News for 'tata group'

No help from AI or govt: Father of deceased crew member from Manipur

No help from AI or govt: Father of deceased crew member from Manipur

Rediff.com13 Jun 2025

21-year-old Nganthoi Sharma Kongbrailatpam was part of the cabin crew in Air India flight AI 171, a Boeing 787 Dreamliner, which crashed near Ahmedabad airport on Thursday.

AI peeing incident: We fell short of addressing situation, says Tata chief

AI peeing incident: We fell short of addressing situation, says Tata chief

Rediff.com8 Jan 2023

Chandrasekaran also said that "We fell short of addressing this situation the way we should have."

What Gave Ratan Tata Great Pleasure

What Gave Ratan Tata Great Pleasure

Rediff.com14 Oct 2024

'I get enormous pleasure from seeing the uplift of an underprivileged or poor person.' 'I feel elated when I walk on the street and see someone who pushes a handcart talking on a cell phone.' A revealing glimpse from Peter Casey's The Story of Tata: 1968 to 2021.

TCS Q3 net profit rises 12% to Rs 12,380 cr

TCS Q3 net profit rises 12% to Rs 12,380 cr

Rediff.com9 Jan 2025

India's largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter. The company's revenue grew 5.6 per cent to Rs 63,973 crore as against Rs 60,583 crore a year earlier.

Tata Hitachi reaps rich harvest, from field to factory

Tata Hitachi reaps rich harvest, from field to factory

Rediff.com5 Jul 2024

It was the summer of 2006 (May 18). Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.

EV makers hope for festive spark to light up sales

EV makers hope for festive spark to light up sales

Rediff.com27 Aug 2025

India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts.

Tata successor list has a few group employees

Tata successor list has a few group employees

Rediff.com19 May 2011

Ratan Tata will step down in December next year after he turns 75.

Carl-Peter Forster is Tata Motors group CEO

Carl-Peter Forster is Tata Motors group CEO

Rediff.com15 Feb 2010

Auto major Tata Motors on Monday said it appointed Carl-Peter Forster as the new group chief executive of the company.

Will Tatas be the new owner of Bisleri? 'Talks are on,' says Ramesh Chauhan

Will Tatas be the new owner of Bisleri? 'Talks are on,' says Ramesh Chauhan

Rediff.com24 Nov 2022

Veteran industrialist Ramesh Chauhan on Thursday said he is scouting for a buyer for his packaged water business Bisleri International and is in talks with several players, including Tata Consumer Products Ltd. However, the 82-year-old pioneer of the Indian packaged water business denied a report that a Rs 7,000 crore deal has been finalised with Tata Consumer Products Ltd (TCPL). When asked if he is selling his Bisleri Business, Ramesh Chauhan answered in the affirmative.

Tata's Chandra is confident about India's growth in 2023

Tata's Chandra is confident about India's growth in 2023

Rediff.com26 Dec 2022

India is well positioned to continue to be the fastest-growing major economy next year, which may mark the lowest global growth since the millennium began barring the pandemic and the global financial crisis, according to Tata Sons chairman N Chandrasekaran. In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts. "Post-pandemic, India opened up, and we have returned to living our daily lives normally, in a year that saw the nation turn 75 years old.

Air India cancels 8 flights; bookings decline by up to 20%

Air India cancels 8 flights; bookings decline by up to 20%

Rediff.com20 Jun 2025

Air India has cancelled eight flights, including four international services, on Friday due to enhanced maintenance and operational reasons, the airline said.

Officials hint at 'political interests' behind Manipur ambush

Officials hint at 'political interests' behind Manipur ambush

Rediff.com5 Oct 2025

Security forces in Manipur have launched a major crackdown on the banned People's Liberation Army (PLA) following an ambush on an Assam Rifles convoy. Fifteen cadres have been arrested, including suspects directly involved in the attack. Investigations are underway to determine if the PLA has political patronage and if weapons looted during ethnic clashes are being used against security forces.

DGCA orders enhanced inspection of AI's Boeing 787 Dreamliner fleet

DGCA orders enhanced inspection of AI's Boeing 787 Dreamliner fleet

Rediff.com13 Jun 2025

The Directorate General of Civil Aviation has directed Air India to carry out additional maintenance actions on its Boeing 787-8 and 787-9 planes equipped with Genx engines with immediate effect.

