News for 'Tata Sons'

Tata group companies outshine the market under N Chandrasekaran

Tata group companies outshine the market under N Chandrasekaran

Rediff.com20 Jan 2022

The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group's market cap is up 164.4 per cent since the end of March 2020 against a 105 per cent rally in the Sensex.

Tata Realty to scale up business in India, overseas

Tata Realty to scale up business in India, overseas

Rediff.com27 Nov 2023

Tata Realty and Infrastructure, a subsidiary of Tata Sons, is looking to expand its business with over 50 projects across major cities in India, Sri Lanka, and the Maldives. The combined projects boast a development potential exceeding 51 million sq ft, according to a top executive. The Mumbai-based real estate major has completed the first phase of project developments in Male (the Maldives), and is gearing up for the second phase. It has also expanded its footprint in Sri Lanka and plans to add about 2 million sq ft. in Colombo.

Tatas beat govt as largest promoter of listed companies in India

Tatas beat govt as largest promoter of listed companies in India

Rediff.com8 Jan 2021

Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion

Mukesh Ambani all praise for Tata's Chandra

Mukesh Ambani all praise for Tata's Chandra

Rediff.com22 Nov 2022

Billionaire Mukesh Ambani on Tuesday showered lavish praises on Tata Group chairman N Chandrasekaran, saying he has scripted the salt-to-software conglomerate's spectacular growth in recent years. Sharing the dais with Chandrasekaran at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar, Ambani said Tata Group's gigantic steps in the field of renewable energy under his leadership are inspirational.

Tatas to be India's first homegrown iPhone maker

Tatas to be India's first homegrown iPhone maker

Rediff.com27 Oct 2023

Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.

Equity support to Tata group firms slows

Equity support to Tata group firms slows

Rediff.com26 Oct 2016

There was virtually no incremental equity investment by Tata Sons during Mistry's first two years

The Navratnas on Tata's board

The Navratnas on Tata's board

Rediff.com31 Aug 2016

With Amit Chandra's appointment, the Tata Sons board now has nine directors.

'Air India buy could lead to TCS-like firm from Tatas in aviation'

'Air India buy could lead to TCS-like firm from Tatas in aviation'

Rediff.com9 Oct 2021

Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.

Air India's losses down 60% at Rs 4,444 cr in FY24

Air India's losses down 60% at Rs 4,444 cr in FY24

Rediff.com8 Sep 2024

Tata Group-owned Air India shaved off its losses by 60 per cent to Rs 4,444.10 crore in FY24 over the previous year, according to the Tata Sons annual report for 2023-24. The airline had reported a loss of Rs 11,387.96 crore in FY23, the annual report said.

Not an issue of winning or losing: Ratan Tata on SC verdict

Not an issue of winning or losing: Ratan Tata on SC verdict

Rediff.com26 Mar 2021

Soon after the Supreme Court of India upheld all the appeals filed by the Tata group and set aside the order of the National Company Law Appellate Tribunal reinstating Cyrus Mistry as group chairman, Ratan Tata, chairman emeritus of Tata Sons and chairman of Tata Trusts, took to Twitter to share his views.

Mistry's tirade against Ratan Tata continues unabated

Mistry's tirade against Ratan Tata continues unabated

Rediff.com28 Oct 2016

Refuting Tat's charges about Welspun buy, Mistry said to even suggest that the Tata Sons board including the nominee directors of the Tata Trusts had not been adequately informed is contrary to the factual record

Cyrus Mistry sacked! Ratan Tata is interim chairman

Cyrus Mistry sacked! Ratan Tata is interim chairman

Rediff.com24 Oct 2016

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

Tatas reshuffle pack after Mistry's exit

Tatas reshuffle pack after Mistry's exit

Rediff.com4 Nov 2016

Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.

Reliance spent $13 bn on acquisitions in five years

Reliance spent $13 bn on acquisitions in five years

Rediff.com31 Dec 2024

Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.

Tatas win corporate India's most bitter boardroom battle

Tatas win corporate India's most bitter boardroom battle

Rediff.com26 Mar 2021

In a major victory for the Tata Group, the Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as the executive chairman of the conglomerate.

Tatas strike back: 'Unforgivable attempt to besmirch group'

Tatas strike back: 'Unforgivable attempt to besmirch group'

Rediff.com27 Oct 2016

Refusing to be drawn into a point by point clarification of Mistry's letter, the company said: "It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement."

Tata Motor's Mission 2045: Electric, Flex-fuel And Hydrogen ICE

Tata Motor's Mission 2045: Electric, Flex-fuel And Hydrogen ICE

Rediff.com13 Jan 2023

'Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on,'

Tatas will lead, not follow: Chandrasekaran

Tatas will lead, not follow: Chandrasekaran

Rediff.com21 Feb 2017

Chandrasekaran served TCS for three decades as it rose to become the largest IT company in the country and also the crown jewel for Tata Sons

Tatas win back Air India; welcome back, says Ratan Tata

Tatas win back Air India; welcome back, says Ratan Tata

Rediff.com8 Oct 2021

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.

The philanthropic Tata

The philanthropic Tata

Rediff.com28 Dec 2012

The Tata Trusts disbursed more grants in the last 10 years than they did in the previous 100 years.

