TATA EMPIRE
Don't short-change stakeholders; stay upbeat in tough times: JSW's Sajjan Jindal
Sajjan Jindal, Business Leader of the Year, shares his four-decade journey. He built JSW with passion and bold decisions. Jindal emphasizes stakeholder care and corporate governance for young entrepreneurs. He expanded into cement and paints, seeing potential beyond steel. Takeovers are a key growth strategy. The Economic Times Awards for Corporate Excellence will be presented on April 25.
Long-term patience along with discipline, not ‘multi-bagger hunting’, builds real wealth: Somil Mehta
Somil Mehta of Mirae Asset Sharekhan emphasizes that sustainable wealth creation hinges on discipline and patience, not impulsive bets. He highlights the importance of structured investing, consistent monitoring, and risk management, noting that research accessibility has outpaced its structured application by many investors.
Tata Group Chairman N Chandrasekaran conferred honorary knighthood by UK
Tata Group Chairman N Chandrasekaran received an honorary knighthood from the British government. This honour recognizes his significant contributions to India-UK business relations. The Tata Group is a major investor in the UK, supporting jobs and key industries. Chandrasekaran expressed commitment to deepening the partnership and creating shared prosperity.
View: Tata’s fights are going public. Why doesn’t its equity?
Discord at India's Tata Sons is escalating, potentially jeopardizing its $300 billion empire. A family feud over a 18.4% stake held by the Mistry family fuels resistance to a public listing, a move seen as the logical solution. This internal conflict risks impacting major business ventures and the group's esteemed reputation.
Meet Manasi Kirloskar. How is she related to Noel Tata, Ratan Tata's successor
As the fifth-generation successor of a 130-year-old business dynasty, Manasi Tata is connected to another of India’s most esteemed families. The daughter of the late Vikram Kirloskar, former Chairman of Toyota Motor, Manasi is married to Neville Tata, whose father, Noel Tata, is the half-brother of Ratan Tata. This union links her to two of the country’s most respected business lineages.
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Ratan Tata controlled 30 companies in over 100 countries but never made it to any billionaires list
Ratan Tata, who passed away at 86, transformed India's Tata Group into a global conglomerate. Known for his modest lifestyle and philanthropy, he led the firm for 21 years, expanding its global footprint to include brands like Jaguar and Land Rover while prioritizing charitable endeavors.
Last wishes of Ratan Tata on succession at Trusts could prevail
Following Ratan Tata's passing, the Tata Trusts face uncertainty in leadership. Despite legal constraints, succession remains paramount, with interim leadership possible. Key figures like Venu Srinivasan, Vijay Singh, and Noel Tata, hold influential positions, indicating succession plans may favor continuity and stability within the Tata empire.
Battle of ethics: Why Ratan Tata led the ouster of his handpicked Tata Sons successor, Cyrus Mistry
Ratan Tata's appointment as the successor to JRD Tata at Tata Sons in 1991 received strong backing from Pallonji Mistry. Their relationship evolved into a personal one with Pallonji’s daughter marrying Tata's half-brother. Conflict arose when Cyrus Mistry, Pallonji’s son, was removed as chairman in 2016, leading to legal battles and eventual fractures between the families.
Tata Investment Corp, Tata Power and other group stocks surge up to 15%
Shares of Tata Group companies surged by up to 15% following the death of Tata Sons Chairman Emeritus Ratan Tata. Investors paid tribute by investing in various Tata stocks, reflecting the impact of Tata's vision on India's growth. Prime Minister Modi and business leaders expressed their condolences.
Ratan Tata years: Profit zoomed 51 times, market capitalization 33 times under his leadership
Ratan Tata, who passed away at 86, led the Tata Group for 21 years, boosting revenues 46 times and profits 51 times. Under his leadership, Tata Group saw major international acquisitions, including Tetley, Corus, and Jaguar Land Rover. Tata Group's market capitalization grew significantly, and Tata Consultancy Services went public, raising $1.2 billion.
Independence Day: How the Tatas struck back at the British empire
As India celebrates its 77th Independence Day, here is a look at a tale of a steely Indian entrepreneurial resolve. When Sir JN Tata dreamt of putting up a steel plant in India, the British administrators felt it was not a job that Indians could excel at. Nearly 100 years later, the Tatas acquired the same company.
