'Our problem is not a budget deficit but a trust deficit. We need to trust our institutions and industries to innovate and lead. That is the way forward for India.'
Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. "The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demise of Padma Bhushan Dr Jamshed J Irani," Tata Steel said in a statement. He passed away on October 31, 2022 at 10 PM at TMH (Tata Hospital) in Jamshedpur, it said.
Credited with turning around Tata Steel in the 1990s, J J Irani has stepped down on turning 75, from the company Board, bringing to an end his 43 years of association with the world's seventh largest steel making company.
The Rashtriya Swayamsevak Sangh paid tributes to late Samajwadi Party leader Mulayam Singh Yadav, socialist leader Sharad Yadav, senior advocate Shanti Bhushan and Prime Minister Narendra Modi's mother Hiraben Modi at its annual general body meeting in Samalkha on Sunday.
The tiny Nano car made by India's Tata Motors has been described by company director Jamshed J. Irani as having huge potential. Even as analysts claim that the Nano could rock the international auto industry and put millions of new Indian drivers on the road, Irani told The Washington Post in an interview that while Tata is producing only about 100 units a day at present, it hopes to ramp up to about 1,000 vehicles a day next year.
Demand for steel and its prices have declined of late due to the global economic downturn. Globally, steel prices have almost halved from the peak of $1,200 per tonne earlier this year.
Former Indian ambassador to the US Naresh Chandra, noted litterateur Raja Rao (posthumous) and scientist S E Chandy George and civil servant V Krishnamurthy were also selected for Padma Vibhushan.
President A P J Abdul Kalam gave away the awards to 58 eminent personalities from different walks of life at a glittering ceremony held at the Ashoka Hall of Rashtrapati Bhavan.
In what could lead to a confrontation between the government and market regulator SEBI, the J J Irani Committee working on the new Companies Act on Tuesday recommended that independent directors should constitute at least a third of the board of list
A large group of high-profile personalities from corporate India on Saturday left for Lahore on a chartered aircraft of the Indian Airlines to watch the third one-day international match between India and Pakistan on Sunday.
An interview with Tata Steel Managing Director B Muthuraman
The government on Saturday said it would present a bill on the revised Companies Act in Parliament before June 2005.
The Tata Consultancy Services' initial public offering is expected to be in the region of Rs 5,000 crore-Rs 6,000 crore (Rs 50 billion-Rs 60 billion) and will hit the markets after the Union Budget.
The Anglo-Dutch merger was meant to revive the ailing British Steel which had incurred a net loss of 81 million in the year ended March 31, 1999
On Mody's death, Tata on Friday said, "Russi Mody was an institution at Tata Steel. Under his leadership, the company grew significantly and he instituted many human resource initiatives.
The $12.1 billion Corus acquisition-the biggest global acquisition made by an Indian company-ended up as a millstone around Tata Steel's neck, points out Indrajit Gupta.
Russi Mody could cut across hierarchy to communicate what he wanted.
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
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