Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June
Shares of various Tata group companies on Thursday bounced back to close with gains of up to 3 percent a day after an NCLAT ruling that reinstated Cyrus Mistry as chairman of main group holding company Tata Sons sent the stocks down
Shares of various Tata Group companies remained under pressure on Thursday as well, falling up to 2 percent in morning trade, after the National Company Law Appellate Tribunal (NCLAT) restored Cyrus Mistry as Tata Sons Chairman
Various Tata Group stocks tank up to 4% after NCLAT restores Cyrus Mistry as Tata Sons head; TCS shares up marginally
Tata Global Beverages tanked 4.14%, Tata Coffee plunged 3.88% and Tata Motors dropped 3.05% on the BSE.
Tata Group's hospitality arm IHCL ties up with Singapore's GIC to invest Rs 4,000 cr in hotel acquisitions
Tata Group's hospitality arm IHCL on Friday said it has tied up with Singapore's sovereign wealth fund GIC to invest Rs 4,000 crore to acquire hotels
#MeToo: Former Taj Hotel employee alleges sexual harassment against former CEO Rakesh Sarna; matter being investigated, says Tata Group
Writing for a leading English daily, Anjuli Pandit, a former executive assistant to ex-MD & CEO of Taj Hotels, Rakesh Sarna, claimed she reached out to Taj board members, Tata Group Executive Council members, the chairman and the senior-most HR official with her complaint against Sarna.
SoftBank-backed Oyo is in the market to raise about $1bn; looming deal will spawn another Indian unicorn
Oyo is reportedly in talks with two consortia to raise between $500 million and $1 billion.
It would impose restriction on the free transferability of shares held by the companies in Tata Sons and investors would "face greater challenges" in disinvesting their shareholding in Tata Sons, a letter from Mistry family said.
The new brand architecture is designed to honour the over 100-year legacy of Taj and to realign its vision of building a globally-reputable chain of world-class hotels.
Tatas now plan to call an Extraordinary General Meeting (EGM) of each such listed company where Mistry has not been shown the door, to oust independent directors and seek shareholder nod for removing Mistry from Chairmanship
In its letter, Tata Sons had alleged that Mistry was trying to gain control of the group's main companies and regretted its decision to appoint him as chairman four years ago.
On Friday, at least three news photographers were injured at the premises of Bombay House, after they were beaten up by the Tata security staff
Amid chaos and skirmishes between the security guards and the media outside Bombay House here, Indian Hotels held its board meet with Cyrus Mistry in the chair -- the first for a Tata Sons firm after the 49-year-old industrialist was ousted as the group chairman.
Atul Kamble, a photographer with Mid-Day newspaper, who was present at the spot said the incident began immediately after Mistry went inside to attend the meeting. “They came back and started hitting photo journalists. They were even chasing the journalists to attack them. In my 20 years of journalistic career I have never seen anything like this happening at the Bombay House premises,” said Kamble.
A scuffle broke out between security personnel at Bombay House and photographers trying to click pictures of ousted Tata Sons Chairman Cyrus Mistry, injuring one of them, ahead of the board meeting of Tata group firm Indian Hotels Company Ltd here today.
Kumar was a member of the Group Executive Council (GEC) of Tata Sons Ltd and was responsible for strategy at the group level
After being booked to stay at the Waldorf-Astoria during the UN General Assembly, Prime Minister Narendra Modi's office is apparently having second thoughts
Tata Group-run Indian Hotels Company Limited (IHCL) has pulled out from managing Taj Palace Marrakech in Morocco just two years after it bagged the deal to manage the 161-room five-star hotel.<br />
The New Delhi Municipal Council (NDMC) on Thursday deferred the public auction of Taj Mansigh after the Union home ministry wrote to the civic body to cancel Tata-owned Indian Hotels Company's first right of refusal as it may result in lower bids in the public auction.