A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt. Following that, on October 11 a Letter of Intenet (LoI) was issued to the Tata Group confirming the government's willingness to sell its 100 per cent stake in the airline.
The Delhi High Court has permitted IRS officer Sameer Wankhede to move a court in Mumbai with his defamation lawsuit against Shah Rukh Khan's Red Chillies Entertainment over the web series "The Ba***ds of Bollywood."
In an internal communication to the employees, he also said that when Tata Sons took over Air India, ensuring the safety of its passengers was its first and foremost priority and "there was no compromising on it."
Tatas's total debt could cross Rs 100,000 crore by the end of this month, according to Kotak Securities, a domestic brokerage. The group's debt has more than doubled in the current financial year. Last year, it was around Rs 30,000 crore. It now stands at Rs 70,000 crore. This is a result of the group's aggressive capital expenditure plans and past acquisitions, says the report.
Find out why Tata Sons pledged 11 million shares in Tata Motors, 10 million in Tata Steel and and 15 million in Tata Consultancy Services with Centralbank Financial Services Ltd.
Noel Tata -- the half-brother of late Rata Tata -- who takes over as chairman of Tata Trusts, has been with the Tata Group for over four decades, slowly rising through the ranks in the salt-to-software conglomerate. Having functioned mostly under the shadows of his illustrious half-brother, Noel (67) will now have the responsibility of leading the Tata Trusts -- broadly comprising Sir Ratan Tata Trust & Allied Trusts, and Sir Dorabji Tata Trust & Allied Trusts -- that hold a controlling 66 per cent stake in Tata Sons, the holding and promoter firm of Tata Group companies.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
Provisioning for bad investments, finance costs shoot up in FY14.
At TCS, Chandrasekaran would be succeeded by Rajesh Gopinathan, currently the company's chief financial officer.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
The Delhi High Court has ordered a journalist not to host an award event using the name "Ratan Tata National Icon Award" or the trademarks "Tata" and "Tata Trusts". The court found that Ratan Tata's name and the Tata trademarks are protected and that the journalist's use of them was unauthorized. The case was filed by Sir Ratan Tata Trust and Tata Sons Pvt Ltd, who alleged that the journalist's actions caused harm to their reputation and goodwill. The court also ordered the journalist to stop using the logo and pictures related to Ratan Tata and Tata Trusts.
The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore. TPG will invest $1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.
Gandhi shared a video carrying the remarks of an eyewitness, who said timely action could have saved the man, and that of the deceased's father, who lamented that there were several people there with some of them making videos but did not act to save his son.
Tata said that their exposure in the airline was merely a "financial investment", does not represent a major re-entry into the airlines business.
Rs 135.3 crore. How much of it was salary, and how much commission?
Ratan Naval Tata, a prominent industrialist, philanthropist, and former Chairman of Tata Sons, has been admitted to the intensive care unit (ICU) at Breach Candy Hospital in Mumbai, reports Mid-Day newspaper.
'The real story of 2025 is that India officially stopped being a 'market of the future' and started acting as the world's primary economic engine.'
"I mentioned to sir (Ratan Tata) that the son of a fellow army officer was handicapped below the waist and needed a job," he told PTI from Pune where he now lives. "Vijay Bisht, son of my then colleague in M&G area HQ Lt Col B S Bisht, had sustained severe leg injuries after falling from a horse and I came to know he was looking for a job," he added. Tata said the needful would be done. And it was.
The court also asked Key-Systems GmBH, which is an international ICANN accredited registrar for Internet addresses, to cancel registration of domain name www.tatainfotech.in, granted to Arno Palmen.
Kumar will hold responsibility for strategy at the group level.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Will it be Noel Tata, Ratan Tata's half brother?
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
.jpg)
The proposal of Tatas and Singapore Airlines for a new joint venture, entailing foreign investment of $49 million, is likely to come up before the Foreign Investment Promotion Board for approval on October 18.
The labour ministry on Friday appointed Tata Sons, promoter of the major operating companies of the Tata group, a knowledge partner for enhancing employability and entrepreneurship among the youth.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
Following the death of a software engineer whose car plunged into a water-filled pit at a construction site, the Noida Authority has taken action, including terminating an engineer and issuing show-cause notices. An investigation is underway.
Veteran industrialist and Tata Sons Chairman Emeritus Ratan Tata continues to be in Mumbai's Breach Candy Hospital for age-related ailments, said people aware of the situation. Comments from the Tata group could not be immediately obtained on his health condition.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
Shares worth over Rs 2,800 crore in four Tata firms, including TCS and Tata Motors, pledged by Tata Sons have been released.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Vistara's growth and future funding requirement would hinge on how soon the government changes these rules.
Air India reiterated that its priority remains extending assistance to the families.
Noel Tata's children - Leah, Neville, and Maya - have been appointed to the boards of five philanthropic organisations of Tata Trusts, which oversees the $150-billion Tata group. The move is being seen as part of the Trusts' succession plan. Noel Tata's wife Aloo is the daughter of Pallonji Mistry, whose family owns an 18.5 per cent stake in Tata Sons, the holding company of Tata group.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances