The watch has been designed by multiple Tata Group companies
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
Tata Group chief N Chandrasekaran on Thursday reached out to employees of Air India asking them to work together to build the airline that the country needs, while asserting that the "golden age" of the carrier lies ahead. In a welcome letter to the employees of Air India, after the Tata Group took over the management and control of the airline, Chandrasekaran, chairman of Tata Sons, reflected on the airline's "brilliant past" but said the entire nation is now waiting to see what "we will achieve together". "From the day of the announcement (of Tatas winning the bid), one word has been on everyone's lips: Homecoming.
In 2010, Ratan Tata had spoken of how he had to abandon plans to launch an airline because he refused to pay bribes to secure the necessary approvals.
Tata Group companies Tata Sons and Tata Tea, under an agreement with the US firm, will jointly purchase the 30 per cent stake owned by TSG consumer partners, the company said.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
Recently, TPEM's first born electric concept, Avinya broke cover. The model promises a minimum range of 500 kilometres and advanced technology features, aimed at buyers in India and outside. TPEM, the newly formed entity may also consider a separate dedicated sales channel for the EVs with a distinctive corporate identity once the volumes reach a critical mass and throughput is large enough for the dealers to be profitable, said Chandra. Elaborating further on the hiring strategy he said, "We will hire from everywhere-wherever the talent of the required competency is available."
Sunil Bhaskaran, AirAsia India's chief executive officer (CEO) and managing director (MD), is the front-runner to head the low-cost carrier that will take birth after the merger of Air India Express and AirAsia India, sources said. In a show of confidence, the airline's board extended Bhaskaran's tenure by three years -- until March 2025 -- in a meeting held earlier this year, according to the documents reviewed by Business Standard. Moreover, AirAsia India's board of directors has increased Bhaskaran's salary twice in 2022 -- first in January by 5 per cent and then in June by 7 per cent, the documents showed.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Singur was a "great disappointment" but the Tata Group might still go to West Bengal, hints outgoing chairman of the group Ratan Tata.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
Tata Group chairman Ratan Tata was in Kolkata on May 18, 2006, the day Buddhadeb Bhattacharjee started his second innings as chief minister of West Bengal, to announce the Nano small car project.
One of India's most powerful and dynamic business tycoons, Ratan Tata turns 70 today.
The Tata trusts can nominate one-third of the directors of Tata Sons
'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
Oil and Natural Gas Corp has surpassed the Tatas in market capitalisation, with its market value of Rs 104,114.5 crore (Rs 1,041.14 billion) being more than that of all the 26 listed firms of the Tata Group.
The award will be presented in Mumbai on September 23 during Frost & Sullivan's annual Growth, Innovation and Leadership Executive Congress, the global consulting firm said in a statement.
Indian business conglomerate Tata Group is mulling a listing at London bourses for a new entity, a British media report has said. But the group's headquarters in India on Monday dismissed any such move.
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Lenders of bankrupt airline Jet Airways, led by the State Bank of India (SBI), on Thursday told the Supreme Court that successful bidder Jalan Kalrock Consortium (JKC) was "unwilling" to pay the dues and that the "liquidation" was the only option left. The bench led by Chief Justice of India (CJI) DY Chandrachud was hearing the SBI-led consortium plea against the NCLAT's March order upholding ownership transfer of the bankrupt airline to JKC.
Singapore Airlines on Tuesday said Vistara will be merged with Tata group-owned Air India. Tata group owns a 51 per cent stake in Vistara, and the remaining 49 per cent shareholding is with Singapore Airlines (SIA). As part of the transaction, SIA will also invest Rs 2,058.5 crore in Air India.
The Tata Group on Wednesday announced that it would set up a cancer hospital in Kolkata and make further investment in West Bengal.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.
The Air India Express Employees Union, which is affiliated with the Bharatiya Mazdoor Sangh, has written a letter to the chief labour commissioner (central) in this regard.
"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.
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The RBI has accepted the application withdrawal request, according to the statement.
"The Tata Group has had a long and fruitful association with Vaishnavi Corporate Communications and its chairperson Ms Niira Radia, which has added substantial value to the group's communications and public perception," a spokesperson of the group's holding company Tata Sons said in a statement.
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 $100 billion Tata group conglomerate is a major beneficiary of the decision to open up aviation in India.