Tata plans to merge carriers under Air India, nix Vistara brand
India’s largest conglomerate is also considering scrapping the Vistara brand, which is Singapore Airlines Ltd.’s local affiliate in the South Asian nation, the people said, declining to be identified because the discussions are private. Singapore Airlines is evaluating the size of stake it should take in the combined entity, one of the people said.
Will Cyrus Mistry’s death bring an end to Tata-Shapoorji Pallonji spat?
In October 2016, Mistry was ousted as chairman by board of Tata Sons, which met and voted against his continuance. Mistry took Tata Sons to court over the move, accusing the holding company of financial wrongdoing and corporate governance violations, including at AirAsia India, a Tata-owned airline that was founded in partnership with Malaysia’s AirAsia Bhd.
India's top industrialist, philanthropist Ratan Tata ranks way down on rich list
Ratan Tata’s wealth, largely sourced from Tata Sons, stood at Rs 3,500 crore, putting him at 433rd position on the IIFL Wealth Hurun India Rich List 2021. In the 2020 list, Ratan Tata’s ranking was 198th with wealth at Rs 6,000 crore.
Tata Sons mulling leadership makeover of $106 billion empire, may create space for CEO
The current chairman of Tata Sons, Natarajan Chandrasekaran, is being considered for extension after his term ends in February, while heads of various Tata group firms, including Tata Steel Ltd., are being evaluated for the CEO position
Tata Consumer to exit food services biz in US after two decades
The food services business includes a tea factory in Georgia and a distribution unit engaged in the sale of tea and coffee products to supermarkets, ‘dollar’ and military stores in the US. Tata Consumer will be selling its share in the business to long-time partner Harris Tea.
Tata Consumer Products to divest stake in US-based Empirical Group, Southern Tea
Empirical is engaged in the sale of tea and coffee for food services and contract customers and Southern Tea is a manufacturing entity managed by Harris Tea Company LLC.
Yes Bank leases 2.30 lakh sq ft in Navi Mumbai for record 21 years
In addition to the leased space, Yes Bank also has secured first right of refusal for 50,000 sq ft in the complex.
A Tata lifer, Chandra is a perfect fit as Tata Sons' chairman: Deepak Parekh, HDFC
Chandra is a Tata man. He is used to the Tata values and the Tata ethos of doing business. So for him, it is going to be a seamless activity, says Parekh.
Cyrus Mistry's ouster: Only TCS' Chandrasekaran fit to be Tata group CEO, says RPG's Harsh Goenka
If one looks at the current lot of people, there seems to be only one person who can take that job and that is is N Chandraekaran, said Goenka.
Tata Empire split in two as Cyrus Mistry stays Chairman of Group units
A week after the coup at Tata Sons Ltd., Mistry is still chairman and non-executive director of Tata Motors Ltd., owner of Jaguar Land Rover; Tata Power Ltd.
The Tata voice is lost where James Bond advertises Pan Bahar and where information is noise
In a world, where Snapchat is a giant, where information is noise, where James Bond advertises Pan Bahar, the Tata voice is lost.
Cyrus Mistry removal: In an open letter, Ratan Tata reassures employees
A selection panel has been formed to find a successor in four months. The committee will include Ratan Tata, Ronen Sen, Venu Srinivasan, Amit Chandra.
Venu Srinivasan, Ajay Piramal inducted as non-executive directors of Tata Sons
The salt-to-software conglomerate had inducted several industrialists on the board of their blue-chip companies to gain from their experience and expertise.
India's Harshad Bhadeshia knighted by Queen
Harshad Kumar Dharamshi Bhadeshia, Tata Steel Professor of Metallurgy, has been awarded by Queen Elizabeth II for services to science and technology.
A sneak peek into the many facets of the business icon Ratan Tata
From being inducted to the board of Interpol this month to his recent ecommerce investments — the many facets of the business icon Ratan Tata
GBE: Ratan Tata receives one of UK's top civilian honours
Tata was presented the GBE by British High Commissioner to India Sir James Bevan on behalf of Queen Elizabeth II.
Great decade for Tata, but what after Ratan retires?
A string of prestigious acquisitions and an unimaginably cheap car, transformed the 140-year-old Tata group into a global conglomerate. Factors for successful M&As
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