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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
Luxury carmaker Mercedes-Benz has submitted its interim report on the fatal accident of industrialist Cyrus Mistry to the Palghar police, which mentions that the brakes of the vehicle were pressed five seconds before it crashed into the road divider, a senior official said on Friday.
Many say Tata Motors has perhaps paid the price for being too ambitious.
The car so far known by the code name 'Kite' will be a hatchback.
The government will transfer about Rs 16,000 crore of unpaid fuel bills and other pending dues that Air India owes to suppliers, to a special purpose vehicle before handing over the loss-making airline to the Tata Group, a senior official said. Air India Assets Holding Ltd (AIAHL), which will hold non-core assets of Air India such as land and building, will also be saddled with 75 per cent of the airline's debt that the Tata Group is not taking over. Besides the debt, the excess liability going to AIAHL comprises unpaid fuel bills to oil companies, airport operators and vendors, said Tuhin Kanta Pandey, Secretary to the Department of Investment and Public Asset Management - the department running the privatisation programme of the government.
French aerospace major Thales Group is eyeing major expansion in India. The group has started planning to set up a maintenance, repair, and overhaul (MRO) organisation in India to support Indian airlines - many of which are its customers for avionics support. "We are looking to set up an MRO, so that they don't have to travel to West Asia or Singapore. "Final decision is yet to be taken, but this is a clear intent showing the growth potential in India that we are looking to set up a sub-centre here," said Yannick Assouad, executive vice-president, avionics at Thales, who was on her maiden visit to the group's India office at Bengaluru since taking charge.
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
Radia, chairperson of Vaishnavi Corporate Communications and Tata, chairman of Tata sons Limited, have been asked by the PAC to appear before it on April 5 at 11 AM and 3 PM respectively to give 'oral evidence' on the subject 'recent developments in the telecom sector including allocation of 2G and 3G spectrum'.
On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw posted the matter for hearing on Friday.
"The group expressed belief that philanthropy and social service are integral to the development of any society. The meeting was focused on sharing ideas on philanthropy and not about any pledges. It discussed social work in areas like education, health, water and agriculture," stated the Azim Premji Foundation, the not-for-profit organisation run by Premji.
Nearly 490 million people of working age are outside the bounds of India's unemployment assessments. A decrease in the unemployment rate could signal economic growth, but could just as well mean that people have given up looking for work. A revealing excerpt from Tata Sons Chairman N Chandrasekaran and Tata Chief Economist Roopa Purushothaman's Bridgital Nation: Solving Technology's People Problem.
The Jain brothers' $300 mn-worth Girnar Software has really humble roots.
Ride-hailing major Ola on Wednesday said it will launch its electric two-wheeler range in New Zealand. This will help support the New Zealand government's goal of bringing on road 64,000 new electric vehicles by the end of 2021, while also helping the public sector become carbon neutral by 2025, Ola said in a statement. According to the industry sources, the company plans to launch the range in New Zealand over the next 6-9 months.
Tata Sons chairman N Chandrasekaran on Thursday said even though a "hybrid" model will be the new normal in future, India's largest software exporter TCS will ask employees to come to work once the pandemic is over as social interactions are a social necessity. "I do want to make the point that people need to meet people. It is a social necessity. "So, there will be a shift towards moving people to work when the pandemic gets over," Chandrasekaran, who also chairs TCS, said at the company's annual general meeting. At present, 97 per cent of the company's staff have been working from their homes because of the pandemic, he said, admitting that a "hybrid" model where people work from homes and also from offices will be the new normal.
'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'
The year 2011 could end up being the mother of all years as far as corporate succession is concerned.
JRD was a philanthropist, a patron of the sciences and the arts, a man of rare sensitivity, a man with a passion for literature, fast cars, skiing, and flying; and above all a great leader.
S Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is set to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor last week on health grounds.Ramadorai will join BSE board on Monday and assume the role of chairman later.
Ticket sales to open from Friday, says group CEO Tony Fernandes
Air Asia is partnering with Tata Sons and little known Arun Bhatia for their India entry.
There are critics who say the Bommai's government was not able to counter the Congress narrative to paint his administration as corrupt, a factor that helped the Congress surge in the May 10 assembly elections.
Among the areas of cooperation would be education, science and technology. The meeting would be co-chaired by Tata Sons chairman, Ratan Tata and David Cote, chairman of fortune 500 Honeywell. Tata heads the 12-member Indian delegation to the CEO Forum while Cote leads the US side.
Mukherjee, a two-time Lok Sabha MP from his father's pocket borough of Jangipur, said he joined the Mamata Banerjee-led party because she has taken a strong stand on this issue.
Etisalat DB Telecom chief executive officer Atul Jham was also questioned by the panel headed by senior BJP leader Murli Manohar Joshi.
In the past two years, according to Chaukar, TIL and Tata Sons have together invested Rs 125 crore in support of new technological research conducted by various individuals across the globe in the fields of solar energy, drug discovery, contract research, water recycling and biotechnology.
In October, the chairman of Tata Sons, Ratan Tata, gifted $50 million to his alma mater, the Harvard Business School, to give back to the school - in his words - a little bit of what it had given him.
The top hashtag in India was #COVID19, as the country grappled with the deadly second wave of the pandemic.
India's leading businessmen attended the grand banquet organised to honour US President Barack Obama at the Rashtrapati Bhavan.
For Buddhadeb Bhattacharjee, the transition from a 'people's man' to corporate India's preferred chief minister was rapid, albeit with a cataclysmic effect.
A workshop to guide women to build a second career after a break.
This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.
The Indian Institute of Science topped the HRD ministry's 2017 national rankings. In 2016, the IISc was ranked among the world's top 15 universities in the Times Higher Education University Rankings. In his book The Creation of Wealth: The Tatas from the 19th to the 21st Century, R M Lala recounted how Jamsetji Tata's grand vision and immense personal contribution laid the edifice of arguably India's finest educational institution.
An important political milestone during the year was the return of the Left Front to power with an over two-thirds majority.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
Demand for steel and its prices have declined of late due to the global economic downturn. Globally, steel prices have almost halved from the peak of $1,200 per tonne earlier this year.
Construction major Shapoorji Pallonji & Co will set up a real estate fund in the next one year. The fund will focus on investments in the domestic market, according to Shapoor Mistry, chairman of Eureka Forbes, a part of the Shapoorji Pallonji group.
Alan Rosling, executive director, Tata Sons Limited, said on Monday in New York that it will be a sad day for the Tatas if the project to manufacture Nano, the company's Rs 1-lakh small car that has generated worldwide interest, cannot succeed in Singur, West Bengal.
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