In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.
The company posted 9.24 per cent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal
The consolidated top line of Tata Consumer Products for FY20 stood at Rs 9,637 crore after the merger.
Says impact of pandemic on firm was mixed; while panic buying and closure of restaurants led to spike in retail and online sales, food service sales and out-of-home biz were impacted significantly
Preferential equity issue, non-core asset sale boost sentiment
The company had a profit of Rs 4,252.50 crore in the corresponding period last year
The advantage for Singapore Airlines will come from the fact that India doesn't allow foreign airlines to directly fly passengers to a third country.
"I believe this year specially calls for all of us to be unified and helpful and is not the time to pull each other down," he said
The Rs 100-crore tax demand on Tata Education and Development Trust was raised last year by the I-T department owing to cancellation of registration on past exempted income.
In his affidavit filed in the Supreme Court, Mistry gave details on businesses which, he claimed, had failed due to wrong business calls made by Mistry's predecessor, Ratan Tata.
According to Mistry, the loss numbers were arrived at by excluding the huge dividend that the group cash-cow TCS was paying, which was averaging at over 85 per cent annually
From Clix Capital set to buy majority stake in Lakhsmi Vilas Bank, RBI proposing 10-yr term for bank promoter-CEOs, here are top headlines on Friday morning
Minimises impact of pandemic through cost control measures; says witnessing good response from customers post opening up outlets
Cyrus Mistry's reinstatement as chairman and director of the Tata companies for the rest of his tenure was symbolic at best as he hardly had any significant tenure left
Tata Sons infused about Rs 46,595 crore in Tata Teleservices between January 2014 and December 2019
Tata group holds on to the top rank while Reliance climbs a spot; Indian Oil debuts in the top 10 list with a 41% jump in brand value
According to the latest report by Brand Finance, globally, the top 500 brands could see a value erosion of $1 trillion from their January 2020 brand value, following coronavirus disruptions
Tata Sons has now tied up with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Trivandrum, under the Department of Science and Technology for commercial production
Senior staff of all the top groups have taken salary cuts up to 20 per cent to preserve jobs at the bottom of the pyramid.
Falling rates to help; rise in group exposure limits will support large companies