The government on Monday issued a letter of intent (LoI) confirming the sale of its 100 per cent stake in loss-making Air India to Tata Group for Rs 18,000 crore, a senior official said. Last week, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate, to pay Rs 2,700 crore in cash and takeover Rs 15,300 crore of the airline's debt. Subsequent to that, an LoI has now been issued to Tata confirming the government's willingness to sell its 100 per cent stake in the airline.
"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.
There are several examples of one name standing in for many brands.
The Tata group flagship has sold more sport utility vehicles (SUVs) in the domestic PV market in the past four months than any other automotive manufacturer, cementing its no.1 spot. It first grabbed pole position in the SUV segment in October 2021 after the launch of the Punch - a sub-compact SUV offering.
'...to think apna time aa gaya after the 2024 election.'
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
Tejas Networks, a telecom and network firm, on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly Rs 1,890 crore in a multi-step deal. The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a statement. As part of the agreement, the company will make a preferential allotment of 1.94 crore equity shares at a price per equity share of Rs 258 per share aggregating to Rs 500 crore to Panatone.
Companies are looking for an engaging hook, and sound is universally seen as a big emotional connector, finds Nikhat Hetavkar.
Tata Motors on Wednesday said it has extended warranty and free service period by one month for those commercial vehicle customers whose tenures are due between April 1 and June 30 amid the second wave of COVID-19 pandemic. Bajaj Auto, too, extended the free service period of all its brands in the country till July 31. In view of the restrictions announced by several state governments across the country to curtail the spread of the COVID-19 virus, Tata Motors has extended warranty and free service period for all its commercial vehicles that were scheduled to expire in the period of April 1 to June 30, 2021.
The offer is applicable from September 25 to October 31 and qualifies new post-paid customers across all Tata Docomo brand stores to win iPhone 5S, Samsung and HCL tablets, data packages, powerbanks, discount coupons from Jabong, among others.
Starting the process of incorporating a new company for its proposed aviation venture with Singapore Airlines, Tata group has sought to register this entity as 'Tata SIA Airlines Limited'.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
China, India and Brazil showed significant support for additional spending on green products.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Tata Motors, however, will not be able to meet this small demand and keep the Nano alive from October next year, when safety regulations for existing car models kick in.
Tata Motors' UK-based subsidiary, Jaguar Land Rover or JLR, reported a muted operational performance in the December quarter of financial year 2021-22 (Q3FY22). The luxury carmaker saw a 33 per cent year-on-year (YoY) decline in wholesale volumes to just under 70,000 units in Q3, against estimates that were 16 per cent higher. The drop in despatches to dealers was on account of shortage in semiconductors.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
Magnus Carlsen, the undisputed world number one for over a decade, believes chess ratings today are somewhat "deflated" compared to the past but remains unfazed by the possibility of someone surpassing him.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
Vodafone has been recognised as the most admired mobile service brand online in India followed by Tata Indicom and Aircel, a survey said.
This comes at a time when most homegrown companies have been venturing abroad, making acquisitions and organically growing their businesses.
Nexon is the first sub-4 metre sports utility vehicle from Tata Motors' stable and is expected to give a tough competition to the likes of Maruti's Vitara Brezza and Ford's EcoSport.
VW was to invest Rs 1,000 cr, now sceptical about cost advantage
Zudio was the standout performer as it tapped into the pentup demand in small-town India, at a pace never seen before, notes Indrajit Gupta, co-founder and director, Founding Fuel.
Glaxo wants to obtain trademark rights for 'Volmax', the brand name of its respiratory medicine.
Virtually addressing employees of Air India across the globe, he said for the airline to be the best again there will be an organisational redesign, and it will "require a huge transformation, probably the largest transformation and the change all of you would ever go through". The carrier will expand its "outreach both domestically and internationally" and it has the desire to connect India with every part of the globe, he added.
Air India's flying crew, ground and security staff will soon sport new uniforms designed by fashion designer Manish Malhotra as the Tata Group-owned airline embraces a new global brand identity. As Air India pursues a revival and modernisation plan, the new uniforms are expected to be introduced for the frontline staff by the end of this year and are likely to coincide with the induction of the airline's first wide-body A350 aircraft into its fleet. Malhotra -- whose career spans more than 30 years as a couturier, costume stylist, and entrepreneur -- and his team have started meeting Air India's frontline staff, conducting discussions and fitting sessions with them to better understand their specialised needs, the airline said in a release on Thursday.
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
It also retained its position among the 'Big 4' most valuable IT services brand worldwide -- in the ranking carried out by Brand Finance, the world leading brand valuation firm.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
In 2010, TCS's brand value was $2.3 billion.
The country top automaker, Tata Motors, launched its marquee car brands Jaguar and Land Rover in India on Sunday. It had acquired these brands from US car maker Ford. The company promises that the two brands would give the Indian public an opportunity to experience the 'pleasure of driving superior technology.'
The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production. On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month. Toyota Kirloskar Motor said its dispatches in March were the highest in the last five years while Mahindra & Mahindra also reported a robust increase in its passenger vehicle dispatches in March.
'SUV is a very intensely fought category, unlike hatchbacks and cars.'
'We want to be number three by 2018 and every month we are moving closer to that ambition.'
After he took the reins of the group in 1991 amid stiff resistance from within, his task was to stop the breaking down of systems established by his predecessor J R D Tata.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
