Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year.
At the heart of the problem is Fiat's failure to bring in more models to India -- a fact the Tata Group chairman didn't forget to mention.
While the jury is still out on how Tata has done in his global ventures, the fact is they have been bold, but not necessarily beautiful.
Tata Sons chairman Ratan Tata on Tuesday said that further investments in West Bengal would be made when there is a "feeling to satisfy that there is no hostility against us".
After turning around the fortunes of the iconic Land Rover, Tata Motors on Tuesday said that it plans to start assembling the high-end SUV in India from next year.
Tata Sons Chairman Ratan Tata on Friday said the government must stop the 'banana republic kind of attacks', as the real 2G scam was becoming hidden behind a smokescreen.
Call it a coincidence - as Ratan Tata was preparing to hand over the baton of Tata Sons to Cyrus Mistry, Sebi banned Dilip Pendse, former MD of the erstwhile Tata Finance from the capital market for a period of two years.
Other corporate leaders, including Biocon chief Kiran Mazumdar Shaw, UB Group Chairman Vijay Mallya and Mahindra Group vice-chairman Anand Mahindra, have also expressed concerns over the current state of economy in the country.
Countering industrialist Ratan Tata's statement, the Bharatiya Janata Party on Thursday said he is "no judge" and his views will not be given much importance as he himself was a "beneficiary" of United Progressive Alliance's telecom policy.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
Tata Motors is unlikely to scale down its plans and go back to Singur for a smaller plant.
The TCS board approved a special compensation of Rs 5 crore (Rs 50 million) over and above the Rs 3-crore (Rs 30-million) commission due to him for the last financial year.
Listing Toyota, Intel, Sony, LG and Samsung among his admired companies, Tata Group supreme Ratan Tata has regretted that India is not world class in manufacturing and has lost the "chance to be the factory of the world."
The company's domestic market share is down to low single digits from nearly 15 per cent a decade ago and its bread-and-butter commercial vehicle business faces a slowdown as well as intense competition.
Tata Motors, which owns Jaguar and Land Rover, is in talks with the UK government on assistance for the luxury units as sales have plummeted.
Appears before PAC, admits voice in Radia tapes his, but denies influence over Cabinet formation.
Tata, who turned 72 last month, will stay in office till 2012.
The world's cheapest car, the Tata Nano, is being "refreshed" to realise its full potential, says Ratan Tata.
United States President Barack Obama, who heads the world's richest economy, on Sunday checked out the world's cheapest car -- Nano. When the powerful US couple was introduced to Ratan Tata, who heads the $72 billion conglomerate, President Obama told First Lady Michelle that this is the person who created the $2,500 wonder car. Eyewitnesses said that Michelle immediately expressed the desire to see the car that revolutionised the auto industry.
Corporate houses like Tata Sons and Wipro have not only seen growth in India but have created a name in global markets too.
Government auditor CAG on Friday pulled up the Income Tax Department (ITD) for allowing irregular tax exemption to two Tata trusts involving tax implication of over Rs 1,000 crore (Rs 10 billion).
The award, announced by Canada India Foundation on Tuesday, carries $225,000 and citation.
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.
The Tata Group is looking for investments in Bangladesh's steel, power and fertiliser sectors worth $2billion, a media report said in Dhaka on Saturday.
Ratan Tata appears to be unusually prone to the misfortune of being "misquoted" or "quoted out of context", from being pressured to bribe a minister to British managers and Mukesh Ambani's display of opulence.
They had to finalise Ratan Tata's successor by the year end and they had already cast their net wide.
Ratan Tata's Tata Steel has been ranked 90th, while mortgage lender HDFC cornered the 92nd position in the world's 100 most sustainable companies list, Forbes said attributing this to the Toronto-based Corporate Knights.
After a marathon meet (lasting over two and half hours) with Bhattacharya and state Commerce and Industry Minister Nirupam Sen, Tata and the chief minister fielded questions from the media.
Tata group chairman Ratan Tata has blamed the Bharatiya Janata Party for many telecom flip flops that took place during its regime.
The Tata Group on Wednesday announced that it would set up a cancer hospital in Kolkata and make further investment in West Bengal.
Ratan Tata, chairman of the Tata Group, feels that after the successful launch of his dream project -- the Rs 1-lakh car -- will ideally be the nice time for him to retire from active business life, a media report said in London.
Tata group chairman Ratan Tata on Tuesday came out in support of the West Bengal government for offering shares of Haldia Petrochemicals Limited to state-owned Indian Oil Corporation -- a decision contested by HPL's principal promoter, the Chatterjee
The company commenced production in January, 1999. While it achieved the 100,000th car in March 2001, and the 500,000th car in February, 2005, the progression from the 900,000th car to the millionth car was achieved in just 7 months.
"If need be we will move and relocated the Nano project elsewhere. Relocation will cost both the Tatas and the West Bengal government, but I will not bring my employees here if they will be beaten up," the Tata Group chairman said.
The Chairman Emeritus of the Tata Group said that the recent steps by the government have restored investors' confidence in the country, but more needs to be done.
The terror attacks in Mumbai revealed deficiencies in law enforcement, especially in the areas of crisis response and management, Ratan Tata, owner of the Taj hotel, which bore the brunt of the carnage, has said.
