Page 10 - Latest Updates on End of an Era: Ratan Tata dies at 86

CM Shinde presents Ratan Tata with 'Udyog Ratna', calls him an institution

Maharashtra Chief Minister Eknath Shinde on Sunday hailed industrialist Ratan Tata, the first-ever recipient of the 'Udyog Ratna' award instituted by the state government, as an "institution". Shinde also said industries in Maharashtra are the main strength of the growth engine. He was speaking at the Udyog Puraskar 2023 distribution ceremony here where he praised Ratan Tata. The 'Udyog Ratna' award was presented to the 85-year-old chairman emeritus of Tata Sons by Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in south Mumbai on Saturday. On Sunday, Adar Poonawalla of Serum Institute was honoured with the Udyog Mitra award while the Udyogini award was given to Gauri Kirloskar. The best Marathi businessman award was bestowed upon Vilas Shinde, the MD of Sahyadri Farmers' Producers Company. None of us have seen God, but it is believed that God is everywhere. We have selected a 'dev manoos' (Godly person) like Ratan Tata for the (first ever) Udyog

Maharashtra: Industrialist Ratan Tata conferred with Udyog Ratna award

Veteran industrialist Ratan Tata was on Saturday conferred the first ever Udyog Ratna' award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai. The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC). Talking to reporters afterwards, Shinde said honouring Tata as Udyog Ratna' has enhanced the prestige of the award. The contribution of the Tata group in all sectors is immense. Tata means trust, he said. The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion.

Industrialist Ratan Tata conferred with Udyog Ratna award by Maha govt

Veteran industrialist Ratan Tata was on Saturday conferred the first ever Udyog Ratna' award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai. The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC). Talking to reporters afterwards, Shinde said honouring Tata as Udyog Ratna' has enhanced the prestige of the award. The contribution of the Tata group in all sectors is immense. Tata means trust, he said. The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion.

Ratan Tata to get Maharashtra govt's first 'Udyog Ratna' award: Minister

The Maharashtra government has decided to confer the first 'Udyog Ratna' award on veteran industrialist and chairman emeritus of Tata Sons, Ratan Tata

Green causes get less than 10% of CSR money, platform launched to up funds

Stating that environmental causes accounted for less than a tenth of corporate social responsibility (CSR) funding between 2015 and 2021, the International Climate Collaborative (ICC) on Thursday launched a dedicated platform to help funnel more resources for such purposes. The 'Earth Exponential' platform, which is backed by JSW Foundation, will bring together funders and non-profits and showcase credible, high-impact and India-led climate solutions, as per an official statement. The statement said in the seven years to 2021, environment-related causes got Rs 6,183 crore of the overall funding of Rs 67,193 crore in CSR. The platform will be curating, evaluating and displaying home-grown climate projects, and enabling them to scale by matching them to funders, it said. It aims to reduce entry barriers for funders through simplified solution discovery and knowledge building, the statement said. "India's home-grown climate solutions offer immense potential to address climate change

Have no associations with cryptocurrency of any form, says Ratan Tata

"If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he added

Ratan Tata-backed Upstox breaks even in FY23, aims 10x growth in user base

Ratan Tata-backed discount broking company Upstox achieved break-even in FY2022-23 with the overall revenue crossing Rs 1,000 crore, a top official has said. The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years, its co-founder and chief executive Ravi Kumar told PTI. Its operating revenue grew 40 per cent to Rs 1,000 crore, he said, adding that it also generated a positive net cash flow of approximately Rs 130 crore in the last quarter of FY2022-23. The company's CEO said it has cash reserves of over Rs 1,000 crore now, and is looking for both organic and inorganic growth opportunities. We remain committed to driving growth sustainably and profitably, he stressed. At present, the company, founded in 2009, serves 1.1 crore customers across the country, with over 85 per cent of them being in tier-II and tier-III cities and 70 per cent being first-time investors. Mumbai, D

Weekend Bites: Corporate Samurai keels over, and big deal that's Met Gala

In which we munch over the week's platter of news and views

Tata Group-owned Air India to hire over 1,000 pilots, to expand its fleet

The move to hire more pilots comes as the Tata Group-owned airline plans to extend its fleet and network. Air India has placed an order for 470 aircraft with Boeing and Airbus

Top headlines: GST authorities quiz auto dealers, electronics exports up

Business Standard brings you top news at this hour

Over 1,500 pilots of Tata Group-run airlines seek Ratan Tata's help

The pilots feel that their concerns are not being heard or addressed by the current HR team

Air India pilots seek Ratan Tata's intervention against airlines' HR dept

The pilots of Air India, in an online petition to Tata Sons Ltd Chairman Emeritus Ratan Tata, have said their morale is low as they are not being treated with respect by the airlines' HR Department

Tata Trusts appoints Siddharth Sharma as CEO, Aparna Uppaluri as COO

Both appointments will take effect on April 1 of this year

Ratan Tata-backed Repos expects to grow three-fold this fiscal to Rs 185 cr

Ratan Tata-backed energy distribution startup Repos is expected to grow by close to three-fold to Rs 185 crore in the current fiscal on account of increased traction for its service among business-to-business clients, a top official of the firm said. Repos Energy founder and CVO Aditi Bhosale Walunj told PTI at the Auto Expo 2023 that the company is in the process of raising Rs 300 crore to fund expansion of business across India as well as a platform to offer carbon-neutral fuels such as ethanol and electric vehicle chargers. "We have been fortunate enough to have Mr Ratan Tata as our initial investor. Last fiscal year we did business of Rs 65 crore. Our business has been growing multifold. This fiscal we expect our top line to be around Rs 185 crore," Walunj said. She said that the company's fuel distribution platform is mainly built around the delivery of diesel but it is now adding new fuels to the platforms to make it available at the doorsteps of end consumers with the help of

Ratan Tata sets up new endowment trust, likely to fund charities in future

Trusts and foundations are typically set up for estate planning, not investments

Framed for growth: Titan's Titan Eye+ has set sights on booming market

Company has the advantage of Titan's network but it needs to scale up its online presence

Ratan Tata pays tributes to former associate Krishna Kumar, funeral today

Ratan Tata on Monday paid glowing tributes to his former close associate R.K. Krishna Kumar who passed away here on New Year Day

Shapoor Mistry lone representative on boards of family investments firms

Both firms own 18.4% stake in Tata Sons

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

Jamshed Irani: Architect of post-lib Indian industry and 'New Tata Steel'

Irani transformed Tata Steel totally to make it the world's lowest-cost steel producer by 2001, completely revamped technology and used his phrase "Customer Har Haal Me" to augment user delight