Inaugurating the facility, spread over about 1,100 acres, Narendra Modi said it cost him Re 1 to have the plant in the state.
The new plant at Sanand will be inaugurated by Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata, who seven years ago dreamt of making an affordable family car for the common man. Spread over an area of about 1,100 acres, the new facility has been created at the cost of approximately Rs 2,000 crore (Rs 20 billion).
Ginger Hotels are the Tata Group's chain of budget hotels.
Tata group Chairman Ratan Tata did live up to his promise of delivering a Rs 1 lakh car. But, that promise is now costing Tata Motors dear.
Tata Motors, which owns Jaguar and Land Rover, is in talks with the UK government on assistance for the luxury units as sales have plummeted.
Tata group Chairman Ratan Tata did live up to his promise of delivering a Rs 1 lakh car. But, that promise is now costing Tata Motors dear.
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
Tata Group chairman Ratan Tata has been awarded the 2010 CIF Chanchlani Global Indian Award. It will be presented to him at Canada-India Foundation Annual Gala scheduled for May 15 in Vancouver, says Barj Dhahan, gala chair and co-chair of CIF.
Tata Sons Chairman Ratan Tata will inaugurate a two-day national summit on Corporate Social Responsibility in Chennai beginning from June 14.
Tata Group Chairman Ratan Tata has been conferred an honorary degree of Doctor of Science by the prestigious engineering institute IIT Kharagpur. The award was given in recognition of Tata's outstanding leadership in globalising India and transforming the Tata group as a formidable corporate entity, a press release issued in Mumbai on Tuesday said. Tata has been the Chairman of Tata Sons since 1991. During his tenure, the group's revenues have grown over $ 50 billion.
When Indian Hotels Chairman Ratan Tata told shareholders at the annual general meeting earlier this week that the hotel chain, which operates the Taj group, continues to be impacted by the slowdown, he was merely echoing what P R S Oberoi, his counterpart at the East India Hotels (EIH), had said recently.
The Tatas are planning to introduce its small car Nano in Latin America in partnership with Italian auto maker Fiat.
The biggest winner of the Tata drive to drill down innovation to every person on every shop-floor is the Tata conglomerate. While the most visible symbol of this has been the Nano, insiders say Tata has already started asking his senior executives, 'What is the next Nano?' The innovation drive is seeking to answer that question.
Indian conglomerate Tata Group Chairman Ratan Tata has said that Tata Motors will have an electric car in the market by September this year.
"The chief minister has written to Tata requesting him to restart work at the Nano plant at Singur," Industry Minister Nirupam Sen told reporters in Kolkata. In his letter, Bhattacharjee promised to extend all help and cooperation to the Tatas. On speculation that the Tatas might shift their project from the state, Sen said the company had not yet taken the decision.
West Bengal Chief Minister Buddhadeb Bhattacharjee on Wednesday said he had called Tata Motors Chairman Ratan Tata and urged him to resume work at Singur.
Tata, who turned 72 last month, will stay in office till 2012.
Tata group chairman Ratan Tata on Tuesday virtually ruled out any investment in Singur and said the company would gladly return the land if compensated.
To lure the automaker, West Bengal seized small farms to give Tata nearly 1,000 acres -- and so far it has rejected compromise proposals.
Indian Hotels Co plans to reopen the 106-year old Taj's heritage or Palace wing in phases till April 2010.
The Nano car loan is available for a maximum tenure of 7 years at an interest rate that ranges between 11.75 per cent and 12 per cent p.a.
Tata had in the past blamed corporate rivals, without naming them, for putting a spanner in the Nano project leading to land acquisition problems in West Bengal. As a result, the project had to be shifted out of Bengal to Sanand in Gujarat. And this came at a cost. The project originally estimated at Rs 1,500 crore (Rs 15 billion) now costs over Rs 2,000 crore (Rs 20 billion).
Tata Motors on Monday commercially launched its people's car, Nano, promising to stick to the Rs 100,000 price tag for the base model.
History will be created in Mumbai on Monday evening when Tata Motors launches the world's least expensive car, Nano -- a car that can redefine personal transportation in modern India.
Indian business titan Ratan Tata, already named among the world's most influential business people from India, has now made to a list of 30 most powerful in the British construction space with a ranking higher than even the UK's Minister for Housing.
Last year it was the transfer of Nano project and this year it is the scrapping of the IT park. Bengal's pre-Puja economic scene turned gloomy once again this time with the West Bengal government deciding to give up the ambitious information technology township plan at Rajarhat in Greater Kolkata.
Tata Sons chairman Ratan Tata has been given honorary fellowship of the London School of Economics and Political Science for his contribution to the global industry.
Tata Sons chairman Ratan Tata said on Tuesday that Tata Motors was ready to return Singur land if West Bengal government compensated the company for the investments it had made, adding that the company had no plans for Singur at the moment.
For years, critics termed Tata's vehicle business as a millstone around the neck. But Group chairman Ratan Tata on Wednesday flattened their theory by taking the automobile venture to a new plane with the acquisition of British luxury brands Jaguar and Land Rover.
Tata Group chairman Ratan Tata on Thursday decried the government for not learning from the past and failing to put in place a crisis infrastructure that could be activated immediately after terror attacks in the city.
TATA Group Chairman Ratan Tata and India-born steel tycoon Lakshmi Mittal will be among seven international business leaders to attend the three-day International Investment Council to be hosted by President Thabo Mbeki this weekend in South Africa.
State commerce and industry minister, Nirupam Sen, and secretary, Sabysachi Sen are in Mumbai and have held a series of meetings with industrialists in Mumbai, including Tata group chairman, Ratan Tata, Mukesh Ambani of Reliance and Ashok Hinduja of the Hinduja group.
In an open letter to the people of West Bengal, Ratan Tata said the citizens should decide whether they wanted education and jobs in the industrial and hi-tech sectors or 'want to stay as they are.' The letter said, 'The people of West Bengal, particularly the younger citizens, will need to express their views and aspirations as to what they would like to see West Bengal become in the years ahead.'
Tata group Chairman Ratan Tata has written a letter to Chief Minister Y S Rajasekhara Reddy indicating that Tata Advance Systems was keen to invest in the hub in the proposed Special Economic Zone in Adibhatla village, on the outskirts of the state capital.
Though most people expected Tata Motors to select either Andhra Pradesh or Karnataka for its Nano project, it was clear that Gujarat Chief Minister Narendra Modi had done the impossible and coming from nowhere bagged the prestigious project.
Is India's infrastructure fit to absorb a sudden surge in cars?
India's Ratan Tata aims to transform his once-stodgy conglomerate into a global powerhouse. But can it thrive after he steps down?
An important political milestone during the year was the return of the Left Front to power with an over two-thirds majority.
Despite what the Nano can do to the country's automobile market, its ability to transform Tata Motors' financials will be limited, says Shyamal Majumdar.
Among other things, Ratan Tata also said, 'All I can say at the moment is that the project is highly profitable. After all, I am not doing it for philanthropy.'
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