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The commissioner of income tax (exemption) (CIT-E) had threatened to upend the decades-old ownership of Tata Sons by the trusts by alleging that such shareholdings are in violation of the income tax laws.(Reuters | Representational image)

Pegatron, Tata to invest in Tamil Nadu to make phones, parts

Bloomberg
PUBLISHED ON JAN 30, 2021 01:05 PM IST
Tata Electronics will invest 57.63 billion rupees ($790 million) for making mobile phone components and Pegatron will invest 11 billion rupees to make mobile phones as part of its phase I investment, the Tamil Nadu government said in a statement Friday.
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Sonam Kapoor Ahuja flaunts a sensual silhouette in sultry Stephane Rolland gown(Instagram/sonamkapoor)
Sonam Kapoor Ahuja flaunts a sensual silhouette in sultry Stephane Rolland gown(Instagram/sonamkapoor)

Sonam Kapoor Ahuja flaunts a sensual silhouette in sultry Stephane Rolland gown

By Zarafshan Shiraz
UPDATED ON JAN 16, 2021 09:26 AM IST
  • Sonam Kapoor Ahuja proves to be ahead of the fashion curve yet again as she looks like a dream while flaunting a sensual and generous silhouette in Stephane Rolland’s Imperial China inspired gown, ravishing pictures set the Internet ablaze
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A decision on the way forward with AirAsia India is expected to be taken by March-end by when there will likely be more clarity on Tata’s bid for Air India.(SOURCED)
A decision on the way forward with AirAsia India is expected to be taken by March-end by when there will likely be more clarity on Tata’s bid for Air India.(SOURCED)

Tata group to plot flight path for aviation business

By Anirudh Laskar and Rhik Kundu | Hindustan Times, New Delhi
UPDATED ON JAN 06, 2021 04:30 AM IST
Tata group, which placed an expression of interest for Air India, recently announced its decision to raise its stake in AirAsia India to 84% by buying out a part of its Malaysian partner AirAsia Bhd’s shares.
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Former Tata Group chairman Cyrus Mistry
Former Tata Group chairman Cyrus Mistry

Tribunal drops critical comments about Cyrus Mistry in Tata trusts case

By Gireesh Chandra Prasad | Livemint
UPDATED ON JAN 01, 2021 12:10 AM IST
The corrigendum issued by the tribunal on Wednesday clarifies that the order made certain 'inadvertent references to Mistry because of a few typo errors'.The tribunal had observed that Mistry had provided material to the tax department 'within eight weeks' of his departure from the group in 2016
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He showed immense strength and courage when he stood unarmed and alone outside the Taj Hotel during the 26/11 terror attacks and coordinated the activities to help the victims. He also personally visited the families of all the 80 employees who were killed or injured during the attack in 2008.(Pradeep Gaur/ Mint)
He showed immense strength and courage when he stood unarmed and alone outside the Taj Hotel during the 26/11 terror attacks and coordinated the activities to help the victims. He also personally visited the families of all the 80 employees who were killed or injured during the attack in 2008.(Pradeep Gaur/ Mint)

Ratan Tata turns 83. Here is what the businessman is known for

By hindustantimes.com | Edited by Nilavro Ghosh | Hindustan Times, New Delhi
PUBLISHED ON DEC 28, 2020 05:02 PM IST
Under his leadership, Tata Sons’ revenue grew over 40 times and profit over 50 times. He was instrumental in the business’ expansion and conceptualisation of popular cars like the Tata Nano and the Tata Indica.
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Ratan Tata with 28-year-old Shantanu Naidu, who is the former’s personal assistant and has penned a memoir on the tycoon.
Ratan Tata with 28-year-old Shantanu Naidu, who is the former’s personal assistant and has penned a memoir on the tycoon.

Getting candid with Mr Tata: A book by a millennial that sheds the tycoon’s serious tag

By Aprajita Sharad | Hindustan Times, New Delhi
UPDATED ON DEC 29, 2020 09:49 AM IST
On Ratan Tata’s birthday, December 28, Shantanu Naidu shares his experience of writing the book, I Came Upon a Lighthouse, based on his candid interactions with the business magnate.
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Tata’s rejection of SP Group’s proposal threatens to stretch India’s biggest corporate battle in recent history.(REUTERS)
Tata’s rejection of SP Group’s proposal threatens to stretch India’s biggest corporate battle in recent history.(REUTERS)

Tata rejects Mistrys’ share-swap separation offer, calls it ‘nonsense’

