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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
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
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
Air India has agreed to buy 250 jets from Airbus, including 210 narrowbody planes and 40 widebody aircraft, N Chandrasekaran, chairman of Tata Group, the airline's new owner said on Tuesday. The deal is part of a huge order by Air India for 470 planes which is expected to also include an order for 220 planes from Airbus rival Boeing as it heralds a decade-long expansion and reinvents itself under Tata.
Air India agrees to buy 250 planes from Airbus
Maharashtra Chief Minister Eknath Shinde has said that the state will contribute a "lion's share" to India's ambition to become a 5 trillion dollar economy by 2027. For achieving this goal, it was imperative for Maharashtra to become a USD 1-trillion economy with a holistic growth focussed on agriculture, industries and infrastructure development, he said. "Maharashtra is the country's growth engine... Our effort is to increase its capacity, output and p...
Maharashtra will chip in lion's share to India's $5 trillion economy dream: CM Eknath Shinde
Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on Wednesday, as it looks to cement its lead as the top selling electric vehicle (EV) company in India. The carmaker will also offer a choice of ranges for its EVs so it can address the needs of multiple buyers, including shorter ranges for city use, Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and its EV subsidiary told Reuters on the sideline...
Tata Motors looks to expand electric car portfolio, add pricier models
Tata Sons Chairman N. Chandrasekaran has been appointed by the government as the Chair of Business 20 India and will lead the business agenda during the country's G20 Presidency, an official statement said here on Wednesday. The Confederation of Indian Industry (CII), India's apex industry body, has been named as the B20 India Secretariat by the government to lead the B20 India process, from December 1, when India's terms as G20 President commenced. Established in 2010...
Tata Sons` N. Chandrasekaran Chair of B20 India, to lead biz agenda
Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies. Autos-to-steel conglomerate Tata will hold 74.9% of the combined entity, while SIA will own the remaining 25.1%, the Indian group said in a statement on Tuesday. SIA will invest $252 million into Air India as part of the deal, Tata said, with the pair aiming to com...
Tata to bolster Air India with Vistara merger
With the wide opening up of the aviation sector as millions troop out to fly for work or vacation after two years of Covid-19 curbs, airlines in India are experiencing a major boom not witnessed in the last 25 years. Official data indicate that domestic passengers carried by Indian carriers shot up by 66.73 per cent - from 343.37 lakh to 572.49 lakh - in the first six months of 2022, marking a whopping monthly growth of 238 per cent. The role played by Indian domestic carriers is phenom...
Tata saves Air India from bidding good-bye to the sky
NEW DELHI - India's tech-to-autos Tata Group is drawing up plans to launch a battery company in India and abroad, its chairman N Chandrasekaran said on Wednesday, as Tata deepens its push to build electric vehicles. The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover, Chandrasekaran said at an industry event. To meet stringent climate goals, automakers globally are...
India's Tata Group readying plan for battery company in India, abroad
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 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
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
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