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N Chandrasekaran buys 100K Share of Tata Communications

18Mar By AnkitaNo Comments

Market

N Chandrasekaran buys 100K Share of Tata Communications

Tata Sons executive chairman N Chandrasekaran has purchased 1 lakh shares of Tata Communications from the secondary market, according to a regulatory filing. "We have received an intimation from N Chandrasekaran, executive chairman, Tata Sons Private Limited regarding his purchase of 1,00,000 equity shares of Tata Communications Limited at an average price of Rs 249.15, excluding brokerage and STT, per share as on March 16, 2020," Tata Communications said in a BSE filing. Shares of Tata Communications closed at Rs 226 a unit, down by 7.92 percent compared to the previous close, at BSE on Wednesday.

29May By Lavina TolaniNo Comments

INDIA

Meet India’s First Robot to Greet at Airports- RADA

Travellers should get ready as now robots may soon greet them at airports. The very first Artificial Intelligence-based Indian robot called "RADA" stationed at Tata Sons-Singapore Airlines JV airline Vistara will be deployed to address customer queries while entertaining them at the Delhi airport terminal 3 lounge from July 5. Touted as the maiden AI based first robot of its kind, Rada has been conceived, designed and engineered by a team of technology experts from Tata Innovation Lab Envisioned under Vistara’s Innovation initiative. Vistara CEO Leslie Thng said With RADA, we aim to change the way people interact and fly with an airline. We will be developing ‘RADA’ based on customer feedback and equipping it with the most effective features in the time to come. Our steadfast focus ...

13Mar By NitishNo Comments

Market

Tata Selling TCS Shares, Shares Down 6%

After the news of Tata selling some part of Tata Consultancy Services (TCS) shares, the market has not responded positively. The shares of TCS has fallen nearly 6% at the end of today. As per the following reports that Tata Sons is planning to raise around Rs 8,200 crore by selling a stake in the IT major. The stock declined 5.46 per cent to Rs 2,885.20 on BSE. The promoter of major operating companies of the Tata group, Tata Sons is planning to raise around Rs 8,200 crore by selling the stake in IT major TCS, according to investment banking sources. The funding will use to clear out the debts on Tata group. ALSO READ: TCS will not Leave Lucknow- Tata Group Chief The stock was the worst hit among the bluechips on both Sensex and Nifty during the morning trade. The tr...

Breaking Nirmalya Kumar’s Blog Post About Cyrus Mistry’s Exit

23Oct By RishabhNo Comments

Story

Breaking Nirmalya Kumar’s Blog Post About Cyrus Mistry’s Exit

The internet has gone crazy about Nirmalya Kumar's latest blog post about how Cyrus Mistry was fired as Tata's Chairman. Nirmalya Kumar, Former Group Executive Council member at Tata Sons has revealed a sequence of events on 24 October 2016, the day when Cyrus Mistry was relieved from his services. Nirmalya Kumar was hired by Cyrus to head strategy for the Tata Group, a position that had required Nirmalya to intensively interact and stay close to him. In his latest blog, published on 21 October, 2017; a year after Cyrus' removal, Kumar shed light on the sequence of events held that day! THE GRAPEVINE Cyrus Mistry was in his Bombay House 4th floor office examining what seemed like a routine agenda for the Tata Sons board meeting that was scheduled to start in five minutes at 14:00 hour...

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 Motors Shuts Down Loss Making Small Car Tata Nano Production

5Nov By AdityaNo Comments

News

Tata Motors Shuts Down Loss Making Small Car Tata Nano Production

Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on "growing and attractive segments" of the passenger vehicles market. The company, however, refuted Mistry's allegations that another reason for it not shutting down the Nano, besides emotional reasons, was the supply of gliders to an electric car maker in which Ratan Tata has a stake. "... due to combination of several factors including project delays, due to change in location of the factory and the perception of being a low-priced car, the volumes initially anticipated did not materialise and utilisation of capacities are significantly lower," Tata Motors ...

This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

30Oct By AdityaNo Comments

News

This is Why Cyrus Mistry Ousted By Ratan Tata? Surprised By The Reason Says Mistry

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. Mistry was sacked as chairman by the board of Tata Sons on Monday and a scathing 5-page letter he wrote to the board was leaked on Wednesday, turning a boardroom feud into a public row. Mistry's letter included allegations of corporate governance failures within Tata Sons, and a series of other barbs aimed at family patriarch Ratan Tata, who has returned as interim chair of the $104 billion salt-to-software conglomerate. In a statement on Thursday, Tata accused Mistry - whose Pallonji family owns a minority stake in Tata Sons - of making "unsubstantiated claims and malicious a...

Focus on Business & Market Leadership, Not on Cyrus Mistry Exit: Ratan Tata

25Oct By NitishNo Comments

Entrepreneurs Talk

Focus on Business & Market Leadership, Not on Cyrus Mistry Exit: Ratan Tata

A day after the abrupt ouster of Cyrus Mistry as Tata Group chairman, Ratan Tata, who has assumed charge as interim Chairman, today asked senior management of the conglomerates firms to focus on their businesses without being concerned about the top level change. Stating that his role is for short term so as to ensure stability and continuity at the group, Tata asked top executives of the USD 100 billion conglomerate to act as leaders in respective markets and focus on enhancing returns to shareholders. "I assumed the role of the interim Chairman for stability and continuity so that there is no vacuum. This will be for a short time. A new permanent leadership will be in place," he said while addressing managing directors and senior leaders of Tata companies at the Bombay House. In...

Tata Sons Remove Cyrus Mistry as Chairman, Ratan Tata Steps in

24Oct By Press Trust of IndiaNo Comments

News

Tata Sons Remove Cyrus Mistry as Chairman, Ratan Tata Steps in

In a major shakeup, Tata Sons has removed Cyrus Mistry from the post of Chairman. The decision was taken at athe board meeting held in Mumbai on Monday. Ratan Tata will be the interim Chairman, the board announced in a statement. A search committee has been set up to find a successor. 'The Committee comprises Mr. Ratan N. Tata, Mr. Venu Srinivasan, Mr. Amit Chandra, Mr. Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons,' the statement said, adding that the committee has been given four months to complete the process. CEOs at the operating company level have not been touched in the rejig.

Tata Starbucks Will Now Offer Indian Coffee in The US Market

27Jun By AnkitaNo Comments

News

Tata Starbucks Will Now Offer Indian Coffee in The US Market

Tata Sons and Starbucks have finalised multiple new joint initiatives to expand their collaboration at a global level, apart from building the iconic American coffee chains brand and business here. The initiatives include sourcing Indian coffee for the US market, introducing the Teavana brand of specialty teas in Indian stores, expanding the market of the Tata-owned mineral water brand Himalayan and skilling over 3,000 youths, the companies said. Tata Sons Chairman Cyrus Mistry met Starbucks Chairman and Chief Executive Howard Schultz last week in Seattle and finalised these initiatives, which will be rolled out by the year-end, the companies said in a joint statement today. The two groups have been running Tata Starbucks coffee chain in the country since October 2012 as part of a joi...

Ratan Tata to inaugurate T-Hub, the biggest start-up incubator

18Oct By No Comments

News

Ratan Tata to inaugurate T-Hub, the biggest start-up incubator

T-Hub, the country's biggest start-up incubator, will be inaugurated by Tata Sons chairman emiritus Ratan Tata on November 5. Telangana Governor ESL Narasimhan and Chief Minister K Chandrasekhar Rao will also attend the event. The inauguration was originally scheduled on September 7 but had to be postponed due to non-availability of Tata. (more…)