Tata Group
Tata Housing Development Company Ltd., one of India’s leading Real Estate Developers, to develop two new residential projects in Mumbai and Kolkata. Tata Housing will invest Rs 600 crore to develop about 700 units in a luxury housing project at Mumbai and Rs 800-900 crore in Kolkata to construct about 2,500 units in various phases. [...] Continue Reading »
The National Highways Authority of India (NHAI) has raised concerns over the road ministry’s decision to put on hold its proposal for allowing full equity divestment in public-private partnership (PPP) projects, arguing that a stressed promoter can be harmful for the project. In a letter to the ministry, NHAI has said that it had convinced [...] Continue Reading »
The Tata Group has put in place a centralized platform to collaborate and tap synergies across its 100-plus group companies to boost growth and save on costs. Tata Sons, the apex investment holding company of the tea-to-telecom conglomerate, has set up “clusters” and “enablers” to leverage on group companies’ resources, strength and expertise to maximize [...] Continue Reading »
There is some good news for India Inc. as our home grown company Tata Group under the chairmanship of Cyrus Mistry, saw a record capital expenditure of Rs 95,634 crore on organic growth. This is the data for 2013-14 which is the first full year for Mistry as a chairman for the group and the amount [...] Continue Reading »
Tata Group’s Indian Hotels Company (IHCL) can continue to run the Taj Mahal hotel located on Mansingh Road in Delhi by extension of the lease agreement if it pays the market rate after consultation with the New Delhi Municipal Council (NDMC), Attorney General Mukul Rohtagi has said in his legal opinion to the municipal body. [...] Continue Reading »
Tata group’s The Indian Hotels Co. Ltd (IHCL), which runs the Taj Group of Hotels, will add 30 hotels with 3,700 rooms and has committed Rs 440 crore for the next three years, according to Cyrus P. Mistry, chairman of the company. Addressing shareholders at the 113th annual general meeting, Mistry said the hospitality sector [...] Continue Reading »
A lot of new companies are entering the Fortune magazine list. Tobacco-to-FMCG conglomerate ITC has replaced Tata group IT giant TCS as the country’s most admired company on a Fortune magazine list. This list has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. [...] Continue Reading »
Tata Group chairman Cyrus Mistry and Piramal Group head Ajay Piramal are reportedly in talks to work out a partnership for the infrastructure business in India; thereby exploiting the infrastructure opportunity unfolded by the Narendra Modi government. Sources familiar with the ongoing talks between Mistry and Piramal have revealed that the two corporate biggies recently [...] Continue Reading »
The Tata Group has been successful in retaining its place as the country’s most valuable brand at $21 billion, while the total worth of top-100 Indian brands now stands at $92.6 billion, as according to a new study that was recently conducted. The state-run insurance behemoth LIC is ranked second with a brand value of [...] Continue Reading »
Ratan Tata’s raging comment on West Bengal’s industrial scene triggered an all out attack by the Trinamool Congress (TMC) leaders on Thursday, with state finance minister Amit Mitra even saying that the Tata Group chairman emeritus has completely lost his mind. Last Wednesday, Tata had said that he couldn’t see any industrial development during his [...] Continue Reading »
