Five school students got together to create a car out of scraps for just Rs 11,000. They spent two years sifting through scrapyards to find appropriate material for the car.
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
At the annual general meeting (AGM) of Larsen & Toubro (L&T) on Wednesday, shareholders made the usual request to the top management for bonus shares. But this time, the setting was different. The man at the helm, outgoing group chairman AM Naik, 82, was heard assuring shareholders that he would join the chorus soon. There were laughs and chuckles at Naik's playful remark as he addressed the last AGM, nearly six decades after he joined L&T as a junior engineer and some 25 years at the top.
Though Ratan Tata claimed to be 'happy with the progress of work at the proposed car unit in Singur', things were far from peaceful in and around Singur.
The list has been compiled by the Shanghai-based The Hurun Research Institute, the second year it has done this ranking, of an 'India philanthropy list'.
The top hashtag in India was #COVID19, as the country grappled with the deadly second wave of the pandemic.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Vistara starts flying in India.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
Tata Motors on Monday announced that the Tata Nano Standard version (BS2) will be priced at Rs 1 lakh (Rs 100,000) ex Factory Pantnagar (excluding transportation charges and VAT) thereby delivering on the promise made at the unveiling of the car at the Auto Expo in New Delhi last year on January 10th 2008.
Last year, the top 10 investors in the country had put their money in 209 deals, according to the data compiled by VCCEdge based on deals disclosed. This year they put money in only 60 deals.
Auto major Tata Motors Ltd on Monday launched its B-segment car Indica and sedan Indigo in South Africa and is expecting to sell around 10-12 per cent of the total marketshare in the country in a couple of years.
Their reputation was measured on a 0-100 point scale based on four attributes - the degree to which a person is liked, respected, admired, and trusted.
Ride-hailing major Ola on Wednesday said it will launch its electric two-wheeler range in New Zealand. This will help support the New Zealand government's goal of bringing on road 64,000 new electric vehicles by the end of 2021, while also helping the public sector become carbon neutral by 2025, Ola said in a statement. According to the industry sources, the company plans to launch the range in New Zealand over the next 6-9 months.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
The controversial 5/20 rule required an airline to have five years of domestic operations and 20 aircraft in its fleet to be able to fly abroad.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
The list of corporations publishing biographies has lengthened steadily as companies have realised the effectiveness of story telling as a brand building tool. Kanika Datta investigates the rising trend.
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
At the heart of the current controversy is the government's FDI rule
The multi-brand strategy could drive profitability to a 25% profit margin in the next five years from 17% now.
Alibaba in talks to invest up to $700 million in Snapdeal
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
The actor launched the Paani Foundation, which has participation from businessmen like Mukesh Ambani, Ratan Tata, Kumar Mangalam Birla.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
That's because India does not have a serious venture capital industry with an appetite for risk, observes T N Ninan.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
The West Bengal CM's media equation wasn't always this bad. In the run-up to the assembly elections of 2011, she was a clear favourite.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
Anil Ambani, vice chairman and managing director of Reliance Industries Ltd, has been adjudged the most admired chief executive in India, while his elder brother Mukesh Ambani occupied the fifth slot.
Top leaders from India Inc may be busy throughout the year, but they too have a very strong social life beyond work.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
The country's fourth budget carrier has also announced the addition of Kochi to its existing network from July 20.
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
From mass layoffs to acquisitions, here's how the Indian start-up industry kept us on our toes.
RupeePower aims to become the No 1 originator of financial products.
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