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Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner India's richest businessmen, led by rivals Mukesh Ambani and Gautam Adani, will join G20 leaders at a dinner in the capital on Saturday, as the South Asian nation showcases its position as the world's fastest growing major economy. Prime Minister Narendra Modi has sought to wield leadership of the G20 grouping of the world's most powerful economies to promote India as a destination for trade and investment, particularly as China's economy slows. U.S. President Joe B...
Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner
Indian billionaires Mukesh Ambani, Gautam Adani set to attend G20 summit dinner
Source: Reuters
6/09/2023 3:21:56 PM
Air India unveils new logo and livery 'symbolising boundless opportunities and confidence' Tata Sons-owned Air India on Thursday unveiled its new logo and livery, which will be timed with the delivery of its brand-new A350 aircraft in December. The airline, during an event herei, said that its new logo - 'The Vista' - is inspired by the peak of the gold window frame, signifying limitless possibilities, progressiveness, and the airline’s bold, confident outlook for the future. Air India’s brand-new aircraft livery and design features a palette of deep red, ...
Air India unveils new logo and livery 'symbolising boundless opportunities and confidence'
Air India unveils new logo and livery 'symbolising boundless opportunities and confidence'
Source: IANS
11/08/2023 10:06:42 AM
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds Tata Sons on Wednesday announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over 4 billion pounds is an integral part of Tata Group's commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale. N. Chandrasekaran, Chairman, Tata Sons, said, "The Tata Group is deeply committed to a sustainable future across all...
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Source: IANS
19/07/2023 1:59:14 PM
Tim Cook meets Sunil Mittal, software developers, photographers Apple CEO Tim Cook on Friday met with Bharti Enterprises chairman Sunil Bharti Mittal and several content developers. Mittal and Cook committed to working more closely in India and Africa. "Tim Cook and Sunil Bharti Mittal had an hour-long meeting this morning," the company said on Twitter. "While expressing their satisfaction on the ongoing long relationship that Apple and Airtel have had, reaffirmed their commitment to work more closely in the Indian and African mark...
Tim Cook meets Sunil Mittal, software developers, photographers
Tim Cook meets Sunil Mittal, software developers, photographers
Source: IANS
21/04/2023 4:38:44 PM
Tata Housing on Tata Housing clocks new pre sales growth of 40% in FY 22-23. TATA HOUSING - CLOCKS NET PRE-SALES GROWTH OF 40% IN FY 22-23 ACHIEVES HIGHEST EVER ANNUAL RESIDENTIAL SALES  Tata Housing – a subsidiary of Tata Sons Pvt. Ltd. announced the organization’s performance for FY 22-23 and reported a net pre-sales growth of 40% over last year. The company’s high consumer brand recall and expansive marketing campaigns generated 1.92 Lakh leads and 14000+ site visits. Owning to positive consumer sentiments and a strong business proposit...
Tata Housing on Tata Housing clocks new pre sales growth of 40% in FY 22-23.
Tata Housing on Tata Housing clocks new pre sales growth of 40% in FY 22-23.
Source: PR Agency
19/04/2023 4:30:01 PM
Wings for F-16 to be made by Tata-Lockheed Martin JV in India Global defence aerospace player Lockheed Martin and Indias Tata Group have inked an agreement for the production of fighter plane wings at their joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL) in Hyderabad. According to Lockheed Martin, the Memorandum of Understanding (MOU) envisions production of 29 fighter wing shipsets, with an option of additional shipsets, with deliveries commencing in 2025. "These wings are initially intended for the F-16 Block 70/72 jets and wo...
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Source: IANS
11/03/2023 9:06:21 AM
Vistara adds Airbus A321LR to its fleet, focuses on International expansion  Vistara airline, a joint venture of Tata Sons Private Limited and Singapore Airline Limited, has added Airbus A321LR to its fleet. The long-range variant of the Airbus A320neo (which is part of the order of 50 aircraft from the Airbus A320 Family placed in 2018) arrived in Delhi on February 4, 2023 from Airbus' production facility in Hamburg, Germany. With an increased maximum take-off weight of 97 tonnes and the third auxiliary center fuel tank, enabling the aircraft to cover...
