New Delhi, Jan 1: The Centre has extended the term of the Investment Commission until December 31, 2009.
The three-member commission is headed by Ratan Tata. The other members of the commission are HDFC Chairman Deepak Parekh and former HLL Chairman Ashok Ganguly.
The commission was constituted by the UPA Government to woo investments from domestic and foreign business. It was given the authority of the Government to engage, discuss with and invite domestic and foreign business to invest in India. (ANI)
Kolkata, Aug 22: Commerce and Industries Minister of West Bengal Nirupam Sen and the Chairman of the TATA group Ratan Tata held talks last night over TATA Motor’s small car plant at Singur.
Sen apprised Tata on the recent talks between the State Government and the Opposition Trinamool Congress party to resolve the Singur land impasse.
Kolkata, Aug 22 : Chairman of the TATA group Ratan Tata today said that the group could exit the Nano project from Singur in the interest of the safety of its employees, if violence continued there.
Ratan Tata said that even though it would cost a great deal to move but there was a concern about the safety of employees.
"We will move from Singur whatever the cost to protect our people," he added.
On Thursday, Commerce and Industries Minister of West Bengal Nirupam Sen and Ratan Tata held talks over TATA Motor''s small car plant at Singur.
New Delhi - Tata Motors said Friday it would move its low cost Nano car project out of India's communist-ruled eastern West Bengal state if violent protests over the plant persisted.
The move would come at a great cost to the company, its shareholders and the state, Tata Group chairman Ratan Tata said at a televised media briefing at the state capital Kolkata.
Kolkata, Sep 4 : TATA Group Chairman Ratan Tata today said that he is doing everything possible to launch the Rs one lakh Nano car as planned.
Meanwhile, West Bengal Governor Gopal Krishna Gandhi has begun preliminary discussions with the State Government and the Trinamool Congress.
The Governor also held a meeting with Sudip Bandopadhyay, the chairman of the State Assembly’s Standing Committee on Commerce and Industry.
Tata chief, Mr. Ratan Tata expressed hope that Nano would hit the roads as per its schedule. He said that the company is trying its best to complete the task in time.
He maintained that all the hurdles would be removed and mass production of Nano would begin very soon.
The statement by Tata in the sidelines, at the annual convention of the Society of Indian Automobile Manufacturers, raised hopes of resumption of work at Singur. The company is facing stiff opposition in Singur by opposition parties of Bengal.
New Delhi, Sept 26: In a last-ditch effort to salvage the Nano car project, West Bengal Chief Minister Buddhadeb Bhattacharjee has written to Tata Group Chairman Ratan Tata urging him not to shift the project from Singur.
Bhattacharjee in his letter to Ratan Tata said no more disruptions would occur. “We assure you of police protection,” he said.
The West Bengal Government is awaiting Ratan Tata’s response.
Kolkata, Sept 27 : West Bengal Chief Minister Buddhadeb Bhattacharjee on Saturday said that Ratan Tata, the Tata Group Chairman has replied to his letter and wants to talk to him on Singur issue, and the two are scheduled to meet on Sunday.
West Bengal Industry Minister Nirupam Sen had earlier said, "A meeting between the state government and Tatas may take place on Sunday to discuss the issue."
Kolkata, Oct 3: Tata Group Chairman Ratan Tata will meet West Bengal Chief Minister Buddhadeb Bhattacharjee here today to discuss the company's 'Nano' car project in Singur which has run into rough weather after strong resistance from the Mamata Banerjee's Trinamool Congress over farmland acquisition issue.
According to sources, the meeting is scheduled to be held in the afternoon at the Writers' Buildings.
Work on the Tata's 'Nano' project has been suspended for nearly a month because of the protest by the Trinamool Congress.
Kolkata, Oct 3 : Tata Group chairman Ratan Tata has decided to pull-out “Nano” small car project out of Singur.
Ratan Tata announced the decision to the media after discussion with the Chief Minister here today. He said he had to take the decision considering the situation on the ground.
Following Trinamool Congress’ (TMC) sit-in protest at the plant site in Singur, Tata Motors suspended operations at the Nano factory on September 2.
Earlier, Bhattacharjee had written to Ratan Tata requesting him to restart work at the Nano plant at Singur.
Bhubaneswar, Oct 4 : Orissa Chief Minister Naveen Patnaik on Saturday in a letter to Tata Motors Chairman Ratan Tata formally invited him to set up the “Nano” small car manufacturing unit in the state.
Patnaik asked Tata to utilise the company''s unused land at Gopalpur in Ganjam District and avail all facilities provided to investors under the Industrial Policy Resolution-2007.
