New Delhi: Some of India's biggest tycoons are set to make their case to Prime Minister Manmohan Singh on Wednesday on how to resolve the country's worsening electricity crisis, adding pressure on a government blamed for neglecting major policy initiatives. Reliance Power Chairman Anil Ambani, Adani Power chief Gautam Adani and Tata group Deputy Chairman Cyrus Mistry are among the leaders of private power firms in an industry delegation also...
02:59 PM, Jan 18, 2012
New Delhi: The Nano is not a flop, its creator Ratan Tata said on Thursday, but he acknowledged that his Tata Motors failed to capitalise on the early excitement surrounding the launch of the world's cheapest car. In a wide-ranging briefing with journalists, Tata, who will retire in December as head of the Tata Group, India's biggest business house, also said the steel-to-software conglomerate had paid a price for not...
04:10 AM, Jan 06, 2012
New Delhi: Claiming that Nano wasn't a flop, Tata Sons Chairman Ratan Tata on Thursday admitted that the company wasted an early opportunity on the car. In a meeting with editors on the sidelines of the Auto Expo, which started in Delhi on Thursday, Tata said the Nano wasn't a flop. He said all the issues with the car will be sorted out in the coming upgrades and Nano variants....
03:34 PM, Jan 05, 2012
New Delhi: Tata Group's Chairman Ratan Tata on Monday said that the government's anti-inflation steps hit growth and demand and India was fortunate to show continued economic growth despite global slowdown. "Anti-inflation measures tightened money supply, restricted credit. Anti-Inflation steps hit growth and demand. Political conflicts and policy uncertainties have hit investments," Tata said. "2011 was a year of great conflict within India. Investments have slowed down in infrastructure. Tata...
05:34 PM, Jan 02, 2012
New Delhi: Leading industrialists met Prime Minister Manmohan Singh on Thursday amid concerns over the slowdown in the economy and shrinking industrial output. The Prime Minister assured them that the government was determined to get back on the growth path. However, he also hit out at industry leaders for their "negative comments" on government policies, saying it has "added to the uncertainty" but admitted that evolving of consensus on issues...
09:35 AM, Dec 23, 2011
Mumbai: A Dalit businessman Ratilal Makhwana, who fought against caste barriers in his profession, now owns three companies with an annual turnover of a whopping 400 crores. When Makwana started his business 30 years ago, he least expected untouchability to be a hindrance in his growth trajectory. "When we got a government contract, manufacturers boycotted our inauguration," Makhwana said. Today Makwana owns three plastic goods companies with a turnover of...
09:46 AM, Dec 18, 2011
Mumbai: Tata group Chairman Ratan Tata on Saturday said India Inc should assist small entrepreneurs, especially those from the Dalit community, to become global entrepreneurs. "We should all assist in letting small enterprises, especially those from the Dalit community, to become big and global enterprises," Tata said. "Everyone in the country should help the young entrepreneurs and help them share the prosperity of the country," Tata said at a trade...
10:07 PM, Dec 17, 2011
The passing of a crown is always a delicate affair. In 1991, when JRD Tata handed his to Ratan Naval Tata, his courtiers had rebelled. It took time for RNT to subdue the satraps and prove JRDs decision on his successor was perhaps his finest. But then JRD was always renowned for his ability to pick men. The circumstances around anointing RNTs successor exactly two decades later were rather different....
10:47 AM, Dec 13, 2011
Just minutes before the world heard the news of the new chairman-in-waiting, Ratan Tata had individually called each of his leading CEOs in Bombay House on the phone to inform them about the board's decision. Many were stunned. Cyrus Mistry's long-standing assistant Vasu at SP Centre, the group's HQ in South Mumbai, too had fielded calls from senior colleagues across the SP Group asking if the news was true. Vasu...
03:01 PM, Dec 02, 2011
New Delhi: Tata Group chairman Ratan Tata on Thursday batted for foreign direct investment in retail, saying that political differences should not stop the progress of India. He posted a tweet saying, "Political differences and vested interests should never be allowed to stand in the way of Indias economic progress." Tata further said that the extraordinary momentum achieved must never be diminished. In another tweet he said, "We should never...
08:53 PM, Dec 01, 2011
New Delhi: Cyrus Mistry, the next chief of the sprawling Tata empire, will have the responsibility of setting the pace and ensuring overall business continuity amid global economic headwinds, feel experts. At the same time, they feel that the one-year period under the guidance of iconic Ratan Tata would provide 43-year-old Mistry with an opportunity to closely understand the intricacies of running a salt-to-software conglomerate of this size and stature....
12:15 PM, Nov 27, 2011
Mumbai: The next chairman of India's venerable salt-to-software conglomerate Tata Group will be an insider and a family member by marriage. India's biggest corporate house had mounted a global search that lasted more than a year for a successor to Chairman Ratan Tata, but ended up tapping Cyrus Mistry, whose father is the biggest shareholder in the Tata Sons holding company. Mistry, 43, was named deputy chairman of Tata Sons...
12:02 PM, Nov 24, 2011
Mumbai: A number of Tata stocks opened on a strong note on Thursday, a day after Cyrus Mistry was named as successor to Ratan Tata as the group head, but could not sustain the gains in a weak market. However, a few like Tata Power, Tata Coffee and Trent were holding onto gains in early morning trade. The most valued Tata company, IT giant TCS saw its share price rising...
10:20 AM, Nov 24, 2011
Mumbai: Former Tata Steel MD JJ Irani has praised Tata Sons Chairman Ratan Tata's surprise decision to appoint 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry as his successor. This is the second time that the group will have a non-Tata at the helm of affairs in its 143-year history. Giving a thumbs up to Mistry, JJ Irani said, "He is very open, he is correct, he...
06:10 AM, Nov 24, 2011
Mistry's biggest challenge will be to maintain the pace of internationalisation of the Tata group says JJ Irani. ...
11:19 PM, Nov 23, 2011
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