In the ongoing death case of Tata Sons chairman Cyrus Mistry, a team of Mercedes experts from Hong Kong has arrived at Mercedes showroom in Thane to inspect the controversial car crash. The team will submit a report to the Mercedes Benz Company, following the inspection. On September 4, Mistry along with three others, was travelling from Ahmedabad to Mumbai in car. The road accident left two dead.
Cyrus Mistry who was brought to a government hospital in Kasa, reportedly suffered head injuries, informed the doctor who attended him. Reportedly, former Tata Sons chairman rammed his car into a divider, was declared “brought dead” at the hospital. The Palghar police stated that the business tycoon was en route from Ahmedabad to Mumbai in his car. Meanwhile, of the four persons travelling in the car, two died on spot.
Tata Sons chief Natarajan Chandrasekaran was appointed as chairman of Air India. Before heading Tata Sons, Chandrasekaran was the chairman of Tata Consultancy Services. Earlier, Ilker Ayci, former chairman of Turkish Airlines, had turned down the Tata Group's offer to be the CEO and MD of Air India. Notably, the Tata Group had emerged as the winning bidder for 100% of Air India in 2021.
Courtesy: The Times of India
Tata Son's N Chandrasekaran has been reappointed as the Chairman of the company. His tenure has been extended for another 5 years, on February 11. The Tata Son Pvt Limited Board with special invitee Ratan Tata, approved the appointment based on the performance of N Chandrasekaran, who is leading the ecommerce app project. Chandrasekaran who joined Tata Sons in 2016, became Chairman in 2017 and expressed gratitude over his reappointment.
Courtesy: Live Mint
After being announced as the highest bidder of Air India with Rs 18,000 crore, Tata Sons Private Limited took over Air India, officially, on January 27. Tata Sons Chairman N Chandrasekhar reached Delhi and signed the agreement to officially be the owner of Air India airlines, from the Government of India. Notably, this is a historic moment for Tata Sons, as Air India returns to its founders after 68 years.
The Competition Commission of India, on December 20, approved Tata Company to acquire 100% acquisition of Air India. CCI also gave green signal to acquire 50% shares of Air India SATS Airport services Pvt Ltd. After the highest bid of Rs 18,000 crore in Air India, Tata took over Air India in October. Meanwhile, the Tatas will pay Rs 2,700 crore and clear Rs 15,300 crore debt.
Courtesy: The Indian Express
Aviation Ministry & DIPAM Secretary said on October 8 that Tata-Sons' subsidiary Talace Pvt Ltd won the bid of Rs 18,000 crore to re-acquire Air India. Reportedly, the conglomerate won the bid more than 85 years after ceding control to the government. Ratan Tata wrote on Twitter, ''Tatas will have the opportunity of regaining the image and reputation it enjoyed in earlier years.''
Courtesy: Republic World
Ratan Tata, the chairman of Emeritus of Tata Sons has clarified that he never said, ''Liquor sales should be sold through Aashaar card'' following some miscreant netizens claimed that Tata said so. The 83-year-old tycoon also shared the screenshot of the fake claim on his Instagram account and wrote, ''This wasn't said by me. Thank you.'' The post also claimed, ''Government food subsidies should be stopped for alcohol buyers.''
Tata Digital Ltd, a unit of Tata Sons, has acquired a majority stake worth Rs 9,500 crore in online grocery store BigBasket. Although the company refused to give further details, it reportedly had picked up 64.3% stake in the deal after securing an approval by the Competition Commission of India. As per sources, Tata is also planning on launching a "super app" to tie the conglomerates together.
Courtesy: The Economic Times
The Competition Commission of India on April 29 approved the acquisition of Alibaba Group backed online grocery seller BigBasket by Tata Sons Pvt Ltd. Reportedly, Tata Digital, a wholly owned subsidiary of Tata Sons will acquire 64.3% of a unit that handles business-to-business sales for BigBasket. Coming at a time when the e-grocery sector is at its peak due to pandemic, the conglomerate will compete with Amazon and Walmart.