Tata Group Current Affairs - 2019

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Cyrus Mistry removed as Chairman of Tata Group

The board of India’s largest conglomerate Tata Sons Ltd has removed Cyrus Pallonji Mistry (48) as Chairman. However he will remain a director of the individual companies. The board has replaced him with his predecessor Ratan Tata as interim chairman for four months. Mistry had shortest tenure as Chairman so far at the group. Mistry Read More…

Month:  Categories: Business, Economy & Banking

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Tata Advanced Systems signs deal with Bell Helicopter

Tata Advanced Systems Ltd (TASL) and US-based Bell Helicopter have signed a deal to jointly develop the helicopter market in India. The agreement seeks to support of India’s aviation and defence modernization initiatives with an emphasis on ‘Make in India’. Under this agreement Both companies will jointly develop the helicopter market in India, including potential Read More…

Month:  Categories: Business, Economy & Banking

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Tata Power to acquire Welspun Renewables

Private power producer Tata Power Co. Ltd has agreed to acquire renewable energy company Welspun Renewables Energy Pvt. Ltd. In this regard, Tata Power’s renewable energy unit Tata Power Renewable Energy Ltd (TPREL) has signed share purchase agreement to acquire Welspun Renewables Energy. The transaction deal is sized at 9,249 crore rupees which is considered Read More…

Month:  Categories: Business, Economy & Banking

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US court slaps 940 million dollars fine on two Tata group companies

The federal grand jury in the US State of Wisconsin has slapped 940 million US dollars fine against two companies of India’s Tata group – Tata Consultancy Services (TCS) and Tata America International Corp. They were fined in a trade secret lawsuit filed against them by the US based electronics medical records vendor Epic Systems. Read More…

Month:  Categories: Business, Economy & Banking

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Tata Trusts ink MoU with Andhra Pradesh Government to develop 264 Smart Villages

Tata Trusts has inked a Memorandum of Understanding (MoU) with the Andhra Pradesh Government to develop 264 villages. Under this initiative, all 264 villages in the Vijayawada constituency will be developed in order to transform them into smart villages. The project has been jointly undertaken by local Lok Sabha MP Kesineni Srinivas and the Tata Read More…

Month:  Categories: States

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C Ramakrishnan appointed as Group CFO of Tata Motors Limited

India’s biggest auto maker, Tata Motors Limited has appointed Chandrasekaran Ramakrishnan as chief financial officer (CFO) of its automobile group. He will have tenure of two years and the CFOs of all Tata Motors subsidiaries like Jaguar Land Rover, Daewoo etc. henceforth will report to him. Since 2007, Ramakrishnan has been the CFO of Tata Read More…

Month:  Categories: Business, Economy & Banking

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Ratan Tata honoured with Doctorate of Automotive Engineering by Clemson University

Ex-chairman of the Tata Group Ratan Tata has been honoured with Doctorate of Automotive Engineering by the Clemson University. He was conferred with Doctorate for his contributions to the global automotive industry at the South Carolina Automotive Summit. About Ratan Tata Ratan Tata holds bachelor’s degree in architecture from Cornell University. He also has completed Read More…

Month:  Categories: Awards & HonoursPersons in News

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