TATA motors have started to relocate to a new place, its much hyped small car project after leaving Singur. Tata Group Chairman, Ratan Tata is expected to meet Karnataka chief minister B.S. Yeddyurappa within a week.
The Large and Medium Industries Minister of state, Murugesh Nirani said that the government is ready to acquire land for the small car manufacturing plant of TATA.
The letter of TATA group chairman, Ratan Tata surprised the political and business class of the country.
His “open letter to the citizen of West Bengal” is published in the leading newspapers of Kolkata. He has explained the circumstance under which TATA has to leave Singur in West Bengal. Ratan Tata strongly criticized the role of Trinamool Congress leader, Mamta Benergee and other vested interests.
The Trinamool Congress chief Mamata Banerjee, who seemed to be enraged, alarmed the Tata Group chairman Ratan Tata of taking legal action against him. The TC chief resorted for the action as per the ‘defamatory comments’ made upon her and the farmer’s agitation that she led which ultimately compelled the Tata’s to shift their Nano Car project from Singur in West Bengal to Gujarat.
Trinamool Congress chief, Mamata Banerjee has demanded apology from TATA chief Ratan Tata. She criticized him for his derogatory remarks in his letter.
TATA has written an open letter to the people of the state describing circumstances that led to relocation of his dream car project from the state. The letter was published in all leading newspapers of Kolkata. He specifically mentioned the negative role of Trinamool in Singur pull out.
Mumbai, Nov. 14 : Tata Group Chairman Ratan Tata has announced that Tata Teleservices would roll out next generation technologies including the Global System for Mobile Communications (GSM) by January 2009.
"It is a great pleasure and privilege for the Tata Group to partner with NTT DoCoMo (of Japan) at this time and I hope to give together, give the public a wider range of products and excellent bases of service not only in current technologies but in the technologies yet to come," Tata Group''s Chairman, Ratan Tata told reporters at a press conference here.
New Delhi, Mar 22 : Tata Group Chairman Ratan Tata is all set to launch the world's cheapest car, Nano, on Monday.
Described as `people's car' by Ratan Tata, customers can expect to own a car at a price between Rs. 1.20 lakh and Rs. 1.30 lakh, depending on the version of Nano.
The Nano would come in three versions -- standard and two deluxe models with air conditioning.
After the launch in Mumbai, Nano would be displayed at the company's dealerships from the first week of April, while the bookings would start from the following week.
The booking amount is fixed at Rs. 70,000.
The cash-starved company Jaguar Land Rover (JLR) is working on the idea to raise up to £1 billion by September to satisfy its cash needs according to reports published in British media.
The Tata group company is also exploring options for an overseas bond issue to bridge loan repayments by June.
Earlier, Tata Chief Mr. Ratan Tata, while criticizing British government for ignoring manufacture segment, termed the acquisition of Anglo Dutch steelmaker Corus and British Marquee JLR as a step taken in haste and said that nobody could sense the coming global recession.
Mumbai, July 17 : Tata Motors Chairman Ratan Tata presented the first Tata Nanos, the world's cheapest car, to three customers at a dealership in the Prabhadevi area in central Mumbai on Friday.
The keys of the three cars were delivered to Ashok Vichare, Ashish Balakrishnan and A. Chandrashekaran. One of them said that he would be driving his historic car to Mumbai''s Siddhivinayaka Temple. Tata Motors said that 100,000 Nano cars would be delivered to customers at Rs. 100, 000 each by March 2010.
Ratan N. Tata, the Chairman of Tata Sons and Tata Motors, handed over first lunar silver Tata Nano LX to Ashok Raghunath Vichare in Mumbai, at Tata's concord Motors dealership. Another customer, Ashish Balakrishnan, also brought sunshine yellow Tata Nano LX.
Speaking on the occasion, Mr. Ratan Tata said: "I hope the Tata Nano will bring motoring pleasure to those who will be buying their first car as also those who currently own cars but want a modern, contemporary, emission-friendly city car."
London, July 19 : British Business secretary Lord Mandelson has warned Tata Motors, the owner of Jaguar Land Rover (JLR), to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table.
Following a fresh funding proposal that was made by the British Government earlier this month, Mandelson warned Tata Motors recently.
The revised deal proposed by the Government is understood to have removed a contentious condition contained in the original offer to which Tata objected that would have given the taxpayer board representation at the JLR.
TATAs have announced to take some concrete measures to curtail rising operational costs at Jaguar Land Rover (JLR) in order to improve margins and to turn it into a cost effective company.
However, the company has not announced any official time frame to revive JLR.
