"Seventy per cent of medical equipment used are imported from foreign nations. This situation has to change because it makes the treatment very costly," he said after launching a book to mark Tata Memorial Centre's 75 years of social service.
During the hearing on Thursday, the counsel representing the Mistry camp informed the NCLAT that they will file another appeal against the order of the National Company Law Tribunal rejecting their waiver application on April 17.
Tata Sons welcomed the ruling and said it hoped the decision would end the 'vexatious campaign'.
The board also decided to raise Rs 7,000 crore by selling bonds. This amount will be used to refinance the company's debt, invest in securities and provide loans to companies.
According to the company, the plant has so far created employment for more than 5,000 people. More than 90 percent of the workforce employed in the new plant are women.
"Niki.ai and CoHo, provider of rental accommodations designed for young professionals and students, have partnered in an attempt to enhance the lifestyle of the millennial," a company statement said.
Tata Sons Chairman Emeritus Ratan Tata on Friday said the Tata Group is in the safe hands of N Chandrasekaran, who would take it to a new level of progress and growth.
A special court today asked BJP MP Subramanian Swamy's plea to bring more material in support of his criminal complaint against industrialist Ratan Tata and others in connection with the 2G spectrum scam case.
Tata Sons' new Chairman N Chandrasekaran is likely to bring on board chief executives of group operating companies to better operational proficiency, reports the Economic Times today.
While committed to taking his legal battle against Tata Sons to its logical conclusion, Mistry is planning to start his own new venture
"Under the Prime Minister and his government, India is on the threshold of projecting itself as a new India," said Tata, who started his career at Tata Steel in Jamshedpur.
"It is a very big job but the canvas is large...got exciting things to do. There are challenges and opportunities.
In a letter, which is now also a part of ousted Tata Sons chairman, Cyrus Mistry's National Company Law Tribunal filing (NCLT), Ratan Tata had also questioned the slow decision making at Tata Motors, the Hindu BusinessLine reports.
TeamIndus Foundation is the CSR arm of TeamIndus, the only Indian team competing for the Google Lunar XPRIZE of USD 25 million that requires privately funded teams to land their spacecraft on the surface of the moon, travel 500 metres and broadcast high definition video,images and data back to Earth.
On issues of protectionism and capital dumping, Tata said one cannot generalise, but sometimes blocking is worthwhile and at other times, it amounts to stifling competition.
Remaining non-committal over the future course of Nano, Tata Motors said the decisions will be taken in alignment with the board as the time and the need appears.
Lenskart, which gets a significant portion of its revenues from offline channel, also aims to ramp up sales from tier III and IV towns with the launch of 'Lenskart Lite' app.
Ever since the boardroom battle erupted at the conglomerate after removal of Cyrus Mistry as chairman in October last year and subsequent allegations by him, including about 'interference' by Ratan Tata, Sebi has been keeping a close watch on the developments related to the group.
Allegations have flown thick and fast ever since Cyrus Mistry was ousted as Chairman of the fabled Tata Group.
In its ongoing battle against the Tatas, Cyrus Mistry camp today filed an affidavit with the NCLT seeking "waiver" from the condition of shareholding requirement in the petition filed by his family-owned two investment firms against Tata Sons, Ratan Tata and its directors, even as it argued for its maintainability.
The Cyrus Mistry and Ratan Tata saga seems to be unending with Cyrus Mistry's family companies filing three fresh affidavits in the National Corporate Law Tribunal (NCLT).
Following complaints from Cyrus Mistry and Nusli Wadia, the country‘s market regulator, observed that sharing price sensitive information with a chairman emeritus does not violate insider trading rules.
Former Tata Group Chairman Cyrus Mistry, who was unceremoniously ousted in October last year, wants a proper governance structure to be put in place.
According to a report in The Economic Times, former Tata Sons Chairman Cyrus Mistry shot off an angry letter to his fellow board members a day before N Chandrasekaran was appointed as his successor.
The National Company Law Tribunal today reserved its order till January 18 on a contempt petition filed by two Cyrus Mistry family Companies against Tata Sons and its directors, including Ratan Tata, alleging violation of NCLT directives in taking steps to remove Mistry from the Board.