Japan's legal claim threatens Tata assets in UK: Report

Japan's legal claim threatens Tata assets in UK: Report

Rediff.com28 Jul 2016

The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order

How the Tatas finally brought Maharaja home

How the Tatas finally brought Maharaja home

Rediff.com7 Feb 2022

The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.

Tatas bring in talent from group companies to revive Air India

Tatas bring in talent from group companies to revive Air India

Rediff.com16 Apr 2022

Due to the group's presence across multiple businesses, it is in a unique position in the aviation industry to bring the best of talents.

Tatas' m-cap doubled under Mistry

Tatas' m-cap doubled under Mistry

Rediff.com24 Oct 2016

Tata Group is the country's most valuable group and has an estimated 4.1 million shareholders across its various listed companies

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Tatas pick SIA's low-cost airline CEO as Air India's new boss

Rediff.com12 May 2022

Tata Sons on Thursday announced the appointment of Campbell Wilson as chief executive officer and managing director of Air India. Wilson is the founding CEO of low-cost airline Scoot.

Grappling with succession after Ratan Tata

Grappling with succession after Ratan Tata

Rediff.com1 Nov 2016

What would happen to the ownership after Ratan Tata? The succession plan for the 263,862 Tata Sons promoter shares owned by seven Tata Trusts and other holdings of Tata brothers? Would a younger family member inherit?

Vistara-Air India merger: How these two distinct brands will blend

Vistara-Air India merger: How these two distinct brands will blend

Rediff.com4 Nov 2024

In about a fortnight, Vistara - known for its premium service - will take off on its final flight before merging into the legacy of Air India. Set for November 12, the merger has sparked discussions on how these two distinct brands will blend.

Tatas may decide on buying Jet Airways on Friday

Tatas may decide on buying Jet Airways on Friday

Rediff.com15 Nov 2018

"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.

The man who will succeed Ratan Tata

The man who will succeed Ratan Tata

Rediff.com23 Nov 2011

Mistry will work with Ratan Tata over the next year and take over from him when he retires.

Air India takeover: Montek bats for the Tatas

Air India takeover: Montek bats for the Tatas

Rediff.com7 Oct 2021

No other corporate house in India is in a better position than Tata group for the takeover of debt-laden airline Air India, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said on Thursday. Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah. "You can't have a better corporate, with a better position than the Tatas, we can hand it (state-run airline Air India) over," he said while replying to a question in a virtual event.

Why the Tatas need a whopping Rs 11,000 crore

Why the Tatas need a whopping Rs 11,000 crore

Rediff.com30 Jan 2015

Tatas may look at selling part of its stake in couple of investments

Trolled for son's name, actor refuses to play Shivaji Maharaj on screen

Trolled for son's name, actor refuses to play Shivaji Maharaj on screen

Rediff.com22 Apr 2024

Trolled over his son's name, 'Jehangir', noted Marathi actor Chinmay Mandlekar has announced he would not play the character of Chhatrapati Shivaji Maharaj as his family is being mentally harassed on social media.

How TCS helped Ratan Tata grow his empire

How TCS helped Ratan Tata grow his empire

Rediff.com24 Dec 2012

Apart from his vision, what helped Ratan Tata pursue his global dreams was the phenomenal success of Tata Consultancy Services, which is 74 per cent owned by Tata Sons.

Tata launches long-awaited super app Neu, joins ecommerce battle

Tata launches long-awaited super app Neu, joins ecommerce battle

Rediff.com7 Apr 2022

The Tata group on Thursday launched its super app, Tata Neu, bringing all its brands in one platform as it seeks to play a major role in the Indian ecommerce space currently dominated by the likes of Amazon and Flipkart.

HC quashes Nusli's defamation suit against Ratan Tata

HC quashes Nusli's defamation suit against Ratan Tata

Rediff.com22 Jul 2019

A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.

Air India places order to buy 100 more Airbus aircraft

Air India places order to buy 100 more Airbus aircraft

Rediff.com9 Dec 2024

Private carrier Air India on Monday announced placing an order to purchase 100 more Airbus aircraft, comprising 10 wide-body A350 and 90 narrow-body A320 family aircraft including A321neo.

Tatas merge aerospace, defence bis under one entity

Tatas merge aerospace, defence bis under one entity

Rediff.com12 Apr 2018

'Tata A&D, when formed, will be better equipped to execute larger and more complex projects and be more globally competitive as part of the global supply chain.'

Tatas face tough time as investments fail to get good returns

Tatas face tough time as investments fail to get good returns

Rediff.com27 Apr 2016

During the 11 years ending FY15, Tata Sons cumulatively earned dividend income of around Rs 31,500 crore from TCS.

Agreed to perform chairman's role for stability: Tata

Agreed to perform chairman's role for stability: Tata

Rediff.com25 Oct 2016

Tata had led the salt-to-software conglomerate for 21 years after being chosen successor by his uncle, the iconic JRD Tata, in 1991.

Govt closely watching l'affaire Tata vs Mistry

Govt "closely watching" l'affaire Tata vs Mistry

Rediff.com28 Oct 2016

The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.