By Bloomberg | Posted by Nilavro Ghosh
PUBLISHED ON DEC 10, 2020 04:15 PM IST
The Mistry-led Shapoorji Pallonji Group had informed the court in October that it estimated its 18.4% stake in Tata Sons Pvt. -- the group’s main holding company -- to be worth more than 1.75 trillion rupees.
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The valuation disagreement marks the latest chapter in a four-year-old wrangle that started with a boardroom coup in 2016 at Tata Sons. It led to the abrupt ouster of Cyrus Mistry as Tata Group chairman. Cyrus, 52, is the son of billionaire Mistry, 91, who controls the 155-year-old SP Group.(REUTERS)
The valuation disagreement marks the latest chapter in a four-year-old wrangle that started with a boardroom coup in 2016 at Tata Sons. It led to the abrupt ouster of Cyrus Mistry as Tata Group chairman. Cyrus, 52, is the son of billionaire Mistry, 91, who controls the 155-year-old SP Group.(REUTERS)

Tata, Mistry set to clash over $13 billion valuation difference

By Bloomberg | Posted by Nilavro Ghosh
PUBLISHED ON DEC 08, 2020 05:31 PM IST
The 18.4% stake owned by Mistry family in Tata Sons Pvt. is worth as much as Rs 800 billion, Tata’s lawyer Harish Salve told India’s Supreme Court on Tuesday. Mistry’s Shapoorji Pallonji Group had made a truce offer to swap its Tata Sons stake for shares worth $24 billion in the listed Tata firms.
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The offer departs from Cyrus Mistry and family’s initial stated intent to seek a complete separation from the Tata group(Reuters File Photo)
The offer departs from Cyrus Mistry and family’s initial stated intent to seek a complete separation from the Tata group(Reuters File Photo)

Shapoorji Pallonji group’s new offer unlikely to sway Tatas

By Swaraj Singh Dhanjal and Jayshree P Upadhyay | Hindustan Times, Mumbai
PUBLISHED ON OCT 31, 2020 05:52 AM IST
While the offer to swap Tata Sons’ holdings for listed Tata stocks will not require the Tatas to raise huge sums of money, legal experts said that the offer might be a double-edged sword for the Tatas and a double bonanza for the SP group.
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Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)
Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)

Mistry family proposes share swap to exit Tatas

By Jayshree P Upadhyay | Mint, Mumbai
UPDATED ON OCT 30, 2020 05:08 AM IST
or the unlisted Tata group companies, the SP group has sought an independent valuation followed by payment in cash or in listed securities.
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Tata Motors logos are seen at their flagship showroom in Mumbai.(Reuters File Photo)
Tata Motors logos are seen at their flagship showroom in Mumbai.(Reuters File Photo)

Tata courts investors for digi platform

By Bloomberg | Mumbai
PUBLISHED ON SEP 29, 2020 05:53 AM IST
Tata’s platform—an e-commerce gateway for its consumer products and services ranging from beverages to jewelry and resorts—may seek to compete with the ambitious plans of Ambani, Amazon.com and Walmart Inc.’s Indian venture Flipkart
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N Chandrasekaran, chairman of Tata Sons, is leading the talks with potential investors.(Bloomberg)
N Chandrasekaran, chairman of Tata Sons, is leading the talks with potential investors.(Bloomberg)

Tatas tap wealth funds to buy Shapoorji stake

By Jayshree P Upadhyay | Mint, Mumbai
PUBLISHED ON SEP 28, 2020 06:38 AM IST
The Mistry family’s stake, held through two investment firms, is estimated to be Rs 1.5 lakh crore, according to the valuations submitted to the Supreme Court. On September 22, the Shapoorji Pallonji group said in a statement that it wants to end its seven-decades-long relationship with the Tata group.
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A health worker collects samples for COVID-19 Rapid Antigen test in Srinagar.(PTI)
A health worker collects samples for COVID-19 Rapid Antigen test in Srinagar.(PTI)

Centre allows commercial launch of first CRISPR Covid-19 test | All you need to know

By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON SEP 19, 2020 11:04 PM IST
This is the world’s first diagnostic test to deploy a specially adapted Cas9 protein to successfully detect the virus causing Covid-19.
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Rohit Sharma of the Mumbai Indians and MS Dhoni of the Chennai Super Kings are seen at the coin toss during the Indian Premier League Final match at Rajiv Gandhi International Cricket Stadium on May 12, 2019 in Hyderabad.(Getty Images)
Rohit Sharma of the Mumbai Indians and MS Dhoni of the Chennai Super Kings are seen at the coin toss during the Indian Premier League Final match at Rajiv Gandhi International Cricket Stadium on May 12, 2019 in Hyderabad.(Getty Images)

