After the merger of Vistara and Air India, AI will become India's largest airline behind IndiGo
According to the NCRB report, in 2021, 155,000 people died in accidents on Indian roads. The number was up from 133,000 in 2020. Total accidents reported also rose to 403,000 in 2021, up from 354,000
As the world changes with changing realities, some businesses will suffer. But in any case India has an unplanned advantage: It has to destroy less of the old to make way for the new, writes T N Ninan
Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank
The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons
Tata Realty to raise Rs 6,000 cr as fresh debt
Family friend and NCP leader Supriya Sule joins hundreds of SP group employees and others at the funeral Tuesday morning. Reliance Jio chief Akash Ambani among mourners
In 2012, Mistry was appointed as the chairman of the Tata Group. His brother, Shapoor Mistry, was entrusted with the responsibilities of the SP Group
From coronavirus cases to other latest developments from across the globe, catch all the live updates here
Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.
Leads to an outpouring of grief and shock among his industry colleagues
Mukund Rajan, who worked closely with Cyrus Mistry, on Sunday said his former boss' death in a car accident is a huge loss for the corporate world. "He cared deeply about sustaining the values the (Tata) Group stood for, and set a great example of hard work and responsibility for every member of his team," Rajan, who was the brand custodian and member of the group executive council (GEC) under Mistry, told PTI. Rajan said Mistry, who donned the mantle of chairmanship at the age of 44 in 2012, was very young but slipped into the giant shoes of his predecessor Ratan Tata with felicity and grace. Mistry was described as an inspiring leader, and a kind and considerate human being by Rajan, who had worked under Ratan Tata. "His untimely demise is a huge loss for the corporate world, Rajan, who began an entrepreneurial journey after leaving the Tata group in 2018, said.
There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons
Prime Minister Narendra Modi on Sunday condoled the demise of Mistry and said his passing away is a big loss to the world of commerce and industry
Till his appointment as the chairman to lead Tata Sons, not many knew of Cyrus Mistry, who was then associated only with his family business. A south Mumbai low-profile boy, 44-year-old Mistry family scion was already heading companies in the Shapoorji Pallonji Group when he was appointed to succeed Ratan Tata as the head of the over USD 100 billion, salt-to-software Tata group. According to reports, he was reluctant to take up the job but some persuasion, including by Ratan Tata himself, led him to accept the offer. After four years at the helm, he was replaced in a boardroom coup in October 2016, which saw Ratan Tata coming back to helm the group before the reigns were passed on to N Chandrasekhar. The might of his father Pallonji Shapoorji Mistry who was called as the 'Phantom of Bombay House' for the influence he wielded at the Tata Group headquarters, did not come in handy to help Mistry, who had begun on a wide-ranging drive to improve governance practices at the group. It ..
Known to like golf, the late business magnate Cyrus Mistry was considered a studious backroom executive with a sharp mind
Tata Sons Chairman N Chandrasekaran on Sunday condoled the death of Cyrus Mistry, a man who, he said, had a passion for life. "I am deeply saddened by the sudden and untimely demise of Mr Cyrus Mistry. He had a passion for life and it is really tragic that he passed away at such a young age," Chandrasekaran said in a statement. He further said, "My deepest condolences and prayers for his family in these difficult times." According to police, Mistry (54) was killed on Sunday when his car hit a road divider on a bridge in Maharashtra's Palghar district neighbouring Mumbai. Mistry took over as Chairman of Tata Sons in December 2012 after Ratan Tata retired. However, in October 2016 he was ousted from the position followed by boardroom battles and a long-drawn legal battle. Chandrasekaran was designated as Chairman of Tata Sons in January 2017 and took official charge in February 2017.
Untimely demise of Cyrus Mistry shocking; he was promising business leader who believed in India's economic prowess, tweets PM Modi
In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors
With this, Tata Sons and Tata Trusts, which own 66 per cent of the group, must have separate chairmen