Page 10 - Tata Sons

India well positioned to be fastest growing major economy: Chandrasekaran

India is well positioned to continue to be the fastest-growing major economy next year, which may mark the lowest global growth since the millennium began barring the pandemic and the global financial crisis, according to Tata Sons Chairman N Chandrasekaran. In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts. "Post-pandemic, India opened up, and we have returned to living our daily lives normally, in a year that saw the nation turn 75 years old. Business momentum has been strong for many of our companies," he wrote. In the next year, Chandrasekaran said, "we are likely to see inflation gradually moderate. India is well positioned, and we will continue to be the fastest growing majo

Tata chief sees AI/ML, supply-chain diversification as growth drivers

'Need to keep careful watch on commodity price rises,' Chandra tells employees in New Year message

Reform will propel fundamentals of India's performance: N Chandrasekaran

Reform will be a key pillar that will propel fundamentals of India's performance in the coming decades, which have a major growth opportunity for the country, Tata Sons Chairman N Chandrasekaran said on Friday. While the country can look forward to becoming a USD 25-30 trillion economy in its 100th year of Independence, it is also crucial to spread the gains of the future to everyone, including informal workers, agricultural labourers and women, he said while addressing the annual convention of industry body FICCI. Chandrasekaran noted that the government has taken several reforms before and after the pandemic which has set a strong foundation for a renewed vision for India in 2047. "Looking for the next few decades, India presents a major growth opportunity. At the same time, it is important to remember the scope of reforms India has undertaken in the last few years," he said. Pre-pandemic, the government introduced GST, Insolvency and Bankruptcy Code (IBC), inflation targeting ..

Shapoor Mistry lone representative on boards of family investments firms

Both firms own 18.4% stake in Tata Sons

Tata's Chandrasekaran to head Business 20 India; CII to be Secretariat

'As India commences its leadership of B20 amid multiple global developments and transformations, the participation of businesses in global economic decision-making has never been more critical'

Long-overdue brand reboot aims to rescue Air India's battered image

While Air India remains a high-profile operator in one of the world's biggest aviation markets, customer complaints about a decline in standards have hurt its reputation

Air India ropes in Futurebrands to redraw its branding strategy: Report

Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley

11 e-commerce firms on board govt campaign to fight fake reviews

Firms to develop filtering & control tools and algorithms, verification and control processes

Tata Sons start process to bring all its airlines under one roof: Report

The expected merger is set to happen within a month of the Tata group completing the consolidation of Air India Express and AirAsia India

Evaluating investment opportunities: Tata Sons responds to Gadkari letter

On October 7, citing strengths like infrastructure, land availability and connectivity, the Union Minister had written a letter and sought investments from the Tata Group in and around Nagpur

Air India beats IndiGo to become top 'on time' airline in India: Report

In September, 87.1 per cent of flights of Air India were on time as compared to IndiGo's 84.1 per cent

Union Minister Gadkari pitches for investments from Tata Group in Nagpur

Union Minister Nitin Gadkari has sought investments from the Tata Group in and around Nagpur, citing strengths like infrastructure, land availability and connectivity in his home city. In a letter to Tata Sons Chairman N Chandrasekaran on October 7, Gadkari, who handles the road transport and highways portfolio, said group companies engaged in businesses like steel, auto, consumer products, IT services and aviation can choose to invest in Nagpur. The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat, like the over Rs 1.5 lakh crore investment from Foxconn-Vedanta on chip manufacturing and the Rs 22,000 crore aircraft manufacturing project where the Tata Group has tied up with Airbus. At a recent event, Chandrasekaran had said the Tata Group is exploring investments in electronics, renewable energy, electric vehicles and other modern sectors, and is engaged with the newly formed state government under Chief ...

Tata plans to borrow Rs 15,000 crore for Air India's working capital

The money will be used to cover day-to-day air operations and losses, refurbish the fleet, pay aircraft rentals and overhaul IT operations, according to sources

Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman

Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.

AI receives over 73,750 applications for cabin crew, pilots in 2 months

Air India, which has embarked on expansion plans, on Thursday said it has received more than 1,752 applications for pilots and 72,000 applications for cabin crew in the last two months. The loss-making carrier, taken over by Tata group in January this year, has also received more than 25,000 applications in a little over a week from management postgraduates with three years' experience in ground-based business roles. Also, the airline has received more than 2,000 applications for a new tech centre in Kerala for various positions, including developers, architects, cyber security professionals, programme managers and UX visual designers. The carrier, which had not recruited in non-operations areas for more than 15 years, is quickly adding talent in all spheres of its business, including for commercial functions, business support services and operations, according to a release. "The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the ski

Running airline in JV a challenge, says Air India CEO Campbell Wilson

'Air India already has scale... we are not doing this from scratch. We are doing this from a running start', said Wilson

Tatas mull exit from UK steel business on lack of government support

Tata Sons is considering Tata Steel's exit from its UK operations because of the absence of support from the British government for transition to green energy

Copycat threat to goodwill, trademark of legacy brands increasing

Small businesses violate trademark laws with deceptively similar brand names which not only confuses consumers, but also leads to production of fake goods resulting in huge losses to corporates

'Upper layer' NBFC tag for Tata Sons calls for a new compliance policy

Tata Sons will have to appoint a new chief compliance officer (CCO)

Tata Sons to halve the number of listed companies from 29 to 15: Report

Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency