Tata Sons

  • AirAsia India gets its first aircraft March 22, 2014

    Chennai: The first aircraft of the private airline AirAsia India, an Airbus A320 landed at the domestic airport in Chennai on Saturday, the company said. The aircraft configured with an all economy layout of 180 seats from the Airbus factory in Toulouse landed at 9.25 a.m. and was given a water...
  • Tata Sons withdraws its bank licence application: RBI November 27, 2013

    New Delhi: Tata Sons has withdrawn its application for setting up a bank, saying its current financial services model best supports the needs of the group's domestic and overseas businesses. The withdrawal by Tata Sons leaves over two dozen applicants, including Anil Ambani Group and Aditya Birla Group, in the race...
  • FIPB approves Tata-Singapore Airlines joint venture October 24, 2013

    New Delhi: The government on Thursday gave a green signal to Singapore Airlines' proposal to start an aviation venture with Tata Sons entailing an initial foreign investment of $ 49 million. "It (Tata-SIA proposal) has been cleared," Economic Affairs Secretary Arvind Mayaram told reporters after a meeting of the Foreign...
  • Tatas in race for Chennai, Kolkata airport projects September 25, 2013

    Tata Sons is set to make another big splash in aviation after its recent foray with Singapore Airlines and Air Asia. CNBC TV 18 learns that Tata Group is likely to bid for 100% stake in two airport projects, i.e they are planning to bid for the governments stake in...
  • Tata, Birla among 26 companies in race for bank license July 2, 2013

    Mumbai: Tata Sons, India's biggest business group, and firms controlled by billionaires Anil Ambani and Kumar Mangalam Birla are among the 26 companies that have applied for a license to open banks. Ambani's Reliance Capital has applied for a banking license along with Japan's biggest life insurer Nippon Life Insurance...
  • AirAsia moves a step closer to launching operations in India June 10, 2013

    London: AirAsia India moved a step closer to securing permission to launch operations in the country, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application had been resolved. "All matters on AirAsia India have been resolved. The proposal has been sent to the Union...
  • AirAsia India has appointed CEO: Tony Fernandes April 22, 2013

    Mumbai: Low cost carrier AirAsia on Sunday said that the AirAsia India board has approved and appointed a Chief Executive Officer for the Indian subsidiary. Earlier, an airlines spokesperson had said that the airline had not yet appointed a CEO for AirAsia India. "The board of Airasia India has approved and...
  • AirAsia-Tata JV may face procedural issues: Ajit Singh March 6, 2013

    New Delhi: AirAsia Bhd's planned joint venture in India with Tata Sons could face some procedural problems, Aviation Minister Ajit Singh said on Wednesday, without elaborating. However, Singh said he does not see any other major hurdles for the venture in India. India's Foreign Investment Promotion Board is scheduled to meet...
  • AirAsia seeks govt permission to launch airline with Tatas February 20, 2013

    Kuala Lumpur: Malaysian budget carrier AirAsia on Wednesday sought the government's approval to launch an airline with the Tata Group. AirAsia will hold a 49 per cent stake in the joint venture with the third partner being Telestra Tradeplace. The Asia's biggest budget carrier said that it was seeking approval to...
  • No point spoon-feeding the investor: S Mahalingam February 13, 2013

    Seturaman Mahalingam Age: 65 Education: Chartered Accountant Last Position: Chief financial officer, TCS Career: Managed key functions, including marketing, operations, human resources Interests: Reading, travelling, golf Q: You have spent 42 years in one company. Such long stints are hard to see these days. A: When I joined TCS, there were just 25 consulting staff. We...
  • Talk Asia: Ratan Tata on the 12-fold rise in Tata empire December 29, 2012

    Ratan Tata, who retired on December 28, 2012 speaks about the legacy of his family and the huge business empire.Ratan Tata, who retired on December 28, 2012 speaks about the legacy of his family and the huge business empire. ...
  • Ratan Tata retires on 75th birthday, holidays in Pune lakehouse December 28, 2012

    Twenty one years after he took over the reins of Tata Sons, Ratan Tata retired on Friday, his 75th birthday. ...
  • Tata Sons appoints Cyrus Mistry as chairman from Dec 28 December 18, 2012