Vistara adds Airbus A321LR to its fleet, focuses on International expansion
Vistara adds Airbus A321LR to its fleet, focuses on International expansion
Source: IANS
6/02/2023 12:31:01 PM
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today Ratan Tata on Monday paid glowing tributes to his former close associate R.K. Krishna Kumar who passed away here on New Year Day. "Words cannot describe the deep sense of loss I feel on the passing of my friend and colleague R.K. Krishna Kumar. I will always fondly remember the camaraderie we shared both within the Group and personally," said Ratan Tata. He described Krishna Kumar as "a true veteran of the Tata Group and the Tata Trusts and will be dearly missed by all&qu...
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today
Source: IANS
2/01/2023 10:01:20 AM
Aloke Singh to be chief of Air India`s Low Cost Carrier business The Air India management has appointed Air India Express CEO Aloke Singh as the chief of Air India's low-cost airline business from January 1, 2023. The Low Cost Carrier (LCC) business will consist of AirAsia India and Air India Express. Earlier, last month, Air India signed agreements to complete the acquisition of 100 per cent shareholding in AirAsia India (AAI) and to subsidiarise it under Air India. As per an internal communication, Air India CEO and Managing Director Campbell W...
Aloke Singh to be chief of Air India`s Low Cost Carrier business
Aloke Singh to be chief of Air India`s Low Cost Carrier business
Source: IANS
23/12/2022 9:43:10 AM
Singapore Airlines to secure Air India stake under deal with Tata Singapore Airlines Ltd (SIA) said on Tuesday it would emerge as a 25.1% owner of Air India as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons into India's national carrier. SIA will invest $250 million into Air India as part of the transaction, the Singaporean carrier said in a statement, with the pair aiming to complete the merger by March 2024 subject to regulatory approvals.
Singapore Airlines to secure Air India stake under deal with Tata
Singapore Airlines to secure Air India stake under deal with Tata
Source: Reuters
29/11/2022 4:33:39 PM
India-US ties driven by common interest of promoting sustainability: Piyush Goyal  Economic relations between India and the US are driven by the common interest of promoting sustainability, emerging technologies, globally resilient supply chains and small businesses, Union Commerce Minister Piyush Goyal said on Thursday. The Union Minister made the remarks while virtually addressing the India-US CEO Forum which was chaired jointly by Goyal and US Secretary of Commerce Gina Raimondo. Goyal said that the forum continues to be an effective platform for dialogue acr...
India-US ties driven by common interest of promoting sustainability: Piyush Goyal
India-US ties driven by common interest of promoting sustainability: Piyush Goyal
Source: IANS
10/11/2022 2:08:56 PM
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace Industrialist and former Tata Group Chairman Cyrus Mistry, who died in a car accident in Maharashtra's Palghar on Sunday, had risen to become Chairman of Tata Sons in 2012 at the age of 44 but did not last long in the post. Mistry, who was the sixth Chairman of Tata Sons, succeeding Ratan Tata, was unceremoniously removed from the position in October 2016, over disagreements over running the conglomerate. He was the younger son of Pallonji Mistry, head of the Shapoorji Pallonji Grou...
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace
Cyrus Mistry, the young tycoon who rose to Tata Group Chairman but fell from grace
Source: IANS
4/09/2022 5:41:01 PM
Ratan Tata invests in startup that connects the elderly with young graduates Ratan Tata, Chairman Emeritus of Tata Sons, has made a seed investment in a startup called "Goodfellows" that aims to help the elderly by pairing them with young and educated graduates for meaningful companionship, the startup said on Tuesday. In the last six months, "Goodfellows" has completed a successful beta and will now be available in Mumbai and soon in Pune, Chennai and Bengaluru. "The bonds between the two generations created by Goodfellows are very mean...
