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tata group

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Tata Housing announces phase-2 of Noida-based Eureka Park residential project

The company will spend around 600 crore for the new phase, under which it will build approximately 650 units.
Representative Image (tatarealty.in)
Representative Image (tatarealty.in)
Published on Nov 17, 2021 06:15 PM IST
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PTI |

Tata Group calls historic takeover of Air India ‘rare privilege’

  • 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.”
The Tata Sons won the bid for the debt-laden airline for <span class='webrupee'>₹</span>18,000 crore, by buying out the Indian government of its 100 per cent stake.(AP)
The Tata Sons won the bid for the debt-laden airline for 18,000 crore, by buying out the Indian government of its 100 per cent stake.(AP)
Published on Oct 08, 2021 06:53 PM IST
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Byhindustantimes.com | Written by Ayshee Bhaduri | Edited by Sohini Goswami, Hindustan Times, New Delhi

13 years after Singur movement, Bengal minister says 'Tatas are welcome'

  • 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.
The 1,000 acres of land acquired by the then Buddhadeb Bhattacharya government on behalf of the Tatas was handed back to the West Bengal government in 2019(HT Photo)
The 1,000 acres of land acquired by the then Buddhadeb Bhattacharya government on behalf of the Tatas was handed back to the West Bengal government in 2019(HT Photo)
Published on Jul 19, 2021 03:36 PM IST
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Byhindustantimes.com | Written by Ayshee Bhaduri | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Tata acquires majority stake in BigBasket, invests $219 million

  • 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.
Supermarket Grocery Supplies, the owner and operator of BigBasket’s B2B business, issued 11 million fully paid-up and 4.7 million partly paid-up equity shares at <span class='webrupee'>₹</span>1,005.59 a share to Tata Digital to raise <span class='webrupee'>₹</span>1,116 crore (around $154 million).(File photo for representation)
Supermarket Grocery Supplies, the owner and operator of BigBasket’s B2B business, issued 11 million fully paid-up and 4.7 million partly paid-up equity shares at 1,005.59 a share to Tata Digital to raise 1,116 crore (around $154 million).(File photo for representation)
Published on May 29, 2021 07:41 AM IST
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ByBinu Paul, Hindustan Times, Bengaluru

Tatas win Mistry fight in top court

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.
Former Tata Group chairman Cyrus Mistry
Former Tata Group chairman Cyrus Mistry
Published on Mar 27, 2021 10:46 AM IST
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ByUtkarsh Anand, Hindustan Times, New Delhi

Bankers to go ahead with Shapoorji Pallonji recast plan

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.
SP Group’s earlier attempts to raise funds from Toronto-based Brookfield Asset Management Inc. by pledging a portion of Tata Sons’ shares were nixed by the Tatas.(Reuters file photo)
SP Group’s earlier attempts to raise funds from Toronto-based Brookfield Asset Management Inc. by pledging a portion of Tata Sons’ shares were nixed by the Tatas.(Reuters file photo)
Updated on Mar 27, 2021 01:10 AM IST
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ByGopika Gopakumar, Mumbai

Shapoorji Pallonji Group may lose bargaining edge

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.
The newly-renovated Bombay House. (HT Photo)
The newly-renovated Bombay House. (HT Photo)
Updated on Mar 27, 2021 01:11 AM IST
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ByAnirudh Laskar, Mumbai

‘Not an issue of winning or losing’: Ratan Tata after SC ruling on Mistry feud

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.
Tata said days after Mistry’s ouster that he was replaced as the chairperson of Tata Sons
Tata said days after Mistry’s ouster that he was replaced as the chairperson of Tata Sons "because the board of Tata Sons lost confidence in him and his ability to lead the Tata Group in future". (PTI Photo)
Published on Mar 26, 2021 02:55 PM IST
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Byhindustantimes.com | Written by Meenakshi Ray, New Delhi

Tata to buy BigBasket in over $1 billion deal

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.
SGS and Innovative Retail sell food, grocery, household items, personal and beauty care products through the BigBasket app.(BigBasket website)
SGS and Innovative Retail sell food, grocery, household items, personal and beauty care products through the BigBasket app.(BigBasket website)
Published on Mar 13, 2021 03:08 AM IST
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ByAnirudh Laskar, Mumbai

Ratan Tata shares tribute for Tata Group founder, post garners praise

The post is a tribute to Jamsetji Nusserwanji Tata, the founder of the Tata Group, on his birth anniversary.
The image was shared by Ratan Tata on Instagram.(Instagram/@ratantata)
The image was shared by Ratan Tata on Instagram.(Instagram/@ratantata)
Published on Mar 03, 2021 01:47 PM IST
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BySrimoyee Chowdhury

