According to the fire officials, the blaze broke out at around 9.30 am in the basement that houses a small office, a canteen, an auditorium, a changing room and power substation. The employees, identified as Farad Wadia, Eashwar Patel and Shashank Pawar were unable to find their way out due to the dense smoke and went to nearest window in the hope of finding air.
Three persons were killed on Wednesday and another injured after a major fire broke out at the Bombay House building, housing the Tata Group offices in South Mumbai.
The Tata Nano, the world's cheapest car, could be cruising on Pakistani roads if the governments of India and Pakistan remove bottlenecks standing in the way of joint ventures and investments between the two countries.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The Group has been pioneer in innovation; Ratan Tata has been credited for launching world's cheapest car Nano in 2009
The inauguration new parliament building will take place in two phases.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
A digital configurator comprising a three-dimensional graphics-based app will allow customers to choose specifications and align the output generated by the tool to company's back-end manufacturing.
Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal.
Shift to new business model to help companies cut capital cost, increase margins.
The Adani Group led in adding net fixed assets, which are up more than 90 per cent since September 2019 or before COVID-19.
rediffGURU Ulhas Joshi answers your mutual fund queries.
Ratan Tata, an iconic corporate leader, retired as chairman of Tata Group after a 50-year run on Friday but kept away from office on his last day at the helm of one of country's oldest business empires. Tata, who turned 75 today, is in Pune for his birthday.
A good number of seniors today are independent, financially stable.
Tata Group chairman Ratan Tata on Thursday decried the government for not learning from the past and failing to put in place a crisis infrastructure that could be activated immediately after terror attacks in the city.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Set up by three former NDTV executives, the company is targeting premium restaurants in Delhi-NCR
It is not clear at this stage whether Tata will take up the government's offer of taking a 25 per cent stake in the business.
In 2006-07, TCS had employed 7,000 people in the eastern states.
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The RBI has accepted the application withdrawal request, according to the statement.
Fundraising activity in the debt market is gaining momentum ahead of the festival season. Several non-banking financial companies (NBFCs) and the National Bank for Agriculture and Rural Development (Nabard) are planning to raise at least Rs 5,560 crore in the next two days by issuing bonds, with a greenshoe size of Rs 6,370 crore. Ajay Malglunia, managing director and head of investment grade group at JM Financial, said, "The market likes certainty, the market will gain clarity after the US Federal Reserve's (Fed's) policy.
Among the businesses that need consolidation are retail and defence
Fixes spotlight on in-house talent for retaining and grooming purposes.
'Just because of my background and poor academic qualifications, most people disbelieve what I have done.'
'A cutback in hiring and compensation growth by IT companies will have a significant impact on consumer demand, especially in the urban sector of the economy.'
These trusts are being registered under a new framework.
Within days of exiting from West Bengal, Tatas have decided to relocate their Rs 1 lakh-Nano car project in Gujarat, after scouting many sites including that Karnataka and Andhra Pradesh.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
The recent equity market weakness has sobered up investor mood, but the coming festive season is keeping analysts upbeat on stocks related to the consumption basket. Among the lot, fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months, and investors should thus selectively take bets in these pockets, analysts suggest. "We expect good volume growth for the FMCG sector during the festive season with some improvement in rural demand.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
'Cyrus was always very different. He would think before acting.'
It is keen on electric cars as battery costs go down
Coinciding with the beginning of a search for chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 371,000 crore (Rs 3,710 billion) -- higher than that of the business houses led by the two Ambani siblings.
Pitting itself directly against Maruti Swift Diesel, Tata Motors plans to launch a 1.3 litre diesel variant of its small car Indica with a common rail direct injection (CRDi) engine developed in-house in the next few months.
Billionaire Mukesh Ambani's Reliance Industries Ltd is the most valuable private company in the country, as per Hurun India's 2022 Burgundy Private Hurun India 500 list. The list, which was released on Tuesday, stated that with a value of Rs 16.4 lakh crore, Reliance is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore. Reliance is also the highest taxpayer with a payout of Rs 16,297 crore and the most profitable company with a bottomline of Rs 67,845 crore in 2022-23.
Tata Trusts have tied up with Google, Intel.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
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