Tata's small car Nano may not be able to enter Europe due to stringent safety and emission norms, leading German luxury carmaker Audi said joining the list of auto players, who are sceptical about the prospects of the world's cheapest car.
The outgoing Chairman of the Tata group Ratan Tata is "rattled" by India's current image emerging from scams and retrospective taxation, and wants the government to give an "irreversible commitment" that law of the land has sanctity.
A battle between incumbent GSM and CDMA operators has broken out, with Marten Pieters, the managing director of Vodafone Essar, the country's second-largest telecom operator, lashing out at comments made by a competing operator, saying it was ridiculous to imply that incumbent GSM players like them were hoarding scarce spectrum.
Former Tata Sons chairman Cyrus Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra's Palghar district neighbouring Mumbai, a police official said.
The new plant at Sanand will be inaugurated by Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata, who seven years ago dreamt of making an affordable family car for the common man. Spread over an area of about 1,100 acres, the new facility has been created at the cost of approximately Rs 2,000 crore (Rs 20 billion).
A proposal by the joint venture between Tata Motors and Fiat to set up a facility to manufacture the world's most famous small diesel engine -- the 1.3 multijet -- had been rejected by Japan's largest maker of minicars, Suzuki Motor Corporation.
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
For the group's top firms, return on net worth is now 27 per cent, compared with 17 a decade ago.
History will be created in Mumbai on Monday evening when Tata Motors launches the world's least expensive car, Nano -- a car that can redefine personal transportation in modern India.
Prof Vijay Govindarajan is confident that an affordable, environmentally friendly home can be built for just $300 creating a $375-billion opportunity for corporations the world over.
Though most people expected Tata Motors to select either Andhra Pradesh or Karnataka for its Nano project, it was clear that Gujarat Chief Minister Narendra Modi had done the impossible and coming from nowhere bagged the prestigious project.
Ratan Tata demitted office as chairman of the Tata group in a blaze of congratulatory comment that, in a sense, says much about the strengths and weaknesses of Indian business in a globalised world.
In the largest gift from an international donor in Harvard Business School's 102-year-old history, Ratan Tata, chairman of the Tata Group, announced a $50 million gift to fund a new academic and residential building on the HBS campus in Boston.
The Supreme Court on Thursday asked the Centre to respond within 10 days to the petition filed by Tata Group Chairman Ratan Tata, seeking a direction to the government to probe the leakage of audio tapes containing his private conversation with corporate lobbyist Niira Radia and stop their further publication. The apex court issued notices to Home Secretary G K Pillai, the Central Bureau of Investigation, the Income Tax Department and the finance ministry.
Home Minister P Chidambaram has asked the Central Bureau of Investigation and Central Board of Direct Taxes to probe the leakage of the conversations between corporate lobbyist Niira Radia, leading business tycoons and media persons.The tapes, first leaked by a national magazine, have now found their way to several media organisations and journalists.On Monday, the apex court directed the government to probe the leakage of the tape.
Tata, who stepped down as head of the Tata group on December 28 after 21 years at its helm, was replying to a query about the biggest challenge for his successor.
The government on Thursday filed a report in the Supreme Court saying it has been unable to find the source which leaked the tapes containing conversation between corporate lobbyist Niira Radia and others including Tata Group Chairman Ratan Tata.
Amid cheer and spirited applause from the hotel staff, Tata group chairman Ratan Tata on Thursday announced that the heritage wing of Taj Mahal Palace and Towers, which bore the brunt of 26/11 terror attack, would reopen on the Independence Day.
Tata Consultancy Services, India's largest IT company, sold 50 per cent stake in Intelenet Global Services Ltd to Housing Development Finance Corporation Ltd for Rs 161 crore (Rs 1.61 billion).
Here is a list those great men and women who, in the past 20 years, have shaped the course of India Inc.
The Taj Mahal Hotel, which completed 100 years of existence on Tuesday, will continue as the symbol of India's hospitality and warmth, Tata Group Chairman Ratan Tata said in Mumbai.
With a net worth of $12.6 billion, Mistry is well known for constructing some of Mumbai's landmarks such as the Reserve Bank of India headquarters, The Taj Mahal Palace and Towers, and the Oberoi Hotels
The company has already unveiled the European version -- Nano Europa -- at the Geneva Motor Show earlier this month -- which is likely to be fitted with a more powerful engine than the Indian version complying with Euro-V emission norms.
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.
TCS, which requires more people to handle its growing business, witnessed an 8.7 per cent annual attrition rate at the end of the second quarter.
Indian Hotels hardly has any other option as even domestic competitors such as ITC, the Oberoi group, The Lalit Group etc are fast catching up.
Close on the heels of acquiring Tyco Global Network, Tata group chairman Ratan Tata on Wednesday launched a $100 million undersea optical fibre cable linking Singapore to India.
Known to be the world's least expensive car, Nano is expected to redefine personal transportation in modern India. Customers can expect to own a car coming at a price between Rs 1.20 lakh (Rs 120,000) and Rs 1.30 lakh (Rs 130,000), depending on the version.
The Nano car loan is available for a maximum tenure of 7 years at an interest rate that ranges between 11.75 per cent and 12 per cent p.a.
With a large gathering of corporate leaders in attendance at the function in Mumbai even as the master blaster played his last test match at the nearby Wankhede Stadium, the Finance Minister said, "Ratan (Tata) is as big a draw as Sachin."
PepsiCo chairman and chief executive officer Indra Nooyi, who has been speculated to be among the possible candidates to succeed Ratan Tata as chairman of the Tata Group, has ruled herself out of the race, saying she "loves" her present job.
Last year it was the transfer of Nano project and this year it is the scrapping of the IT park. Bengal's pre-Puja economic scene turned gloomy once again this time with the West Bengal government deciding to give up the ambitious information technology township plan at Rajarhat in Greater Kolkata.
a scarce resource. By some estimates, spectrum worth Rs 7,690 crore (Rs 76.90 billion) has been given away for ''free'' for mobile licences.
Experts say the impact is limited to investors and potential employees and may ease out in the next few months
It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.
The award, announced by Canada India Foundation on Tuesday, carries $225,000 and citation.
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