As revenues thin, Tata Group companies prepare to tighten belt
The cuts will impact all functions, including finance, marketing, human resources and branding.
N Chandrasekaran seeks to rewire Tata Group for post-Covid world
Chandrasekaran is keen to find solutions to the problems facing the group’s ...
Tata Sons in strong financial position, says N Chandrasekaran
N Chandrasekaran says group in a strong financial position to support firms and...
Tata Group stocks performance after Mistry joined
Tata Power to raise Rs 2,600 crore from Tata Sons; share sale at 15% premium
The power generation and distribution company said it will allot 49,05,66,037 shares to Tata Sons at Rs 53 per share, meaning a premium of 15 per cent from the last close.
TCS revenue growth from Tata Group slows in FY 20
Revenue from Tata Sons as well as subsidiaries and associates grew to nearly Rs 2,656 crore compared to a more than 13% growth to Rs 2,566 crore in financial year 2019, when the software services exporter capitalised on the group's new technology initiatives.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Tata Group not looking to monetise investments, has enough cash, says Chairman N Chandrasekaran
"All our group companies are progressing well responding to these challenges and opportunities and we are confident that they will emerge stronger," Tata Group Chairman N Chandrasekaran said.
Tata Group may slash pay of employees at some cos
Some of its companies like Indian Hotels (Taj), Tata SIA Airlines (Vistara) and Tata Motors have been majorly hit after travel bans and production shutdowns of non-essential products. Some other units like Tata Power and Tata Communications benefited as stay-at-home restrictions increased demand for electricity and internet.
Tata Sons is not looking to monetise investments to raise capital: Chandrasekaran
Tata Sons is not looking to monetise its investments to raise capital said N .Chandrasekaran, Chairman, Tata Sons in a media statement.
Covid impact: Tata's top deck to take up to 20% pay cut for the first time in group's history
Chairman of Tata Sons and CEOs of all operating companies will take an estimated 20% cut in pay.
Tata Steel Europe units may get Tata Sons infusion
"We are doing what can be done to be as lean and efficient as possible. It really is Tata Steel’s responsibility and we will do as much as possible to work out a solution from our end. We do not have a window to our promoter’s view on this,” said a top executive close to Tata Steel.
Onboarding delayed for newbies at IT companies
Large IT service firms such as Infosys, Tata Consultancy Services and Wipro have said in April that they would honour all job offers made early in 2020, though the new hiring numbers would be low this year.
Tata Group ties up with SCTIMST for commercial production of COVID-19 testing kits
The tie with city-based SCTIMST follows Tata Sons partnership with CSIR-Institute of Genomics andIntegrative Biology to produce CRISPR based COVID test kits.
Cyrus Mistry questions Tata performance; says group had net loss of Rs 13,000 crore in 2019
Mistry was unceremoniously removed as the chairman of Tata Sons on October 24, 2016.
World's reliance on China for sourcing goods to reduce,presents opportunity for India: Tata Sons Chairman Chandrasekaran
The coronavirus pandemic, which originated in China, has forced companies the world over to rethink their reliance on the Chinese supply chain. Simultaneously, the constant flaring up of trade tensions has also meant that the world cannot depend on a single market.
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