NPS: MSF Makes Investing Simpler, Smarter

NPS: MSF Makes Investing Simpler, Smarter

Rediff.com27 Oct 2025

Those who have long retirement horizons of 15 to 20 years and seek higher long-term returns may opt for MSF. Investors nearing retirement (under 10 years) or those with low risk tolerance should stay away.

Tatas acquire majority stake in Bigbasket

Tatas acquire majority stake in Bigbasket

Rediff.com28 May 2021

Tata Digital Ltd has acquired a majority stake in online grocery platform BigBasket. Tata Digital is a 100 per cent subsidiary of Tata Sons. "Grocery is one of the largest components of an individual's consumption basket in India, and BigBasket as India's largest e-grocery player, fits in perfectly with our vision of creating a large consumer digital ecosystem.

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Rediff.com29 Dec 2023

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.

BFSI Sector Set For Boom With Rs 58K Cr IPOs

BFSI Sector Set For Boom With Rs 58K Cr IPOs

Rediff.com25 Sep 2025

The sector's IPO pipeline is led by Tata Capital's Rs 17,000 crore issue, followed by ICICI Prudential Asset Management at Rs 10,200 crore and Billionbrains Garage Ventures at Rs 6,000 crore.

India's 5 most-valued business groups; Tatas lead

India's 5 most-valued business groups; Tatas lead

Rediff.com16 Aug 2010

Coinciding with the beginning of a search for chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 371,000 crore (Rs 3,710 billion) -- higher than that of the business houses led by the two Ambani siblings.

Tatas win back Air India; welcome back, says Ratan Tata

Tatas win back Air India; welcome back, says Ratan Tata

Rediff.com8 Oct 2021

They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.

Tata calls for a reality check on group targets

Tata calls for a reality check on group targets

Rediff.com3 Jan 2012

Ratan TataTata Group Chairman Ratan Tata has asked all group companies to do a reality check in view of the economic slowdown, expected to continue in the New Year.

Finance Secretary TK Pandey is new Sebi chairman

Finance Secretary TK Pandey is new Sebi chairman

Rediff.com28 Feb 2025

The Indian government has appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch IAS officer, will replace Madhabi Puri Buch, whose three-year tenure ends on February 28. Pandey's appointment comes at a time when the markets are experiencing bear pressure due to withdrawals by foreign institutional investors (FIIs). Pandey has extensive experience in the finance ministry, having served as the longest-serving secretary in the Department of Investment and Public Asset Management (DIPAM) and the Department of Public Enterprises (DPE). He also played a key role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. Pandey's appointment is for an initial period of three years.

Air India's losses down 60% at Rs 4,444 cr in FY24

Air India's losses down 60% at Rs 4,444 cr in FY24

Rediff.com8 Sep 2024

Tata Group-owned Air India shaved off its losses by 60 per cent to Rs 4,444.10 crore in FY24 over the previous year, according to the Tata Sons annual report for 2023-24. The airline had reported a loss of Rs 11,387.96 crore in FY23, the annual report said.

Tatas to be India's first homegrown iPhone maker

Tatas to be India's first homegrown iPhone maker

Rediff.com27 Oct 2023

Tata Group is set to become India's first homegrown iPhone maker after Taiwan's Wistron Group agreed to sell a plant in Bengaluru to India's largest conglomerate. Wistron's board approved the sale of Wistron InfoComm Manufacturing (India) Private Ltd to Tata Electronics for $125 million, the Taiwanese electronics manufacturer said in a statement on Friday. The unit operates an iPhone assembly plant near Bengaluru.

Tata Sons shareholders want separate chairpersons for company, Tata Trusts

Tata Sons shareholders want separate chairpersons for company, Tata Trusts

Rediff.com31 Aug 2022

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.

Tata Sons comes to rescue of Tata Play as it faces growth headwinds

Tata Sons comes to rescue of Tata Play as it faces growth headwinds

Rediff.com14 Oct 2023

The reported buyback of Temasek's 20 per cent stake in Tata Play by Tata Sons will be the third instance of Tata Group providing an exit to a foreign partner in recent years. In 2018, Tata Sons paid $1.27 billion to DoCoMo to buy back 26 per cent of the group's telecommunication venture, Tata Teleservices. This was followed by Tata Sons acquiring AirAsia Berhad's 49 per cent stake in AirAsia India in two tranches to make it a wholly owned subsidiary.

