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Tata Group to create 5 lakh manufacturing jobs over next half decade: N. Chandrasekaran

Tata Group to create 5 lakh manufacturing jobs over next half decade: N. Chandrasekaran

Thu, Dec 26, 2024

The Tata Group plans to create 500,000 manufacturing jobs over the next half-decade in sectors like battery, semiconductors, electric vehicles and solar industries, Tata Sons Chairman N. Chandrasekaran said on Thursday.

Starbucks 'fully committed' to Indian market: Tata Starbucks

Starbucks 'fully committed' to Indian market: Tata Starbucks

Sat, Dec 21, 2024

Tata Starbucks, is a 50:50 joint venture between Tata group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based Starbucks Corporation, which operates a cafe chain in India under the brand name of Starbucks.

Air India orders 100 additional Airbus aircraft

Air India orders 100 additional Airbus aircraft

Mon, Dec 09, 2024

Air India said on Monday that it has placed an order to purchase 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 family aircraft, including A321neo. The 100 new aircraft are in addition to the firm orders of 470 aircraft that Air India had placed with Airbus and Boeing last year, according to a press release.

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TCS says Cyrus Mistry's removal in best interest of co

TCS says Cyrus Mistry's removal in best interest of co

Mon, Nov 21, 2016

It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Fri, Nov 11, 2016

Tata Sons, holding firm of India`s $100-billion salt-to-software Tata conglomerate, launched a broadside on Thursday against its ousted chairman Cyrus Mistry, criticising his performance and removing him as head of the group`s flagship business.

Tata Sons reveal why Mistry was hired and fired

Tata Sons reveal why Mistry was hired and fired

Thu, Nov 10, 2016

Updated with comments from sources close to Cyrus Mistry. Sudden ouster of Cyrus Mistry, ex-chairman of Tata Sons on October 24, who was left with little or no explanation of his removal raised questions regarding the decision of Tata Group’s holding company.

Mistry was intolerant to criticism: Tata Sons

Mistry was intolerant to criticism: Tata Sons

Thu, Nov 10, 2016

Former chairman Cyrus Mistry was intolerant to critical reports, Tata Sons has lashed out in a statement.

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Tata removes Cyrus Mistry as TCS chairman; Ishaat Hussain interim chairman

Thu, Nov 10, 2016

India`s biggest software services exporter, Tata Consultancy Services (TCS), said it received a letter from majority owner Tata Sons nominating Ishaat Hussain as the interim chairman of the company in place of Cyrus Mistry.

FinMin ask banks, LIC to keep watch on Tata group developments

FinMin ask banks, LIC to keep watch on Tata group developments

Sun, Nov 06, 2016

In Tata Power LIC owns 13.1% stake, 7.13% in Tata Motors, 8.8% in Indian Hotels and 9.8% in Tata Global Beverages.

Throw me under the bus to gain credibility in new regime, says former Tata employee

Throw me under the bus to gain credibility in new regime, says former Tata employee

Sun, Nov 06, 2016

Kumar said that he was fired from his position for "working intensely and extensively" with ousted Tata Sons Chairman Cyrus Mistry.

Ratan Tata installs new management team at Tata Sons

Ratan Tata installs new management team at Tata Sons

Sat, Nov 05, 2016

Ratan Tata, patriarch of the Tata group who is temporarily back at the helm as interim chairman, has put together a team of five executives, including two former Mistry advisers, Tata Sons said in a statement on Friday.

Tata Sons makes organisational changes; Rajan, Kannan, Kumar quit

Tata Sons makes organisational changes; Rajan, Kannan, Kumar quit

Fri, Nov 04, 2016

Tata Sons has found replacements for NS Rajan, Madhu Kannan and Nirmalya Kumar, it said in a statement on Friday.

Tata Motors' passenger vehicles grow 28% in October

Tata Motors' passenger vehicles grow 28% in October

Tue, Nov 01, 2016

The company's sales from exports were at 6,333 units in October 2016, a rise of 39% to 4,569 vehicles sold during the same period last month.

Mistry woes continue: Brickwork Ratings downgrades Tata Steel

Mistry woes continue: Brickwork Ratings downgrades Tata Steel

Mon, Oct 31, 2016

Citing "heightened management risk" following the ouster of Cyrus Mistry as Chairman of Tata Sons, Brickwork Ratings has revised outlook of Tata Steel to negative while as revised the ratings of its NCDs worth Rs 6,500 crore.

Mistry Ouster: 3 Tata Sons senior group executives quit

Mistry Ouster: 3 Tata Sons senior group executives quit

Sun, Oct 30, 2016

Three senior group executives at Tata Sons have resigned, people close to the matter told Reuters on Saturday, as management woes appeared to deepen at the $100 billion (nearly Rs 6,65,275 crore) conglomerate following the stunning ouster of its chairman.

Tata Group turmoil: Is it time to rejig your mutual funds portfolio?

Tata Group turmoil: Is it time to rejig your mutual funds portfolio?

Sat, Oct 29, 2016

With the ongoing saga at the Bombay House, Tata Group companies have lost nearly Rs 55,000 crore of investors' money in the past week.

Amazon to buy publishing business of Tata-owned Westland

Amazon to buy publishing business of Tata-owned Westland

Sat, Oct 29, 2016

US-based e-commerce giant Amazon said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum.

Mistry ouster: Tata Group’s HR head quits

Mistry ouster: Tata Group’s HR head quits

Sat, Oct 29, 2016

After the unceremonious exit of Cyrus Mistry from Tata Group, Chief Human Resources Officer (CHRO) of the company, N S Rajan put in his papers on Friday. The disbanding of the group executive council (GEC) triggered Rajan’s resignation, a report by Times of India said.

Cyrus Mistry denies Tata Group's claim on Welspun Power buy

Cyrus Mistry denies Tata Group's claim on Welspun Power buy

Sat, Oct 29, 2016

Stepping up his attack on the Tata Group in general and Ratan Tata in particular, ousted chairman Cyrus Mistry, on Friday, denied group's claim that the board was not properly consulted on Tata Power's purchase of Welspun Power in June.

Mistry woes continue: Says surprised by Tata's justification of his dismissal

Mistry woes continue: Says surprised by Tata's justification of his dismissal

Sat, Oct 29, 2016

The war of words between Tata Sons and its ousted Chairman Cyrus Mistry ratcheted up a notch late on Friday, with Mistry stating he was surprised with reasons given by the Indian conglomerate for his dismissal.

Indian Hotels to move Supreme Court against Delhi HC verdict

Indian Hotels to move Supreme Court against Delhi HC verdict

Fri, Oct 28, 2016

The company had filed an appeal challenging the earlier judgment dated September 5, 2016.

Will a Tata lead salt-to-software conglomerate again?

Will a Tata lead salt-to-software conglomerate again?

Fri, Oct 28, 2016

Noel Tata, Ratan Tata's half-brother and Cyrus Mistry's brother-in-law may be in the running for the job once again.

Cyrus Mistry departed from the culture and ethos of the group, Tata Sons says

Cyrus Mistry departed from the culture and ethos of the group, Tata Sons says

Thu, Oct 27, 2016

Tata Sons called Mistry's claims of $18 billion worth of probable write-downs as "unsubstantiated claims and malicious allegations".

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