While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
Anjaneyulu is one of the three IPS officers who are under suspension for allegedly "hastily arresting" and "harassing" Jethwani without proper investigation in a case filed against her during the erstwhile YSRCP regime. Vishal Gunni and Kanthi Ratan Tata are the other two IPS officers.
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
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
Sukanya Verma looks at instances of aristocrats falling for commoners on the silver screen.
The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.
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.
A family priest performed the prayers as per Parsi tradition before the last rites.
United States Ambassador to India, Eric Garcetti, expressed condolences on veteran industrialist, Ratan Tata's demise on Thursday and said that India, and the world have 'lost a giant with a giant heart'.
'Some icons are living textbooks, teaching us about leadership, success, and legacy. Extraordinary yet human and approachable, they inspire and guide us.' 'India has lost a true son and champion.'
Karisma meets Maonj Bajpayee... Juhi wishes Alka Yagnik... Namrata enjoys a Parisian breakfast...
'LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.'
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
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.
Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.
The sports fraternity joined the nation in mourning the passing of Ratan Tata, recognising his significant contributions to Indian industry and society.
In Rajasthan's Karauli district, a decade ago, rampant drought and dwindling water sources forced many men into a life of dacoity, leaving their families in fear. However, the women of Karauli, tired of the despair, took matters into their own hands. They persuaded their husbands to give up their lives of crime and together they began reviving old water bodies and constructing new ones with the help of a local NGO. This community-led effort, which included building pokhars (water bodies) and reviving the Serni River, resulted in a remarkable transformation, bringing stability and hope to the region, and turning former dacoits into thriving farmers.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
The case came to light on February 19, when the brothers crashed their car into a pillar along the Eastern Metropolitan Bypass in what appeared to be an attempt to end their lives.
This was a man who like Buddha transformed himself into achieving the impossible and being an inspiration for many generations to come, says business thinker Mudit Jain.
'Tata Group is excited to work together to make Air India the airline of choice in terms of passenger comfort and service'. This is an audio message from Ratan Tata played onboard some Air India flights. Tata Group completed the takeover of the loss-making Air India on January 27.
Ratan Tata-promoted Electrodrive Powertrain Solutions or Electra EV has raised USD 25 million in equity capital from GEF Capital for a minority stake. The Tata Group patriarch set up Electra EV in 2017 and the company designs, manufactures and supplies EV powertrains systems across passenger and commercial vehicle segments. It also has products for the agriculture and off-highway segments.
People from different walks of life gathered outside the residence of Ratan Tata in south Mumbai on Thursday morning to pay their respects to the veteran industrialist, who died in a hospital in Mumbai.
'We shared stories and insights about our mutual love for automobiles, our commitment to giving back to society, passion for wildlife conservation, and affection for our furry friends.'
Sukanya Verma quizzes you to find out just how much you know about the movies.
The Storyteller has a lot to like and admire about it, observes Mayur Sanap.
Will it be Noel Tata, Ratan Tata's half brother?
The upcoming Delhi Assembly elections will see around 20 candidates who have switched parties, with the AAP, BJP, and Congress fielding former foes in a bid for political gains. While these candidates aim to prove themselves in their new political homes, they face challenges including apprehension among members of their adopted parties. The article provides details of prominent leaders who switched sides, including those who joined the AAP, BJP, and Congress.
Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers. Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday. He was 86. "Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.
Industry leader Ratan Tata on Tuesday announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service. The octogenarian industrialist has been an active backer of startups ever since he retired from the helm of the salt-to-software Tata Group. The company is founded by Shantanu Naidu. Cornell University-educated Naidu, 25, is a general manager in Tata's office and has been assisting Tata since 2018.
For students and other young people who gathered at the National Centre for Performing Arts (NCPA) in Mumbai to pay their last respects to Ratan Tata on Thursday, he was not just an industrialist but a role model with a human face, also better known for philanthropy and his love for animals.
'When Dr Murli Manohar Joshi wanted to start a course on astrology, Jayant was the first one to have the courage to stand up and say astrology is not science.' 'That's a very rare quality -- to stand up to authority.'
Have You met Mr Tata, interacted with him? If you have, we would love to hear from you. Please mail your memories of your encounter with Mr Tata, complete with the date of the meeting, your full name, where you are based, what you do. And if you have a photograph of yourself with Mr Tata, please mail that too. Do mail your recollections to ReadersWriteIn@rediffmail.com
'Today, 6th May 2021, on my birthday, am humbly donating my entire #IPL2021 commentary fees, to the #westbengal #CHIEFMINISTERRELIEF FUND. A small contribution to fight this disastrous 2nd wave Corona Situation.'
Ratan Tata, Chairman Emeritus of the Tata Group, on Sunday said ace investor Rakesh Jhunjhunwala will always be remembered for his acute understanding of the markets as well as for his jovial personality, kindness, and foresightedness. Jhunjhunwala, often referred to as 'India's Warren Buffett', passed away here Sunday morning due to a cardiac arrest. He was 62. Jhunjhunwala had investments in more than three dozen companies, the most valuable being watch and jewellery maker Titan, part of the Tata conglomerate.
Tata Consultancy Services (TCS) has cancelled a press conference scheduled on Thursday evening to announce its second quarter performance, company officials said. The press conference was originally scheduled at 1730 hours on Thursday.
Air India pilots, who are up in arms against the airline's management's decision to unilaterally alter their salary structure and services conditions, on Tuesday sought Ratan Tata's intervention in resolving the issue. In a petition, signed by a little over 1,500 Air India pilots, the community alleged that the "pilots' concerns are not being heard or addressed by the current HR team". On April 17, Air India rolled out a revamped compensation structure for its pilots and cabin crew, which has since been rejected by the two pilot unions - Indian Commercial Pilots Association (ICPA) and Indian Pilots Guild (IPG) - on the grounds that the airline, in alleged violation of the labour practices, did not consult them before finalising the new contracts.
The Central Reserve Police Force (CRPF) has been awarded the highest number of police gallantry medals, 21, including two Shaurya Chakras, on the eve of Republic Day. A total of 95 bravery medals were awarded to personnel from state and central police forces, fire service, home guard, civil defence, and correctional services. The CRPF's medals included 11 for operations in Jammu and Kashmir, seven for anti-Maoist operations, and one for an operation in the northeast. The second-highest number of medals went to Uttar Pradesh (17), followed by Jammu and Kashmir (15), Chhattisgarh (11), and the Border Security Force (5).
On the eve of Durga Puja in October 2008, industrialist Ratan Tata announced that Tata Motors would withdraw from the nearly completed Nano car plant in Singur, attributing the decision to Mamata Banerjee's anti-land acquisition movement, which he claimed had derailed what was meant to be a "groundbreaking project" -- the world's cheapest car.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
