As revenues thin, Tata Group companies prepare to tighten belt
The cuts will impact all functions, including finance, marketing, human resources and branding.
Larger ITAT bench to hear tax demand on Tata Trust today
The hearing, in relation with a case involving a Rs 100-crore tax demand on Tata Edu...
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 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.
Covid-19: Tata Trusts, Tata group ties up with two medical institutions to assist health care professionals
The Trusts’ intervention follows the Chairman, Mr. Ratan N. Tata’s statement that “urgent emergency resources need to be deployed to cope with the needs of fighting the Covid-19 crisis, which is one of the toughest challenges the human race will face.”
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.
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 Sons in strong financial position, says N Chandrasekaran
N Chandrasekaran says group in a strong financial position to support firms and new initiatives.
We won't curtail investments in retail businesses: Noel Tata, Chairman, Trent & Voltas
“It’s difficult to say what our growth will be in the next 3-5 years while we are still in the midst of Covid-19. At this juncture, it is possible that it will take a whole year for demand to return to pre-Covid levels. Nevertheless, our retail companies do not intend to slow down expansion plans in the coming year,” Tata said.
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.
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 Trusts commits Rs 500 crore to fight coronavirus
Commenting on the same Ratan Tata said, "The situation in India and across the world is of grave concern and needs immediate action. Tata Trusts and the Tata group’s companies have in the past risen to the needs of the nation. At this moment, the need of the hour is greater than any other time. " He added that urgent emergency resources need to be deployed to cope with the crisis.
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.
Personal letters to Pallonji Mistry give no legal right: Ratan Tata
Cyrus Mistry’s move seeking proportionate representation on Tata Sons board based on these an afterthought, says Tata confidant.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service