Ratan Tata invests in startup that connects the elderly with young graduates
Ratan Tata invests in startup that connects the elderly with young graduates
Source: IANS
16/08/2022 3:47:10 PM
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities Key News Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group Veteran industrialist Ratan Tata and Tata Sons on Thursday welcomed the Supreme Court's dismissal of a plea of the Shapoorji Pallonji (SP) group seeking a review of the verdict that upheld the Tata group's removal of Cyrus Mistry as Chairman of Tata Sons. Reacting to the development, in a statement Tata, who is the Chairman Emeritus said, "We would like to express our grateful appreciation o...
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Source: ARETE Securities Ltd
20/05/2022 9:23:08 AM
Tata Realty and Infrastructure clocks a revenue growth of over 30% for FY 2021 – 2022 Led by innovation and strategic marketing, Tata Realty and Infrastructure Limited, India's largest institutional realty player and a 100% subsidiary of Tata Sons Pvt. Ltd reported a vertical growth of over 30% Y-o-Y, over last year’s 120% sales target achievement. With LEED-certified sustainable residential solutions, Tata Realty has sold a total of 1688 units of residential assets across various segments and cities. Driven by innovation and value-oriented reside...
Tata Realty and Infrastructure clocks a revenue growth of over 30% for FY 2021 – 2022
Tata Realty and Infrastructure clocks a revenue growth of over 30% for FY 2021 – 2022
Source: PR Agency
19/05/2022 5:19:13 PM
Tata Realty Bags Six Edge Certification, becoming the largest office portfolio to receive EDGE certification in India with over 7M sq.ft. Mumbai :  In recognition of its commitment to sustainability in the commercial workspace landscape in India, Tata Realty & Infrastructure Limited (TRIL) - A 100% subsidiary of Tata Sons Pvt Ltd. and one of the only few large-scale institutional developers in India has been awarded the prestigious EDGE Advanced certification for six of its Grade A commercial projects. With this, Tata Realty becomes one of the biggest institutional office and hospitality d...
Tata Realty Bags Six Edge Certification, becoming the largest office portfolio to receive EDGE certification in India with over 7M sq.ft.
Tata Realty Bags Six Edge Certification, becoming the largest office portfolio to receive EDGE certification in India with over 7M sq.ft.
Source: PR Agency
17/05/2022 3:47:53 PM
Scoot CEO Campbell Wilson appointed head of Air India Air India's new owner Tata Sons said on Thursday it would appoint Campbell Wilson, the head of Singapore Airlines' budget carrier Scoot, as its chief executive, subject to regulatory approvals. New Zealand-born Wilson, 50, will step down from his current role on June 15, Singapore Airlines said. Tata Sons completed its purchase of the previously state-owned Indian national carrier in January and has been searching for an executive to lead a major turnaround plan. Air India, w...
Scoot CEO Campbell Wilson appointed head of Air India
Scoot CEO Campbell Wilson appointed head of Air India
Source: Reuters
12/05/2022 4:09:47 PM
Tata Sons chief Chandrasekaran appointed as Air India Chairman Tata Sons Chairman N. Chandrasekaran has been appointed as Air India Chairman, a group spokesperson said. The development comes as the Tata Group scouts for a new Air India CEO-MD. Earlier this month, ex-Turkish Airlines head Mehmet Ilker Ayci, who was named as the new Air India CEO-MD, declined the position. No reason was given for Ayci's decision. Last month, the Tata Group-led Air India announced the appointment of Ayci as the new Chief Executive Officer and Managing Director of ...
Tata Sons chief Chandrasekaran appointed as Air India Chairman
Tata Sons chief Chandrasekaran appointed as Air India Chairman
Source: IANS
14/03/2022 8:31:30 PM
Committed to making Air India world-class airline, says Tata Sons Chairman Tata Sons Chairman N. Chandrasekaran on Wednesday said the group is committed to make Air India a world-class airline which it deserves to become. In his maiden address to the staff via virtual platform, he said the Tata Group has very big dreams for Air India. According to Chandrasekaran, the airline would focus on customer service, technological advancements such as website, application, front and back-office systems, among others. He also mentioned upgrading the aircraft fleet to ...
