As the Ratan Tata Endowment Foundation and Trust are new entities, the continuous CSR fund flows from Tata Sons will help it undertake new projects.
Union Home Minister Amit Shah will attend the funeral of industrialist Ratan Tata in Mumbai on Thursday, sources said on Thursday.
The Maharashtra government has declared a day of mourning in the state on Thursday to pay tributes to industrialist Ratan Tata, the Chief Minister's Office said.
Upstox, an investment platform, has generated a 10-fold return to Tata group's former chairman Ratan Tata on a buyback of 5 per cent of his stake in the company, according to a company press release. The returns were on the partial sale of Tata's 1.3 per cent stake in the company.
Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
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.
Veteran industrialist and former Tata Group chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company.
Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.
'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'
'When the bombing happened in the Taj Mahal hotel in 2008, that was a very sad moment, but he really took care of the people, took care of everybody and that was when you saw some of his best moments.' 'There are some things which we will never forget. That is when the best of a person comes out.'
Sharing a screenshot of an article that stated his "recent investment had experts in disbelief and major banks concerned" as an example, he wrote, "If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens."
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.
In a major victory for Tatas, an arbitral tribunal has awarded Tata Motors a compensation of over Rs 766 crore for the losses incurred because of protests by Trinamool Congress that stalled its small car project at Singur in West Bengal. The tribunal asked the West Bengal government to pay Tata Motors the compensation, along with interest, according to a stock exchange filing by the Mumbai-based auto major on Monday. The company stated that the arbitral tribunal has asked the West Bengal Industrial Development Corp (WBIDC) to pay the company Rs 766 crore compensation, in connection with losses incurred on its manufacturing site in Singur.
Tata Sons shareholders have approved a resolution to have separate chairpersons for the company and its largest shareholder -- Tata Trusts. An amendment to the articles of association (AoA) of Tata Sons, which sought to prevent a single person heading Tata Sons as well as Tata Trusts simultaneously, was passed at the company's annual general meeting (AGM) held on Tuesday. With the special resolution being passed with requisite majority of 75 per cent at the AGM, it will now be legally binding for Tata Sons and Tata Trusts to have separate chairpersons.
Soon after the Supreme Court of India upheld all the appeals filed by the Tata group and set aside the order of the National Company Law Appellate Tribunal reinstating Cyrus Mistry as group chairman, Ratan Tata, chairman emeritus of Tata Sons and chairman of Tata Trusts, took to Twitter to share his views.
Tata Consultancy Services (TCS) has planned a capital expenditure of Rs 1,300 crore (Rs 13 billion) this financial year, Group chairman Ratan Tata said at the company's annual general meeting in Mumbai.
S Ramadorai, chief executive oficer, Tata Consultancy Services with chairman Ratan Tata at the annual general meeting in Mumbai on Friday afternoon.
The matter related to supply of low floor buses by Tata Motors to Government of Tamil Nadu.
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
Ratan Tata on Friday told the Supreme Court that the tapped telephonic conversations between corporate lobbyist Niira Radia and top politicians, bureaucrats and businessmen, including himself, were leaked to the media because of corporate rivalry.
Day four of Aero India 2011 had its share of high-profile visitors, including Indian cricket team captain M S Dhoni and actor Shahid Kapoor.
Sources familiar with the developments say the growing consensus in the committee set up to find a successor to chairman Ratan Tata is that an internal candidate should be the preferred option.
Tata Group chairman Ratan Tata has dubbed as "completely untrue" critical comments against Prime Minister Manmohan Singh attributed to him in an interview and apologised for "any embarrassment".
Tata Sons on Saturday denied that group Chairman Ratan Tata has used words such as "venal" business environment or accused the government of"inaction" in media interviews.
Tata Group Chairman Ratan Tata on Friday met Jammu and Kashmir Chief Minister Omar Abdullah and expressed his desire to expand his group's activities in the state.
In the letter, Tata, who has been appointed Chairman Emeritus and passes on the baton to 44-year-old Cyrus Mistry, told the employees to live by the 'value systems and ethical standards on which our group was founded'.
Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence.
CNBC-TV18 News reports that it has been able to confirm that the insurance giant is firmly backing Tata Sons. There is thus no possibility that the insurer will exit the group.
Congratulate Tata and the entire Tata Motors team for their incredible achievement.
Tata Sons Chairman Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation for innovation in philanthropy.
We should be concerned about unconfirmed sensationalized stories in the media to sell publications, the manipulation of policy by power brokers and powerful vested interest groups to meet their self-serving desire to continue protection, Ratan Tata tweeted.
The Chairman of the $100-billion conglomerate has also hit out at the Opposition, media and 'some members of ruling party', saying it is 'grossly misdirected' to single out the Prime Minister and blame him for the economic woes that the country is facing at present.
Tata had announced two-pronged strategy to give opportunities to students and entrepreneurs in the Kashmir Valley which includes supporting setting up of venture capital units.
Once pioneers in civil aviation, the Tata group is unlikely to get into the sector because of "destructive competition", its outgoing Chairman Ratan Tata said.
"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.
Other corporate leaders, including Biocon chief Kiran Mazumdar Shaw, UB Group Chairman Vijay Mallya and Mahindra Group vice-chairman Anand Mahindra, have also expressed concerns over the current state of economy in the country.
Trinamool sources indicated that invitations had been extended to Tata Sons Chairman Ratan Tata and several senior executives of the Tata group.
In an attempt to allay concerns of the US-based hospitality chain, Indian Hotels Co Ltd vice-chairman R K Krishna Kumar, in a letter to Lovejoy, said the Tata group firm would like to engage in a constructive dialogue.
Corporate magnate Ratan Tata on Friday said that Congress general secretary, Rahul Gandhi had opened a door for investments in Jammu and Kashmir.
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