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
A London-bound Air India plane crashed outside the Ahmedabad airport moments after take-off on 12 June, resulting in the deaths of 241 passengers and crew, as well as 34 people on the ground
Tata Sons Chairman N Chandrasekaran calls the Air India crash one of the Group's darkest days and assures families of full transparency as international probes begin
Tata Group will not retreat from its responsibilities, from doing what is right even though it is a "difficult" time, Chairman N Chandrasekaran said on Friday while emphasizing that the group, which owns Air India, will be transparent in its communication on the plane crash. In an internal communication to the employees, he also said that when Tata Sons took over Air India, ensuring the safety of its passengers was its first and foremost priority and "there was no compromising on it." The communication came a day after Air India's London-bound Boeing 787-8 Dreamliner crashed soon after takeoff from the Ahmedabad airport, killing 241 of the 242 people onboard in one of the country's worst air disasters. "This is a very difficult moment. What occurred yesterday was inexplicable, and we are in shock and mourning. To lose a single person we know is a tragedy, but for so many deaths to occur at once is incomprehensible. "This is one of the darkest days in Tata Group's history. Words ar
Chandra said global steel output in FY2024-25 was stable at 1.83 bln tonnes, but despite this, margins remained under pressure due to supply chain volatility, although coking coal prices were lowe
Tata Consumer Products chairman highlights India's stable macro outlook, structural reforms, and emerging trends like GenAI and quick commerce in FY25 report
Tata Sons Chairman N Chandrasekaran on Monday said the demand for steel will continue to grow irrespective of the prevailing global geo-political situation. Chandrasekaran, speaking at the 186th birth anniversary celebration of Tata Steel founder J N Tata here, said the most important thing to recognise is that the demand for steel will continue to grow and the best way to face such a situation was to be prepared by maintaining efficiency and cost-management, and increase productivity". He also said the company will need help of the government, its policies, employees and workers unions for technology adoption. The management has to be bold to expand, maintain efficiency, manage cost and enhance productivity, while assuring to continue investing, including in Jamshedpur, Chandrasekaran said. Asked about the raging debate on tariffs, he said there is no point in talking about what will be the price/tariff; we have to focus on our productivity. Tariffs are import duties imposed and
Tata group chairman Natarajan Chandrasekaran on Tuesday said the company will invest in a large electronics manufacturing unit in Assam over the next few years and collaborate with the state government in the green energy sector. Speaking at the inauguration of the Advantage Assam business summit, Chandrasekaran said, "The Tata group has a long and significant association with Assam." He highlighted the Rs 27,000 crore semiconductor unit coming up in Jagiroad as "the most significant investment in the state so far." "Taking forward the group's commitment towards the state, it will invest in another large electronics manufacturing unit soon," he added. The group will also partner with the state government in the green energy sector, with commitment to invest in solar and other renewable power generation, Chandrasekaran added.
Natarajan Chandrasekaran has been the Chairman of Tata Sons since 2017, having joined its board in October 2016
Tata Group Chairman N Chandrasekaran highlighted three major transitions in the world, including shift to renewable energy, that are moving in line with India's strengths
In his annual letter to employees, he highlighted conglomerate's achievements for the year
India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23
Tata Sons directors get 16% hike while employee cost up 2.5%
Union Minister for Electronics and IT Ashwini Vaishnaw, expressing optimism about the project, said that the construction of the Assam plant will boost the overall ecosystem in the region
Tata Consumer Products on 'transformative journey' to serve Indians, he says in company's annual report
Tata Sons Chairman N Chandrasekaran on Sunday said the conglomerate would continue to uphold the legacy of its founder Jamsetji Tata, and remain committed to the principles of integrity, innovation and social responsibility. Chandrasekaran was addressing a gathering at the Postal Park in Bistupur in Jharkhand's Jamshedpur after paying homage to Jamsetji Tata on his 185th birth anniversary. He was accompanied by Tata Steel CEO and MD TV Narendran. "Our founder, Jamsetji Tata, envisioned a future where industry would be a force for positive change, and it is with great pride that we continue to uphold his legacy. In this occasion, we reaffirm our commitment to the principles of integrity, innovation, and social responsibility that have guided us since our inception," Chandrasekaran said. "We will continue to work together with the community to build a brighter, more prosperous future for Jamshedpur and its residents," he added. Later, he inaugurated an exhibition at Steelennium Hall
With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23
Expect PV industry growth to moderate in FY24, says annual report
Gopinathan received a compensation of Rs 25.75 crore, making him the fifth-highest-paid CEO in the Indian IT services sector
Tata Group Chairman N Chandrasekaran has been given France's highest civilian award Chevalier de la Legion d'honneur for his contributions to strengthen the trade relationship between India and France. French Minister for Europe and Foreign Affairs Catherine Colonna gave the award to Chandrasekaran on behalf of the French President on Tuesday evening. "Our Chairman N Chandrasekaran receives the Chevalier de la Legion d'honneur from French Minister for Europe & Foreign Affairs @MinColonna. He was conferred the highest civilian award of France for his contributions to strengthening the trade relationship between India & France," Tata Group said in a tweet. Similarly, after presenting the award, in a tweet Colonna said Tata group of companies "is a major player in the Franco-Indian partnership: I had the pleasure of presenting its CEO, on behalf of the President of the Republic, with the insignia of Chevalier de la Legion d'honneur. Dear Natarajan Chandrasekaran, you are a friend