Pakistan's Lakson group has set up a joint venture with a British subsidiary of India's largest tea producer -- the first such partnership between companies of the two South Asian nuclear rivals.\n\n\n\n
India, the land that gave the world Darjeeling and Assam tea, risks losing its place at the global tea table, not because of its leaves, but because of its lost opportunities, notes Kanika Datta.
From Tetley Tea to Jaguar Land Rover and Air India, Ratan Tata has ticked off almost every item on his bucket list. However, one that remains unfinished is the electric version of his small car, the Tata Nano. A concept entrusted to Coimbatore-based Jayem Automotives (Jayem Auto) is still on the shelves, despite nearly 400 cars being launched, primarily due to Covid-19 and new crash norms.
Ratan Tata was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity.
Reeling under a constant threat of price-war from unorganised local players, Tata Tea Limited is rapidly expanding its exposure to non-traditional segments of the market like ice-tea and organic tea to sustain its growth in earnings.
Tata Tea Ltd on Thursday said Tetley US Holdings Ltd, its US subsidiary, will acquire FMALI Herb Inc and Good Earth Corporation.
Ratan Naval Tata, a prominent industrialist, philanthropist, and former Chairman of Tata Sons, has been admitted to the intensive care unit (ICU) at Breach Candy Hospital in Mumbai, reports Mid-Day newspaper.
With its sights set on building a strong global brand, Tata Tea Limited on Thursday said that it has decided to change its name to Tata Global Beverages Limited.
The final rites of renowned industrialist and philanthropist Ratan Tata were performed with full state honours at a central Mumbai crematorium on Thursday evening. The Mumbai police paid tribute to Tata with a gun salute.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
'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.'
Bombay House turns evangelist for new Tata products.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
It's puzzling why Indian cos keep their acquired brands out of play.
UK-based investment bank Rothschild is advising Tata Global Beverages.
With Tetley, Essilor and other brands seeking him out, Ganguly is the highest paid endorser among retired cricketers.
Retaining the senior management of acquired companies has been the cornerstone of the company's strategy, be it in case of Daewoo's commercial vehicle business in South Korea, the tea company Tetley or the steel maker Corus.
Indian business spreads its footprint across the globe.
The Tata group firm has enhanced its product portfolio through "targeted acquisitions" as it aspires to be a formidable player in the FMCG category, said Chandrasekaran, who is also the chairman of Tata Sons. Besides, it has stepped up the pace of innovation across markets in line with consumer trends such as health and wellness and convenience, he said in his message to shareholders in the latest annual report of TCPL.
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.
The Starbucks partnership will take couple of years to break-even.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
The branding exercise is estimated cost Rs 100-200 crore to the Tata Group.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
'I'm a rascal, I'm going to play a paramahansa?!'
