'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
AirAsia recently said it would set up a 49:30:21 joint venture with the Tata Sons and Telestra Tradeplace of Indian investor Arun Bhatia to launch a new Indian airline.
"I mentioned to sir (Ratan Tata) that the son of a fellow army officer was handicapped below the waist and needed a job," he told PTI from Pune where he now lives. "Vijay Bisht, son of my then colleague in M&G area HQ Lt Col B S Bisht, had sustained severe leg injuries after falling from a horse and I came to know he was looking for a job," he added. Tata said the needful would be done. And it was.
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
European and world club champions Manchester United have sent a shirt sponsorship proposal to the Indian conglomerate Tata Group. United's four-year, US $100 million contract with American International Group runs until May 2010 but the insurance giant said in January it would not be renewing the deal.
The Tata group is strengthening the management super-structure within its group companies by extending the post of vice-chairman to three more companies - Tata Motors, Tata Steel and Tata Consultancy Services.
Indian carrier Vistara on Monday announced voluntary retirement scheme (VRS) and voluntary separation scheme (VSS) for its permanent ground staff ahead of its merger with Air India, which had announced similar plans for its non-flying permanent staff two weeks ago.
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
Take the rediff business quiz and see how much you know about Tatas, India's first business family, and the founder of the group.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Deep down, Katragadda is still that boy who makes as well as sells soap
Starting November 12, Vistara aircraft will be operated under the Air India banner, to be identified by a special four-digit flight code beginning with "2".
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.
The first to pass on the baton will be Tata Motors managing director Ravi Kant. He retires in June, according to the group's policy that all executive directors must retire at the age of 65 years. The other two are the MD of Tata Steel, B Muthuraman, and his long-time counterpart at TCS, S Ramadorai. They retire in September and October, respectively.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
Snapshots from his illustrious life through the lens of Photographer Gopal Shetty including images with the legendary J R D Tata.
Salt-to-software conglomerate Tatas have become the country's first business house to attain $100 billion revenue, even as the group's profit slipped to near $five billion in the last fiscal year.
Aviation regulator DGCA has suspended two pilots of Tata Group's Taj Air, a non-scheduled airline that flies Chairman Emeritus Ratan Tata and Chairman Cyrus Mistry among others, for allegedly falsifying medical records.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Wagging its tail non-stop, the dog with a red collar refused to leave Tata's side, literally clinging to the spot next to the casket.
Expressing condolences on the demise of the doyen of Indian industry and Chairman Emeritus of Tata Group, Finance Minister Nirmala Sitharaman on Thursday said he has left an indelible mark on society. "Saddened by the passing away of Shri Ratan Tata, a leader par excellence, visionary industrialist, and philanthropist whose contributions have left an indelible mark on our society," Sitharaman said in a post on X.
The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. "My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India.
After Singapore this is the second such nodal office opened by the new group chairman.
Describing their situation akin to "bonded labour", two Air India pilot unions extended their support to Vistara pilots on Thursday, who have raised grievances regarding the duty roster and the revised salary structure. Amid the slew of flight cancellations and delays, Vistara chief executive officer Vinod Kannan acknowledged on Wednesday that pilot utilisation in the airline was high, and announced plans to scale back its flight schedule and overhaul the rostering system to provide pilots with more rest time.
"Noel Tata has taken over as chairman of Drive India Enterprise Solutions Limited (DIESL), signifying the growing importance that the Tata group has placed on logistics," the group's supply chain provider said on Wednesday.
After Reliance Industries and the Aditya Birla Group, the Tata Group is poised to become the next big name to feast on the burgeoning food retail sector.
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.
Arun Maira who worked for 25 years with the Tata Group, remembers his early years with Ratan Tata.
Singapore Airlines will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1 per cent stake in the enlarged Air India. Full-service carrier Vistara, which started flying on January 9, 2015, is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49 per cent shareholding.
The Tatas have collectively increased their aggregate airlines seat capacity across domestic and international markets by an impressive 20 per cent, going from 64.03 million in calendar year (CY) 2023 to 76.72 million in the current CY, according to data shared by the group that controls Air India in which Vistara has been merged recently. The Tatas also run Air India Express in which Air Asia India has been merged.
'He devoted his entire life for the betterment of Mumbai cricket and cricketers.' 'Even when he left for the Elysian Fields, he was in harness as mentor/advisor to the MCA.' Hemant Kenkre mourns the passing of Mumbai cricket icon Milind Rege.
The bulk of Indian carriers flying to Dubai are low-cost carriers, which include IndiGo, Air India Express, and SpiceJet.
Kant's projection of the Tata Group as an integral part of the British industrial landscape comes at a time when Tata Motors' owned Jaguar Land Rover had faced some challenges in convincing the UK government to lend support in raising money.
Sources in the know said a homeless man barged into the room at the hotel where the female cabin crew was staying and assaulted her.
'Jaguar Land Rover will manage the long-term impact and implications of this decision.'
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.
Late Ratan Tata always ensured employees are taken care of along with the well-being of their families across the Tata Group companies, which shaped a number of leaders across the conglomerate, and there really was no one like him, Tata Sons chairman N Chandrasekaran said on Monday. Recollecting his association with Tata (86) who passed away last week, in a post on networking platform LinkedIn, he wrote, "Anybody who met Mr Tata came away with a story about his humanity, warmth, and dreams for India. "There really was no one like him."
Scenting opportunity in the budget hotel segment, diversified conglomerate Tata Group plans to construct 50 hotels of its no-frills chain Ginger -- across India in the next four years.
Legendary industrialist Ratan Tata's body was on Thursday morning taken from his house in a hearse, decked with white flowers, to the National Centre for Performing Arts (NCPA) in south Mumbai where it would be kept for people to pay their last respects.
