Once pioneers in civil aviation, the Tata group is unlikely to get into the sector because of "destructive competition", its outgoing Chairman Ratan Tata said.
Ratan Tata steps down as chairman of the Tata Group on his 65th birthday on Saturday, implementing his self-initiated retirement policy.
Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata continues to be in Mumbai's Breach Candy Hospital for age-related ailments, said people aware of the situation. Comments from the Tata group could not be immediately obtained on his health condition.
He is honoured for his achievements in promoting innovations, exemplary leadership and corporate social responsibility.
After the successful launch of 'no frills' hotel, the Tatas have said their people's car would hit the road in three years despite scepticism among the arch rivals of Tata Motors on the feasibility of the Rs 1-lakh (Rs 100,000) car. \n\n\n\n
Saudi Arabian mining firm Ma'aden, in a joint venture with Alcoa, is undertaking a $10.8 billion project to set up what has been dubbed as the the world's largest vertically integrated aluminium complex.
Upstox, an investment platform, has generated a 10-fold return to Tata group's former chairman Ratan Tata on a buyback of 5 per cent of his stake in the company, according to a company press release. The returns were on the partial sale of Tata's 1.3 per cent stake in the company.
'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Tata Trusts announced that the trustees of the Bai Hirabai Trust will initiate proceedings to alter restrictive clauses in its trust deed, specifically those prohibiting non-Zoroastrians from serving as trustees. This decision follows a challenge by former trustee Mehli Mistry regarding the appointments of Venu Srinivasan and Vijay Singh, who allegedly did not meet the original Parsi Zoroastrian faith and residency criteria.
Tata Sons on Saturday denied that group Chairman Ratan Tata has used words such as "venal" business environment or accused the government of"inaction" in media interviews.
Ratan Tata will play only an advisory role and will not be part of the selection panel.
'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.'
As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.
"I mentioned to sir (Ratan Tata) that the son of a fellow army officer was handicapped below the waist and needed a job," he told PTI from Pune where he now lives. "Vijay Bisht, son of my then colleague in M&G area HQ Lt Col B S Bisht, had sustained severe leg injuries after falling from a horse and I came to know he was looking for a job," he added. Tata said the needful would be done. And it was.
With this, Tata has now become the oldest Indian to fly the American-made aircraft. Tata, who holds a pilot's licence, had said the thought of the F-16 flight "excites me very much."
Tata Group Chief Ratan Tata met Communication and IT Minister Dayanidhi Maran on Wednesday and discussed wide ranging issues relating to spectrum policy and investments in the telecom sector.
Ratan Tata, an iconic corporate leader, retired as Chairman of the $100-billion Tata Group on Friday after a 50-year run, on his 75th birthday.
This move is seen as a way to create an enabling structure for the new chairman, where he or she will have the support of an experienced team to share some of the responsibilities in running the conglomerate through Tata Sons.
'Tata Group is excited to work together to make Air India the airline of choice in terms of passenger comfort and service'. This is an audio message from Ratan Tata played onboard some Air India flights. Tata Group completed the takeover of the loss-making Air India on January 27.
Boeing is one of the six competitors bidding for the 126 Medium Multi-Role Combat Aircraft deal touted to be valued at $10 billion from the Indian Air Force.
Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.
Amid speculation over Tata Sons chairman Ratan Tata's successor, the group has said that the selection committee has interviewed several candidates, both internal and external, but no final decision has been taken.
Tata Group chairman Ratan Tata took off to the skies in a Boeing F-18 Super Hornet fighter aircraft as a co-pilot, his second such flight in two days.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
"A reclusive construction tycoon" is how an industry captain, who claims to be his friend, describes Cyrus. In that sense, he has striking similarities to the man he is succeeding and who he admires the most. Even after so many years of staying in the limelight, Tata also remains low-key and shy.
Chandrasekhar's letter seeks to convey the impression that the Tata Group kept quiet when it stood to benefit from violations of norms.
Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.
He may play an indirect role in group beyond Dec next year.
Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
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 Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group, people familiar with the matter said.
Tata Sons cuts retirement age of non-executive directors from 75 years to 70.
Though there was no official word on what transpired at the meeting this afternoon, it is understood that the plans for the launch of the airline came up during the discussions.
One hundred years from now, of course, I expect Tata to be much bigger and more global than it is now.
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 matter related to supply of low floor buses by Tata Motors to Government of Tamil Nadu.
Singur was a "great disappointment" but the Tata Group might still go to West Bengal, hints outgoing chairman of the group Ratan Tata.
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