Committed to making Air India world-class airline, says Tata Sons Chairman
Committed to making Air India world-class airline, says Tata Sons Chairman
Source: IANS
17/02/2022 9:28:20 AM
Ex-Turkish Airlines honcho Ayci named new Air India CEO-MD Tata Sons on Monday announced the appointment of Mehmet Ilker Ayci as the new CEO and Managing Director of Air India, an official said here. Expected to take charge on or before April 1, Ayci until recently was the Chairman of Turkish Airlines and was also on its Board of Directors prior to that. The key appointment was finalised at the Air India board meeting on Monday, in which Tata Sons Chairman N. Chandrasekaran was a special invitee. Ayci's appointment would be subject to regul...
Ex-Turkish Airlines honcho Ayci named new Air India CEO-MD
Ex-Turkish Airlines honcho Ayci named new Air India CEO-MD
Source: IANS
14/02/2022 5:07:56 PM
Tata Sons Board renews Chandrasekaran's term as Executive Chairman The Board of Tata Sons on Friday approved the reappointment of N. Chandrasekaran as the Executive Chairman for the next five years. The decision took place during a board meeting held on Friday. Accordingly, the Board reviewed the last five years' performance of the group and considered the reappointment of Chandrasekaran. In a statement, Tata Sons said that Ratan N. Tata, who was a special invitee to this meeting, expressed his satisfaction on the progress and performance of the...
Tata Sons Board renews Chandrasekaran's term as Executive Chairman
Tata Sons Board renews Chandrasekaran's term as Executive Chairman
Source: IANS
11/02/2022 3:05:24 PM
Air India comes with over 140 aircraft but no real estate assets for Tata Sons Tata Sons subsidiary Talace, which took over the managerial control of Air India on Thursday, will get more than 140 aircraft and eight logos, among other assets such as human resources. However, the transaction does not include non-core assets, including land and building, valued at Rs 14,718 crore, which are to be transferred to government of India's Air India Asset Holding Limited (AIAHL). Besides, Tatas will also not get the world-famous art collection of Air India. Neverthel...
Air India comes with over 140 aircraft but no real estate assets for Tata Sons
Air India comes with over 140 aircraft but no real estate assets for Tata Sons
Source: IANS
28/01/2022 10:00:13 AM
Air India's divestment complete; Tata Sons takes over control The Centre on Thursday handed over the management control of national carrier Air India to a subsidiary of Tata Sons. With this Air India's strategic disinvestment was complete after the Centre received a consideration of Rs 2,700 crore from the 'Strategic Partner' -- Talace -- which is a wholly owned subsidiary of Tata Sons. Besides the upfront payment, Talace will retain a debt of Rs 15,300 crore. Notably, the transaction covered three entities - Air India, Air India Ex...
Air India's divestment complete; Tata Sons takes over control
Air India's divestment complete; Tata Sons takes over control
Source: IANS
27/01/2022 5:11:48 PM
Air India Revamp: New flight App, strategy for better OTP on anvil National carrier Air India under the Tata brand is set for major revamp in service standards as well as introduction of new passenger friendly amenities. According to sources, on avail are the likely introduction of a flight App developed by TCS for passengers and staff. Besides, implementation of new strategies to improve the airline's OTP (On Time Performance) standards are also on cards. Apart from operational standards, improvements are expected to take place in in-flight s...
Air India Revamp: New flight App, strategy for better OTP on anvil
Air India Revamp: New flight App, strategy for better OTP on anvil
Source: IANS
27/01/2022 4:46:04 PM
Tata Sons Chairman meets PM ahead of official handover of Air India N. Chandrasekaran, the chairman of Tata Sons, who control the entire Tata conglomerate, called on Prime Minister Narendra Modi in Delhi on Thursday ahead of the official handover of Air India after the Tata group won the bid on October 8, 2021, leaving behind its competitor SpiceJet. Tata won the bid with a whopping Rs 18,000 crore and took the Air India back after 69 years. This meeting is the final call, in aviation lingo, that now Air India is no longer a government of India enterpri...
