By 2025, India hopes to expand its defence manufacturing beyond $25 billion
NEW DELHI: The Prime Minister, Narendra Modi laid the foundation stone of the C-295 Aircraft Manufacturing Facility in Vadodara, Gujarat today. He also visited an exhibition showcasing technological and manufacturing strides in the aerospace industry under Aatmanirbhar Bharat. Addressing the gathering, the Prime Minister said that today we have taken a big step in the […]
Tata Sons chief Chandrasekaran appointed Air India chairman
NEW DELHI: N Chandrasekaran, chairman of Tata Sons, has been appointed as the chairman of Air India by the airline’s board, aviation industry sources said on Monday. Salt-to-software conglomerate Tata Group had on October 8 last year won the bid to acquire debt-laden state-run Air India by offering Rs 18,000 crore for it. Tata Sons […]
N Chandrasekaran reappointed Tata Sons chairman
NEW DELHI: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]
Government paying Rs 20 crore daily on Air India, wants quick handover: DIPAM Secretary
NEW DELHI: Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM Secretary Tuhin Kanta Pandey said what Tata […]
Tatas say Mistry left Board meeting, wrote nasty email Supreme Court reserves verdict
NEW DELHI: The long-drawn legal battle between Ratan Tata and Cyrus Mistry has reached finality, after the Supreme Court on Thursday reserved its verdict on the cross-appeals by Tata Sons and Cyrus Investments, challenging the NCLAT order, which restored Mistry as the Executive Chairman of the Tata conglomerate. Senior advocate Harish Salve, representing Tata Sons, […]
Disqualify Tata Sons from Air India bid: Subramanian Swamy
NEW DELHI: BJP’s Rajya Sabha MP Subramanian Swamy has said that Tata Sons or any of its partners should be disqualified from bidding for national carrier Air India. Swamy has written to Civil Aviation Minister Hardeep Singh Puri on this. “In public interest and in the interest of justice, Tata Sons and/or with any other […]
Tata Sons among multiple bidders to buy national carrier Air India
NEW DELHI: Salt-to-software conglomerate Tata Group was among “multiple” entities that on Monday put in preliminary bids for buying the government’s stake in loss-making carrier Air India. “Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage,” Department of Investment and Public Asset […]
Supreme Court stays NCLAT order restoring Cyrus Mistry as Tata Sons’ chairman
NEW DELHI: The Supreme Court on Friday stayed in toto the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group, observing that there were “lacunae” in the orders passed by the Tribunal. A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant said the National Company […]
Cyrus Mistry says no to chairmanship of Tata Sons
NEW DELHI: Cyrus Mistry on Sunday said he is not interested in getting back to the Tata Group in any capacity at all, ahead of the Supreme Court’s hearing on an urgent petition seeking to set aside the NCLAT order reinstalling him as the group chairman and also in the board of group companies. Mistry, […]
$110 billion question: Who runs Tata Sons if Supreme Court backs tribunal on Cyrus Mistry?
By Andy Mukherjee NEW DELHI: How do you unscramble an egg called Tata Sons? The second law of thermodynamics says orderly things gradually turn more chaotic, and there’s no going back, no separating yokes from whites. But the appeals judge of India’s corporate law arbiter thinks he can reverse time. Or so it would appear […]