Tata Sons board evaluates roadmap to turn around loss-making companies
Tata Sons Chairman N Chandrasekaran and other top officials made a detailed presentation to the board members at the Bombay House group headquarters, here on Tuesday.
Tata Sons Chairman N Chandrasekaran and other top officials made a detailed presentation to the board members at the Bombay House group headquarters, here on Tuesday.
The decisions were taken in the state cabinet meeting chaired by Chief Minister Yogi Adityanath here on Tuesday.
Noel Tata, who became chairman of Tata Trusts in October 2024, was nominated to the Tata Sons Board by the trusts and appointed as an additional director last year.
Tata Sons, which owns and operates Air India, on Friday completed the registration of a public charitable trust worth Rs 500 crore, dedicated to the victims of the Air India flight AI-171 crash in Ahmedabad on June 12 that killed 260 people.
Chief Minister Chandrababu Naidu met the Tata Group chairman to discuss building a golden Andhra Pradesh.
He said that his decision has been made in the interests of the Tata Group, "whose interests are far more important than the interests of any individual".
While defending himself, Ratan Tata also gave an example of Mistry’s lack of leadership skills during the DoCoMo litigation.
Tata Steel closed at Rs 484.95 up by 3.68% at BSE, and at NSE it rose by 4.29% to reach Rs 487.80; Tata Motors on BSE rose by 25.12% at Rs 193.85, and at NSE it was Rs 193.85 increased by 5.10%
On December 18, the NCLAT had restored Cyrus Mistry as the Executive Chairman of Tata Group, stating that his removal was illegal.
“Mr Tata has been an inspiration and a mentor to me personally in shaping Ola’s journey over the years. I’m very excited to welcome him on board Ola Electric as an investor and a mentor in our mission of building sustainable mobility for everyone on our planet. He is a visionary who has inspired a generation of entrepreneurs and we are privileged to have his guidance and support once again, as we work towards our goal of a million electric vehicles in India by 2021,” said Bhavish Aggarwal
