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tata sons

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Tata Housing to invest 600 crores in upcoming Noida project

The project, Eureka Park Phase 2, will come up in Sector 150 of Noida and will offer 3bhk flats to address the rising demand.
Tata Housing’s Amantra in Mumbai (Image credit: tatarealty.in)
Tata Housing’s Amantra in Mumbai (Image credit: tatarealty.in)
Published on Nov 17, 2021 10:12 PM IST
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PTI | , Noida

Watch: India's 1st commercial flight by JRD Tata re-enacted by Tata group 

JRD Tata's historic flight re-enacted
JRD Tata's historic flight re-enacted
Published on Oct 16, 2021 07:27 PM IST
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Air India sale: Govt eyes at monetising Alliance Air, other AI subsidiaries

  • With the Tata Sons winning the Air India bid at 18,000 crore, the government is now looking at possibilities to sell its remaining four subsidiaries.
Tatas won the Air India bid at <span class='webrupee'>₹</span>18,000 crore on Friday, reclaiming what they lost nearly 7 decades ago. (AFP)
Tatas won the Air India bid at 18,000 crore on Friday, reclaiming what they lost nearly 7 decades ago. (AFP)
Published on Oct 10, 2021 03:42 PM IST
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Byhindustantimes.com | Written by Sharmita Kar | Edited by Poulomi Ghosh, New Delhi

What will happen to Air India employees? What about Maharaja logo?

There will be no restriction on Tata Sons regarding the future merger, the finance ministry said. 
Air India brand has eight logos which the new owner will never be able to transfer to any foreign entity. 
Air India brand has eight logos which the new owner will never be able to transfer to any foreign entity. 
Published on Oct 08, 2021 05:05 PM IST
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Byhindustantimes.com | Written by Poulomi Ghosh

Tata Sons to take over Air India, wins bid at 18,000 crore

With this, the airline will go back to the Tatas who have a long history with the national carrier. JRD Tata founded the airline in 1932 and it was at that time called Tata Airlines.
Tata Sons bid <span class='webrupee'>₹</span>180 billion for the government's 100% stake in Air India, a finance ministry official told reporters, Reuters reported.(REUTERS)
Tata Sons bid 180 billion for the government's 100% stake in Air India, a finance ministry official told reporters, Reuters reported.(REUTERS)
Published on Oct 08, 2021 04:14 PM IST
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Byhindustantimes.com | Written by Poulomi Ghosh

Tata Sons emerges as the winner in Air India bid. What ailed the Maharaja?

  • With Tata Sons emerging as Air India next owners, this handover could come as a relief for Prime Minister Narendra Modi as the enterprise, for decades, was bleeding the government.
Air India Boeing 777 plane is seen at O'Hare International Airport in Chicago, US. (REUTERS)
Air India Boeing 777 plane is seen at O'Hare International Airport in Chicago, US. (REUTERS)
Published on Oct 01, 2021 01:16 PM IST
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Written by Shankhyaneel Sarkar | Edited by Meenakshi Ray, Hindustan Times, New Delhi

Tata Sons said to be selected as winning bidder for Air India: Report

Air India divestiture: Tata Sons was said to be selected as the winning bidder for Air India for Friday, a report by the Bloomberg news agency said. 
Tata Sons was reported to have won the bidding for cash-strapped state carrier Air India. (File Photo / PTI)
Tata Sons was reported to have won the bidding for cash-strapped state carrier Air India. (File Photo / PTI)
Updated on Oct 01, 2021 11:49 AM IST
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Reuters |

Tata Sons to hold 103rd AGM today

The meeting will take place via video conferencing.
Tata Sons to hold 103rd AGM today (Reuters | Representational image)
Tata Sons to hold 103rd AGM today (Reuters | Representational image)
Published on Sep 14, 2021 07:02 AM IST
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Byhindustantimes.com, New Delhi

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

Supreme Court upholds Tata Sons' appeal in Mistry case, sets aside NCLAT order

The Supreme Court said that all the appeals filed by Tata Sons against Cyrus Mistry are allowed. "We leave it to Tata Sons and Mistry to take the legal route to resolve issues of shares," it added.
Former Tata Group chairman Cyrus Mistry
Former Tata Group chairman Cyrus Mistry
Updated on Mar 26, 2021 12:58 PM IST
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Byhindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

AirAsia sells stake in India venture to Tata for $38 million

AirAsia Group last month said it was reviewing investment in its cash-strapped Indian affiliate, hours after its Japan unit filed for bankruptcy. The group has also stopped funding AirAsia India leaving the future of the company largely dependent on India’s Tata Group.
AirAsia India started flying in 2014 with a promise to break even in four months, but it’s never made money in what is one of the world’s most difficult markets(REUTERS)
AirAsia India started flying in 2014 with a promise to break even in four months, but it’s never made money in what is one of the world’s most difficult markets(REUTERS)
Updated on Dec 30, 2020 09:18 AM IST
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ByBloomberg | Posted by Ayshee Bhaduri

