With the current discussions in auto industry revolving around autonomous, connected, electric and sharing (ACES), Tata Motors also needs to reinvent itself to a certain extent, moving towards new technology and business models, said Guenter Butschek.
Workers' acceptance of the guarantees does not mean the deal can immediately go ahead.
Last year, Venkatramanan had filed the criminal defamation suit before the magistrate court against Mistry and others for allegedly making "false" statements, and sought damages amounting to Rs 500 crore.
The former TCS chairman is also eligible for a performance-linked remuneration up to 200 percent of basic salary.
Britain's largest car manufacturer, however, indicated that a change to the current three-shift production line is not likely to lead to job losses.
Cyrus Mistry along with his brother Shapoor Mistry is Tata Sons' largest individual shareholder, together owning 18.4% of the Tata Sons equity.
A Mumbai sessions court, on December 26, had quashed the summons issued to Mistry and others in the Rs 500-crore defamation case.
The Tata Group was interested in bidding for state-owned Air India, its chairman N. Chandrasekaran had said late last year.
Mistry and the other accused had approached the sessions court after the metropolitan magistrate issued the summons in July this year directing them to appear before it.
The Taj Mansingh is currently run by The Indian Hotels Company, a Tata Group firm, but the property is owned by NDMC.
IndiGo and Tata Group have already expressed interest in purchasing parts of India's debt-ridden flag carrier.
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.