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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 ...
Tata Sons Chairman N Chandrasekaran on Monday exuded confidence that the future looks "very strong and bright" as growing consumption in India will drive the growth of the travel sector, sharing his outlook at the Tata Group-owned Indian Hotels Company Limited's (IHCL) AGM. Addressing shareholders of IHCL, the country's biggest hospitality player, Chandrasekaran shared that the "intent is to achieve a total global footprint of 700 hotels by 2030 and double the revenues to cross Rs 15,000 crore". The Tata Sons Chairman began his address at the Annual General Meeting (AGM) by paying tributes to those who lost their lives at the Air India plane crash recently, and also expressed a "deep sense of loss" at the passing away of Ratan Tata last October. "To lose a single person we know is a tragedy, but for so many deaths to occur at once is incomprehensible. Our thoughts are with them. I also would like to express a deep sense of loss on the passing away of Ratan Tata in October 2024. "He