Adds that it is committed to honouring contractual obligations to NTT Docomo in compliance with Indian regulations and law
Promoters agree to invest Rs 150 crore in Vistara; Air Asia India's board had earlier agreed to infuse Rs 234 crore in the airline
The financial support, exceeding $25 million, will be spread over time for individual alliances with the institutions. including Harvard, Yale, IIT-Madras and UK's Royal Society
With Chandra's appointment, the Tata Sons Board now has nine directors
Analysts say the choice of both is good, as both have immense experience in running businesses in India
The appointments signify the conglomerate's move to bring in more experienced talent at the holding company level
The move comes after Tata Sons' brass including chairman Cyrus Mistry and chairman emeritus Ratan Tata met NTT Docomo officials
Tata Sons deposits $1.17 bn with court
Tata Teleservices, in turn, is expected to invest the funds in Tata Teleservices (Maharashtra) Ltd's redeemable preference shares worth a similar amount
Starbucks also announced that it will offer its coffee on Vistara airlines' flights
Docomo gets higher valuation to exit Tata Teleservices
The Japanese company said in a statement the award was for Tata Sons' breach of their shareholders' agreement
Excluding TCS, dividend income down to a trickle; Tata Sons, however, says market cap of listed entities grew much more than that of Sensex over 10 years
The civil aviation ministry is keeping mum on a media report, which reveals that the aviation firm is being controlled by its Malaysian share holder.