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Sunday, May 26th 08:13 AM IST
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Tata Group GALLERY.
Cyrus Mistry, Chairman of India's tea-to-software conglomerate Tata Group smiles as he arrives at the group's software arm - Tata Consultancy Services (TCS) facility in Mumbai on May 21, 2013. Cyrus Mistry, Chairman of India's t
Chinese Premier Li Keqiang, second from right, and Chairman of Tata Group Cyrus Mistry, second from left, pose for photographs along with other Tata Group officials at the Tata Consultancy Services office in Mumbai, India, Tuesday, May 21, 2013. Li told Indian business leaders Tuesday that developing stronger economic ties between their two nations would have huge benefits for both sides. Chinese Premier Li Keqiang, second
Prime Minister of the People’s Republic of China, Li Keqiang (C), speaks during a video conference with Chinese employees of India's tea-to-software conglomerate Tata Group, at the Tata Consultancy Services (TCS) software facility in Mumbai on May 21, 2013. Chinese Premier Li Keqiang is in Mumbai on the final stop of his maiden three day foreign trip to India. China is India's biggest trading partner, with two-way commerce totalling USD 67.83 billion in the last fiscal year to March 2013, up from USD 2.1 billion in 2001-02. Prime Minister of the People’s Re
China's Premier Li Keqiang (L) and Chairman of the Tata Group of companies Cyrus Mistry stand together at an office of software services company Tata Consultancy Services (TCS) in Mumbai May 21, 2013. Li is in India on a three-day state visit. China's Premier Li Keqiang (L) and
Tata Group Chairman Ratan Tata arrives at 10 Downing Street in London May 20, 2013. Tata Group Chairman Ratan Tata arri
Tata Group Chairman Ratan Tata (L) and Chairman of BAE Systems Richard Olver leave 10 Downing Street in London May 20, 2013. Tata Group Chairman Ratan Tata (L)
Bangalore: Tata Group's subsidiary Roots Corporation Ltd is expanding its presence in the midsize hospitality sector to have 50 budget hotels under its 'Ginger' brand by 2015 across the country, an official said Monday. We are planning to have about 50 Ginger hotels in the lower-end of the midsize market over the next two years from 26 presently in view of the huge potential for budget hotels in the country and encouraging response we have been getting in this segment, Roots chief executive P.K. Mohan Kumar told reporters here Monday. [caption id=attachment_666412 align=alignleft width=380 Bangalore: Tata Group's subsidiary
GENEVA, SWITZERLAND - MARCH 05: Tata Group Chairman Ratan Tata looks on during the 83rd Geneva Motor Show on March 5, 2013 in Geneva, Switzerland. Held annually the Geneva Motor Show is one of the world's five most important auto shows with this year's event due to unveil more than 130 new products. GENEVA, SWITZERLAND - MARCH 05: Ta
strongNew Delhi/strong: Air Asia and Tata Group which have proposed to set up a domestic airline along with Arun Bhatia of Telestra Tradeplace, have sought approval for renting and leasing of aircraft, besides carrying of air freight. According to sources, in its application to the FIPB, the partners have also sought permission for engaging in ancillary activities. Other activities for which they have sought permission include air transport carriers (of freight), cargo handling, renting and leasing of aircraft, a source said. [caption id=attachment_646453 align=alignleft width=380 strongNew Delhi/strong: Air Asia an
strongMumbai:/strong Ratan Tata, Chairman Emeritus of $100-billion Tata Group, today called for deeper partnership between India and UK, saying it would serve both the countries, apart from tapping the potential of Asia and Africa. If India and England could be partners, both can not only serve the large Indian market but also cater to the third-party markets together.....like Asia and Africa, Tata said while addressing a luncheon session visiting British Prime Minister David Cameron had with India Inc at Taj Hotel. Tata Group patriarch also said his companies' experience in England has been very positive. [caption id=attachment_630180 align=alignleft width=380 strongMumbai:/strong Ratan Tata, Ch
Former Group Chairman of Indian conglomerate Tata Group, Ratan Tata speaks at a business seminar attended by Indian industrialists and a huge business delegation accompanying British Prime Minister David Cameron in Mumbai on February 18, 2013. British Prime Minister David Cameron arrived in India on Monday with what he called Britain's biggest ever overseas business delegation for a three-day visit clouded by a corruption scandal. Former Group Chairman of Indian con
Essar Group Chairman Shashi Ruia, Chairperson of the Regional Government of Astrakhan Konstantin Markelov, Reliance Industries Chairman Mukesh Ambani, former Gujarat state finance minister Vajubhai Vala, Japan's ambassador to India Takeshi Yagi, Gujarat chief minister Narendra Modi, Canadian High Commissioner to India Stewart Beck, Tata Group Chairman Emeritus Ratan Tata and British High Commissioner to India James Bevan (2nd L-R) hold their hands up together during the Essar Group Chairman Shashi Ruia,
New Tata Group Chairman Cyrus Mistry (C) delivers a public address during the Velidictory function of the Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 12, 2013. The summit was inaugurated by Gujarat Chief Minister, Narendra Modi yesterday and the two day summit is attended by a wide range of national and international corporate representatives. New Tata Group Chairman Cyrus Mistr
