Page 6 - Latest Updates on End of an Era: Ratan Tata dies at 86

Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine

Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree

Will walk alongside Air India: IndiGo MD Bhatia pays tribute to Tata

Paying tribute to late Ratan Tata, InterGlobe Enterprises Group Managing Director Rahul Bhatia on Thursday said IndiGo will walk alongside Air India to secure the country's rightful seat at the centre stage of global aviation. "As we all know, Mr. Tata had a deep passion for flying machines, and I was only too pleased to see Air India return to where it truly belonged," Bhatia said in a statement. Tata, who was the Chairman Emeritus of Tata Sons, passed away on Wednesday night. "While I am much too small a man to say this, in tribute to Mr Tata's love for flight and his vision for the future of Indian Aviation, IndiGo will, ever so modestly, walk alongside Air India to secure India's rightful seat at the centre stage of global aviation," Bhatia said. InterGlobe Enterprises is the parent of the country's largest airline IndiGo. Bhatia also recalled that he had the occasion to engage with Tata and that was when he returned from college in 1985. According to Bhatia, they discussed t

Ratan Tata looked beyond the balance sheets. He was a man of ideas

Ratan Tata was a reflection of compassionate capitalism. Like other gems of the Tata brand, he didn't require any parliamentary legislation to fulfill his social responsibilities

Visionary, an inspiration: India Inc mourns demise of nation's Ratan

Ratan Tata was at the helm of the widely known Tata Group for 21 years between 1991 and 2012, and under him, the group's profits rose by 50 times

Ratan Tata's death marks end of an era: SP Group Chairman Shapoorji Mistry

Ratan Tata will always be remembered as a leader who left a lasting mark on the evolution of the Tata Group and his unfortunate passing marks the end of an era, SP Group Chairman Shapoorji Mistry said on Thursday. In his condolence message, Mistry said, "Mr Tata's unfortunate passing marks the end of an era. He will always be remembered as a leader who left a lasting mark on the evolution of the Tata Group." He further said, "The Mistry family has had a long standing relationship with the Tata Group and with Mr Ratan Tata." The SP Group is the largest minority shareholder with 18.37 per cent stake in Tata Sons, the principal investment holding company and promoter of Tata companies. The relationship between the SP Group and the Tatas soured after the sacking of Cyrus Mistry as Chairman of Tata Sons on October 24, 2016. Cyrus Mistry, who succeeded Ratan Tata as the chief of the Tata group in 2012, died in a car accident in 2022.

Ratan Tata's redemption: White knight for Ford despite earlier humiliation

The story of two iconic brands Jaguar and Land Rover entering the Tata stable began with an insult Ratan Tata couldn't bear. Back in 1998, the legendary industrialist launched his dream project, Tata Indica -- India's first hatchback with a diesel engine. But sales initially were slow and Tata Motors decided to sell off its fledgling car business within a year of its debut. US auto giant Ford was seen as an ideal candidate. The company acceded to a meeting requirement from Ford Motors. Officials of the US firm came to Bombay House for talks sometime in 1999. During the meeting at the Tata headquarters, the American company evinced interest in buying out the business. To take the deal forward, Ratan Tata and his team flew to Detroit to meet Bill Ford, then the chairman of Ford. The meeting lasted about three hours but did not go well. The American businessman was condescending and "humiliated" the Indian businessman, according to a person who attended the meeting. "You do not kn

A look at Ratan Tata's business successes and 'aspirational mistakes'

Ratan Tata's tenure as chairman was marked by transformative achievements, including the Tata Indica and the acquisition of Tetley, and Jaguar Land Rover, expanding the group's global footprint

Jamshedpur mourns Ratan Tata, who brought global recognition to backwater

The city of Jamshedpur, popularly known as 'Tatanagar', is mourning. And so is Jharkhand where a day's mourning was declared on Thursday in a mark of respect for industrialist Ratan Tata. Named after Tata Group's founding father Jamsetji Nusserwanji Tata, it was the timeless vision of Ratan Tata that propelled Jamshedpur's growth and put it on the global map. His contributions are considered significant towards shaping Jharkhand, a backward region that became a state in 2000. He first visited Jamshedpur in 1963 to look into how Tata Steel, now a global conglomerate, works. He then visited the city in 1965 to hone his pilot skills. As soon as the news of his demise spread, a pall of gloom descended on the city. Since the morning, people from different walks of life have been visiting the Tata Centre to pay their homage to the legend who died at a Mumbai hospital on Wednesday night at the age of 86. Ratan Tata, who became the chairman of Tata Steel in 1993, visited the city ...