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

BJP MP asks Hardeep Puri to disqualify Tata Sons from Air India’s bidding process

Subramanian in 2013 had filed a writ petition in the Delhi high court challenging the illegal grant of license to Air Asia India, which is a joint venture with Tata Sons
Representational image.(Bloomberg)
Representational image.(Bloomberg)
Updated on Dec 23, 2020 10:04 AM IST
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Hindustan Times, Mumbai | ByNeha LM Tripathi

Ratan Tata: Doyen of industry, leading philanthropist

RATAN NAVAL TATA: This Tata Group ex-chairman was instrumental in the key acquisitions of Tetley, Jaguar Land Rover & Corus, that built a global brand. He is a Padma Bhushan & Padma Vibhushan awardee.
Ratan Tata(Mohit Suneja)
Ratan Tata(Mohit Suneja)
Updated on Dec 21, 2020 08:15 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Post-Covid world order offers limitless opportunity for India: Tata Sons Chairman

Speaking at the 93rd annual convention of industry Chamber FICCI, he also said that if the idea “that the 2020s belong to India” has to be realised, industry should be bold and start visioning all projects at scale, while there is also a need a new focus on talent, enable data and bandwidth.
Stating that there is tremendous and limitless opportunity for India in the aftermath of the coronavirus pandemic, N Chandrasekaran said that in the past, India has often struggled to grow manufacturing as a percentage of GDP.(File Photo)
Stating that there is tremendous and limitless opportunity for India in the aftermath of the coronavirus pandemic, N Chandrasekaran said that in the past, India has often struggled to grow manufacturing as a percentage of GDP.(File Photo)
Published on Dec 12, 2020 12:17 PM IST
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New Delhi | ByPress Trust of India| Posted by Susmita Pakrasi

Tata Sons pegs Shapoorji Pallonji stake at half the latter’s claim of Rs 1.75

Appearing for the Tata group, senior counsel Harish Salve told a Supreme Court bench headed by Chief Justice SA Bobde that the group’s estimate of the value of the stake is far lower than what has been claimed.
“As per our calculations, the Pallonji Group shareholding in Tata Sons is worth not more than Rs 70,000 crore to Rs 80,000 crore,” Salve told the court.(Reuters file photo)
“As per our calculations, the Pallonji Group shareholding in Tata Sons is worth not more than Rs 70,000 crore to Rs 80,000 crore,” Salve told the court.(Reuters file photo)
Updated on Dec 09, 2020 08:20 AM IST
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Livemint, New Delhi/Mumbai | ByJapnam Bindra and Deborshi Chaki

Tata-Mistry case: Supreme Court fixes final hearing on December 2

A bench headed by Chief Justice SA Bobde questioned senior advocate C A Sundaram, appearing for Cyrus Mistry and his firms, for filing applications repeatedly when the case was already listed for final hearing.
Tata Sons had moved the top court seeking to restrain the Mistry group from raising capital against their shares. It sought to prevent SP Group from creating any direct or indirect pledge of shares.(HT Archive)
Tata Sons had moved the top court seeking to restrain the Mistry group from raising capital against their shares. It sought to prevent SP Group from creating any direct or indirect pledge of shares.(HT Archive)
Updated on Nov 18, 2020 09:01 PM IST
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New Delhi | ByPress Trust of India | Posted by Shankhyaneel Sarkar

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 courts investors for digi platform

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
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)
Published on Sep 29, 2020 05:53 AM IST
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Mumbai | ByBloomberg

Shapoorji Pallonji group may agree to staggered payments

Shapoorji Pallonji (SP) group and Tata group are valuing the shares of Tata Sons on four parameters—the value of listed companies, value of unlisted firms, brand value and debt.
A construction worker walks past a hoarding of Indian conglomerate Shapoorji Pallonji Group on the outskirts of Mumbai.(Reuters File Photo)
A construction worker walks past a hoarding of Indian conglomerate Shapoorji Pallonji Group on the outskirts of Mumbai.(Reuters File Photo)
Published on Sep 29, 2020 05:45 AM IST
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Mint, Mumbai | ByJayshree P Upadhyay and Deborshi Chaki

