The Latest Breaking News from Tata Sons

Shapoorji Pallonji Group completes long-delayed debt fundraising, sources say

The Shapoorji Pallonji Group has successfully wrapped up its fundraising campaign, garnering bids amounting to a remarkable 215 billion rupees for a three-year bond. This initiative is primarily designed to refinance the conglomerate's existing debts while investors have been reassured about the monetization of its stake in Tata Sons. Notably,…

The Economic Times · Jul 17

Air India chairman N. Chandrasekaran to oversee firm with interim panel; CEO search continues, source says

Air India Chairman N. Chandrasekaran is forming an interim committee to oversee the airline. This committee will manage operations while a successor for CEO Campbell Wilson is sought. Pradeep Singh Kharola, a former civil aviation official, will also join the panel. Wilson's notice period concludes on September 30, marking his…

The Economic Times · Jul 9

Which Indian city tops the income charts?

Bengaluru, Chandigarh, and Delhi boast the highest average incomes, while Chandigarh, Thiruvananthapuram, and Vadodara lead in household spending. India's top six cities dominate consumption, with Delhi NCR alone representing a massive economic hub. The report highlights a significant expansion of the middle-income bracket and a projected decline in low-income households…

The Economic Times · Jul 4

Tata Trusts to hike philanthropic spending to Rs 2,000 cr this fiscal, CEO hits back at 'chaos' narrative

Tata Trusts will boost its charitable spending to Rs 2,000 crore this fiscal year. CEO Siddharth Sharma highlighted the trusts' commitment to societal upliftment. This increased funding will support initiatives like cancer care and the establishment of a new university and hospital. Sharma emphasized the trusts' ongoing dedication to their…

The Economic Times · Jun 14

Bigbasket elevates Seshu Tirumala as COO as it sharpens quick commerce push

Tirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category management and private labels. BigBasket said its private-label business now contributes nearly 40% of total sales.

The Economic Times · Jun 4

Tata Advanced Systems adds military upgrades to Jaguar Land Rover vehicles: N Chandrasekaran

In the realm of automotive innovation, Tata Advanced Systems is enhancing the Jaguar Land Rover lineup with futuristic features. On a parallel track, the company is establishing a contemporary defence MRO facility in the vicinity of Bengaluru that will cater to the heavy maintenance needs of transport aircraft. TASL is…

The Economic Times · Jun 2

Tata Sons IPO: Tata Chemicals, Tata Investment Corp shares tumble 3%. Here's why

Shares of Tata Chemicals and Tata Investment Corporation fell around 3% after reports claimed Tata Trusts Chairman Noel Tata had written to the RBI opposing a potential Tata Sons listing. According to the report, Tata Trusts fears a public listing could shift Tata Sons’ focus towards short-term market pressures and…

The Economic Times · Jun 1

New-age biz CEOs make presentations at Tata Sons board meet

Tata Sons board convened in Mumbai to assess new ventures. Leaders from Air India, Tata Digital, and Tata Electronics presented their progress. Discussions also touched upon the reappointment of Chairman N Chandrasekaran. The group faces significant losses in its unlisted businesses. A future meeting is scheduled for June 12.

The Economic Times · May 26

Tata Sons board meet concludes in Mumbai

Tata Sons gathered its board in Mumbai for critical deliberations, although Chairman N Chandrasekaran chose not to address the press. Key discussions revolved around the performance issues faced by group companies, compounded by concerns about leadership transitions. The company is grappling with significant losses in its newer projects, alongside challenges…

The Economic Times · May 26

Tata Sons’ board huddle today: What Bombay House has been battling in post-Ratan Tata era

Tata Group faces internal churn as tensions rise within Tata Trusts following Ratan Tata's death. Disputes over board representation, governance, and the future of Tata Sons' unlisted status have led to postponed discussions and trustee infighting, impacting group leadership decisions.

The Economic Times · May 26