Ratan Tata on Friday welcomed the government accepting Tata Sons' bid of Rs 18,000 crore for the takeover of Air India, saying the airline provides a very strong market opportunity to the group even through it will take considerable effort to rebuild the debt-laden carrier. "Welcome Back, Air India," he said. "The Tata Group winning the bid for Air India is great news," he said in a statement.
He seems to have struck a chord with young entrepreneurs.
Ola did not disclose financial details of the investment.
Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life, and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation. The reappointment of Srinivasan this week, ahead of his term expiring on October 23, comes amid reports of a vertical split within Tata Trusts - with one faction said to align with Noel Tata, who took over as chairman following Ratan Tata's death, and the other comprising those seen as loyalists of the former doyen.
Ratan Tata invested about $299,000 during the first six months of 2016.
Tata was ranked second only to former president APJ Abdul Kalam in the list of 100 most trusted individuals in India.
Ratan Tata said he continued to feel the need to support young entrepreneurs who were keen to unleash the Indian tiger.
In a rare honour, chairman of Tata group of companies, Ratan Tata was on Wednesday made honorary economic advisor to the booming east Chinese city of Hangzhou.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Mehli Mistry is backed by three other trustees -- Pramit Jhaveri, Darius Khambata and Jehangir HC Jehangir -- against Tata Trusts Chairman Noel Tata and the two vice-chairmen, Venu Srinivasan and Vijay Singh.
"The car should be out some time in 2008. It is in the prototype stage and prototypes are running. Its cost will be somewhere between a motorcycle and a car," Tata said in an interview to The Week magazine.
Bringing an end to the speculation around Mehli Mistry's trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata group, ANI has learned from sources close to Mistry.
Tata said it was a matter of "great shame" that the company allowed Mahindra & Mahindra to get ahead of it to claim the number three spot in passenger vehicle production.
Radia, whose tapped phone conversations with politicians, corporates, bureaucrats, and journalists form a key part of the investigations into the 2G spectrum scam.
Ratan Tata created India's first truly multinational business group. As he prepares to step down, the bar's been raised sky-high for his successor.
Tata will step down as chairman of Tata Sons and other group companies in December-end after a stint of over 21 years.
Tata said he expects China to move towards democracy. He said many democracies would also have to find ways of 'enforcing what they want to do if they want to move forward'.
Tata spoke about his 50 years with the group, 21 as its chairman, the highs and lows of his tenure, his equation with Mistry and his post-retirement plans during an expansive interview to PTI in his office at 'Bombay House', the group headquarters.
Ratan Tata, Chairman of the $14.25 billion Tata Group, in an interview to London-based Financial Times hinted that the days of his family being at the helm of one of India's biggest industrial groups
Set up by three former NDTV executives, the company is targeting premium restaurants in Delhi-NCR
Chandrasekhar's letter seeks to convey the impression that the Tata Group kept quiet when it stood to benefit from violations of norms.
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
Veteran industrialist Ratan Tata, who headed Tata group whose iconic hotel in Mumbai was one of the sites of the 26/11 terror attacks, on Thursday penned a heartfelt tribute saying the wanton destruction that took place 12 years ago will never be forgotten.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
'These are the people that have worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labour force that way?' the titan asks.
UK-based news magazine, The Economist, on Monday named Tata Group Chairman Ratan Tata as the winner of the eighth edition of its annual 'Business Process Innovation Award' for the successful development and launch of the world's cheapest car, the Tata Nano.
MUrgency is slated to launch services in Amritsar and Jalandhar in the last week of May and cover the entire state by June end.
The Supreme Court in its order said it was not open for SP group companies to call Ratan Tata a "shadow director" when the board of which Cyrus Mistry was chairman had nominated him as chairman emeritus of the USD 100 billion salt-to-software Tata group.
The body is form to restore health of oceans.
'I've been backing businesses in the e-commerce space because they enable goods and services to reach people who could never have been catered to in this manner before.'
Outgoing chief's presentation to top executives sees fivefold rise in sales in 8 years.
A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.
'What he has done has really been to give his time to go outside India, to reach out to governments, important countries, to meet world leaders. And I am sure when he is meeting them, he is not only presenting a Tata group message, he is presenting an India message. Therefore, he has become a kind of quasi-ambassador for us which is, of course, why the government values and respects him so much as well.' Top corporate lawyer Zia Mody assesses Ratan Tata's legacy.
Revealing one of the best kept secrets of his personal life, the bachelor industrialist Ratan Tata has said that he had fallen in love and had come seriously close to getting married as many as four times.
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.
Mr Mitra, show me where is industrial development in Bengal: Tata
Congress President Sonia Gandhi, noted industrialist Ratan Tata and Nasscom president Kiran Karnik were named among 25 'Stars of Asia' by the US-based magazine BusinessWeek for being in the 'forefront of change.'
