Photo: The Times of India
Tata Group Wins Bid For Air India: Report
The government of India has reportedly accepted the proposal of Tata Group's bid for Air India. Tata Group was already the front runner in the bid, among many others including SpiceJet'. The bids were evaluated by a panel headed by Union Finance Minister Nirmala Sitharaman and including Aviation Minister Jyotiraditya Scindia and Commerce Minister Piyush Goyal. The reverse price of Air India was likely between the range of 15,000-20,000 crores… read-more
Tags: Air India, Tata groups, SpiceJet Airlines
Courtesy: The Times of India
Photo: The News Minute
Winning Bid For Air India To Be Announced By Oct 15; Tata Main Contender
After the biddings closed for Air India on September 15, the government has decided to declare the results latest by October 15. Till now, the Tatas are seen as the front runners for Air India's disinvestment plan by the Central govt. However, the final draft for Air India's winning bid would require Home Minister-headed GoM's nod. Meanwhile, the Airline has reported Rs 7,982.83 crore as a net loss in FY20.
Tags: Tata groups, Air India, Ratan Tata, Central Government, Airlines
Courtesy: CNBC TV18
Photo: Financial Express
Industrialists Pledge Nearly Rs 10,000 Cr In Jharkhand Inventors' Meet
During the Investors' Meet organized in Jharkhand on August 28, CM Hemant Soren said that the state is expected to receive Rs 10,000 crore from the industrialists along with creating nearly two lakh jobs. Industry giants like TATA, Vedanta, and Dalmai have pledged to invest thousands of crores in Jharkhand under the Jharkhand Industrial and Investment Promotion Policy (JIIPP). The Chief Minister said that investment will boost major sectors… read-more
Tags: CM Hemant Soren, Investors' Summit, Tata groups, Job creation
Courtesy: The Economic Times
Photo: Indian Express
Tata Group's 'Taj' Recognised As World's Most Powerful Hotel Brand
Mumbai's iconic hotel, Taj, has been rated as the most Powerful Hotel Brand in the World by the Brand Finance. In the 'Hotel 50 2021' report, Taj has received 89.3 points out of 100 with a 'AAA' rating for customer familiarity, employee satisfaction, corporate reputation and world-class customer service. We will continue our endeavour to elevate the world-class experiences of luxury, said Puneet Chhatwal, the CEO of Indian Hotels Company.
Tags: Mumbai, Taj Hotel, Brand Finance, Tata groups
Courtesy: Zee News
Photo: India TV
Cyrus Mistry Urges SC To Review Judgement Over His Removal From Tata
Shapoorji Palonji Group led By Cyrus Mistry has approached the Supreme Court seeking a review of the judgment made in the favour of the Tata Groups. The apex court had earlier backed the removal of Mistry from the chairman post of Tata Groups, after a long high-profile legal battle between the two entities. "I am personally disappointed by the outcome of the judgment," Mistry had stated.
Tags: Cyrus Mistry, Tata groups, Supreme Court, Ratan Tata
Courtesy: NDTV
Photo: Industry Week
Tata's Jaguar To Launch 10 New Products In 2022
Jaguar Land Rover (JLR), owned by the Tata Group, is aiming to launch 10 new products in 2022. The new products will include both, new generation cars and SUVs, and the upgraded version of existing models. Rohit Suri, president and director, JLR, stated that the models will have new facelifts, body designs, and power trains. Notably, the luxury British automaker aims to be an all-electric car brand from 2025.
Tags: JAGUAR LAND ROVER CARS, Electric cars, Automobile, Tata groups
Courtesy: Hindustan Times
Photo: Silicon Republic
TCS Gifts 2nd Salary Hike To Employees In Six Months
Software Mogul Tata Consultancy Services has become the first IT Services company to announce increment for FY22 for all its employees, effective from April 1. Reportedly, the decision came after the company recorded a 7% increase in its net profit during third quarter, highest in last nine years, despite COVID-19 uncertainties. The salary hike will help employees with a 12-14% average increment in six months' time. Earlier, the company had … read-more
Tags: TCS, Tata groups, salary, QUARTER PROFITS
Courtesy: LiveMint
Photo: Next Big Brand
Tata Group Plans To Acquire 68% Stake In Virtual Grocer 'BigBasket'
Indian conglomerate Tata Group has inked an agreement with online grocery platform BigBasket acquiring 68% stakes for Rs 9,500 crore. Resultantly, BigBasket's enterprise value clocked beyond Rs.13,500 crores. The new development arrived amidst speculations suggesting Tata Group's possible venture into the e-commerce arena, currently reigned by Grofers, Amazon, and Flipkart. While the rival Reliance Retail is also advancing invasions in the… read-more
Tags: Tata groups, BigBasket, E-commerce, Amazon, Flipkart, Reliance Retail
Courtesy: The Hindu
Photo: Business Insider
Amazon Plans To Invest $100 Mn In Apollo Pharmacy
The e-commerce giant Amazon has planned to invest $ 100 million in India's Apollo Pharmacy. As per reports, the speculation comes in the midst of Amazon's increasing competition with Reliance, which had acquired shares in the online pharma company Netmeds. Moreover, Tata groups have been planning to invest in the e-pharmacy firm 1 mg. Both the firms - Amazon and Appolo Pharmacy - have refrained from commenting.
Tags: Apollo Pharmacy, Amazon.in, Reliance, Tata groups, Netmeds, 1mg
Courtesy: Reuters
Photo: The News Minute
TATA Group Releases Its Covid-19 Test Kits, Will Ensure Availability By Dec
A healthcare unit of TATA Group, TATA Medical and Diagnostics, on November 9 unveiled its COVID-19 test kits. CEO Girish Krishnamurthy noted that the kit takes a total of 90 minutes to give the results of tests and will be available at labs and hospitals from December 2020. Krishnamurthy added that the government-approved kits will be produced at its Chennai plant which has a production capacity of one million kits per month.
Tags: Tata groups, Covid-19
Courtesy: Reuters