Company’s Chairman Ratan Tata, addressing the 64th annual general meeting of the company, said, “We would finance and leverage the company even further. There have been some encouraging signs. There are some new products still to come.”
Kolkata, Sep. 1 : TATA Group chairman Ratan Tata on Tuesday told a press conference here that the failed NANO plant at Singur had cost him about 500 crore rupees, and he was willing to return the land if the State Government compensated Tata Motors.
"We do not want to sit on the land. We will return it if the State Government compensates us for the investments made there,” Ratan Tata said.
Ratan Tata speaks to HT on Swach, the new water purifier from his group.
On the strategy behind ‘Swach’
75 per cent of the rural population does not have access to safe drinking water. The Tata Group took this challenge of providing safe drinking water four years ago. The basic idea stems from the Tata Group’s philosophy to enhance the quality of life.
On marketing this product The company is using the AIR (awareness, innovation and reach) philosophy to market the product. It is banking on Tata Salt’s distribution network and is looking at tie-ups with NGOs and private partners as well. Tata is looking at traditional as well as non-traditional partnerships.
New Delhi, Dec 18 : A survey amongst 1,362 students in 40 business schools across the country reveals that 74 percent of them fear that recession has affected their placement opportunities.
The study, conducted by the Nielson group said that corporate honcho Ratan Tata is the role model of most management students.
"In line with last year's survey, Ratan Tata remains the role model for management students due to graduate in 2010," the survey said.
During the course of his conversation with reporters at the Secretariat on Saturday, West Bengal Chief Secretary Ashok Mohan Chakraborti confirmed that the State government had initiated formal talks with the Tatas about getting back the Singur land, taken by the Tata group for locating its Nano small car project.
The 997-acre land, which the government had acquired on behalf of the Tatas and leased out to Tata Motors for setting up Nano factory, has been left unused by Tata. Since the land has not been put to use as per the terms of the agreement, the government is asking the company to return it.
Tata Group chairman Ratan Tata has said his company will strengthen its presence in Canadian market, hinting at mining as one of the fields.
Presently, Tata Consultancy Services (TCS) has businesses across Canada, having offices in Montreal, Calgary and Mississauga in the Greater Toronto Area and presence in other cities.
The group bought the Canada-based Teleglobe in the year 2005. Based in Montreal, it runs as a division of Tata's Videsh Sanchar Nigam Limited.
While it was Ratan Tata's dream to launch small and affordable car for Indian consumers with a price tag of Rs. One lakh car was successful as the company launched it last year amid tremendous coverage from media agencies, the car may lose its price advantage. The small car will most probably lose the one-lakh tag soon as the second round of bookings open in the last quarter of the current year.
After Ratan Tata made his dream of launching a car priced at Rs. One lakh true in 2009 when it officially gave the keys of its first owner, the small wonder from the Tata Motors stable was believed to create magic in the Indian automobile industry.
However, the fact that it still hasn't reached a state of high volumes, the road has still many miles left for Nano to cover.
Since the point of time when the Chief Minister of Gujarat Narendra Modi sent an SMS to Ratan Tata to come to Gujarat and it make it the home for the small wonder - Tata Nano, the Sanand land has turned into gold. According to the estimates, after Tata's decided to shift to Gujarat, the land prices have gone up by almost 25 times and the farmers operating and living around the area are surely thanking their stars.
A selection committee has been set up by the board of Tata Sons in a bid to find out the successor of current Chairman of the conglomerate, Ratan Tata.
The constitution of the committee is going to have five members including one external member as well. Ratan Tata is going to retire in December 2012 and the panel is said to have started its work already.
In a major announcement in the country, the $71-billion Tata Group has recently said it has already begun the process to select a successor for its chairman, Ratan N Tata, who is due to retire by the end of 2012.
Tata Sons, which is the holding company of the Group has said that it has formed a five-member selection committee, to scout within the group as well as outside and overseas.
It is to be mentioned here that while the company refrain from the divulging the names of the people in the committee but said one of the members will come from outside the country.
Finally a time has been set in the long awaited announcement. Tata Group is expected to get the successor of Ratan Tata by March next year. At least name of the person is going to be revealed by that time.
A panel has already been formed by the Tata Sons to decide upon the name just two days back. The group currently has sales of $71 billion and has 98 companies under its fold.
The successor is going to be chosen much ahead of Ratan Tata's retirement which is to take place in 2012. Such a time lag is important so that a smooth transition can be ensured.
Ratan Tata is the epitome of sincerity, truthfulness and inspirational leadership, is how Maharashtra Governor K. Sankaranarayanan explained the entrepreneur while declaring him with the 'Businessman of the Decade Award'.