Tata Group to buy majority stake in BigBasket for $1.3 billion: Report

Tata's stake will translate into an enterprise value of 135 billion rupees for BigBasket, which is backed by Alibaba, ET Now said.
A Tata sign is seen outside their offices in London, Britain March 30, 2016. (Reuters)
A Tata sign is seen outside their offices in London, Britain March 30, 2016. (Reuters)
Published on Feb 16, 2021 07:16 PM IST
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Reuters | , Bengaluru

Construction work on New Parliament begins

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.
Tata Projects Limited emerged as the lower bidder for the tender to construct the new Parliament complex by quoting a bid of Rs.861.90 crore when the financial bids for the project opened on September 16(Bloomberg)
Tata Projects Limited emerged as the lower bidder for the tender to construct the new Parliament complex by quoting a bid of Rs.861.90 crore when the financial bids for the project opened on September 16(Bloomberg)
Updated on Jan 16, 2021 04:53 AM IST
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ByHT Correspondent, New Delhi

Tata group to plot flight path for aviation business

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.
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.(AFP)
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.(AFP)
Published on Jan 06, 2021 11:36 PM IST
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Hindustan Times, Mumbai/New Delhi | ByAnirudh Laskar and Rhik Kundu, Mumbai/new Delhi

Tata Sons to buy 33% stake in AirAsia India for $37mn

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.
AirAsia Bhd had in June approached the Tata group to sell its stake, as mandated by the terms of the joint venture under which Tata Sons has the first right to buy out the shares.(Mint)
AirAsia Bhd had in June approached the Tata group to sell its stake, as mandated by the terms of the joint venture under which Tata Sons has the first right to buy out the shares.(Mint)
Published on Dec 30, 2020 02:07 AM IST
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Livemint, New Delhi | ByRhik Kundu

Tata trusts get tax tribunal clearance in I-T case

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
The tribunal’s upholding of the original assessment is significant as it sets a precedent for subsequent years
The tribunal’s upholding of the original assessment is significant as it sets a precedent for subsequent years
Updated on Dec 29, 2020 05:55 AM IST
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Livemint, New Delhi | ByGireesh Chandra Prasad

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

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.
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)
Published on Dec 28, 2020 05:02 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Nilavro Ghosh

Multiple parties show interest in Air India: Govt

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.
In its latest attempt to offload the airline, the Indian government plans to sell 100% of Air India.(PTI)
In its latest attempt to offload the airline, the Indian government plans to sell 100% of Air India.(PTI)
Published on Dec 15, 2020 04:57 AM IST
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Mint, New Delhi | ByHT Correspondent

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

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.
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)
Published on Dec 10, 2020 04:15 PM IST
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ByBloomberg | Posted by Nilavro Ghosh

The $113 billion Tata empire faces tough decisions over airlines

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.
Vistara, started in 2015, pitched itself at the other end of the spectrum -- a carrier with a business-class cabin on all planes offering to fly rich Indian businessmen to London and New York.(Reuters file photo)
Vistara, started in 2015, pitched itself at the other end of the spectrum -- a carrier with a business-class cabin on all planes offering to fly rich Indian businessmen to London and New York.(Reuters file photo)
Published on Dec 07, 2020 11:47 AM IST
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ByBloomberg | Posted by Deepali Sharma

Covid-19 pandemic pushed India’s Taj Hotel chain to look to cut costs

“This was the historic opportunity to review our fixed and variable costs,” Chief Executive Officer Puneet Chhatwal said Wednesday.
Mumbai police personnel patrol outside Taj Hotel in Mumbai.(HT File Photo/Anshuman Poyrekar)
Mumbai police personnel patrol outside Taj Hotel in Mumbai.(HT File Photo/Anshuman Poyrekar)
Published on Nov 25, 2020 03:56 PM IST
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ByBloomberg | Posted by Kanishka Sarkar

Tata group to infuse up to $50 million in AirAsia

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
AirAsia Group, which owns a 49% stake in AirAsia India, last week said it is evaluating its money-losing airline joint venture in India with Tata Sons Ltd in the wake of the losses caused due to the coronavirus pandemic(Satyabrata Tripathy/HT Photo)
AirAsia Group, which owns a 49% stake in AirAsia India, last week said it is evaluating its money-losing airline joint venture in India with Tata Sons Ltd in the wake of the losses caused due to the coronavirus pandemic(Satyabrata Tripathy/HT Photo)
Updated on Nov 24, 2020 05:33 AM IST
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Hindustan Times, New Delhi | ByRhik Kundu and Swaraj Singh Dhanjal

