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The SP Group has had a rocky relationship with the Tatas, with the latter even moving the Supreme Court to prevent it from pledging shares of Tata Sons to raise funds.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.