After giving the prize on behalf of the Federation of Indo-Israeli Chambers of Commerce, Gov. Sankaranarayanan valuated Tata for placing the nation foremost and maintaining morality and trusteeship in businesses.
The governor also said that the Tata Group touched the life of every Indian by some means.
Finally, Tata Group Chairman, Ratan Tata has opened his mouth over the issue of his successor. At the Annual General Meeting of Tata Chemicals he was quizzed on his successor.
The shareholders had asked that whether a "Parsi, Indian or a foreigner" is going to replace him. In replay Mr. Ratan Tata had said that the Tata group is an Indian group. It doesn’t belong to any single group like Parsi or anybody else. Mr. Tata has also said that his successor won’t be either pro or anti Parsi.
Ratan Tata-led Tata Motors has recently said that the company is planning to expand its operations in the CV business and the company will launch a couple of models in the Indian market in the coming times.
Tata Motors Group's Managing Director and CEO, Carl Peter Forster recently said that the company will launch a few more models in the Indian market by the year-end.
While the move comes in the wake of a rising demand for trucks and automobiles in the domestic market, Forster also mentioned the fact that the upcoming models will be from the Jaguar brand in the domestic circuit.
While the country's largest auto major, Tata Motors didn't take much time in shifting its plant from Singur in West Bengal to Gujarat after it faced a lot of criticism in the State but Tata Group Chairman Ratan Tata recently said that the tycoon regrets Tata Motors could not do the Nano car project which it wanted to do in West Bengal.
While the Jaguar Land Rover (JLR), the luxury car brands owned by Tata Motors has been out of reach of many of the consumers because of the hefty price tags that they come with, but the company is now planning to come up with a slew of entry-level cars including a station wagon and a roadster to boost volumes across markets.
The Tata Group is extensively appreciated for honesty and novelty, not only in India-where it shaped together the initial aboriginal car and the $2,000 Tata Nano coupé - however in a assortment of business lines athwart numerous continents
Tata Group Chairman Ratan Tata has accused the BJP of having many flaws in their policy and believes that their policy bombs the most. He gave this statement just day after he first accused A Raja for favoring a certain set of telecom companies and working for their welfare, and being unfair to some of the telecom companies.
He has alleged Rajya Sabha MP Rajeev Chandrasekhar, while replying to an open letter to him.
Ratan Tata recently lashed on the way Supreme Court has handled the case of his leaked conversation tapes with Niira Radia. He criticized the government on its "lackadaisical attitude" over the case.
Ratan Tata, the Chairman of Tata Group has refused to buy the contentions by the promoter of Swan Telecom that he had defrayed Rs 20 crore to A Raja, the former Telecom Minister.
In his dialogue at the annual general meeting of Tata Steel on Wednesday, Tata declined the allegations saying that he has not paid any kind of sweeteners to Raja, not even a single penny.
Yesterday, Shahid Balwa, who is currently imprisoned at the Tihar Jail along with A Raja for their respective contributions in the 2G spectrum allocation swindle, alleged that Tata paid a bribe of Rs 20 crore to Raja.
According to reports, joining the league of the current ongoing hot corruption debates, top industrialist Ratan Tata too expressed his concerns over the impact of rising corruption, which certainly has worsen their businesses deals.
However, he strongly criticized other corrupt officials and said that other than doing things in a right way, there was no short cut to achieve success, which over the night made any corporation a billion dollar company.
The CEO of Tata Group, Mr. Ratan Tata has recently revealed that their firm shall be investing in the West Bengal project only if the state government shows no hostility towards it and they feel comfortable working there.
He said he couldn't comment on the new projects as of now. He merely suggested that firm has a number of investments lined up for the state but the only hitch is their problems with the government of the state.
The Tata group has announced that Cyrus Mistry will replace Ratan Tata as the head of the Indian business house. Cyrus Mistry would become Chairman of the Tata group's holding company Tata Sons in December 2012 after the retirement of Ratan Tata.
Tata Group's chairman Ratan Tata has introduced his successor, Cyrus Mistry to Gujarat chief minister Narendra Modi in Gandhinagar on Thursday. Mr. Tata is also believed to have discussed the renegotiation of the power purchase agreement (PPA) with the state government for its Mundra. The first phase of the project is already complete but the company is aiming to get a higher price for the power before starting production of power.
Tata group's Tata Consultancy Services (TCS), which has been holding the tag of being the largest IT services company in India, has now become the most valued firm of India by market capitalization.
