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.
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.
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.
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.'
The stranglehold of the founders over the Infosys management has strengthened after the recent changes.
The $2.25-billion Godrej Group is considering leasing its flagship name to group companies for a royalty fee, a model similar to the one adopted by Tata Group, India's largest conglomerate.
'I am seven months into the job, but it feels like seven years.'
In 2013-14, the group spent Rs 2.5 per cent of its revenue or Rs 16,000 crore.
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
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 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.
In a letter to the Business School community on Wednesday, Nohria said he will step down from the position of dean of the Harvard Business School (HBS) on June 30, 2020, after a decade in the role.
These brands create powerful connections by being meaningful to consumers, and differentiating themselves from others.
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.
His presence matters more than the money he brings.
'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'
While understanding the challenges of the group, the Tata Sons chairman has taken quite a few tough decisions in his first year in office.
Tata, whose latest investment was in Ampere, a start-up that produces electric two-wheelers and three-wheelers from Coimbatore.
Cyrus Mistry, who takes over captaincy of the Tata group this Friday, doesn't have to worry about the wicket. With a team comprising some of India's best corporate leaders - all carefully handpicked by his predecessor - Mistry can surely hit the ground running.
AirAsia India began operations in June 2014.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
From politicians to entrepreneurs and change makers, Akash Ambani's wedding had some illustrious guests.
The 100-km stretch of Mumbai-Ahmedabad highway claimed at least 62 lives.
Trinamool sources indicated that invitations had been extended to Tata Sons Chairman Ratan Tata and several senior executives of the Tata group.
The government is keeping its options open.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
Tata group will invest over Rs 45,000 crore on various businesses over next two years and would look to expand its presence in global markets besides in India, the group's new chief Cyrus P Mistry said.
TCS still ace in the pack
The Mercedes-Benz GLC 220d 4MATIC, the SUV former Tata Sons chairman Cyrus Mistry was riding in on Sunday, comes with various safety features to protect passengers but just like other high-end cars, it has no airbags for rear seats.
The slowdown heat has been felt the most in steel, commercial vehicles and hotels
Air India will no longer enjoy a priority in allocation of international traffic rights. This follows its takeover by Tata Sons in January. The Directorate General of Civil Aviation has dropped a clause which gave Air India an advantage over other private airlines in the amended rules issued on April 19.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
