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Tata Sons News
Tata Sons only in preliminary talks with Jet Airways about a deal
Fri, Nov 16, 2018
Shares in debt-laden Jet Airways surged on Friday for a fourth straight day after media reported that Tata was close to making a takeover bid for the airline, which flies to destinations including Hong Kong, Dubai, London and New York.
Tata Sons says in preliminary talks with Jet Airways around a deal
Fri, Nov 16, 2018
Indian conglomerate Tata Sons Ltd said on Friday it is in preliminary talks with Jet Airways Ltd and has made no proposal to acquire a stake in the debt-laden carrier, cooling speculation that a deal was imminent.
Jet Airways climbs 14% ahead of Tata Sons board meet
Fri, Nov 16, 2018
Shares of Jet Airways Friday surged over 14 per cent on bourses ahead of a meeting of Tata Sons' board, which is likely to discuss buyout of the cash-strapped airline.
Tata looks to reclaim the skies in Jet stake talks
Thu, Nov 15, 2018
Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways Ltd, a purchase which could transform India's largest conglomerate from airline fringe player into the country's dominant, full-service international carrier.
Tata Sons looks to reclaim the skies in Jet Airways stake talks
Wed, Nov 14, 2018
Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures.
Tata Sons writes off entire investment of Rs 28,651 cr in Tata Teleservices
Tue, Oct 23, 2018
Tata Sons is in the process of transferring the consumer mobile business of Tata Teleservices to Bharti Airtel and hiving off the enterprise segment to merge with the group's networking arm Tata Communications.
Cyrus Mistry approaches NCLAT against his removal from Tata Sons
Fri, Aug 03, 2018
A special bench of the tribunal held that the Board of Directors at Tata Sons was "competent" to remove the executive chairperson of the company.
AirAsia India flies 87% more passengers in June qtr
Sat, Jul 28, 2018
AirAsia India (AAI) today said it has flown 1.82 million passengers in the April to June period, registering an 82 per cent growth over the year-ago period.
Vistara orders 19 jets, 13 Airbus A320neo, 6 Boeing 787-9 Dreamliners, for $3.1 bn
Thu, Jul 12, 2018
Inching closer towards its cruise towards international, Vistara, the joint venture between Tata Sons and Singapore Airlines, on Tuesday announced it placed firm orders with Airbus for 13 aircraft from the A320neo family and with Boeing for six 787-9 Dreamliners.
NCLT dismisses ousted Chairman Cyrus Mistry's petition against Tata Sons
Tue, Jul 10, 2018
The National Company Law Tribunal (NCLT), a quasi-judicial body for corporate grievances, said it did not find any merit in allegations of mismanagement in Tata group companies.
NCLT verdict favours Tata Sons; Cyrus Mistry to appeal against order, terms ruling as 'disappointing'
Mon, Jul 09, 2018
Cyrus Mistry was ousted as Tata Sons Chairman in October 2016. Two months later, he and his family-run investment firm, Cyrus Investments, approached the NCLT as minority shareholders against the corporate monolith and others, including Ratan Tata, alleging oppression and mismanagement.
Ahead of NCLT verdict, Cyrus Mistry fires fresh salvo at Tata Sons
Sun, Jul 01, 2018
The Mumbai bench of the NCLT will deliver its verdict on July 4 on the bitter legal feud that Mistry has been fighting ever since dismissal as the chairman of the Tats Sons on October 24, 2016. The key allegation by Mistry camp is that his removal as chairman and subsequently as a director of the board Tata Sons was a result of oppression by the promoters who are in turn owned by Tata Trusts that owns over 68 per cent in Tata Sons.
S. Jaishankar appointed as Tata Group''s President of Global Corporate Affairs
Mon, Apr 23, 2018
In his new role, Jaishankar will be responsible for the Tata group`s global corporate affairs and international strategy development and Tata Sons` international offices will report to him, according to a statement issued by Tata Sons.
To provide unified offering for defence forces, Tata Sons to consolidate group companies
Wed, Apr 11, 2018
The company said Tata A&D proposes to leverage its full range of expertise, experience and capabilities from across the Group related to land mobility solutions, aerospace, weapon systems, sensors and command, control, communication, computers and intelligence. "Several companies proposed to be forming part of Tata A&D already have strong, established partnerships with leading aerospace and defence firms and are part of the global supply chain. In some instances, they are also a global single source provider," the company said.
Tata Sons buys shares worth Rs 1,100 cr in Indian Hotels, Tata Motors
Fri, Mar 16, 2018
Tata Sons on Thursday picked up shares worth Rs 1,088.88 crore of its two group companies, Indian Hotels Company (IHC) and Tata Motors, through open market transactions. According to the block deal data, Tata Sons acquired 6.64 per cent stake in IHC.
Tata Consultancy Services share price tanks 5%; top loser on Sensex, Nifty; here's why
Tue, Mar 13, 2018
TCS share price: Tata Sons is looking to sell around 2.83 crore shares amounting to about 1.48 per cent stake in TCS and the transaction is likely to be happen this week, reported news agency PTI citing investment banking sources.
Tata Sons plans to raise around Rs 8,200 cr via TCS share sale
Tue, Mar 13, 2018
After the proposed share sale, Tata Sons' holding in Tata Consultancy Services (TCS) will come down to around 72 per cent from 73.52 per cent as on December, 2017.
One year of Tata chief Chandra: Group stocks rally up to 200%, add Rs 1.5 lakh cr to m-cap
Wed, Feb 21, 2018
N Chandrasekaran, fondly called Chandra, has completed a year as chairman of Tata Sons. Stabilisng the turbulance at Tata Group post a chaotic ouster of former chairman Cyrus Mistry, Chandra, the first non-Parsi chairman at Tata, took over the reins last year on February 21.
Tata reviews its housing arm as projects grapple with problems
Mon, Feb 05, 2018
Tata Housing CEO Brotin Banerjee, who has spent 13 years with the conglomerate, has been attending office sporadically over the past few weeks
Defamation complaint: Court sets aside summons to Cyrus Mistry
Wed, Dec 27, 2017
Mistry and the other accused had approached the sessions court after the metropolitan magistrate issued the summons in July this year directing them to appear before it.