Air India selects up to 290 Boeing jets
NEW DELHI:Boeing and Air India today announced the carrier has selected Boeing’s family of fuel-efficient airplanes to expand its future fleet with plans to invest in 190 737 MAX, 20 787 Dreamliner and 10 777X airplanes. Along with a comprehensive set of aviation services, Air India is advancing its fleet strategy to sustainably address South […]
Congress had favoured Tata, Birla, Ambani: BJP’s Nishikant Dubey counters Rahul Gandhi’s allegations
NEW DELHI: BJP member Nishikant Dubey on Tuesday countered the allegations levelled by Congress leader Rahul Gandhi in Lok Sabha against the Narendra Modi government, saying the Congress itself had favoured several industrial houses like the Tata, Birla and Ambani. Earlier, while participating in the debate on Motion of Thanks to the President’s Address, Gandhi […]
1,898 tribal women from Jharkhand offered jobs to mark Narendra Modi’s birthday
NEW DELHI: Around 1,900 tribal women from Jharkhand were offered jobs during an employment drive conducted by Tata Electronics Limited in collaboration with the Union Tribal Affairs Ministry to mark Prime Minister Narendra Modi’s birthday, a statement said. The two-day recruitment drive was organized at Khunti, Saraikela, Chaibasa and Simdega districts of Jharkhand on September […]
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 […]
Tata to market Odisha’s Koraput Coffee
BHUBANESWAR: Tata Coffee has decided to market the beans produced in tribal-dominated Koraput district of Odisha across the country and abroad, Chief Minister Naveen Patnaik has said. Appreciating the effort of Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL), Patnaik said that Tata Coffee will procure the produce from Koraput and market it by maintaining […]
Tata launches special-edition SUV Harrier CAMO in India at Rs 16.50 lakh
NEW DELHI: Tata Motors on Friday launched a special edition of its flagship SUV Harrier, at a starting price of Rs 16.50 lakh (ex-Delhi showroom) amid the ongoing festive season. The Harrier CAMO edition will be available in manual transmission from XT variant onwards, and in the automatic transmission from XZ variant onwards, the automaker […]
Shapoorji Pallonji Group formally seeks separation from Tata in Supreme Court
NEW DELHI: Shapoorji Pallonji (SP) Group has formally sought separation from Tata in the Supreme Court and argued that Tata Sons is effectively a two-group company. The Tata Group comprises Tata Trusts, Tata family members and Tata companies holding [ 81.6%] of the equity share capital, and the Mistry family owning the balance 18.37%. Tata […]
Tata’s Trent buys 1.5 lakh sq ft space in Lodha’s project
NEW DELHI: In a major commercial deal, Tata Group’s retail arm Trent has acquired five floors of office space in Lodha Group’s commercial building Lodha Excelus at New Cuffe Parade for a transaction value of Rs 300 crore. Of the 5 floors, the company, as the first and anchor client, has bought four floors on […]
Tata Investment board approves Rs 450 crore share buy-back
NEW DELHI: Tata Investment Corporation on Friday said the board has approved buy-back of up to 45 lakh shares aggregating a sum of Rs 450 crore. The board of directors of the company at its meeting held Friday approved the buy-back of the shares amounting to 8.17% of the total paid-up equity share capital at […]
Jet Airways terms deal with Tata as ‘speculative’
NEW DELHI: Jet Airways (India) Ltd on Tuesday termed media reports of Tata Group carrying out due diligence to acquire the airline as “speculative”. “…The subject news is speculative in nature and that there is no discussion or decision in the board which would require a disclosure…,” Jet Airways said in a response to a […]
Ambani, Birla, Tata, others’ commit Rs 1.38 lakh crore worth investment in Odisha
NEW DELHI: Odisha on Monday received investment commitments totalling over Rs 1,38,000 crore as RIL chairman Mukesh Ambani, Aditya Birla Group chairman Kumar Mangalam Birla and other industry captains pledged to pump in additional funds into existing projects in the state. On the first day of the ‘Make in Odisha Conclave’ here, Ambani said he […]
Lockheed Martin, Tata to hold suppliers’ meet in India to create F-16 jets’ manufacturing ecosystem
WASHINGTON: Lockheed Martin and Tata will jointly host a suppliers’ meet in India to provide unmatched opportunities for Indian companies to establish new business ties with the F-16 fighter jets’ maker and other industry leaders, the American aerospace giant announced on Tuesday. Such a move from Maryland-based Lockheed Martin comes as part of its broader […]
Tata’s IHCL retains Taj Mansingh Hotel after NDMC auction
NEW DELHI: The iconic Taj Mansingh Hotel in Lutyens’ Delhi was retained by the Tata group in an auction by the New Delhi Municipal Council (NDMC) Friday, an official on said. The auction was pending since the lease expired in 2011. The lease for the property will be granted to the group for 33 years […]