Mumbai: The outgoing Chairman of the Tata Group Ratan Tata is "rattled" by India's current image emerging from scams and retrospective taxation, and wants the government to give an "irreversible commitment" that law of the land has sanctity. "Never before has India had that kind of image," he said three weeks ahead of his retirement on December 28 after serving the group for 50 years including 21 years as Chairman....
02:52 PM, Dec 09, 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 in implementation of government policy rather than "lashes into the PM", "rapping India", "warning government of inaction" or "venal...
06:15 PM, Dec 08, 2012
Tata Motors has come out with an all new Safari - Tata Safari Storme. On this episode of Overdrive, see what are the new changes Tata Motors have introduced in its new Safari and are the exciting enough. ...
03:58 PM, Dec 08, 2012
Nagendra Magadi Pandu is in recent news. As gets a national award from Bharatiya Dhalitya Sahitya Academy. The award bestowed for Nagendra Magadi Pandu is 'Dr Ambedkar National Fellowship award 2012'. Pandu as he is popularly known as in Kannada film circles will be at Panchasheela Ashrama on 9th and 10th of December for the two days seminar. On 10th evening he is receiving the award from Lok Sabha speaker...
06:59 PM, Dec 06, 2012
Mumbai/New Delhi: Norway's Telenor is in talks to merge its Indian operations with Tata Teleservices to gain a bigger foothold in the world's second-biggest mobile phone market, a source with direct knowledge of the situation said on Tuesday. Telenor, which won rights to operate in six Indian zones in an auction this month after its earlier permits were ordered to be revoked, is looking to take a majority stake in...
12:59 AM, Nov 28, 2012
London: Tata Steel on Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all-weather" steel producer, capable of succeeding in difficult economic conditions. "The proposed changes are expected to lead to a net loss of 900 jobs in the UK, including 580 in South Wales, 155 in Yorkshire, 120 in the West Midlands...
08:20 PM, Nov 23, 2012
Perish the thought that insurance companies cover risk. Private insurance companies in India play so safe it is a wonder they allow the vehicles they ...
08:09 PM, Nov 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 meetings of the Board of Directors decided the changes as per Tata's retirement plans in December 2012. "Effective November 20,...
06:34 PM, Nov 20, 2012
Mumbai: Renowned industrialist Ratan N. Tata condoled the passing away of Shiv Sena chief Bal Thackeray here. In a statement late Saturday night, Tata expressed his admiration for the 86-year-old Thackeray and described him as "a strong leader of his people". "Balasaheb Thackeray was a strong leader of his people - respected and admired by many. He was outspoken but driven by his principles," Tata said in his tribute. Expressing...
10:01 AM, Nov 18, 2012
Mumbai: Calling him a "strong leader" respected and admired by many, Tata Sons Chairman Ratan Tata on Saturday condoled the death of Shiv Sena patriarch Bal Thackeray. "Mr Balasaheb Thackeray was a strong leader of his people respected and admired by many. He was outspoken but driven by his principles," Tata Sons Chairman Ratan N Tata said in a condolence message. "My condolences go out to the members of his...
09:22 PM, Nov 17, 2012
For the festive season, Tata Motors has launched a special edition of the Nano in India. The special edition LX variant now gets alloy wheels, new decals, glove boxes for both the driver and passenger and a twin speaker audio system with MP3, USB and AUX-in. Additionally Tata claims to have improved the suspension setup, added an anti-roll bar at the front and made the car easier to steer. The...
11:59 AM, Nov 10, 2012
New Delhi: Orient-Express Hotels Ltd rejected a $1.2 billion takeover offer from Indian Hotels Co Ltd as too cheap and appointed a new chief executive, saying that it was confident of its prospects as an independent company. The hotel and restaurant owner, whose properties include the Hotel Cipriani in Venice and the '21' Club in New York, has a history of rebuffing takeover approaches. Its shares closed down 11 per...
07:21 AM, Nov 09, 2012
Mumbai: Tata Motors said its plan to roll out the CNG and diesel variants of Nano is on track and the small car is gradually gaining popularity in new segments. "Plans in this regard are not on hold. We have talked about both of those variants.... The Nano CNG is within the sight of first half of next calendar year," Tata Motors Managing Director (Domestic) Karl Slym told reporters here....
11:16 AM, Nov 08, 2012
Don't write off the Aria yet because Tata has an ace up its sleeve. We have learned from sources that a mini-Aria is being developed. The MPV is expected to be in the same league as the Quanto, Ertiga and Innova in terms of size and price. Tata Motors has realised the potential of the budding MPV market under Rs 10 lakh where the Ertigas scripting its success story. The...
10:35 AM, Nov 07, 2012
New Delhi: Infosys founder NR Narayana Murthy on Tuesday clarified that no funds were donated to the Public Cause Research Foundation, an organisation led by IAC leader Arvind Kejriwal for any political activities as reported by a section of the media. "When Kejriwal approached me in September 2012 asking for financial assistance, I declined. Hence, I have not financially supported Mr Kejriwal's political activities," stated Murthy. A released statement had...
03:58 PM, Nov 06, 2012
Bhubaneswar: Two days after CNN-IBN exposed how recovery of fines amounting to thousands of crores are due from miners who did excess mining, pressure is building on the Naveen Patnaik government in Odisha. Union minister Srikant Jena is now demanding the Chief Minister's resignation. The Odisha government has been forced to admit that loss to the state due to excess mining amounts to Rs 67,900 crore. Of this the biggest...
07:42 AM, Nov 06, 2012
New Delhi: The Tata Social Welfare Trust (TSWT) on Monday said it did not donate any money for political activities to the Arvind Kejriwal founded NGO -- Public Cause Research Foundation. It, however, said TSWT had in 2008 agreed to grant Rs 1.25 crore for a five-year period to institute National RTI Awards by the NGO but turned down request for using some of the money for other purposes. TWST...
07:40 PM, Nov 05, 2012
Washington: At a time when unemployment is a major issue in the US due to its poor economic status, Indian companies through its massive investments in America have created 50,000 jobs in the country, a top US diplomat said. "Our economic relationship is very much a two way street. Both of us are focused on attracting growth and investment to our shores. Indian owned Tata factory in Ohio puts thousands...
09:50 AM, Oct 27, 2012
Mumbai: Ratan Tata is not easing gently towards retirement. Two months before he relinquishes the reins at India's largest business house, the Tata Group's Indian Hotels Co Ltd has made an unsolicited and unexpected $1.2 billion bid for luxury hotel group Orient-Express Hotels Ltd. The offer, priced at a 40 per cent premium, may prove the final bold move for Tata, who has built the software-to-steel conglomerate into the country's...
01:31 AM, Oct 20, 2012
