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SC sets aside NCLAT order restoring Cyrus Mistry as Tata Group’s executive chairman
India

SC sets aside NCLAT order restoring Cyrus Mistry as Tata Group’s executive chairman

Mistry had succeeded Ratan Tata as chairman of Tata Sons in 2012 but was ousted four years later

Supreme Court to deliver verdict in Tata Sons-Cyrus Mistry case today
Business

Supreme Court to deliver verdict in Tata Sons-Cyrus Mistry case today

Cross appeals were filed by Tata Sons and Cyrus Investments against the NCLAT order which had restored Mistry as the executive chairman of the Tata group

Happy birthday Ratan Tata: As Chairman Emeritus of Tata Sons’ turns 83, wishes pour in on Twitter
India

Happy birthday Ratan Tata: As Chairman Emeritus of Tata Sons’ turns 83, wishes pour in on Twitter

Union minister Ramesh Pokhriyal Nishank wished the veteran businessman stating that Prime Minister Narendra Modi recently praised the Tata Group for playing an important role in India's development.

Tata Sons vs Cyrus Mistry: CJI SA Bobde discloses his son appears for Shapoorji Pallonji Group firm
Business

Tata Sons vs Cyrus Mistry: CJI SA Bobde discloses his son appears for Shapoorji Pallonji Group firm

However, the lawyers appearing in the case on behalf of both the parties expressed that they had no objection to a CJI-led bench hearing the case

Nearly seven decades after exit, Tata Group seeks to board Air India yet again
Business

Nearly seven decades after exit, Tata Group seeks to board Air India yet again

Today is the last day for submission of Expression of Interest for Air India. The Tata Group is currently operating two airlines: the full service carrier Vistara and AirAsia India

Fresh twist in Tata-Mistry tussle: Hours after SC orders status quo on shares, SP group says 'time to separate'
Business

Fresh twist in Tata-Mistry tussle: Hours after SC orders status quo on shares, SP group says 'time to separate'

This development comes just hours after the Supreme Court restrained till 28 October the SP group and Cyrus Mistry from pledging or transferring their shares in Tata Sons Pvt Ltd

Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent
Business

Silver Lake invests an additional Rs 4,546-cr in Jio Platforms, raises stake in Reliance Industries' digital arm to 2.08 percent

The deal adds to a pile of funds raised by Jio in recent months and comes close on the heels of Abu Dhabi sovereign fund Mubadala Investment Company injecting Rs 9,093.6 crore on 4 June.

Tata Group ties up with SCTIMST for commercial production of COVID-19 testing kits
Business

Tata Group ties up with SCTIMST for commercial production of COVID-19 testing kits

The Tata Group has entered into a partnership agreement with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an institute of national importance, for commercial production of COVID-19 testing kits

Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
Business

Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board

The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group

Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar
Business

Jio Platforms attracting funds from Facebook, Silver Lake, Vista Equity, highlight Mukesh Ambani's digital-era venture capitalist avatar

In the new normal for Reliance Industries Limited, investors in Jio Platforms like Silver Lake and Vista Equity are more like knowledge and network partners.

Tata's IHCL opens up hotels to medical professionals; 7 establishments across Noida, Mumbai, Goa, Agra to offer rooms
India

Tata's IHCL opens up hotels to medical professionals; 7 establishments across Noida, Mumbai, Goa, Agra to offer rooms

Days after Ratan Tata and Tata Sons announced Rs 1,500 crore contribution for the fight against coronavirus, the group has now opened its hotels for medical staff treating Covid-19 patients.

Meeting with Indian CEOs, Donald Trump says US govt committed to reduce 'regulations', will eye more overseas investments
Business

Meeting with Indian CEOs, Donald Trump says US govt committed to reduce 'regulations', will eye more overseas investments

Trump said that China is working very hard to contain coronavirus outbreak and it looks like they are getting it more and more under control.

AGR dues: DoT likely to send notice to Tata Teleservices soon; SC to hear telecom players' pleas on 17 March
Business

AGR dues: DoT likely to send notice to Tata Teleservices soon; SC to hear telecom players' pleas on 17 March

The Supreme Court will hear the modification pleas, filed by telecom operators, namely Tata Teleservices, Vodafone Idea and Bharti Airtel on the AGR ruling, on 17 March.

Cyrus Mistry files appeal in Supreme Court; says his family deserved more relief from NCLAT
Business

Cyrus Mistry files appeal in Supreme Court; says his family deserved more relief from NCLAT

Less than a month after the Supreme Court stayed an order reinstating him as Tata Sons chairman, Cyrus Mistry has moved the apex court seeking removal of many anomalies in the NCLAT order, saying his family deserved more relief from the tribunal

TGBL renamed Tata Consumer Products; to spearhead FMCG ambitions of $113 bn Tata Group
Business

TGBL renamed Tata Consumer Products; to spearhead FMCG ambitions of $113 bn Tata Group

Two Tata group firms — Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited (TCL) on Monday announced that the scheme of arrangement between them regarding the Consumer Products Business of TCL is now "operational" effective from 7 February, 2020

Air India stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline
Business

Air India stake sale: Tata Sons chief N Chandrasekaran say it's too early to take a call on bid for national airline

The Central government last month issued a preliminary information memorandum (PIM), initiating the process to divest its entire stake in Air India

Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India
Business

Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India

While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

Remove tags to get more women into workforce, policy changes needed: Tata Sons Chairman N Chandrasekaran
Business

Remove tags to get more women into workforce, policy changes needed: Tata Sons Chairman N Chandrasekaran

There are lots of 'tags' in India such as 'women cannot do this (kind of jobs); this is only for men,' and all of them have to be removed, he said.

Tata Sons likely to pay Tata Teleservices' AGR dues of Rs 13,823 cr, company to approach TCS for funds: Report
Business

Tata Sons likely to pay Tata Teleservices' AGR dues of Rs 13,823 cr, company to approach TCS for funds: Report

Two weeks ago, Tata Sons was trying to raise around Rs 14,000 crore from banks and through internal accruals to pay the AGR dues of Tata Teleservices before the 23 January deadline.

Tata-Mistry: Supreme Court stays NCLAT order dismissing RoC plea seeking modification of verdict
Business

Tata-Mistry: Supreme Court stays NCLAT order dismissing RoC plea seeking modification of verdict

The Supreme Court Friday stayed the order of appellate tribunal NCLAT which had dismissed the plea of Registrar of Companies seeking modification of its verdict in the Tata-Cyrus Mistry case