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TATA Group is Looking To Acquire Air India

22Jun By PriyankaNo Comments

BUSINESS

TATA Group is Looking To Acquire Air India

Tata group is believed to be discussing buying a stake in debt-laden Air India amid the government looking at various options, including full or partial privatisation, to revive the national carrier, sources said. When contacted, a Tata group spokesperson said, "We dont comment on speculations." Tata's already have two airline joint ventures Vistara and AirAsia India. Staying afloat on taxpayers money, Air India has been in the red for long and various proposals, including government think-tank Niti Aayog suggestion for complete privatisation, have been made. Sources said Tata group is evaluating options on buying stake in Air India. In this regard, there have been internal meetings as well as meetings with government representatives, sources added. There was no official word f...

Well Orchestrated Move to Destroy Personal Reputations: Tata

31Dec By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Well Orchestrated Move to Destroy Personal Reputations: Tata

As feud at India's biggest conglomerate continues, Tata Group's interim chairman Ratan Tata today said there has been a willful, well-orchestrated move to destroy his personal reputations through unsubstantiated allegations. Without naming anyone, he said the ethics and values of the group have been "challenged by people who are known not to practice what they often preach". Tata, 78, who came back from retirement to take over Tata Sons after his successor Cyrus P Mistry was unceremoniously ousted on October 24, asked employees to put the events behind and re-dedicate themselves to re-establishing the Tata Group's leadership. "The past three months have been turbulent and wasteful. There has been a willful, well-orchestrated endeavour to destroy the personal reputations of individ...

Tata Group Tie-up With Yale University For Research & Development and Funding

29Aug By AnkitaNo Comments

BUSINESS

Tata Group Tie-up With Yale University For Research & Development and Funding

Indian conglomerate Tata Group and US prestigious Yale University have launched a collaboration that will focus on promoting research and its application in fields like network science, data science, healthcare and microbiome research. Tata has committed to fund the alliance over five years. However, the company did not disclose the financial details. The project would foster an intellectual exchange between the university and Tata Sons, Tata Consultancy Services and Tata Chemicals. "The initial aim of the alliance is to expand research and its application in fields ranging from network science to data science to healthcare. During each year of the agreement, Yale will also host visiting Tata scholars, who will actively participate in the research projects," Yale said in a statement is...

Tatas Record $103-Bn FY16 Revenue; Investment at $9-Bn: Cyrus Mistry

30Jul By PriyankaNo Comments

BUSINESS

Tatas Record $103-Bn FY16 Revenue; Investment at $9-Bn: Cyrus Mistry

Tata Group invested USD 9 billion in its businesses globally in 2015-16, even as its worldwide revenue fell marginally to USD 103 billion due to commodity market slowdown and volatile currencies among other reasons, the diversified conglomerates chief Cyrus Mistry said today. Addressing the Annual Group Leadership Conference (AGLC) of the steel-to-software conglomerate, Mystry also announced a new leadership competency model based on key competencies to develop and identify leaders within the group firms and outlined a new framework focussed on happiness at work. The total investments by the over 100 group companies in the last three years total to over USD 28 billion, said Mistry, Chairman of the main holding company Tata Sons Ltd. Addressing the top leadership and senior mana...