Tata Sons

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 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. 

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. 

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.''

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.