Tag Archives: Tata Group

In a heartfelt tribute to his close relationships and commitment to philanthropy, Ratan Tata has named his mentee and executive assistant, Shantanu Naidu, in his will. Tata, who passed away earlier this month at the age of 86, also made provisions for his beloved German Shepherd, Tito, and his long-time associates.

In a significant leadership transition, Noel Tata, half-brother of the late Ratan Tata, has been appointed Chairman of Tata Trust, effective immediately after a board meeting in Mumbai. This change comes in the wake of Ratan Tata's death at the age of 86, which occurred in a Mumbai hospital on Wednesday, marking the end of an era for the Tata Group and Indian business at large.

Ratan Tata, the revered industrialist and philanthropist, passed away at the age of 86 on Wednesday in a Mumbai hospital, leaving behind a legacy that reshaped India’s industrial landscape. In honor of his contributions, the Maharashtra government has declared a day of mourning, and a state funeral is set to take place, reflecting the profound impact he had on the nation.

Tata Group and Infosys have once again emerged at the forefront of Brand Finance's latest report on the most valuable Indian brands for 2024. The annual India 100 report, compiled by Brand Finance, assessed over 250 Indian brands across various sectors including IT, hospitality, automotive, and retail.

In a significant development for the aviation industry, the National Company Law Tribunal (NCLT) has granted approval for the merger of Air India and Vistara, marking a pivotal step towards the formation of one of the world's largest airline conglomerates. The post-merger entity will witness Singapore Airlines holding a 25.1% stake in Air India, following the announcement of the merger in November 2022.

In a recent development, Air India Express, owned by the Tata Group, is gradually resuming its flight operations after facing disruptions due to a mass sick leave taken by cabin crew members. The airline, which operates numerous daily flights, experienced cancellations and service interruptions but is now on track to restore normalcy by Tuesday.

Air India Express has faced a significant disruption as over 100 flights were cancelled due to a "mass sick leave" by the cabin crew, affecting both international and domestic routes. The unexpected cancellations came after approximately 300 senior cabin crew members reported sick at the last minute and turned off their mobile phones, leaving passengers stranded and confused.

Air India has announced a reduction in its free check-in baggage allowance from 20kg to 15kg for the lowest economy fare segment on domestic flights. This change comes as part of the menu-based pricing model fare families introduced by the Tata Group-owned airline last August.

In a significant development, Taiwanese electronics giant Pegatron is reportedly in advanced discussions with The Tata Group to transfer control of its sole iPhone manufacturing plant in India to the Indian conglomerate. This move, backed by iPhone creator Apple, marks a strategic shift that could impact Apple's supply chain diversification efforts.

In an effort to alleviate its pilot shortage crisis, Vistara, a subsidiary of the Tata Group, has announced plans to source first officers from Air India. However, this move may not immediately resolve the ongoing challenges faced by the airline.