Temasek is exiting by selling its 10 per cent stake while Network Digital Distribution Services will pare part of its 30 per cent stake.
The Tata-Sar direct-to-home joint venture Space TV on Thursday announced the name of its DTH service as T-Sky while name of the JV is also proposed to be changed to Tata Sky Ltd.
The DTH industry had been growing at an explosive rate, with 100 per cent increase in customer base and a steady income from customers.
Tatas may look at selling part of its stake in couple of investments
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
The broadcaster had already signed up with cable operators, including Incable and Siticable and DTH service providers Tata Sky and Dish TV.
Analysts say Tatas could sustain their current pace of growth, provided the group's "cash cows", such as TCS and Tata Motors, continue to deliver.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company's proposed Rs 700 crore (Rs 7 billion) initial public offer (IPO).
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
Internet gateway and service provider Videsh Sanchar Nigam Ltd will use the proceeds from the sale of its 5.42 per cent stake in US satellite firm
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
The man who led this journey is 50-year-old Kalanithi Maran, chairman and managing director of the Sun Group.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
'I will say all this happened because of ignorance coupled with arrogance,' says G Madhavan Nair.
India Inc was, perhaps, watching out for a repeat of the dot-com bubble burst of the early 2000s.