Five companies keen on IPL title sponsorship

By Rasesh Mandani | Mumbai
UPDATED ON AUG 15, 2020 08:44 AM IST
It is learnt Tata group, Reliance Jio, Patanjali, and edu tech platforms Byjus and Unacademy have met Friday’s deadline for submitting Expression Of Interest (EOI).
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Cyrus Mistry is fighting a court battle over his ouster in October 2016 and is seeking proportional board representation as the largest shareholder in the holding company of the group.(Reuters)
Cyrus Mistry is fighting a court battle over his ouster in October 2016 and is seeking proportional board representation as the largest shareholder in the holding company of the group.(Reuters)

Brand value took a hit under Mistry, says Tata Sons

By Jayshree P Upadhyay | Livemint, Mumbai
UPDATED ON JUL 31, 2020 05:57 AM IST
The holding parent of Tata group companies said in a court filing that the bulk of operating companies underperformed the benchmark Sensex index, and that Tata Sons did not enter any significant business opportunities during Mistry’s tenure.
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AirAsia Airbus A320-200 planes are seen on the tarmac of Kuala Lumpur International Airport 2 (KLIA2) in Sepang, Malaysia.(REUTERS)
AirAsia Airbus A320-200 planes are seen on the tarmac of Kuala Lumpur International Airport 2 (KLIA2) in Sepang, Malaysia.(REUTERS)

Tata Sons in talks to buy out AirAsia India stake at steep discount: Report

By Reuters | Posted by: Shankhyaneel Sarkar | Bengaluru
UPDATED ON JUL 09, 2020 02:30 PM IST
Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture, according to the newspaper.
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Tata Starbucks, a 50:50 JV between Tata group firm TCPL and Starbucks Corporation, has added 39 new stores opened during the year, taking the total count to 185 stores in 11 cities.(HT file)
Tata Starbucks, a 50:50 JV between Tata group firm TCPL and Starbucks Corporation, has added 39 new stores opened during the year, taking the total count to 185 stores in 11 cities.(HT file)

Tata Starbucks posts 21% growth in 2019-20; TCPL invests Rs 53 crore in joint venture

By Press Trust of India | Posted by Prashasti Singh | New Delhi
UPDATED ON JUN 14, 2020 02:09 PM IST
During the financial year 2020-21, TCPL invested Rs 53 crore in the joint venture, taking the total investment to Rs 288.80 crore.
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Likewise, Tata Steel has struggled to maintain production levels, with capacity utilisation at its mills falling to less than half in the first month of the lockdown and is seeking a government bailout for its European operations.(AFP)
Likewise, Tata Steel has struggled to maintain production levels, with capacity utilisation at its mills falling to less than half in the first month of the lockdown and is seeking a government bailout for its European operations.(AFP)

Tatas scrap asset sale plan to shore up funds

By Jayshree P Upadhyay | Hindustan Times, Mumbai
PUBLISHED ON JUN 06, 2020 05:01 AM IST
The holding company of Tata group, in a statement on Friday, said it is well-capitalised and prepared to take on the challenges posed by the countrywide lockdown since March 25, which has brought economic activity to a near- standstill.
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A bench of justices AS Bopanna and Hrishikesh Roy tagged the petition along with the appeals filed by Tata Sons in January challenging the NCLAT verdict. Both appeals will now be heard together.(Amal KS/HT Photo)
A bench of justices AS Bopanna and Hrishikesh Roy tagged the petition along with the appeals filed by Tata Sons in January challenging the NCLAT verdict. Both appeals will now be heard together.(Amal KS/HT Photo)

SC issues notices to Tata in Mistry’s cross-appeal case

By Murali Krishna | Hindustan Times, New Delhi
UPDATED ON MAY 30, 2020 07:29 AM IST
The notices were issued on a plea moved by the two firms against a December 2019 ruling by the National Company Law Appellate Tribunal (NCLAT).
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A Tata Steel sign is seen outside their plant in Scunthorpe northern England.(REUTERS)
A Tata Steel sign is seen outside their plant in Scunthorpe northern England.(REUTERS)

Tata Steel leaves Indian Steel Association

By Press Trust of India | New Delhi
UPDATED ON MAY 05, 2020 02:05 PM IST
An ISA President is elected for a period of two years.
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A Jaguar Land Rover (JLR) is among several companies that have halted or are in the process of suspending operations.(Bloomberg file photo)
A Jaguar Land Rover (JLR) is among several companies that have halted or are in the process of suspending operations.(Bloomberg file photo)

