Tata Sons, the holding entity of the $410-billion Tata Group, recently sought to voluntarily surrender its certificate of registration to the Reserve Bank of India (RBI) after repaying more than Rs 20,000 crore in debt in a strategic move that allows it to remain an unlisted, closely held company.The company in its annual report said…
NEW DELHI: Vistara will merge into Air India on November 12. This date is learnt to have been finalised soon after the government has approved foreign direct investment (FDI) by Singapore Airlines into Air India. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI…
NEW DELHI: The Indian Govt has approved foreign direct investment (FDI) by Singapore Airlines into Air India, paving the way for the merger of Vistara into AI by the end of this calendar year. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI by…
BENGALURU: Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in data management,” Chandrasekaran, who is also TCS chairman, said at…
N Chandrasekaran, the chairman of Tata Sons, has conveyed a bold growth target to the group’s chief executives, encouraging them to amplify their efforts in driving growth and creating further momentum in crucial sectors such as electronics, EVs, batteries, and steel in the upcoming year. He has also stressed the significance of CEOs and CXOs…
MUMBAI: A month after raising over Rs 9,000 crore from TCS stake sale, Tata Sons has approached RBI seeking an exemption from a mandatory IPO. The holding company of the $150-billion salt-to-software Tata Group has informed RBI, in the fresh proposal, that it has reduced its debt significantly. Tata Sons needs to cut its debt…
Forbes has reported that Firoz and Zahan, the sons of Cyrus Mistry, have emerged as the wealthiest billionaires under 30. According to the latest Forbes Billionaires List for 2024, the top 25 youngest billionaires worldwide collectively possess a wealth of $110 billion. Zahan and Firoz Mistry, aged 25 and 27, respectively, lead the roster of…
Representative image Tanishq, a jewellery brand from the Tata Group, plans to have 50 boutiques globally over the long term, said Kuruvilla Markose, the CEO of Titan Company which manages the brand business, as it opened a boutique here on Saturday. Currently, Titan has 13 boutiques in the international market and is constantly scouting for…
MUMBAI: Tata Sons, the holding company of the $150-billion Tata Group, will have to be ready for a stock market listing by September 2025 with the RBI classifying it as an ‘upper-layer’ NBFC, which requires greater regulatory compliance.If Tata Sons gets listed, it will be a windfall for its shareholders, including Tata Trusts, headed by…
