One year since the change of guards at Bombay House, the street is abuzz with rumors of restructuring and pulling up of underperformers in the group. Some of it is beginning to take shape.
The move comes soon after the Tata Group announced that the consumer mobile business of TTML as well as that of Tata Teleservices (TTSL) will be taken over by Bharti Airtel on a debt-free, cash-free basis.
In a letter dated September 28 to SEBI chief Ajay Tyagi, Swamy said that the market regulator was not doing its duty “just because the complaint was against Tatas”.
Under Cini, or Collectives for Integrated Livelihood Initiatives, the Trusts has already spent Rs 25 crore of the Rs 119 crore budgeted for the project in the first phase, Ganesh Neelam, executive director of Cini, told PTI in Mumbai.
Nusli Wadia, Chairman of the Wadia Group, in a letter, has asked market regulator Securities and Exchange Board of India (SEBI) to take action against Tata Group's three independent directors for alleged wrong declarations made in the annual reports.
The report maps out the Group's contribution in business, Corporate Social Responsibility (CSR) and philanthropy, and are aligned with the 17 Sustainable Development Goals (SDGs), identified in September 2015 and subsequently agreed on and committed to by 193 countries, a statement said.
Funds are being raised to "meet the company's long-term financing needs for capital expenditure, growth plans and debt repayment", Indian Hotels Company Ltd (IHCL) said in a filing to the BSE.
The telecom giant has decided to instead focus on other acquisitions and takeover of Telenor India along with stake sale in Bharti Infratelclosing.
Tata hopes that it becomes one of the coveted world majors in near future
India’s salt to software conglomerate Tata Group is giving thought to reorganise its technology and infrastructure businesses in order to reduce the number of companies it manages.
The new facility will create 200 new engineering jobs and will serve England and Europe and is following growth in its business across the region, the company said in a statement issued from Warwick.
The suit, filed by shareholders Pramod Shah and five others, challenged Cyrus Mistry's removal as chairman of the Tata group, terming it "illegal, motivated and malafide".
"The court has summoned Mistry and others in the criminal defamation case filed by us, wherein we have demanded a compensation of Rs 500 crore," Parvez Memon, who appeared for Venkatramanan, said.
Amid the government exploring ways to revive the debt- laden airline, Tata group is believed to be interested in purchasing stake in the national carrier.
Under the deal, Lockheed will shift its Fort Worth, Texas plant to India without directly affecting American jobs, a campaign pledge of Trump who has vowed to put "America First".
Sources privy to the development told CNBC-TV18 that Tata Group's engineering and IT firm, Tata Tech has sold a minority stake pegged at around USD 800 million to the American private equity firm.
Prime Minister Narendra Modi has vowed to end India's role as the world's largest arms importer by asking foreign firms to share technology with local players and then manufacture in India - in return for a slice of the $250 billion analysts estimate New Delhi will spend on its military over the next decade.
The second most valued brand in India is mobile operator company Bharti Airtel with valuations of USD 7.7 billion. Life Insurance Corporation of India (LIC) ranks third with USD 6.8 billion.
Shares of RIL were trading 3.43 per cent higher at Rs 1,416.40 on BSE at 1236 hrs, giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore -- the highest for any listed firm in the country. This was Rs 3,151.92 crore more than TCS' Rs 4,57,139.28 crore valuation at the time.
The Indian Hotels Company Ltd (IHCL) had on November 8 last year approached the Supreme Court against the Delhi High Court's order that had cleared the decks for auctioning of the iconic hotel in the heart of the national capital.
A bench comprising Justices P C Ghose and R F Nariman allowed the plea of New Delhi Municipal Council (NDMC) that the Tata Group firm cannot have the right to refusal in the auctioning of the hotel.
Tata Sons Chairman N Chandrasekaran said that gaps in products and delayed launches had contributed to criticism and the undoing of the passenger vehicles business.