Tata-owned JLR suspends production

By Prasun Sonwalkar | Hindustan Times, London
PUBLISHED ON MAR 21, 2020 12:35 AM IST
A company release said production will resume in the week beginning April 20 subject to a review of what it called “rapidly-changing circumstances”.
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Ratan Tata talked about the affectionate relationship he shared with JRD Tata which was more like ‘a father and a brother’.(Facebook/ Humans of Bombay)
Ratan Tata talked about the affectionate relationship he shared with JRD Tata which was more like ‘a father and a brother’.(Facebook/ Humans of Bombay)

Ratan Tata’s journey: From being the ‘worst choice’ to heading Tata Sons

By Srimoyee Chowdhury | Hindustan Times, New Delhi
UPDATED ON FEB 20, 2020 02:47 PM IST
In the second portion of the post, Tata talked about the role of JRD Tata as his mentor and how he played an integral part in Tata’s journey - guiding him to become the Chairman of the Tata Sons amidst criticism.
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Ratan Tata also hails his grandmother for supporting his career plans.(Facebook/ Humans of Bombay)
Ratan Tata also hails his grandmother for supporting his career plans.(Facebook/ Humans of Bombay)

Ratan Tata talks about love, life and more in this post. Read

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 13, 2020 11:37 AM IST
In the first post of a three-part series, Ratan Tata has shared a glimpse into his childhood, college days and family life.
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Ratan Tata has once again won the Internet over with his heartfelt message to a follower who referred to him ‘Chhotu’.(HT Photos)
Ratan Tata has once again won the Internet over with his heartfelt message to a follower who referred to him ‘Chhotu’.(HT Photos)

Ratan Tata’s special message for Instagram follower who called him ‘Chhotu’

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON FEB 12, 2020 04:31 PM IST
While Tata posted a wonderful reply the follower, many others weren’t as graceful. Tata recently shared a special message to the follower after noticing the comment had been deleted.
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Narayana Murthy was on stage to honour Ratan Tata with the Lifetime Achievement Award.(Instagram/@ratantata)
Narayana Murthy was on stage to honour Ratan Tata with the Lifetime Achievement Award.(Instagram/@ratantata)

Narayana Murthy touches Ratan Tata’s feet. ‘Best thing on Internet’, says Twitter

By Srimoyee Chowdhury | Hindustan Times, New Delhi
UPDATED ON SEP 22, 2020 06:28 PM IST
Ratan Tata himself showed gratitude towards Narayana Murthy as he shared the warm moment on his Instagram story.
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SC has stayed the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group.(Aniruddha Chowdhury/HT Photos)
SC has stayed the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group.(Aniruddha Chowdhury/HT Photos)

SC stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group

By Press Trust of India | New Delhi
UPDATED ON JAN 10, 2020 12:15 PM IST
Tata Sons Private Ltd (TSPL) challenged the December 18 decision of NCLAT that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman of TSPL.
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Hundreds of stray cattle are seen roaming on roads in Ludhiana.(HT File photo)
Hundreds of stray cattle are seen roaming on roads in Ludhiana.(HT File photo)

Local bodies department approves setting up of cow shelter in Noorpur Bet of Ludhiana

By Harsimran Singh Batra | Hindustan Times, Ludhiana, Ludhiana
PUBLISHED ON JAN 08, 2020 10:32 PM IST
Department also gives nod to establishing four dog pounds, one each in four MC zones, and approves rates fixed for slaughterhouse; civic body’s General House had passed proposals last September
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Cyrus P Mistry(Mint)
Cyrus P Mistry(Mint)

NCLAT restores Cyrus Mistry’s chairmanship of Tata Sons

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON DEC 19, 2019 01:35 AM IST
The tribunal has stayed the restoration of Mistry’s chairmanship for four weeks, to facilitate an appeal, but not some of the other key decisions.
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HT Image
HT Image

Mohali’s Medicity project a laggard

By Hillary Victor | Hindustan Times, Mohali, Mohali
UPDATED ON NOV 29, 2019 01:11 AM IST
Eight years on, only four hospitals have come forward to develop medical facilities over 9.2 acres out of 100 acres of New Chandigarh project; GMADA also fails to find takers for nursing centres
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Doodles: Zooming through the three balconies of leadership moments and learnings.(Getty Images)
Doodles: Zooming through the three balconies of leadership moments and learnings.(Getty Images)

Review: Doodles on Leadership by R Gopalakrishnan

By Sujoy Gupta | Hindustan Times
UPDATED ON NOV 22, 2019 08:04 PM IST
Doodles on Leadership by R Gopalakrishnan is an innovative contribution to Indian management literature
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