'Wherever the businesses are not up to the size of the Tata group, Cyrus Mistry initiated actions to move out of those businesses.'
Tata Sons chairman Ratan N Tata has expressed the fear that the current political uncertainty will make India stumble
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
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.
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
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.
Veteran industrialist Ratan Tata, who headed Tata group whose iconic hotel in Mumbai was one of the sites of the 26/11 terror attacks, on Thursday penned a heartfelt tribute saying the wanton destruction that took place 12 years ago will never be forgotten.
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.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
Tata Sons Chairman Ratan Tata will inaugurate a two-day national summit on Corporate Social Responsibility in Chennai beginning from June 14.
Docomo has now moved the London Court of Arbitration.
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.
Shapoorji and Pallonji Group to contest Cyrus Mistry's ouster from Tata Sons
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.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
"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 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 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.
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.
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
'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.
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.
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.
Ratan Tata has invested an undisclosed amount in startup research platform Tracxn.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
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.
Reminiscing his student days, Tata Sons Chairman Ratan Tata on Saturday admitted finding his love in the United States while he was studying to be an architect.
'After Om's untimely demise, he would call us every Sunday for the next two years to ask, "How are you doing my dear? How's the young fella?"'
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated $70 billion at list prices. The Tata Group-owned airline had announced that it will buy 470 aircraft, including wide-body planes, in February this year. The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.