Tata Sons Chairman meets PM ahead of official handover of Air India
Tata Sons Chairman meets PM ahead of official handover of Air India
Source: IANS
27/01/2022 4:13:54 PM
Divestment-bound Air India's H1FY22 net loss rises over 43%  Just before the final procedures of divestment, national carrier Air India's 2021-22 first half (H1FY22) net loss rose over 43 per cent on a year-on-year basis. The airline's net loss rose to Rs 5,422.6 crore during the period under review from Rs 3,779.26 crore reported for the previous corresponding period. These figures were a part of the unaudited standalone financial results for the half year ended September 30, 2021, as reviewed by IANS. Besides, the company repor...
Divestment-bound Air India's H1FY22 net loss rises over 43%
Divestment-bound Air India's H1FY22 net loss rises over 43%
Source: IANS
3/01/2022 9:34:32 AM
AirAsia India expects full-traffic recovery in 2022 sans 3rd Covid wave Tata Sons-backed AirAsia India expects full passenger traffic as well as capacity recovery in 2022 sans a third Covid wave triggered via the Omicron variant. In a conversation with IANS, Ankur Garg, Chief Commercial Officer, AirAsia India cited that overall airline industry is operating at 83 per cent pre-Covid levels and the traffic has been recovering at a fast rate. "Festive period beginning October saw a significant bounce back in passenger traffic which is continuing till the ...
AirAsia India expects full-traffic recovery in 2022 sans 3rd Covid wave
AirAsia India expects full-traffic recovery in 2022 sans 3rd Covid wave
Source: IANS
23/12/2021 5:52:50 PM
CCI approves acquisition of Air India stake by Tata Sons' Talace Fair market regulator Competition Commission of India on Monday approved the acquisition of Air India, Air India Express, and Air India SATS Airport Services by Talace, which is a wholly owned subsidiary of Tata Sons. The acquisition envisaged 100 per cent equity share capital of Air India and Air India Express, and 50 per cent for that of Air India SATS Airport Services by Talace. At present, Air India is wholly owned by the government. The airline, along with AIXL, is primarily eng...
CCI approves acquisition of Air India stake by Tata Sons' Talace
CCI approves acquisition of Air India stake by Tata Sons' Talace
Source: IANS
21/12/2021 9:20:28 AM
Challenges abound as Tata draws up a flight plan for Air India NEW DELHI - Tata Sons' $2.4 billion purchase of debt-ridden, government-owned Air India will give the conglomerate immediate access to valuable flying rights and landing slots that will help it claw back market share from foreign rivals. But industry executives warn any success will be a long and complicated process that could cost it more than $1 billion and require fixing myriad problems, including its worn-out fleet, poor service and the lack of a charismatic leader. Air Ind...
Challenges abound as Tata draws up a flight plan for Air India
Challenges abound as Tata draws up a flight plan for Air India
Source: Reuters
19/10/2021 12:27:35 PM
India's IndiGo sees Tata as 'formidable competition' after Air India deal India's largest airline IndiGo expects Tata Sons to be "formidable competition" once the conglomerate finalises its $2.4 billion purchase of Air India from the government, the budget airline's chief executive said. Tata also owns a majority stake in Vistara, a premium joint venture with Singapore Airlines Ltd, as well as budget airline AirAsia India. "I see them as formidable oi;competition but I welcome them. It is a sensible thing," IndiGo CEO Ronojoy Dutta...
India's IndiGo sees Tata as 'formidable competition' after Air India deal
India's IndiGo sees Tata as 'formidable competition' after Air India deal
Source: Reuters
13/10/2021 2:07:34 PM
Air India divestment: Tatas to get 141 aircraft, 8 brand logos, lucrative routes Tata Sons' subsidiary Talace which emerged as the highest bidder for national carrier Air India will among other assets such as human resources get more 140 aircraft as well as 8 logos. Accordingly, Talace quoted an enterprise value of Rs 18,000 crore for 100 per cent equity shareholding of Centre in Air India along with that of Air India Express and AISATS. Consequent to the acquisition, the Tatas will own 100 per cent stake in Air India as also 100 per cent in its subsidiary Air I...
