law Tribunal (NCLT) and relevant government authorities are still pending, the company said in a regulatory filing. The deadline had earlier been extended from March 31, 2025, to September 30, 2025.The board stated, “Given that the conditions precedent in the Scheme, including NCLT approval and approvals from certain government authorities, are still in process, the timeline for fulfilment of these conditions has been extended to March 31, 2026.” The ..