    New Delhi: Tata Sons, the promoter of major operating companies of the salt-to-software conglomerate, on Tuesday announced appointment of Cyrus P Mistry as its Chairman with effect from December 28 following retirement of Ratan N Tata. "The Board of Directors of Tata Sons today announced the appointment of Cyrus P...
  • Be your own man: Tata's advice to Mistry December 14, 2012

    Mumbai: Be your own man, Ratan Tata has advised Cyrus Mistry, who will succeed him at the helm of the $100 billion Tata group two weeks from now. "I don't think it is right to have a ghost to shadow over somebody," said Tata, dismissing any notion that his larger-than-life...
  • Tata denies using strong words against PM December 8, 2012

    New Delhi: Tata Sons on Saturday issued a clarification denying that group Chairman Ratan Tata had used words such as 'venal' business environment or accused the government of 'inaction' in media interviews. "Tata Sons clarifies that in Ratan N Tata's interview with (a leading British financial) daily, he spoke about coherence...
  • Ratan Tata steps down as Chairman of Tata Global Beverages November 20, 2012

    Mumbai: Tata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company. In two separate filings to the BSE, the two firms said the respective...
  • Starbucks opens first India store in Mumbai October 19, 2012

    Mumbai: Starbucks inaugurated its first store in India on Friday in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers. "It is perhaps the most elegant, beautiful, dynamic store we've opened in our history," chief executive Howard Schultz said...
  • Ratan Tata to attend his last AGM as Chairman August 31, 2012

    New Delhi: Ratan Tata will be attending his last Annual General Meeting (AGM) as Chairman of the Tata group on Friday. He will preside over the Tata Tea AGM in Kolkata. Tata is set to retire as chairman in December 2012 and 44-year old Cyrus Pallonji Mistry, who is the...
  • Ratan Tata's audacious philanthropic retirement plans August 21, 2012

    One does not attain freedom from the bondage of Karma by merely abstaining from work. No one attains perfection merely by giving up work Because no one can remain actionless even for a moment. Everyone is driven to action, helplessly indeed, by the Gunas of nature The deluded ones, who restrain their organs of action but mentally...
  • Ratan Tata gets Lifetime Achievement Award June 27, 2012

    New York: Tata Sons Chairman Ratan Tata has been awarded a Lifetime Achievement Award by the prestigious Rockefeller Foundation here for innovation in philanthropy. The Foundation, celebrating 100 years of global innovation, honoured individuals and institutions with its second annual Innovation Awards here yesterday. Speaking on the occasion, Tata said businesses should...
  • Tata Sons: passing the baton to Cyrus Mistry January 1, 2012

    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 JRD’s decision on his successor was perhaps his finest. But then JRD was always...
  • Tata Sons: A step in a new direction December 2, 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...
  • Cyrus Mistry's task: Set the pace, ensure growth November 27, 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...
  • Global search for Tata chief ends close to home November 24, 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...
  • Tata group stocks subdued in weak market November 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...
  • Tata watchers give thumbs up to Cyrus Mistry November 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...
  • Ratan Tata picks Cyrus Mistry to succeed him November 25, 2011

    Mumbai: Tata Sons Chairman Ratan Tata has appointed 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry his successor. Mistry will work with Ratan Tata over the next year and take over from him when Tata retires in December 2012. The Board of Directors of Tata Sons at its...
  • Do we need judicial activism? September 2, 2011

    An Active Judiciary Is A People’s Right The hallmark of a great nation is its institutions. The stronger the ability of these institutions to uphold and preserve fundamental values, the greater the nation would be. When India’s founding fathers wrote the Constitution, they created three arms — Parliament, Executive and the Judiciary...
  • Ratan Tata to retire; search for successor on August 4, 2010

    New Delhi: Tata Sons on Wednesday said it has set up a panel to search for a successor to Group Chairman Ratan Tata, who is due to retire in December 2012. The move comes within days of elevation of Noel Tata, Ratan Tata's half-brother, as head of the $ 72...
  • Tata admits Jaguar Land Rover deal was bad timing May 10, 2009

    London: Tata Sons chairperson Ratan Tata says he may have overstretched himself in paying ₤1.15 billion for Jaguar Land Rover just as a recession loomed. "If one had known there was going to be a meltdown, then yes [Tata went too far] but nobody knew," he told the Sunday Times newspaper...