The Air India Group has started vacating its offices, which are currently being operated from government-owned properties, from this month, as part of its strategy to consolidate workspaces across the country. The loss-making Air India and its international budget arm Air India Express were taken over by the Tata Group on January 27 this year, after successfully winning the bid for the airline on October 8, last year. Besides these two airlines, Tata Group also holds a majority 51 per cent stake in Vistara, its joint venture airline with Singapore Airlines (SIA), and a 83.67 per cent stake in budget carrier, AirAsia India.
This is not the first time Reliance has eyed a stake in the club.
Marking a generational change, Tata, who turns 75 tomorrow, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally appointed Chairman earlier this month.
The Tata Group, one of India's largest business houses, has made summer internship offers to 19 students of five leading US business schools this year
Ten former captains of India's Olympic hockey teams were felicitated with a citation and a purse of Rs 100,000 each.
Adani Power will also be dropped from the S&P BSE 100 index
It doesn't lack in practicality, affordability and drivability and even comes with interiors that are appealing
Tribals on Friday took out separate rallies in Orissa's Kalinganagar area, both in support of the Tata Steel project and against it, to mark the third anniversary of killing of 14 tribals in police firing.
The spat between the partners of telecom giant Idea turned murkier, with Birlas debunking the claims of Tatas that as a group they are not promoters and dubbing their termination notice as "illegal and malafide".
The UK government has promised to put in place measures worth hundreds of millions of pounds to support any rescue deal for the Indian group's UK business.
In the midst of an ongoing search process to find Ratan Tata's successor to head the country's biggest corporate house, top leaders from the group have heaped lavish praise on his leadership style.
In a significant development that ends the prolonged speculation about the succession in India's leading corporate house Tatas virtually extended the term of group Chairman Ratan Tata till 2012.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
Salt-to-software conglomerate Tatas have become the country's first business house to attain $100 billion revenue, even as the group's profit slipped to near $five billion in the last fiscal year.
When 'humiliated' Tata did 'favour' to Ford with JLR buyout!
The job of Tata Sons chairman might be the most prestigious in India Inc, but it comes loaded with challenges.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
There were many people who wanted to seek favours from her by offering lakhs and crores of rupees even through her family members when she was Odisha's transport minister. She never allowed any kind of corrupt practices to touch her department officials, family members or the supporters who have stood by her.
Brotin Banerjee, managing director and CEO of Tata Housing, shares the company's plans and strategy with Raghavendra Kamath.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Tata and Singapore's Briley Group are planning a business jet JV based on the fractional ownership model.
Is the Hexa more than a repackaged Aria? Clearly, yes! The Hexa has been arrived at after thoroughly revamping it from nose to tail, inside and out
Prime Minister Narendra Modi inaugurated the new Parliament building Sunday morning and installed the scared 'Sengol' in the Lok Sabha chamber, right next to the Speaker's chair, after performing a puja.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
In spite of the Orient snub, Tatas are still negotiating with them for the hotel takeover as well as scouting other US cities for luxury hotels.
Tata Motors will undertake shutdown from March 27 to April 6 to carry out maintenance of equipments, particularly, in the paint shop," Debasis Ray, Head of Corporate Communications, said.
Singapore Airline along with its Indian JV partner have got clearance from the aviation ministry.
Unprecedented rains and floods in the northern region in the past few days have not only caused extensive damage to lives and property but have also impacted business and commercial establishments. Vegetable prices have gone through the roof in the national capital and many other parts of the country since rains started pouring earlier this month. Traders say vegetable prices would come down only after roads open and skies clear, even as water in the fields will take time to recede.
Ratan Tata, who is credited with the phenomenal growth of the Tata group in the past decade, has been named as Forbes' 'Asian Businessman of the Year'.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
'He wanted to learn all the time.'
The Competition Commission of India, the country's fair trade watchdog, which turned functional less than a year ago, busy these days.
Godrej Properties Ltd has acquired legendary film actor, director and producer Raj Kapoor's bungalow at Chembur in Mumbai for around Rs 100 crore to develop a luxury housing project with a sales potential of Rs 500 crore. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor, the company said in a regulatory filing. When contacted, Godrej Properties executive chairman Pirojsha Godrej told PTI: "The total size of the land is around 1 acre.
Bombay House, the headquarters of the Tata group in Mumbai, has become India's first heritage building to get "gold" rating by Indian Green Building Council.
The Zica will likely reach showrooms by January 2016 and will be available for sale across the country.
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