"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
'Not many know that Ratan Tata became chairman of Tata Sons because of Cyrus's father Pallonji Mistry. But he (Cyrus) never used it or leveraged it to his benefit.'
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
India's first escalator, its shortest elevator, a terror attack, a rescue operation -- the building's seen a lot.
'Cyrus was always very different. He would think before acting.'
'I've always wanted to be a pilot; setting records is the icing on the cake.'
'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.'
Willingness to bet on your team is perhaps the simplest way to win the lifelong loyalty of your people, and let the world know that you possess one of the rarest of all leadership qualities -- the ability to inspire unshakeable loyalty, a precious asset in today's dog-eat-dog world.
Mr Tata said a letter had arrived in his office from a young woman who had applied for the graduate engineering programme of TELCO Pune and been turned down. 'I wouldn't interfere with your selection process, Maira,' he said. 'However, I am calling you because this lady says that her rejection letter says that though she is very well qualified for the programme, TELCO Pune cannot select her because she is a woman.' 'Why are you discriminating against women?' he asked. A must read excerpt from Arun Maira's The Learning Factory: How The Leaders Of Tata Became Nation Builders.
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.
JRD even suspected that the airline was deliberately bad-mouthed so that it could be acquired after its value came down
No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.
Nothing is more effectoive than a quiz session to unclog your mind.
It is not the first time the history of the Godrej family is being written. In its centenary year in 1997, film journalist and former editor of Filmfare and Screen B K Karanjia had, at the behest of the industrial family, penned a voluminous two-part history, tracing their trials and tribulations since 1897. So, what made the family want to tell its story again 25 years later? And not through another book, but through a completely different medium?
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
After more than two decades and three attempts, the government has finally sold its flagship national carrier Air India, and it is deja vu for Maharaja as it returned home to its founding father the Tata group. Jehangir Ratanji Dadabhoy (JRD) Tata founded the airline in 1932 and named it Tata Airlines. In 1946, the aviation division of Tata Sons was listed as Air India, and in 1948, the Air India International was launched with flights to Europe. The international service was among the first public-private partnerships in India, with the government holding 49 per cent, the Tatas keeping 25 per cent and the public owning the rest. In 1953, Air India was nationalised and for the next over four decades it remained the prized possession for India controlling the majority of the domestic airspace.
Tata Sons has emerged as the top bidder for the takeover of debt-laden State-run airline Air India but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah, sources said.
Here is a round-up of results from the ISL and I-League matches played on Monday
Analysing his own performance, JRD Tata insisted that his only real contribution to the group's smorgasbord of companies was Air-India
The victory gave Uzbekistan a berth in the final of the JRD Tata football tournament.
The India TFA Blue team is upbeat ahead of its opening match against Bangladesh.
Author Dev Prasad in his book Pitch It! Inspirational Stories From the Cricket Dressing Room to the Corporate Boardroom underlines similarities between the gentleman's game and corporate boardroom.
Vimal Pariyar's goal minutes before the long whistle gave them a 2-1 victory int he JRD Tata tournament.
Lekini Suiting's late goal gave the home side a 2-1 victory in the opening match of the under-19 JRD Tata Cup.
'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.'
Rocket Boys offer an overwhelming experience to me and many others who saw Homi Bhabha in action at Trombay, observes Dr K S Parthasarathy, former Secretary, Atomic Energy Regulatory Board.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
After Rs 800 million makeover, Bombay House reopened on July 29, 2018. The earlier dull interior with low technology has given way to a lot more colour and vibrancy.
The Reserve Bank of India is slated to announce its monetary policy review on January 29, amid industry demand for lowering of interest rates to spur growth.
Mumbai may see the most expensive real estate deal mid this year.
Cyrus Mistry, who takes over captaincy of the Tata group this Friday, doesn't have to worry about the wicket. With a team comprising some of India's best corporate leaders - all carefully handpicked by his predecessor - Mistry can surely hit the ground running.
Like JRD Tata, Mistry also loves Cantonese-style Chinese takeaway from Colaba's cult restaurant Ling's Pavilion.
Reigning champions Salgaocar and Churchill Brothers booked semi-final berths by registering facile wins over their respective opponents in the 34th Federation Cup on Monday.
Defending champions Salgaocar SC had to sweat it out for a solitary goal win over Prayag United, Kolkata, while Pune FC defeated United Sikkim by an identical margin in Group D league encounters of the 34th Federation Cup football tournament in Jamshedpur on Thursday.
Tata had led the salt-to-software conglomerate for 21 years after being chosen successor by his uncle, the iconic JRD Tata, in 1991.
I-league champions Dempo earned three points against Shillong Lajong, defeating them by a solitary first-half goal, while Pailan Arrows held Mumbai FC 2-2 in Group A encounter of the 34th Federation Cup football tournament in Jamshedpur on Friday.
London Olympics medal prospect L Bombalya Devi of Railway Sport Promotion Board (RSPB) created three new national records while archer Tarundeep Rai set a new record in the ongoing 32nd Sahara Senior National Archery Championship at JRD Tata Sports complex in Jamshedpur on Thursday.
Bengaluru FC had to settle for their third draw in as many matches in Hero Indian Super League after being held goalleds by Jamshedpur FC at the JRD Tata Sports Complex in Jamshedpur on Sunday.
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