The company will spend around ₹600 crore for the new phase, under which it will build approximately 650 units.
Published on Nov 17, 2021 06:15 PM IST
- In a statement, a spokesperson of the company said, “At the Tata group, we are delighted to be declared as the winner of the bid for Air India. This is a historic moment, and it will be a rare privilege for our Group to own and operate the country’s flag bearer airline.”
Published on Oct 08, 2021 06:53 PM IST
hindustantimes.com | Written by Ayshee Bhaduri | Edited by Sohini Goswami, Hindustan Times, New Delhi
- TMC's Partha Chatterjee further elaborated that the TMC did not fight against the Tatas nor can they be blamed for what happened in Singur 13 years earlier.
Published on Jul 19, 2021 03:36 PM IST
hindustantimes.com | Written by Ayshee Bhaduri | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
- Filings showed that Tata Digital had committed in an investment of ₹1,591 crore ($219 million) in BigBasket, of which the e-grocer has received ₹1,116 crore (about $154 million) in the first tranche.
Published on May 29, 2021 07:41 AM IST
, Hindustan Times, BengaluruBinu Paul
The court also answered all questions of law in the case in favour of Tata Sons, ruling that Tata Sons’ actions did not amount to mismanagement or oppression of minority shareholders.
Published on Mar 27, 2021 10:46 AM IST
Utkarsh Anand, Hindustan Times, New Delhi
Considering that the SC has ruled that it cannot adjudicate on the fair valuation of the two company’s shares, the issue of a potential exit of the Mistry family from Tata Sons remains in limbo.
Updated on Mar 27, 2021 01:10 AM IST
, MumbaiGopika Gopakumar
The SP Group had asked the top court to allow a separation of the group’s ownership interest through the 18.37% stake in Tata Sons by extinguishing the shares held by SP Group in lieu of a fair compensation or equities of listed Tata Group companies.
Updated on Mar 27, 2021 01:11 AM IST
, MumbaiAnirudh Laskar
A Supreme Court bench headed by Chief Justice of India SA Bobde and also comprising justice AS Bopanna and justice V Ramasubramanian set aside the NCLAT order from December 18, 2019.
Published on Mar 26, 2021 02:55 PM IST
hindustantimes.com | Written by Meenakshi Ray, New Delhi
Tata Sons’ digital services subsidiary Tata Digital Ltd has proposed to acquire up to 64.3% stake in Supermarket Grocery Supplies Pvt. Ltd (SGS), which sells products to commercial units through business.bigbasket.com in the first step.
Published on Mar 13, 2021 03:08 AM IST
, MumbaiAnirudh Laskar
The post is a tribute to Jamsetji Nusserwanji Tata, the founder of the Tata Group, on his birth anniversary.
Published on Mar 03, 2021 01:47 PM IST
Tata's stake will translate into an enterprise value of 135 billion rupees for BigBasket, which is backed by Alibaba, ET Now said.
Published on Feb 16, 2021 07:16 PM IST
Reuters | , Bengaluru
The plan, being handled by the Union ministry of housing and urban affairs, involves having a new Parliament building in place by India’s 75th Independence Day in 2022, while the entire project is slated to be finished by 2024.
Updated on Jan 16, 2021 04:53 AM IST
HT Correspondent, New Delhi
Tata group also owns 51% of Vistara, with the rest held by Singapore Airlines (SIA). Meanwhile, under the share-purchase pact with AirAsia Bhd, Tata Sons has the option to raise its stake to 100% in AirAsia India.
Published on Jan 06, 2021 11:36 PM IST
Hindustan Times, Mumbai/New Delhi | , Mumbai/new DelhiAnirudh Laskar and Rhik Kundu
Tata Sons, which owns a 51% stake in the Indian joint venture, also has the option to buy out AirAsia Bhd’s remaining 16.33% stake after the closure of the deal.
Published on Dec 30, 2020 02:07 AM IST
Livemint, New Delhi |Rhik Kundu
Tribunal rules there is no violation in earlier assessment.The tribunal’s upholding of the original assessment for assessment year 2014-15 is significant as it sets a precedent for subsequent years too
Updated on Dec 29, 2020 05:55 AM IST
Livemint, New Delhi |Gireesh Chandra Prasad
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.
Published on Dec 28, 2020 05:02 PM IST
Hindustan Times, New Delhi |hindustantimes.com | Edited by Nilavro Ghosh
The government has been looking for a buyer for the state-run airline since 2017 but has drawn a blank so far as investors have been deterred by the money-losing airline’s huge debt load.
Published on Dec 15, 2020 04:57 AM IST
Mint, New Delhi | HT Correspondent
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.
Published on Dec 10, 2020 04:15 PM IST
Tata Group, although aviation only accounts for a small share of its total revenue, is often pinpointed by local media as the most likely suitor of the national airlines.
Published on Dec 07, 2020 11:47 AM IST
“This was the historic opportunity to review our fixed and variable costs,” Chief Executive Officer Puneet Chhatwal said Wednesday.
Published on Nov 25, 2020 03:56 PM IST
The fund infusion through a mix of debt and equity could see the Tata group’s stake in AirAsia India Ltd grow beyond the current 51%, the people said on condition of anonymity
Updated on Nov 24, 2020 05:33 AM IST
Hindustan Times, New Delhi |Rhik Kundu and Swaraj Singh Dhanjal
Though the specific timeframe and aircraft requirements are yet to be finalised, the airline is studying various scenarios for direct flights, Vinod Kannan, chief commercial officer, Vistara, said. Currently, flag carrier Air India is the only Indian airline offering direct flights to the US.
Updated on Nov 21, 2020 02:00 PM IST
New Delhi |Reuters | Posted by Karan Manral
The test kit would first become available in Apollo labs in Delhi, Bengaluru, Chennai, Hyderabad, Mumbai, Kolkata, Pune, and Ahmedabad, people aware of the matter said, identifying the first week of December for the rollout.
Updated on Nov 20, 2020 04:53 AM IST
New Delhi | Anonna Dutt
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.
Published on Oct 31, 2020 05:52 AM IST
Hindustan Times, Mumbai |Swaraj Singh Dhanjal and Jayshree P Upadhyay
or the unlisted Tata group companies, the SP group has sought an independent valuation followed by payment in cash or in listed securities.
Updated on Oct 30, 2020 05:08 AM IST
Mint, Mumbai |Jayshree P Upadhyay
For the Tata group, the deal is aimed at securing as much control as possible in India’s fast-growing e-commerce market before Reliance Industries Ltd and Flipkart become too big, said the second person.
Published on Oct 28, 2020 06:12 AM IST
Hindustan Times, Mumbai |Anirudh Laskar
From high-velocity practices to old-fashioned principles, a new book through people-centric episodes gives a peek-into the values that made the Tata Group the giant it is today.
Updated on Oct 27, 2020 03:54 PM IST
New Delhi |Press Trust of India | Posted by Jahnavi Gupta
Two people familiar with the matter said the Mumbai-based conglomerate may in the first step join the ongoing fundraise of Alibaba-backed BigBasket, which is looking to raise around $200 million in primary equity infusion.
Updated on Oct 15, 2020 08:17 AM IST
Livemint, Mumbai |Swaraj Singh Dhanjal and Deborshi Chaki
Soon after its release, the Tanishq campaign immediately led to the hashtag #BoycottTanishq. The 45-second film faced massive backlash on social media.
Updated on Oct 14, 2020 07:10 PM IST
Hindustan Times, New Delhi |Aditi Prasad
According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata’s e-commerce business and Flipkart, Walmart’s e-commerce unit, according to the report.
Published on Sep 29, 2020 10:26 AM IST