strongGandhinagar:/strong New Tata Group Chairman Cyrus Mistry today lauded the Gujarat government and Chief Minister Narendra Modi saying they have created an enabling business environment and a culture of implementation. As Mistry's name was announced for delivering his maiden public address since taking over the helm of the salt to software conglomerate at the valedictory session of the sixth 'Vibrant Gujarat' summit here, a thunderous applaud resounded at the packed Mahatma Mandir auditorium. [caption id=attachment_585849 align=alignleft width=380 strongGandhinagar:/strong New Tata
Indian Chairman of the Emeritus Tata Group, Ratan Tata and (R) speaks with UK India Business Council (UKIBC) chair Patricia Hewitt during the launch of Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 11, 2013. The summit is being attended by national and international corporations in large numbers. Indian Chairman of the Emeritus Tat
Audience members listen to Indian Chairman Emeritus of Tata Group, Ratan Tata speak during the launch of Vibrant Gujarat 2013 6th Global Summit at Mahatma Mandir in Gandhinagar, some 30 kms from Ahmedabad on January 11, 2013. The summit is being attended by national and international corporations in large numbers. Audience members listen to Indian C
strongMumbai:/strong Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office on Monday, company sources said today. Mistry, who was appointed chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire. The Group was founded as a private trading firm in 1868 by entrepreneur and philanthropist Jamsetji Nusserwanji Tata. [caption id=attachment_572412 align=alignleft width=380 strongMumbai:/strong Cyrus Mistry,
Thanking all ranks across all Tata Group firms, outgoing chairman Ratan Tata in his final letter to the employees said that the times ahead will be tough because of a difficult economic situation and formidable competition due to more imports. We will probably see continued constraints in consumer demand, over-capacity and increased competition from imports, the Tata patriarch said. Calling upon all employees to face the challenges ahead with grit and determination, the Tata chief in a note of optimism, said the hard times at present are just a passing phase.[caption id=attachment_571914 align=alignleft width=380 Thanking all ranks across all Tata
India's Tata Group's new Chairman Cyrus Mistry (C) walks into the company head office in Mumbai on December 28, 2012. The head of India's Tata Group, Ratan Tata, quietly handed over the reins of the business empire on his 75th birthday December 28, as he basked in the plaudits for turning the organisation into a global power. Tata, who steered the group for 21 years as chairman, has been credited with transforming it into a streamlined conglomerate of more than 100 companies and earning a global reputation for eye-catching acquisitions of Western firms. India's Tata Group's new Chairman C
strong/strongWith outgoing Tata Group chairman Ratan Tata saying Singur was a 'great disappointment' and hinting the Group might still go to West Bengal, a key adviser of Chief Minister Mamata Banerjee today said 'no quarrel with Tata'. Earlier today, CPI(M), Congress and BJP attacked Trinamool Congress and the Bengal government on the same and said it was high time the Mamata Banerjee government reviews its land policy that totally rules out state role in land procurement for industry, a href=http://www.hindustantimes.com/India-news/Kolkata/Tata-s-Singur-remarks-stir-fresh-political-debate/Article1-973853.aspxreported the Hindustan Times/a. [caption id=attachment_560772 align=alignleft width=380 strong/strongWith outgoing Tata Gro
Ratan Tata, the chairman of Tata Group, has said that British industry is being hit by costs and a dying supply chain, in an interview with a British newspaper published on Wednesday. India's Tata group owns Jaguar Land Rover, Tata Steel and Tetley Tea in Britain, and operates 19 companies with a 45,000-strong workforce across Europe, according to its website. [caption id=attachment_545695 align=alignleft width=380 Ratan Tata, the chairman of Tata Gr
Tata Group head Ratan Tata has said that though India had many changes of government, the outlook might not be as bad as one might think. However, Tata, who was awarded an honorary Doctorate of Business from the University of New South Wales, said he feels that the fabric of Indian values and ethics was slowly deteriorating, especially in the business community. [caption id=attachment_539308 align=alignleft width=380 Tata Group head Ratan Tata has said
strongNew Delhi:/strong Tata Group's realty firm Tata Housing Development Company has said US-based Portman Holdings has invested about Rs 65 crore in its luxury housing project in Bengaluru for a minority stake. The company said this is the first private equity funding in its housing projects. Tata Housing has raised equity in Promont (project name), which is valued at Rs 240 crore, from Portman Holdings...for a minority stake in the project, Tata Housing, a wholly-owned subsidiary of Tata Sons, said in a statement. [caption id=attachment_532678 align=alignleft width=380 strongNew Delhi:/strong Tata Group'
Tata Group firm Indian Hotels Company (IHCL) today said it is reviewing the rejection of its takeover bid by the luxury hotels chain Orient-Express (OEH) board and is considering their options with respect to their offer to acquire OEH. Indian Hotels and Montezemolo & Partners on behalf of Charme II Fund today acknowledged the recent announcement by OEH (of rejecting its takeover bid), and are reviewing the position taken by the OEH board and are considering their options with respect to their offer to acquire the hotel, IHCL said in a statement. [caption id=attachment_520968 align=alignleft width=380 Tata Group firm Indian Hotels Compa
