Which were India's first companies that still exist today? Many trace their origins to over a century back. These venerable organisations are business entities. But they chronicle the beginnings of Corporate India.
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
The Supreme Court has dismissed a petition filed by New India Assurance to evict Nusli Wadia, chairman of the Rs 1,000-crore Bombay Dyeing Group, from his Malabar Hills flat in Mumbai, rented to him since 1972.
Ness gets Bombay Burmah, Bombay Dyeing goes to Jeh.
In this interview -- his first in over three years -- Wadia also talks about the road ahead for his group.
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
In a new twist to Preity Zinta-Ness Wadia episode, the Wadia group has filed a police complaint claiming they received threatening calls and a text message from an underworld don warning that their "business will be in trouble" if the actress was harassed.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
Early on March 26, 2024, the Francis Scott Key Bridge in Baltimore, Maryland, in the United States collapsed after it was struck by a container ship, the Dali.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
The growing mismatch between Go First's losses and other group companies' profits was making it tough for the group to fund the losses of the airline venture.
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Wadia group-owned no-frills airline GoAir on Monday announced that its managing director Jeh Wadia has stepped down from the position. The airline, however, said that Wadia will continue as a promoter. It also announced the appointment of aviation industry veteran Ben Baldanza as vice chairman at the carrier. Baldanza has been an advisor to the company since 2018 and director since 2019.
Many argue that the airline could achieve its full potential if Nusli Wadia were to run it the way he does Britannia.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
Dina Wadia, Jinnah's only daughter and Nusli Wadia's late mother, moved the high court in 2007 to regain control of the estate.
The Mumbai police have provided security at the office of industrialist Nusli Wadia following threat calls from fugitive underworld don Ravi Pujari, police said on Thursday.
He is nominated to the investment, innovation and audit committees.
The fiercest corporate battles in India probably have been fought by the Ambanis. Dhirubhai Ambani, the founder of Reliance Industries, first locked horns with Bombay Dyeing's Nusli Wadia over polyester. Then, there was a corporate battle with Larsen & Toubro.
Traders' body CAIT on Wednesday wrote to Reliance Industries chief Mukesh Ambani and 50 other captains of India Inc, including Ratan Tata, Azim Premji, Gautam Adani, Ajay Piramal, Anand Mahindra and Sunil Bharti Mittal seeking their support in its campaign to boycott Chinese goods. The Confederation of All India Traders (CAIT) also urged Kumar Mangalam Birla, Vikram Kirloskar, Rahul Bajaj, Shiv Nadar, Pallonji Mistry, Uday Kotak, Nusli Wadia, Shashi Ruia, Madhukar Parekh, Harsh Mariwala, Satish Reddy and Pankaj Patel, among other prominent industrialists, to join its 'Bhartiya Samaan-Humaara Abhimaan' campaign.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
Most group firm MDs will report to Nusli Wadia's younger son.
In a breather to the Mumbai-based realty developer G L Raheja group in its long-drawn legal battle with Wadia Group Chairman Nusli Wadia over a 478-acre prime plot in Malad, Mumbai, the Bombay High Court on Thursday allowed an appeal filed by a Raheja unit against an earlier order, which was in favour of Wadia.
Bombay Burmah sees quick divestments, eyes buyouts.
Has liberalisation squeezed the personality out of India Inc's leaders?
Expelled Bharatiya Janata Party leader Jaswant Singh on Monday came under fresh attack by the right-wing, when an article in the Rashtriya Swayamsevak Sangh mouthpiece accused him of conniving with Pakistan founder Mohammad Ali Jinnah's grandson Nusli Wadia, to help the latter get possession of a prime property in Mumbai.
Besides launching 50 products with a refreshed logo, Britannia to issue bonus debentures of Rs 720 crore
The airports have been on alert since the first week of this month following a threat report about a possible hijack by some Kashmiri militant outfits.
Wadia had filed a writ petition in the Bombay high court seeking a declaration that the possession of the property, Jinnah House, by the Indian government was illegal and prayed for restoration of the same to the petitioner.
Business tycoon Nusli Wadia has dragged G L Raheja and kin, Sandeep G Raheja and Sonali G Raheja, and Ferrani Hotels belonging to the GL Raheja Group to the Bombay high court. The dispute is about violating the agreement between Wadia and the Rahejas on developing nearly 478 acres in Malad in the western suburb of Mumbai.
It will take legal action against French food giant Group Danone, for nauthorised use of the Tiger biscuit brand in other countries.
India produced 97 million tonnes of dairy products in the year to March 2006 and Danone seeks an increased market share, especially in the speciality product portfolio.
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