Ratan Tata Brings Shinde, Pawar Together

Ratan Tata Brings Shinde, Pawar Together

Rediff.com19 Aug 2023

Ratan Tata is Maharashtra's first Udyog Ratna.

Trump threatens Apple with 25% tariff if iPhones are made in India

Trump threatens Apple with 25% tariff if iPhones are made in India

Rediff.com23 May 2025

US President Donald Trump on Friday again sought to pressurise Apple on its decision to increase production of its iPhone in India. Trump said that Apple will have to pay a 25 per cent import tariffs if its mobile handsets sold in US are not produced in the boundaries of the country.

India's M&A deals dipped in Q2 amid valuation caution

India's M&A deals dipped in Q2 amid valuation caution

Rediff.com10 Oct 2025

India's mergers and acquisitions (M&A) activity cooled in the second quarter of 2025-26 (Q2FY26), with deal value falling to $26.26 billion from $29.04 billion a year ago, according to Bloomberg data.

Stealth Fighter Test Flight Scheduled For 2028

Stealth Fighter Test Flight Scheduled For 2028

Rediff.com28 May 2025

Private and public defence players can bid to participate in the stealth fighter development programme independently, as a joint venture, or as consortia.

Day after: Tata meets group CEOs, tells them to act as market leaders

Day after: Tata meets group CEOs, tells them to act as market leaders

Rediff.com25 Oct 2016

Stating that his role is for the short term so as to ensure stability and continuity at the group, Tata asked top executives of the USD 100 billion conglomerate to act as leaders in respective markets and focus on enhancing returns to shareholders.

Tatas to buy residual stake in AirAsia India

Tatas to buy residual stake in AirAsia India

Rediff.com26 Nov 2021

Tata Sons is all set to acquire a residual stake of 16.33 per cent in AirAsia India from its joint venture (JV) partner AirAsia Berhad for $19 million (or Rs 142 crore) by early next year. The valuation is in accordance with the previous transaction under which AirAsia Berhad had sold its 32.6 per cent stake, said a banking source. Tata Group had increased its stake in AirAsia India at a valuation of $115 million.

Tatas mull Group CEO post to ease chairman's workload

Tatas mull Group CEO post to ease chairman's workload

Rediff.com24 Oct 2011

This move is seen as a way to create an enabling structure for the new chairman, where he or she will have the support of an experienced team to share some of the responsibilities in running the conglomerate through Tata Sons.

Tatas to offer ESOPs to Air India staff

Tatas to offer ESOPs to Air India staff

Rediff.com29 Apr 2022

In a bid to incentivise its staff and improve their performance, Air India may soon offer them employee stock options (ESOPs). The erstwhile national carrier, which was acquired by the salt-to-steel conglomerate Tata Group last year, will be the second company in the Group to have an ESOP policy. Tata Motors is the other Group company with an ESOP policy, which was implemented in 2018.

'He Was Always The Same Old Ratan'

'He Was Always The Same Old Ratan'

Rediff.com15 Oct 2024

'Ratan had the quality that JRD and Russi Mody had -- they could walk with kings and never lose the common touch.'

Tata Neu 2.0 Plans Better Experience

Tata Neu 2.0 Plans Better Experience

Rediff.com17 Apr 2023

'With this revamp the anonymous journey of the user will begin wherein he will not have to sign in every time he accesses the app.'

PhonePe seeks Sebi nod for IPO; submits papers

PhonePe seeks Sebi nod for IPO; submits papers

Rediff.com24 Sep 2025

Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges".

What Went Wrong For Cyrus Mistry At Tatas

What Went Wrong For Cyrus Mistry At Tatas

Rediff.com16 Jun 2023

If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Rediff.com18 Jan 2024

Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.

Mumbai SGNP's toy train gets Vistadome makeover, to chug again after 4 yrs

Mumbai SGNP's toy train gets Vistadome makeover, to chug again after 4 yrs

Rediff.com27 Jul 2025

One of the key attractions of the park, which houses a wide array of plant, animal and bird species besides ancient caves, the revamped toy train is set to provide an elating and exciting experience to visitors, especially children.

Why Trust In Ambani, Adani, India Inc Is Vital

Why Trust In Ambani, Adani, India Inc Is Vital

Rediff.com12 Sep 2025

Who else will take on the might of Microsoft, Google, and Amazon if not the Adanis, Ambanis, Birlas, or Tatas?, asks R Jagannathan.