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Business India

Tata’s regain control of Air India after years of taxpayer bailouts

Tata Sons Pvt formally took charge of debt-laden Air India Ltd., ending years of failed attempts to sell the money-losing airline that has been kept afloat with billions of dollars of taxpayer money. “It is indeed noteworthy that the disinvestment process of @airindiain has been brought to a successful conclusion in a time-bound manner,” aviation […]

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Business

Tata Group: Backbone of India

Indian company Tata Sons is principal investment holding company and promoter of Tata companies with 66%. The Tata group is one of India’s biggest and oldest industrial and business conglomerates in India. It is known and recognized as the country’s backbone. The group is headquartered in Mumbai, Maharashtra. Presently Natarajan Chandrasekaran is the chairman. As […]

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Business

India’s Tata Group announces plans to enter into semiconductor manufacturing segment amid major global shortage

Tata sons, the primary stakeholders in the Tata group of companies in India recently announced that Tata Electronics would be entering the semiconductor manufacturing segment. “At the Tata Group, we have already set up a business to seize the promise of high-tech manufacturing of electronics, precision manufacturing, assembly and testing, and semiconductors in the medium […]

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Business

Tata Group increases holding in struggling AirAsia India

The Tata Group increased its holding in AirAsia India from 51% to 84% on Tuesday as its Malaysian parent company was scaling back operations amid the Covid pandemic. Tata also put in a bid for the country’s struggling national carrier Air India. Tata Group is paying AirAsia around USD $38 million for the increased stake […]

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Business

Tribunal restores Cyrus Mistry as chairman of Tata Sons

National Company Law Appellate Tribunal (NCLAT) on Wednesday restored Cyrus Mistry as executive chairman of Tata Sons. Cyrus Mistry, who comes from a family that owns a minority stake in Tata Sons, was tangled in a legal battle with the conglomerate after he was removed as chairman in October 2016. The tribunal has also held […]