Jamsetji Nusserwanji Tata was an Indian pioneer industrialist and philanthropist who founded the Tata Group. He is often regarded as the legendary “Father of Indian Industry”. He also manifested the idea for the Bandra-Worli Sea Link in Mumbai.
Tata, who addressed the annual townhall of employees -- a tradition which he started on the start of every new fiscal year -- after a gap of almost five years, said that under the leadership of Chairman N Chandrasekaran and MD Guenter Butschek, Tata Motors will continue to build in the future.
The cracks in the Tata Sons management has begun in August itself during its annual general meeting when Rata Tata had advised the then chairman Cyrus Mistry to appoint three new independent directors to the group‘s board, a report in the Business Standard says.
Ousted Chairman of Tata Sons Cyrus Mistry has said the Tata Sons board and Ratan Tata were informed about Tata Power‘s Rs 9,300-crore acquisition of Welspun Renewables Energy.
The doyen of Indian industry, Ratan Tata, says he is proud of the way the Indian ecommerce growth story has evolved and reiterated his bullishness on the sector.
Thus far this year, gold has lost 5 percent of its value in rupee terms. Prices of 22-carat gold in Mumbai are quoting around Rs 27,000 per 10 gm (around Rs 29,500 for 24-carat), and could fall further.