Page 4 - N Chandrasekaran

Need to be prepared for more disruption in 2024: Tata Sons Chairman

The complexity of global governance will reach new heights in 2024, and there should be preparedness for more disruption and volatility, according to Tata Sons Chairman N Chandrasekaran. In his New Year message to employees of the Tata Group, Chandrasekaran identified three priorities -- execution, customer satisfaction and technology -- for the group as it moves forward with its transformation journey in the next year, asserting the next decade will belong to companies who excel in giving customers excellent experiences. He described 2023 as "a tumultuous year", when the world faced an array of destabilising trends, from escalating geopolitical tensions to the mass adoption of generative AI (artificial intelligence) to the ever-accelerating push toward sustainability. "Some of these trends have been welcome; others much less so. But all of them have made the rules and processes governing our world trickier to navigate and all of them have added to the pressure to adapt," ...

Tata Group needs to find substantial growth, ward off Ambani's Reliance

Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram's $10 billion valuation

World seeing transitions in digital, energy, supply chains: Chandrasekaran

G20 nations will consider 54 recommendations and 172 policy enablers drawn up by B20 leaders

Tata Sons Chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration

With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23

Tata Motors to remain focused on profitability, cash flows: Chandrasekaran

Tata Motors on Tuesday said it will continue to remain focused on executing its strategy to deliver growth, profitability and free cash flows consistently. Addressing virtually Tata Motors shareholders at the company's 78th AGM here, chairman N Chandrasekaran also said that the domestic business is expected to achieve the 'zero debt' target by this fiscal while the subsidiary company JLR will achieve it in the calendar year 2024. "We have an exciting journey ahead of us and the management teams are very committed and focused towards accelerating our journey towards this transformation," Chandrasekaran told shareholders. "Tata Motors will continue to remain focused on executing its strategy to deliver growth, profitability and free cashflows consistently," he said. Looking ahead, he said, all three businesses of the company - commercial vehicles, passenger vehicles and electric vehicles -- and Jaguar Land Rover are all geared for growth as well as leadership in each of their ...

Tata Steel dismisses 35 for 'unacceptable practices', says ethics priority

Company will uphold 'highest values' and has a zero-tolerance policy for breach, says Chandrasekaran

After TCS, Tata Steel suspends 35 employees for ethical misconduct

Another three employees were fired for sexual misconduct, taking the total tally to 38

TCS will take strong action against staff over ethics breach: Chandra

TCS bans six employees, six staffing firms in hiring scam

TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam

TCS has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons Chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting here. "We have banned six employees and also six companies," he said in response to questions from shareholders. He said the company received two separate whistleblower complaints -- one pertaining to appointment of business associates or contractual workers in the US, and one in India, in late February and March, after which it investigated the allegations. Chandrasekaran said he cannot quantify the favours these employees got but the banned employees behaved in such a way that they were favouring certain firms. "The company will look at the whole BA (Business Associate) supplier management process and see what

Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

The rise in interest rates has revealed hidden stresses in parts of the banking sector and this could impact global growth in the coming year, according to Tata Group and Tata Motors Chairman N Chandrasekaran. In his address to shareholders of Tata Motors in the annual report for 2022-23, he said, "the current year witnessed a surge in inflation requiring coordinated action by most central banks to increase interest rates to control inflationary expectations." Chandrasekaran further wrote, "While inflation is starting to moderate, the rise in interest rates has also revealed hidden stresses in parts of the banking sector that enjoyed a long run of low-interest rates and hence not prepared for the rate rise. This could impact global growth in the coming year." Recollecting his last year's message, he said, "recent history has been relentless with the global pandemic, military conflict, growing inequality, supply chain shortages and more." These challenges are resulting in structural

Tata Consumer biz to see high growth, open to acquisitions: Chandrasekaran

Tata Consumer Products Ltd (TCPL) will see high growth in the domestic market, according to Chairman N Chandrasekaran, who also expressed the company's openness to acquisitions and expanding into new categories. India's business growth would continue to outpace that of the international market, with the percentage of revenue from the Indian market expected to increase, Chandrasekaran said replying to shareholders at the 60th AGM. India business has a higher margin, especially the branded businesses at around 14 per cent and international business at 11 per cent, the executive said. "Currently, we're expanding both the beverages and food businesses. So there's a lot of focus in these businesses, we got to scale them. And also we are investing in R&D and innovation. We are looking at new categories and looking at acquisition opportunities," he said. Last year, TCPL successfully launched 34 products. Currently, TCPL's branded tea contributes 47 per cent to the total revenue, ...

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

Healthcare services to lead job boom: Tata group Chairman N Chandrasekaran

Both Tata Motors and Tata Power have set up separate subsidiaries to make the foray into EV and green energy

Here's how K Krithivasan will spend his first six months as TCS CEO

Krithivasan will take over as the chief executive officer of Tata Consultancy Services on June 1. Here's how he intends to spend the first six months

Hello Mumbai! From CEOs to vada pav, Apple CEO Cook gets a taste of India

Perhaps this is the beginning of not just Tim Cook's India adventure but Apple's as well

B20 can add value to G20 nations and the world, says N Chandrasekaran

The B20 is the official G20 dialogue forum with the global business community

B20 has unique opportunity; can be value adding for world: N Chandrasekaran

The Business-20 has a unique opportunity and a very important role to play in working out agenda that can be value adding for all G-20 nations and the rest of the world, B20 India Chair N Chandrasekaran said on Monday. The Business 20 (B20) is the official G20 dialogue forum with the global business community. It is among the most prominent engagement groups in G20, with companies and business organizations as participants. In his address at the B20 India inception meeting here, Chandrasekaran, who is also the Chairman of Tata Sons, said during India's leadership of the forum, various initiatives would be taken up in several areas, including global supply chain, creative skills, circular economy, digital transformation and financial inclusion. "India is in a very unique position in the world at a time (when) we are seeing several moving parts, and B20, during India's leadership of G20, has a unique opportunity and has a very important role to play," he said. Chandrasekaran said ...

Tata Group to make significant investments in e-mobility: N Chandrasekaran

Transition to electric mobility in India will happen much faster and the Tata Group will make significant investments in the sector to develop a range of products, Group Chairman said on Wednesday

We fell short, Air India should have acted swiftly: Chandra on 'pee-gate'

Union Civil Aviation Minister Jyotiraditya Scindia has promised speedy action in the case

Air India fell short, should have been swifter: Tata boss on pee-gate

Tata Group Chairman N Chandrasekaran admitted on Sunday that Air India's response to the incident of a drunk passenger allegedly urinating on a woman on one of its international flights last year should have been "much swifter". In a statement, which came days after the aviation regulator DGCA pulled up the Tata Group-owned full service carrier, Chandrasekaran also said that "we fell short of addressing this situation the way we should have." In a shocking incident, an inebriated man allegedly urinated on a female co-passenger, a senior citizen in her seventies, in the business class of Air India New York-New Delhi flight on November 26 last year. The accused Shankar Mishra was arrested by the Delhi Police from Bengaluru on Saturday. "The incident on Air India flight AI102 on November 26, 2022, has been a matter of personal anguish to me and my colleagues at Air India. Air India's response should have been much swifter. We fell short of addressing this situation the way it should h