Shares in Indian Hotels Company, controlled by the Tata Group conglomerate, dropped as much as 3.8 percent in the early trade on Friday, after the company made an unsolicited $1.2 billion bid for luxury hotels group Orient-Express Hotels. [caption id=attachment_496237 align=alignleft width=380 Shares in Indian Hotels Company, co
After being rebuffed five years ago, the Tata Group Indian Hotels Company has once againplaced an acquisition bid for international luxury hotel chain Orient-Express Hotel. The Indian hotel chain has team up with Charme II Fund, an Italian fund managed by Montezemolo and Partners SpA, and on Thursday sent a letter to Orient-Express Hotels proposing to purchase all outstanding shares of Orient-Express's Class A common stock for $12.63 per share in cash, valuing the deal at around $1.86 billion, including Orient-Express's net debt. Indian Hotels was earlier rebuffed by Orient-Express in a recent approach to take a significant stake in the company. The all-cash deal is a 40 percent premium to the stock's closing price on Wednesday. Orient-Express turned down an offer in 2007 from Indian Hotels to form a strategic alliance. That year, Indian Hotels acquired a 10 percent stake in Orient-Express for about $211.3 million. It now owns about 7 percent. Under the proposed deal, Indian Hotels would contribute $650 million (around Rs 3,500 cr) in cash while the rest would be funded by other Tata group entities and debt from Bank of America, ICICI Bank and Standard Chartered Bank. Italian group Charme II Fund would invest $100 million for a minority stake in the newly combined group. Indian Hotels would also assume Orient-Express debt, which stood at $529.5 million at June 30. The Italian connect is an interesting angle. Accordinga href=http://www.livemint.com/Companies/LQyEgWl8Noic6AGO9MwvtO/Indian-Hotels-makes-186-bn-bid-for-Orient-Express-along-wi.html to a report in Mint/a, Montezemolo and Partners is the family investment vehicle of Luca di Montezemolo, chairman of Ferrari and a close personal friend of Ratan Tata, the chairman of Tata Sons. Tata and di Montezemolo are also directors on the board of Fiat SpA, which owns Ferrari and used to have a tie-up with Tata Motors. Their close friendship also resulted in Fiat and Tata Motors coming together for industrial corporation in India. [caption id=attachment_495769 align=alignleft width=380 After being rebuffed five years ago
strongSrinagar:/strong Ratan Tata, chairman of the Tata Group, said here on Friday that Congress general secretary Rahul Gandhi had opened the door for India Inc. to invest in Jammu and Kashmir. During a meeting with the local entrepreneurs here Friday, Ratan Tata said: Rahul Gandhi has opened not only a window but a door for Indian Inc. to invest in Jammu and Kashmir. We are keen to invest in the state and play our role in its development. Batting for closer coordination between industrial houses and entrepreneurs to venture in the industrial and trade sectors in the state, both Chief Minister Omar Abdullah and Rahul Gandhi said Jammu and Kashmir possesses rich potential for area specific industrialisation. They added that investors have greater opportunities to invest in the state. [caption id=attachment_481563 align=alignleft width=380 strongSrinagar:/strong Ratan Tata,
Tata Group Chairman Ratan Tata today met Jammu and Kashmir Chief Minister Omar Abdullah and expressed his desire to expand his group's activities in the state. Tata arrived in Kashmir this morning for interaction with the students of Kashmir university, a programme being organised by Congress leader Rahul Gandhi. Rahul's delegation includes other top corporate chiefs who will also be addressing the students. The delegation of businessmen includes Ratan Tata, Kumar Mangalam Birla, Azim Premji, Deepak Parekh and Ravi Bajaj. The event aims at allaying the fears of big business houses who want to invest in the state and create jobs in the valley. It has been a real step forward to have a conversation with the great wealth of human capital that exists here. What Mr Gandhi has done is not open a window, but open a door, Tata said. During the breakfast meeting, they explored the possibility of cooperation in information technology, hospitality, agro-product and horticulture sector, officials said. Both agreed that a top-level delegation from the state government and the Tata group will meet soon to discuss mutually beneficial areas. [caption id=attachment_480798 align=alignleft width=380 Tata Group Chairman Ratan Tata toda
strongSrinagar:/strong Tata Group Chairman Ratan Tata today met Jammu and Kashmir Chief Minister Omar Abdullah and expressed his desire to expand his group's activities in the state. During the breakfast meeting, they explored the possibility of cooperation in information technology, hospitality, agro-product and horticulture sector, officials said. Both agreed that a top level delegation from the state government and the Tata group will meet soon to discuss mutually beneficial areas. [caption id=attachment_480755 align=alignleft width=380 strongSrinagar:/strong Tata Group C
Workers from Voltas, a Tata group company, sit during a protest in New Delhi on September 29, 2012. At a time when the Maruti Suzuki car factory is grappling with labour unrest, Tata Group firm Voltas is also facing a similar issue with its workers protesting against the company's recruitment policy and wages. Workers from Voltas, a Tata group c