The airline has been defaulting on salaries for some time, making partial payments in some cases or not paying at all, as it continues to lose money mainly in domestic routes where it can't raise fares facing competition from low-cost airlines.
The auditor of government accounts, CAG, has faulted the Income Tax department for levying Rs 708.6 crore less in taxes from companies including State Bank of India, Tata Sons, Mahindra & Mahindra and Bharti.
Tata Realty and Infrastructure Ltd, a 100 per cent subsidiary of Tata Sons Ltd, will invest Rs 3,500 crore (Rs 35 billion) in setting up an information technology Special Economic Zone at Taramani, Chennai. The project will have both commercial and residential projects.
Ahead of the board meeting that afternoon, in fact only minutes before that, then chairman Cyrus Mistry was given an opportunity to step down, it is learnt. But, Mistry declined
Ratan Tata will play only an advisory role and will not be part of the selection panel.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
"We want to live in an environment where we love our fellow men. We don't shoot them, we don't kill them. We don't hold them hostages but give a bit of ourselves and we give and take," Tata added.
S Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is set to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor last week on health grounds.Ramadorai will join BSE board on Monday and assume the role of chairman later.
'Younger people have a very strong sense of what is wrong, and what is right, along with the opportunity to call out this kind of behaviour through mechanisms like social media.'
According to sources in the state government, Tata Sons chairman Ratan N Tata is expected to be in town on June 2 and the plant will be inaugurated by Gujarat Chief Minister Narendra Modi.
However, any progress on the deal depends upon Goyal giving up control of the company.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
'Since the government will not hold any significant stake in the airline this time, such restrictions are not required anymore.'
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
Pallonji Mistry, an Indian origin business magnate, has topped Ireland's rich list with a worth of 3.9 billion pounds.
Among the areas of cooperation would be education, science and technology. The meeting would be co-chaired by Tata Sons chairman, Ratan Tata and David Cote, chairman of fortune 500 Honeywell. Tata heads the 12-member Indian delegation to the CEO Forum while Cote leads the US side.
Tata Jagriti Yatra 2008 will be an inspirational train journey undertaken by around 400 young and enterprising participants, between 18-25 years, from India and overseas, Tata Sons' Executive Director, R Gopalakrishnan, said on Wednesday.
Infringements related to brand names and trademarks are a never-ending story. In the latest dispute over a brand name, the Tata Group has objected to the word 'Tata' used in oktatabyebye.com, a travel community site owned by MakeMyTrip.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
State Bank of India partnered GE Capital in 1998 for its credit card business.
The gift from the Tata Trusts will allow Cornell to establish and expand partnerships with Indian scientists that build on its strength in applied agriculture research. The endowment will also be used to set up a scholarship fund to bring more Indian students, who may be discouraged by Cornell's price tag, to the university. The gift could eventually help support as many as 25 Indian undergraduate and graduate students at a time.
India 's Tata group is moving to launch a full-service bank should restrictions preventing industrial groups from owning substantial stakes in banks be relaxed.
The company is offering three types of flats. A one-room flat with a small kitchen in an area of 283 square feet, a one-room flat with a large kitchen in an area of 360 square feet and a one-bed room flat with a hall and kitchen in an area of 465 square feet.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
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.
Tata Sons, the holding firm of the Tata group, and a few group companies have pledged part of their stakes in Tata Steel, Tata Power and Tata Teleservices (Maharashtra) to raise money for acquisitions and capital expenditure, according to disclosures made on Monday.On January 21, the Securities and Exchange Board of India made disclosure of pledged shares mandatory after it came to light that former Satyam Chairman B Ramalinga Raju had pledged almost his entire holding.
According to sources, Vistara was looking at commencing operations on Oct 15 to commemorate J R D Tata's flight from Karachi to Mumbai on the same date in 1932.
"Nano is like an open canvas for us. We have the option of positioning it on the lines of the (Volkswagen) Beetle or the (BMW) Mini."
Tata Power Company, the largest private sector power player in the country, plans to divest part of its stake in group companies Tata Teleservices and Tata Teleservices (Maharashtra) to raise about Rs 2,000 crore for funding its ongoing projects, said informed sources.
At the heart of the current controversy is the government's FDI rule
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
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.
Ratan N Tata, chairman, Tata Sons, and chairman, Indian Hotels Co Ltd said that the terrible wanton attacks on Wednesday night on innocent people and the destruction of prominent landmarks in India deserve to be universally condemned.
Following the horrific terror attacks in Mumbai that have left more than 100 people dead and 300 injured, Ratan Tata, chairman Tata Sons and of Indian Hotels Co Ltd -- which owns the Taj group of hotels -- has condemned the killing of innocent people.
In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively
Tata has 6.13 million followers on Twitter and has tweeted only 119 times since he joined the microblogging platform in April 2011
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
Tata Housing, a unit of Tata Sons, is advancing its plans to build 15,000 low-cost dwelling units by two years. Besides, it should add 300 more houses in its Mumbai project to take the advantage of demand for such homes, a top company official said.Tata Housing had earlier planned to develop 1,000 houses under the brand 'Shubh Griha' in Bhoisar, a distant suburb of Mumbai, priced at Rs 3.9-6.7 lakh.
In the past two years, according to Chaukar, TIL and Tata Sons have together invested Rs 125 crore in support of new technological research conducted by various individuals across the globe in the fields of solar energy, drug discovery, contract research, water recycling and biotechnology.
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