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Singapore Airlines CEO Goh Choon Phong held meetings with Tata Sons Chairman N Chandrasekaran and other senior executives on Thursday. Both sides are believed to have detailed discussions on loss-making Air India. Goh Choon Phong arrived at the Bombay House, the headquarters of the Tata Group, on Thursday morning and left in the evening. Tata Group acquired Air India from the Indian government in January 2022, and later Singapore Airlines purchased a 25.1 per cent stake in the airline. A source said that he met Chandrasekaran, who is also the Air India Chairman, and other senior executives. Details about the meetings with the Tata Group executives could not be immediately ascertained. The meeting assumes significance against the backdrop of Air India facing multiple headwinds, including spiralling operating costs due to the airspace curbs in the wake of the West Asia conflict and the closure of Pakistan airspace for nearly a year now. These restrictions have forced the airline,
Tata Group Chairman Natarajan Chandrasekaran has been conferred with honorary Knighthood by the British government in recognition of his stellar contribution to strengthening India-UK business relations. He was presented the 'Knight Commander of the Most Excellent Order of the British Empire (KBE)' at an event at the British high commissioner's residence here on Wednesday night. "The Tata Group is a long-standing investor in the UK with operations spanning automotive, steel, technology, and consumer sectors. It plays an important role in supporting UK jobs, advanced manufacturing, and the transition to clean technologies," the high commission said in a statement. "As Chairman of Tata Group, he has made an exceptional contribution to UK-India business relations and to investing in the UK over many years," it said. Lindy Cameron, British High Commissioner to India, described Chandrasekaran as "an amazing friend of the UK and an iconic figure in India's corporate world". The honour w
Tata Sons Chairman N Chandrasekaran on Saturday said Air India, which is undergoing a transformation, is not just a business opportunity but a "responsibility" for the Tata Group. The aviation sector faces continous challenges, he said and added that the global supply chain issues make availability of parts, infrastructure and new fleet pretty unpredictable. "Every plan that you have is becoming difficult because of the situations that you face in this area," he said. Chandrasekaran also mentioned that the aviation is a very capital intensive business and also the margins are thin. At an event in the city to celebrate the 121st birth anniversary of J R D Tata, Chandrasekaran said, "I firmly believe for the Tata Group, Air India is just not a business opportunity. It's a responsibility". Tatas acquired loss-making Air India along with Air India Express in January 2022, and since then, the group has been working on an ambitious five-year transformation plan. However, the progress ha
Tata Sons chairman N Chandrasekaran on Tuesday said India should help solve the global carbon emissions problem, adding it will require innovation and technology. We should contribute to solving the global problem of carbon emissions because unfortunately, India cannot afford the same level of carbon emissions as the Western world incurred to achieve their economic progress, he said. Doing so requires innovation and technology, Chandrasekaran told PTI at launch of the book 'Hope for Life on Our Planet: Inspiration for Seven Generations', at Bombay House, the headquarters of the Tata Group in south Mumbai. Carbon emissions are the release of carbon-containing gases, primarily carbon dioxide, into the atmosphere, mostly from the burning of fossil fuels for energy. India, as you know, has been a thriving economy and the aspiration level of the country is growing. Not only from the government, but people from all walks of life, be it business, sports, artspeople living in urban and ...