His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
He rued that people who work hard and honestly are put through enormous difficulties and Indians excel in making an ordinary task into an extraordinary one.
The government on Wednesday asked ministries and departments to clear dues of debt-laden Air India immediately and henceforth purchase tickets only in cash. The government earlier this month decided to sell Air India to Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate Tata group, for Rs 18,000 crore. The Department of Expenditure, under the Finance Ministry, in a 2009 order, had said that in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.
Vistara'a launch, the steel plant at Kalinganagar and e-commerce venture are the ones most awaited for
Tata Consultancy Services (TCS) is set to secure a $2 billion deal from Bharat Sanchar Nigam (BSNL) to roll out its 4G and 5G services across the country. However, the final approvals from the publicly-owned telco may take a couple of months, sources in the know said. As part of the deal, TCS will develop 4G core and Radio Access Network (RAN) technology for BSNL's telecom services.
'The funds were arranged from multiple banks at a very competitive rate and converted into dollars at the best rates.'
'What did we get out of this agitation? Nothing... Now we feel it was all a mistake. We have no work, and our land has turned infertile. We are living in abject poverty'
Darius Pandole, who survived the car accident in which industrialist Cyrus Mistry died, has told the police that his wife Dr Anahita was driving the Mercedes-Benz car in the third lane and could not merge into the second lane that turned narrow near the Surya river bridge in Maharashtra's Palghar, an official said.
For the new millennium generation, slowly and at an accelerating pace, it is attractive to harbour a start-up ambition, says R Gopalakrishnan.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The police in Palghar district of Maharashtra, who are investigating the Mistry car accident case, have found this during their investigation.
The new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
The Delhi Police on Tuesday asked ride hailing firm Uber to verify past records of drivers before onboarding them and suggested that the company put a mechanism in the cab to check their alcohol consumption levels. While speaking at the safety feature launch event of Uber, Delhi Police additional commissioner Mahesh Chandra Bharadwaj said that drunken driving has been a major factor in case of rule violations. "If a driver is drunk then you should have some kind of mechanism to know that your driver is drunk. We test drunk and drive through the alcohol meter.
Tata Steel will shell out $4.1 billion out of the total consideration of $12.15 billion for the acquisition of Anglo-Dutch steelmaker Corus.
The Delhi High Court on Wednesday allowed a plea to implead DGCA as a party to a PIL seeking quashing of approvals being granted by the Centre to operationalise the $30 million deal between Tata Sons and Malaysia-based AirAsia.
Ratan Tata has invested his own money into 3 high-growth online retail firms, which are yet to make a profit.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Despite partial restoration of salaries, pilots across airlines remain dissatisfied, throwing challenges for managers.
Maharashtra Navnirman Sena president Raj Thackeray's son Amit Thackeray on Sunday got married to his fiancee and fashion designer Mitali Borude at a hotel in Mumbai's central area of Lower Parel.
In a LinkedIn post on Wednesday, February 15, night, Nipun Aggarwal had said Air India, in addition to the order of 470 planes, had the option to purchase 370 aircraft from Airbus and Boeing.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
The Tata Consultancy Services' initial public offering is expected to be in the region of Rs 5,000 crore-Rs 6,000 crore (Rs 50 billion-Rs 60 billion) and will hit the markets after the Union Budget.
During the investigation, witnesses were questioned and reports were obtained from the Regional Transport Office and Mercedes Benz India Pune, said a police release.
Tata group-owned AirAsia India's inability to get approval for international flights is hurting UDAN, the Indian government's regional air connectivity project that also aims to link cities in Northeast India and Odisha to places abroad. Sources said the civil aviation ministry is waiting for the low-cost airline to come under the full ownership of Tata Sons and become part of Air India, the former state-owned carrier now owned by the private conglomerate, before allowing it to operate international flights. Tata owns 84 per cent stake in AirAsia India and it is understood that the group will complete the process of buying rest of the stake by July's end.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Chairman Emeritus of the $100-billion Tata Sons, Ratan Tata, on Tuesday called for better co-operation and collaboration among sectors. He urged the government and industries to collaborate in a more proactive manner.
The Defence Acquisition Council on Wednesday approved proposals worth Rs 4,444 crore, including the purchase of four helicopters for survey vessels at Rs 2,324 crore, but deferred a decision on a joint bid of Tata Sons Ltd and Airbus for replacing IAF's Avro transport fleet.
IT major TCS CEO Rajesh Gopinathan has reigned, and the company nominated its global head of the BFSI division K Krithivasan as the CEO Designate with immediate effect, the firm said on Thursday. Gopinathan will continue with the company till September 15, 2023, to provide transition and support to his successor.
While one of them is on the verge of opening, three others are expected to come up in the next three years.
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Tata Consultancy Services Ltd will offer 5.54 crore (55.4 million) equity shares of Re 1 each, including a fresh issue of 2.27 crore (22.7 million) shares, in its initial public offering through a book-building route.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
'I am seven months into the job, but it feels like seven years.'
The last rites of Cyrus Mistry, former chairman of Tata Sons who was killed in a car crash, will be performed in Mumbai on Tuesday, his family said.
Nano's production though continues unhindered despite mounting losses
J R D Tata's flight carrying mail between the two cities was the first by an Indian company and it opened the air link to peninsular India.
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
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