Air India divestment: Tatas to get 141 aircraft, 8 brand logos, lucrative routes
Air India divestment: Tatas to get 141 aircraft, 8 brand logos, lucrative routes
Source: IANS
9/10/2021 9:07:14 AM
Air India back with the Tatas after seven decades Life has come a full circle for the Tatas with the government declaring the corporate conglomerate the winning bidder to take over national carrier Air India. The airline the group once started and nurtured into becoming the face of India globally has come back to its original owners now after 68 years. The seeds for Air India were sown way back in 1932 when J.R.D. Tata flew a small aircraft between Karachi and Mumbai with mail. Impressed by the success of the flight, a former Royal Air...
Air India back with the Tatas after seven decades
Air India back with the Tatas after seven decades
Source: IANS
8/10/2021 5:19:30 PM
Tata Sons emerge as the highest bidder for Air India The Centre on Friday declared Tata Sons' subsidiary Talace as the highest bidder for national carrier Air India under the divestment process. The Tatas' subsidiary quoted Rs 18,000 crore of enterprise value for Air India, Divestment Secretary Tuhin Kanta Pandey announced. There were only two bidders in the final stage of divestment. Besides, the Tatas' subsidiary, the second bidding entity was a consortium led by industrialist Ajay Singh. Notably, conglomerate Tata Son...
Tata Sons emerge as the highest bidder for Air India
Tata Sons emerge as the highest bidder for Air India
Source: IANS
8/10/2021 4:59:54 PM
Tatas among multiple bidders for Air India Tata Sons has submitted a financial bid for Air India, among other bidders. "Tatas have submitted a financial bid for Air India," a Tata Sons spokesperson said. Taking to Twitter, DIPAM Secretary, Tuhin Kanta Pandey said that the disinvestment process now moves to the concluding stage. "Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," he posted. Though Tatas have confirmed their particiupation i...
Tatas among multiple bidders for Air India
Tatas among multiple bidders for Air India
Source: IANS
16/09/2021 9:24:47 AM
No leadership structural changes on the anvil: Tata Sons Chairman Tata Sons Ltd's Chairman Natarajan Chandrasekaran on Wednesday clarified that "no leadership structural changes are on the anvil, as speculated in certain sections of media". On Tuesday, a source-based report by a newswire stated that Tata Sons is considering "historic revamp of its leadership structure by creating a Chief Executive Officer's role to help improve corporate governance". Chandrasekaran's tenure as the Chairman of Tata Sons is coming to an e...
No leadership structural changes on the anvil: Tata Sons Chairman
No leadership structural changes on the anvil: Tata Sons Chairman
Source: IANS
16/09/2021 9:17:30 AM
Tata Sons arm to acquire majority stake in Tejas Networks  Panatone Finvest Limited, a subsidiary of Tata Sons Private Ltd plans to acquire controlling stake in telecom equipment maker Tejas Networks. Panatone Finvest will buy a 43.3 per cent stake in Tejas Networks for Rs 1,850 crore and along with other Tata Group companies, Panatone would make a public announcement to acquire up to another 26 per cent stake in Tejas. Tejas Networks has executed definitive agreements with Panatone. In a regulatory filing, Tejas said that it sees a ve...
Tata Sons arm to acquire majority stake in Tejas Networks
Tata Sons arm to acquire majority stake in Tejas Networks
Source: IANS
29/07/2021 11:17:48 AM
Tata expands digital footprint with majority stake in health platform 1MG  Tata Digital Limited, a 100 per cent subsidiary of Tata Sons Private Limited, will acquire a majority stake in digital health company 1MG Technologies Private Limited (1MG). The investment in 1MG is in line with the Tata Group's vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner, a company statement said. E-pharmacy, e-diagnostics, and teleconsultation are critical segments in the present ecosystem and have been among the...
Tata expands digital footprint with majority stake in health platform 1MG
Tata expands digital footprint with majority stake in health platform 1MG
Source: IANS
11/06/2021 9:12:07 AM
Tata Digital to acquire majority stake in 1MG  Tata Digital Limited, a subsidiary of Tata Sons Private Ltd will acquire majority stake in digital health company 1MG Technologies Private Ltd (1MG). Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy and affordable access to a wide range of products like medicines, health & wellness products, diagnostics services and tele-consultation to customers. The company operates three state-of-the-art diagnostics labs, has a supply chain covering over 2...