Singapore Airline’s India venture Vistara eyes direct flights to US

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.
A Vistara Airbus A320 passenger aircraft prepares for takeoff at Chhatrapati Shivaji International airport in Mumbai, India, July 11, 2018 (REUTERS/Francis Mascarenhas)(REUTERS)
A Vistara Airbus A320 passenger aircraft prepares for takeoff at Chhatrapati Shivaji International airport in Mumbai, India, July 11, 2018 (REUTERS/Francis Mascarenhas)(REUTERS)
Updated on Nov 21, 2020 02:00 PM IST
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New Delhi | ByReuters | Posted by Karan Manral

Feluda test kit to be made available in 8 metro cities

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.
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.(HT Photo)
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.(HT Photo)
Updated on Nov 20, 2020 04:53 AM IST
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New Delhi | ByAnonna Dutt

Shapoorji Pallonji group’s new offer unlikely to sway Tatas

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.
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)
Published on Oct 31, 2020 05:52 AM IST
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Hindustan Times, Mumbai | BySwaraj Singh Dhanjal and Jayshree P Upadhyay

Mistry family proposes share swap to exit Tatas

or the unlisted Tata group companies, the SP group has sought an independent valuation followed by payment in cash or in listed securities.
Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)
Ratan Tata (R) and Cyrus Mistry(Kalpak Pathak/HT File Photo)
Updated on Oct 30, 2020 05:08 AM IST
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Mint, Mumbai | ByJayshree P Upadhyay

Tata eyes majority stake in e-grocer BigBasket

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.
The deal, if struck, will give Tata group an immediate head-start to take on the three big players in India’s thriving online grocery marketplace: Reliance Industries Ltd, Walmart-owned Flipkart and Amazon.(Bloomberg)
The deal, if struck, will give Tata group an immediate head-start to take on the three big players in India’s thriving online grocery marketplace: Reliance Industries Ltd, Walmart-owned Flipkart and Amazon.(Bloomberg)
Published on Oct 28, 2020 06:12 AM IST
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Hindustan Times, Mumbai | ByAnirudh Laskar

New book offers insight into Tata Group

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.
The book, “The Learning Factory: How The Leaders of Tata Became National Leaders”, is written by Arun Maira. (Representation Image)(Unsplash)
The book, “The Learning Factory: How The Leaders of Tata Became National Leaders”, is written by Arun Maira. (Representation Image)(Unsplash)
Updated on Oct 27, 2020 03:54 PM IST
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New Delhi | ByPress Trust of India | Posted by Jahnavi Gupta

Tata group wants a slice of BigBasket

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.
Mint reported on May 25 that BigBasket has appointed Goldman Sachs and Morgan Stanley to help raise funds and that the e-grocer is eyeing a valuation of $2 billion in its latest round.(Bloomberg file photo)
Mint reported on May 25 that BigBasket has appointed Goldman Sachs and Morgan Stanley to help raise funds and that the e-grocer is eyeing a valuation of $2 billion in its latest round.(Bloomberg file photo)
Updated on Oct 15, 2020 08:17 AM IST
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Livemint, Mumbai | BySwaraj Singh Dhanjal and Deborshi Chaki

Why Tanishq withdrew ad showing inter-faith marriage: Chronology of a ‘killed’ campaign | Opinion

Soon after its release, the Tanishq campaign immediately led to the hashtag #BoycottTanishq. The 45-second film faced massive backlash on social media.
The Tanishq advertisement showed a Muslim family celebrating a traditional Hindu baby shower ceremony for their pregnant daughter-in-law.
The Tanishq advertisement showed a Muslim family celebrating a traditional Hindu baby shower ceremony for their pregnant daughter-in-law.
Updated on Oct 14, 2020 07:10 PM IST
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Hindustan Times, New Delhi | ByAditi Prasad

Walmart looking at up to $25 billion investment in Tata Group’s ‘super app’

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.
The Walmart investment could touch $20 billion to $25 billion eventually for a large stake in the proposed super app that will be hosted under a Tata Sons unit, according to the Mint report.(Getty Images)
The Walmart investment could touch $20 billion to $25 billion eventually for a large stake in the proposed super app that will be hosted under a Tata Sons unit, according to the Mint report.(Getty Images)
Published on Sep 29, 2020 10:26 AM IST
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Bengaluru | ByReuters
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Sunday, November 28, 2021