Tata Sons today piked up shares worth Rs 1,088.88 crore of its two group companies, Indian Hotels Company and Tata Motors, through open market transactions.
Tata Sons said that the transaction was aimed at restructuring the group’s investment portfolio.
Tata Sons will be acquiring shares from Sir Dorabji Tata Trust, Lady Tata Memorial Trust and Sir Ratan Tata Trust, according to a regulatory filing by Indian Hotels Company Ltd to BSE.
The Hyderabad facility will be sole producer of AH-64 Apache helicopter fuselages globally.
Both completed a year in their new jobs, and have gotten off to a solid start.
Even as Tata Steel sheds off its European baggage, it is bidding aggressively for assets in India
Tata Motors has been working hard to upgrade its products lines and it was visible at the recently concluded Auto Expo
A year on, the 54-year-old has addressed many of the pain points in the $100 billion Tata Group.
Tata Sons on Friday launched a frontal attack on its ousted former chairman Cyrus Mistry, saying after his removal from the group he behaved like a "Trojan Horse".
Mistry’s counsel Aryama Sundram told the National Company Law Tribunal (NCLT) that provisions in the Tata Sons’ charter that give unbridled powers to take out a shareholder’s right to own shares has to be declared "void".
Cyrus Mistry along with his brother Shapoor Mistry is Tata Sons' largest individual shareholder, together owning 18.4% of the Tata Sons equity.
Tata Sons' counsel Abhishek Manu Singhvi, who was arguing before the Mumbai bench of the NCLT, reaffirmed that the nominee trustee directors of the company had no personal interest in Mistry's removal.
Mistry is locked in a legal battle with the Tatas since his sacking as chairman of Tata Sons on October 24, 2016, and removal as a director on February 6, 2017.
Shapoorji Pallonji called for at least one nominee seat on the board of Tata Sons, as the company has an 18% shareholding and is completely unaware of the business proceedings of the Tata Group.
Addressing the Tata Literature Live here today, Rosling said role of government should be a facilitator, provide necessary infrastructure and make doing businesses much easier so that entrepreneurship flourishes.
In a statement on its website, NTT DoCoMo said it "has received from Tata Sons payment of the award amount in accordance with the High Court of Delhi's decision regarding DOCOMO's stake in Tata Teleservices Limited."
The consolidated revenue for the company rose 13 percent to Rs 1.73 lakh crore, but profit was down 20 percent to Rs 18,431 crore.
Chandrasekaran, the former CEO of key Tata Group company TCS, took charge as chairman of the group’s parent firm, Tata Sons, after the bitter ouster of Cyrus Mistry earlier this year.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
The appellate has directed NCLT to decide on Mistry's case in three months.
All eyes will be on Tata Sons annual general meeting (AGM) today. It seeks shareholders' approval to convert the firm, which is the holding company of all group firms, from a public to a private company. Remember this move has been opposed by ousted Chairman Cyrus Mistry who termed it as a move to oppress minority shareholders.
A bench headed by Chairperson Justice S J Mukhopadhaya will pronounce the order, as per the updates from the cause list of the National Company Law Appellate Tribunal (NCLAT).
In a wide-ranging interview with Network18, Tata Sons Chairman Emeritus Ratan Tata, the venerable industrialist talked about a host of issues.
Mistry family-promoted firm Cyrus Investments Pvt Ltd has asked directors of Tata group firms, including Tata Steel, Tata Motors and Tata Power, to vote against the move to convert Tata Sons into a private limited firm.
Tata group is planning to take legal action, regarding infringement of intellectual property rights, against a Kolkata-based businessman who started a company by the name of Tata Sons Ltd in London.