India, world lost a giant: Garcetti as he condoles Ratan Tata's demise

He was not only among India's most respected and loved industrialists, who took Tata Group to new heights, but also a great visionary, entrepreneur, and philanthropist

Ratan Tata was visionary leader, cherished partner: Singapore Airlines CEO

Ratan Tata was a visionary global business leader as well as a cherished partner, Singapore Airlines CEO Goh Choon Phong said on Thursday and emphasised that his legacy inspires us as Tata Sons and the airline continue their collaboration on the Vistara-Air India merger. Vistara is a joint venture between the Tatas and Singapore Airlines. Back in 1994, the Tata Group and Singapore Airlines (SIA) made efforts to set up a joint venture airline in India. Six years later, they again tried to enter the country's aviation market, this time by teaming up to acquire stakes in Air India. However, the two attempts did not take off. Finally, they realised their dream as Vistara took to the Indian skies in January 2015. And in November 2022, Tata Group announced the merger of Vistara with Air India. While expressing the deepest condolences on behalf of the Singapore Airlines Board and Management, Goh Choon Phong said Tata was a visionary global business leader, as well as a cherished partner a

Tata Consultancy cancels Q2 earnings press events after Ratan Tata's death

Tributes poured in from around the world for Ratan Tata as people remembered his remarkable journey and unparalleled contributions to the Indian business landscape and the society

Air India, Vistara make inflight announcements remembering Ratan Tata

Air India, Air India Express and Vistara are making inflight announcements on Thursday in remembrance of Tata Group patriarch Ratan Tata for whom aviation was especially close to his heart. Tata, 86, who was also Tata Sons Chairman Emeritus, breathed his last on Wednesday night at a Mumbai hospital. Officials on Thursday said the three airlines, part of the Tata Group, will be making announcements in remembrance of Tata in their flights during the day. The demise of Tata also comes at a time when the conglomerate is in the process of completing the consolidation of its airline business -- the integration of Air India Express and AIX Connect was completed on October 1 while the merger of Vistara with Air India is set for November 12. Vistara is a joint venture between the Tata Group and Singapore Airlines. Air India CEO and MD Campbell Wilson told staff that Air Indians especially acknowledge and are grateful for Tata's immense contribution to Indian aviation and to the Tata ...

Ratan Tata death: Times when ex-Tata chairman debunked fake news about him

Ratan Tata, the chairman emeritus of Tata Sons, passed away in Mumbai on October 9. Throughout his remarkable social media presence, he actively debunked false news about himself

When Ratan Tata flew F-16 and F-18 jets back to back over Bengaluru skies

An avid aviator, Tata held licences to fly both jets and helicopters, and eagerly accepted the chance to co-pilot the combat aircraft

Siam, others hail Ratan Tata's contributions in automobile sector, society

Ratan Tata championed innovations that are helping build a better tomorrow, auto industry body SIAM said on Thursday while paying homage to the eminent industrialist who passed away on Wednesday night. "Indian automobile industry is deeply saddened with the passing away of Shri Ratan Tata, a towering figure, who has played a stellar role in bringing the Indian auto industry to the global stage," Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. A great humanist, visionary and leader, he championed innovations that are helping build a better tomorrow, he added. Hero MotoCorp Executive Chairman Pawan Munjal termed Tata as a visionary leader and ethical statesman. "I am deeply saddened by the passing of Shri Ratan Tata. His unparalleled contributions as a visionary leader and ethical statesman have left an indelible mark on our nation," he stated. Munjal further said, "Tata's commitment to integrity and innovation not only transformed .

With Ratan Tata's death, leadership focus turns to next generation of Tatas

Ratan Tata's succession has long been a topic of interest, particularly since he had no children to inherit the Rs 3,800 crore business empire

Maharashtra govt declares one day mourning in honour of legend Ratan Tata

Earlier, Eknath Shinde said on Wednesday night that the last rites of industrialist Ratan Tata will be performed with full state honours

Ratan Tata brought reforms to Tata Group's working ethos: Amit Shah

Union Home Minister Amit Shah will attend the funeral of industrialist Ratan Tata in Mumbai on Thursday, sources said on Thursday. Shah will pay respects to the mortal remains of Tata on behalf of Government of India, they added. The home minister will visit Mumbai for the funeral as Prime Minister Narendra Modi is leaving for Laos to attend the ASEAN-India and East Asia summits. In a message, Shah said he was deeply saddened by the demise of the "legendary industrialist and true nationalist". He said Tata selflessly dedicated his life to the development of the nation. "Every time I met him, his zeal and commitment to the betterment of Bharat and its people amazed me," he added. The home minister said Tata's commitment to the welfare of the country and its people led to the blooming of millions of dreams. "Time cannot take away Ratan Tata Ji from his beloved nation. He will live on in our hearts. My condolences to Tata Group and his countless admirers. Om Shanti Shanti Shanti,"