Page 24 - Tata Sons

Tata vs Mistry: Status quo on pledging, transferring of shares till Oct 28

A bench headed by Chief Justice S.A. Bobde said the group should not take any further action on the shares, they have already pledged for raising funds

SP slaps notice on Tata Sons board, seeks damages for blocking fund raise

Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders

Myrmidons around the CEO

When you think of celebrities - CEOs, ministers, bureaucrats, actors and sportsmen - you note that they have a swarm of myrmidons around them

Tatas move SC to block Mistry-Brookfield deal involving pledged Tata shares

Mistrys say it's vindictive move aimed to delays fund raise; will jeopardise future of 60,000 employees and over 100,000 migrant workers

Tatas blocking share pledge vindictive, to cause damages: SP group

Shapoorji Pallonji Group that owns 18.37% in Tata Sons said the Tatas moving SC to block its plan to pledge shares for raising funds reeks of vindictiveness, oppression of minority shareholder rights

Vistara's loss widens to Rs 1,814 cr in FY20 on higher running costs

This is the highest single-year loss for the Tata Sons-Singapore Airlines joint venture since its began operations in 2015

Tata Sons AGM: Mistry family raises questions over losses in group firms

The meeting, attended by Tata group CEOs and the group patriarch, Ratan Tata, was chaired by N Chandrasekaran, who countered the allegations made by the Mistry representative at the AGM

Tata Sons makes Rs 16,439 crore provisions for telecom business

For the fiscal year, at the consolidated level, the company's profit after tax has come down to Rs 10,916 crores from Rs 28,463 crores, mainly due to an increase in exceptional items

F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%

All that happened in the markets today

Tata Sons to outline group's digital strategy at AGM on Thursday

The e-AGM comes at a time when the group is facing significant challenges in each of its businesses, barring its software exporter firm, Tata Consultancy Services

Greater use of ADR, technology to reduce court cases: N Chandrasekaran

Observing that India's judicial system has a huge capacity issue, he said around 30 million cases are pending across various courts, as per the National Judicial Data Grid

Time to make right investments, leverage R&D strength: N Chandrasekaran

His remarks come against the backdrop of century's worst crisis triggered by the pandemic. India's GDP is expected to contract by at least 2.5% next year

India needs to rethink economy in post-Covid world: N Chandrasekaran

Listing out the challenges, he said infrastructure, regulation, bureaucratic overload of the private sector and investments are key areas

Tata vs Mistry: The final countdown of India's biggest corporate battle

The Supreme Court hearings that start this month will determine the legacy of Ratan Tata and establish the rights of minority shareholders

Tata Sons withheld facts on turning private: Mistry firms tell SC

The SC will hear the petitions filed by both the Mistry family and Tata Group next month

Mistry family in talks with investors to raise Rs 4K cr, aims to cut debt

Funds being raised via debt, sale of part stake in Sterling and Wilson Solar

Covid-19 crisis: Ratan Tata says layoffs show India Inc's lack of empathy

While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown

Layoffs during pandemic shows India Inc's lack of empathy: Ratan Tata

Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date

Cheer in Covid times

Here's the backstory of Biocon's Alzumab which has been approved by the CDSCO for the treatment of Covid-19 in India

Tata Sons plans to infuse more funds into Covid-hit group entities

According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.