SP group’s stake value may be new point of friction with Tatas

The first point of friction could be the valuation of the SP group’s 18.4% stake in Tata Sons. While Tata Sons’ court filings peg the valuation of this stake at around 1.5 lakh crore, the SP group claims it is closer to 1.8 lakh crore.
According to experts, in case SP group cannot bring in a buyer who will propose a price for its stake, arriving at a consensus valuation could become a tricky issue.(REUTERS)
According to experts, in case SP group cannot bring in a buyer who will propose a price for its stake, arriving at a consensus valuation could become a tricky issue.(REUTERS)
Published on Sep 24, 2020 12:47 AM IST
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Hindustan Times, Mumbai | BySwaraj Singh Dhanjal, Mumbai

Ball now in Bombay House’s court as Shapoorji Pallonji group eyes an exit

The SP group will have to offer the stake to Tata Sons first because the latter has the right of first refusal on the shares as per the company’s articles of association (AoA), which were amended after the ouster of Cyrus Mistry as chairman of the Tata group holding company in 2016.
Tata Trusts would need a specific exemption from the government to buy the shares of SP group directly as charitable trusts cannot acquire shares under law.
Tata Trusts would need a specific exemption from the government to buy the shares of SP group directly as charitable trusts cannot acquire shares under law.
Updated on Sep 24, 2020 02:48 AM IST
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Hindustan Times, Mumbai | ByJayshree P Upadhyay and Swaraj Singh Dhanjal

Pallonji Group seeks to sell Tata stake amid feuds

“The action by Tata Sons to block this crucial fund raise, without any heed for the collateral consequences, is the latest demonstration of their vindictive mind-set,” the SP Group said in a statement late Tuesday.
“This is the first time the Shapoorji Pallonji Group has expressed willingness to sell Tata shares,” said Arun Kejriwal, director at KRIS, an investment advisory firm in Mumbai. “The group is in a financial mess. The best option before the group is to sell the stake to the right suitor to tide over the crisis.”(REUTERS)
“This is the first time the Shapoorji Pallonji Group has expressed willingness to sell Tata shares,” said Arun Kejriwal, director at KRIS, an investment advisory firm in Mumbai. “The group is in a financial mess. The best option before the group is to sell the stake to the right suitor to tide over the crisis.”(REUTERS)
Updated on Sep 23, 2020 11:14 AM IST
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ByBloomberg | Posted by Amrutha Kosuru

Brand value took a hit under Mistry, says Tata Sons

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.
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)
Updated on Jul 31, 2020 05:57 AM IST
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Livemint, Mumbai | ByJayshree P Upadhyay

Tata eyes exit from AirAsia JV amid turbulence

AirAsia Bhd, which is facing headwinds due to airline industry disruptions from Covid-19, had in June approached the Tata group to sell its stake, as mandated by the terms of the joint venture (JV) under which Tata Sons has the right of first refusal, a person aware of the matter said.
Tata Sons, the holding company of the Tata group, has a 51% stake in AirAsia India.(Reuters File Phot o)
Tata Sons, the holding company of the Tata group, has a 51% stake in AirAsia India.(Reuters File Phot o)
Updated on Jul 12, 2020 11:20 PM IST
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Mint, Mumbai/New Delhi | ByAnirudh Laskar and Rhik Kundu

‘Mistry’s fight not about governance’

Mistry is fighting a court battle against Tata Sons over his ouster from the Tata group, and is seeking proportional board representation as the largest shareholder in Tata Sons.
Tata Sons chairman emeritus Ratan Tata.
Tata Sons chairman emeritus Ratan Tata.
Published on Jul 11, 2020 04:52 AM IST
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Hindustan Times, Mumbai | ByJayshree P Upadhyay, Mumbai

Tatas scrap asset sale plan to shore up funds

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.
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)
Published on Jun 06, 2020 05:01 AM IST
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Hindustan Times, Mumbai | ByJayshree P Upadhyay

Tata Sons wins temporary relief in feud with Cyrus Mistry

Last month, the NCLAT said Mistry was illegally ousted in October 2016 at the behest of Ratan Tata, the chairman-emeritus of the group, and that the actions were “oppressive” for minority shareholders.
On December 18, the NCLAT said Tata Sons illegally removed Cyrus Mistry as chairman.(Reuters File Photo)
On December 18, the NCLAT said Tata Sons illegally removed Cyrus Mistry as chairman.(Reuters File Photo)
Published on Jan 11, 2020 03:14 AM IST
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Livemint, New Delhi | ByPrathma Sharma

LED streetlights row in Ludhiana: Facing flak, Tata firm officials meet Mamta Ashu

While Mamta slammed the company over non-functional streetlights and its failure in completing the project even in one of the four zones of the city, the officials blamed the poor infrastructure and delay by the municipal corporation (MC) in granting permissions, for the alleged slow pace of the project. 
HT Image
HT Image
Updated on Jan 07, 2020 10:47 PM IST
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Hindustan Times, Ludhiana | ByHT Correspondent, Ludhiana
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Tuesday, November 30, 2021