The Tata Group JV saw an increase of almost Rs 77 crore in the employee benefits expenses for the quarter
More than half a dozen companies, including Tata Motors, Tata Chemicals, Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling resources to build the EV ecosystem
NY-based fund wants govt to include maintenance unit in deal
On January 10, the top court stayed the NCLAT verdict restoring Mistry as executive chairman of the Tata group
11 Indian brands make it to the 2020 Brand Finance list, up from 9 last year; all except Airtel rise up the ranks
Bharti Airtel, Vodafone Idea Ltd, Tata group want to negotiate with telecom department on the timeframe for paying dues
Of the total AGR dues of Rs 13,823 crore, Rs 10,000 crore will be raised from banks by Tata Sons, while the remaining will be raised from internal accruals
A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant agreed to hear Tata Sons' plea challenging the National Company Law Appellate Tribunal (NCLAT) decision
A lawyer associated with the matter had said earlier that the appeal against the NCALT decision would be mentioned for early listing on reopening of the apex court after the winter break
The analysis is based on the annual audited consolidated finances of all listed Tata Group firms for the respective financial years
In restoring Cyrus Mistry, NCLAT failed to consider the implications of the order, Tata Sons said in their appeal
The NCLT had used words in remarks which includes "heart burn", "settle their score", "prejudicial to the interest of the company", "sovereign authority", "his way is highway" etc in its order.
If all those decisions are null and void, the group's business will be in a mess, an official pointed out.
The Registrar of Companies has sought deletion of the words 'illegal' and 'with the help of the RoC' used by the NCLAT in its last week order
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012
"Macro uncertainties will persist in 2020, but they will also be accompanied by new opportunities across different businesses and markets," Chandrasekaran said
As AirAsia India struggles to find a firm foothold in the competitive domestic aviation space, Tatas are gaining upper hand in steering the no-frills carrier with executives from the conglomerate helming most senior positions, according to a source. A joint venture, majority-owned by Tatas, the airline's other shareholder is Malaysia's AirAsia group. The carrier, which commenced flights nearly six years ago, flew 8.78 lakh passengers garnering 6.8 per cent domestic market share in November. Over the years, there have been concerns raised in certain quarters about alleged role of the Malaysian partner having a bigger say in various matters related to AirAsia India. "Tata Sons has now an upper hand in the management of AirAsia India as against earlier when AirAsia group will call the shots in the matter of key appointments. At present, most of top positions at the carrier including the MD&CEO and CFO have people who have been closely associated with the Tata Group," a source told ...
These firms' finances are far from sustainable and they suffer from poor profitability and high debt
The NCLAT order could also create trading and investment opportunities
Ratan Tata converted a sprawling, monolithic empire into a cohesive unit. He faces another career battle again