The Supreme Court has said that Cyrus Mistry's removal as executive chairman of Tata group was justified as a "a person who tries to set his own house on fire for not getting what he perceives as legitimately due to him, does not deserve to continue as part of any decision-making body".
A high-level three-member committee is formed to grow awareness about fraudulent job offers.
The rural BPO centre will be established by the Tata Business Support Services -- the BPO wing and a wholly-owned subsidiary of Tata Sons -- in partnership with Tata Steel Rural Development Society -- a corporate NGO managed by the Tata Group for the last 60 years. To start with, it is expected to employ around 200 people. Sources close to the development said the company has already recruited the first batch of the executives for the BPO unit.
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
The country's leading commercial and passenger vehicles manufacturer Tata Motors Limited on Tuesday ruled out the possibility of looking for a new partner in the UK after the tie-up with MG Rover Group snapped.
Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace. Vistara and Air India are the two full-service carriers that are part of the Tata Group, and Singapore Airlines holds a 49 per cent stake in Vistara.
Shapoorji and Pallonji Group to contest Cyrus Mistry's ouster from Tata Sons
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
'Wherever the businesses are not up to the size of the Tata group, Cyrus Mistry initiated actions to move out of those businesses.'
Tata Consultancy Services, the $73 billion IT group, is India's biggest company by market value and four times the size of any other listed Tata entity
Tata Sons chairman Ratan N Tata has expressed the fear that the current political uncertainty will make India stumble
According to sources in the state government, Tata Sons chairman Ratan N Tata is expected to be in town on June 2 and the plant will be inaugurated by Gujarat Chief Minister Narendra Modi.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
Anish's emergence comes as India witnesses an exciting era in chess, with young talents like Erigaisi, R Praggnanandhaa, and D Gukesh shine internationally.
Docomo has now moved the London Court of Arbitration.
Business tycoon Ratan Tata feels that it is better to give 'equal opportunities' to all and create a level playing field instead of extending reservation benefits in the private sector.
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an Azerbaijan oil field.Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan, industry sources said.
Tata Sons Chairman Ratan Tata will inaugurate a two-day national summit on Corporate Social Responsibility in Chennai beginning from June 14.
While the Investor of the Year award went to Tata Sons, the Business Partnership of the Year went to DLF Laing O Rourke, the Innovation of the year was HRS Process Systems and Benoy was the New Market Entrant of the Year.
Tata Sons chairman Ratan Tata on Tuesday expressed hope that the West Bengal government would be able to acquire land for its ambitious Rs 1 lakh car project in the state.
"The car should be out some time in 2008. It is in the prototype stage and prototypes are running. Its cost will be somewhere between a motorcycle and a car," Tata said in an interview to The Week magazine.
Indian business conglomerate Tata Sons has said that it was keen on being a part of Bangladesh's economic development
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
A day after Prudential bought out AIG's Asia arm, AIA, top executives of both AIG and Tata AIG met the Insurance Regulatory & Development Authority to keep the latter abreast of developments.Sources at Tata Sons told Business Standard they had decided to buy out AIG's stake in the life insurance business. And, would consider inducting a partner at a later stage.
'The idea is to align the HR policies and work culture with changing times'.
The award will be presented in Mumbai on September 23 during Frost & Sullivan's annual Growth, Innovation and Leadership Executive Congress, the global consulting firm said in a statement.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Besides the major metros, the proposed airline would also connect Srinagar, Patna, Chandigarh and Jammu.
Ratan Tata has invested an undisclosed amount in startup research platform Tracxn.
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
TRIL is planning to raise a Rs 4,770 crore international infrastructure fund by the end of the year to invest in infrastructure projects like building special economic zones, roads, ports and other core sector projects in the next three years. Tata Realty has already raised a Rs 3,500 crore offshore fund for investing in its real estate projects, 20 per cent of which is deployed. The other 80 per cent will be used in the next three years.
Tata Housing Development Company, a unit of Tata Sons, expects to earn Rs 700 crore (Rs 7 billion) in revenue from low-cost housing in the next four years, a top company official has said.
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
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