After a long journey of 69 years, Air India is set to be officially handed over to Tata Group on Thursday. Tata Group Chairman N Chandrasekhar is in Delhi to witness the formal transfer, sources told ANI. “Officially Air India hands over to Tata Group today in the afternoon. Tata Group Chairman N Chandrasekaran will be in the ministries for […]
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Final bids for Air India disinvestment today, Tata group also in race
The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process is fixed and will not change. After failing to find any buyer for a 76 percent […]
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S&P places Tata Group companies on creditwatch positive
S&P Global Ratings on Friday placed the long-term issuer and issue credit ratings on Tata Steel Ltd, Tata Motors, ABJA Investment Co Pte Ltd, TML Holdings Pte Ltd and Jaguar Land Rover Automotive Plc on creditwatch with positive implications. The creditwatch signals that S&P could potentially reassess relationship between these Tata Group entities and the holding company Tata Sons Pte Ltd […]
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India’s Tata gets IP rights for German platform to build military aircraft
Tata Group has reportedly gained the intellectual property (IP) rights for a German-origin platform to make an ‘indigenous military aircraft’ in India. This integration will convert the jet into a platform that can perform cross-border surveillance, signal intelligence and many more missions. It will be designed to fly at 41,000ft […]
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SC stays NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group
The Supreme Court on Friday stayed the NCLAT order restoring Cyrus Mistry as executive chairman of the Tata Group. A bench of Chief Justice S A Bobde and Justices B R Gavai and Surya Kant agreed to hear Tata Sons’ plea challenging the National Company Law Appellate Tribunal (NCLAT) decision […]