Tata Digital to acquire majority stake in 1MG
Tata Digital to acquire majority stake in 1MG
Source: IANS
10/06/2021 12:28:32 PM
Tata Digital invests $75M in fitness startup CureFit Tata Digital, a subsidiary of Tata Sons, on Monday announced to invest up to $75 million in fitness startup CureFit. Mukesh Bansal, CureFit Founder and CEO, will join Tata Digital as President, Tata Digital. In addition, he will continue in his leadership role at CureFit, the company said in a statement. "The CureFit partnership with its industry leading platform in fitness and wellness aligns very well with our overall healthcare proposition where fitness is increasingly becoming ...
Tata Digital invests $75M in fitness startup CureFit
Tata Digital invests $75M in fitness startup CureFit
Source: IANS
8/06/2021 8:41:27 AM
Pramit Jhaveri, Noel Tata contenders for Tata Sons board Former CEO of Citi India Pramit Jhaveri and Tata Groups Noel Tata are the top contenders for positions on Tata Sons board as they get vacated, according to reports. Tata Group is likely to take the final decision in a few weeks. Tata Sons' board member Farida Khambata's terms will end soon. Reports say that Khambata could be considered on the boards of both Tata Steel and TCS after her tenure at Tata Sons board comes to an end. Pramit Jhaveri had joined Tata Trusts as a trust...
Pramit Jhaveri, Noel Tata contenders for Tata Sons board
Pramit Jhaveri, Noel Tata contenders for Tata Sons board
Source: IANS
2/06/2021 10:02:05 AM
India`s Tata buys majority stake in online grocer BigBasket BENGALURU - Tata Sons has acquired a majority stake in Alibaba-backed online grocery seller BigBasket, a unit of the Indian conglomerate said on Friday.
India`s Tata buys majority stake in online grocer BigBasket
India`s Tata buys majority stake in online grocer BigBasket
Source: Reuters
28/05/2021 11:44:17 AM
Quess acquires residual 30% stake in Conneqt from Tata Sons Quess Corp has announced the acquisition of the remaining 30 per cent stake in Conneqt Business Solutions Ltd for Rs 208 crore, pursuant to the 'put option' notice by Tata Sons Pvt Ltd. In a statement Quess said that with this transaction, Conneqt will become its wholly owned subsidiary. Quess had acquired 51 per cent of Conneqt in November 2017 and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019 through infusion of primary capital, which was u...
Quess acquires residual 30% stake in Conneqt from Tata Sons
Quess acquires residual 30% stake in Conneqt from Tata Sons
Source: IANS
16/04/2021 2:14:05 PM
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time The battle between Tata Sons and Shapoorji Pallonji Group over the latter's exit from Tata Sons is set to continue even as the Supreme Court has resolved the long-drawn tussle between the two groups. A major contention between the two groups is the difference over the exact value of SP Group's stake in the holding company of the industrial conglomerate. Besides the simmering differences over the stake value, even the intention of a transaction to buy out the minority holding is ...
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time
Tata-Mistry: Amid high valuation, SP Group`s exit from Tata Sons may take time
Source: IANS
1/04/2021 9:17:04 AM
Supreme Court rules in favour of Tata in long-drawn tussle with former chairman NEW DELHI  - The Supreme Court on Friday ruled in favour of autos-to-steel conglomerate Tata Group in its long-drawn legal tussle with former chairman Cyrus Mistry whose family firm owns an 18% stake in the group holding company, Tata Sons. Mistry in 2016 was sacked from his job at the helm of Tata Sons, the holding company for the Tata Group, after he fell out with group patriarch Ratan Tata over corporate governance issues at Tata group companies. The two sides have since been em...
Supreme Court rules in favour of Tata in long-drawn tussle with former chairman
Supreme Court rules in favour of Tata in long-drawn tussle with former chairman
Source: Reuters
26/03/2021 12:30:58 PM