The company surpassed Reliance Industries Ltd (RIL) to claim the leading spot in the country. The shares of TCS fell on Friday by 0.35 per cent to Rs. 1,161.25 while RIL stock fell 2.81 per cent at Rs. 692.90. TCS had a market capitalisation of Rs. 227,282 crore compared to RIL's Rs. 226,883 crore on Friday.
Ratan Tata, the chairman of Tata Group, has asked the firms of one of India's largest business groups to review their targets in the new year amid a economic slowdown.
He also warned against taking a extremely cautious approach and forgo economic opportunities in the ongoing slowdown. He said in his annual message to employees that group companies would "review and moderate" the predictions of future and make their expansion plans in accordance with the current realities.
Microsoft co-founder and chairman, Bill Gates, Wipro chairman Azim Premji and Tata Sons chairman Ratan Tata jointly hosted a meeting for corporate leaders from various industries to share ideas on philanthropy at a hotel.
The philanthropy meeting began at around 3 pm and ended at 8 pm and was attended by as many as 80 corporates from various cities of the country. Sunil Bharti Mittal, G V K Reddy, S Gopalakrishnan, Anu Aga, Rohini and Nandan Nilekani, Naveen Jindal, Rakesh Jhunjhunwala, Kiran Mazumdar-Shaw and V G Siddhartha were among those present for the event.
Tata Group Chairman Ratan Tata has said in a recent interview that the inadequate infrastructure remains a major roadblock for the growth in the country.
He also said that the government is also required to focus on addressing the water problems in the country. He agreed that providing facilities to the bottom of pyramid is a real challenge for the country. He pointed out that the culture of India and pride in India is very strong and thus it has the potential to emerge as a powerful nation.
He sounded a positive note about the country's potential and brushed aside fears that the neighboring China's larger economy might overpower the country. He said that India needs to manage its food distribution in a better manner.
Indian automajor Maruti Suzuki India declared 23 per cent decline in net profit on year-on-year basis. The company reported Rs 424 crore profit and blamed the decline on fall in Indian currency which impacted the import costs for the auto major which recorded an increase in net sales.
Ratan Tata has chaired the annual general meeting of his group firm, Tata Motors for the last time before he retires as the chairman of Tata Sons this year.
Mr. Tata will pass on the chairmanship to Cyrus Mistry, who is an engineer and MBA from UK, said Mr. Tata. He also thanked the company shareholders for their support and backing for him and now he wants them to provide similar support to Mr. Mistry.
The Tata group's soon to be outgoing chief, Ratan Tata has said that he wants another attempt to promote Tata Nano, often termed as the world's cheapest car, and make it successful in the market.
"The Nano is something I would love to make successful because I don't think it's exploited its full potential right now. There has to be another push to make Nano what it can be," he said while speaking to a TV news channel.
Tata Group chairman Ratan Tata has identified a strategic and long-term roadmap for Tata Global Beverages Ltd, the beverages company's Managing Director & CEO Harish Bhat said on Friday.
Mr. Bhat said that Tata Global Beverages Ltd would introduce innovative products, mainly in the health & wellness segments, as a part of the newly identified roadmap.
According to Automotive News, Indian automaker Tata is working on plans to bring the world's cheapest car - Tata Nano - to the US markets by 2015.
Citing the information shared by Tata's billionaire chairman Ratan Tata, Automotive News said that, despite the fact that Tata is yet to fully disclose its distribution plan for the Nano's launch in the US market, the super-affordable small car will be available in the US in three years; though the original timeline for the release was 2013.
Tata Global Beverages (TGB), the Rs 6,631-crore beverages division of Tata Group, has said that it would focus on the tea, coffee & water segments, rather than making a foray into the food space.
Around two years back, Tata Sons Chairman Ratan Tata had said that the company might enter the food segment. Later, the company announced that it would make acquisitions to foray into the food space.
But, TGB Managing Director Harish Bhat recently said in an interview, "We are a natural beverages company and our focus will be on tea, coffee and water."
The fabric of Indian values and ethics is gradually deteriorating, particularly in the business community, but Tata Group will not involve itself in corruption and bribery because it is based on strong ethics, India's largest conglomerate’s head Ratan Tata has claimed.
Mr. Tata was speaking during a ceremony in which the University of New South Wales awarded him with an honorary Doctorate of Business.
He said that India had several changes of government, but the outlook might not be as bad as one might think.
The government is pushing investment away from the country and forcing Indian companies to look to other emerging markets for growth, Ratan Tata said.
Ratan Tata, the outgoing head of a huge conglomerate whose business ranges from salt to software, accused the government of lacking coherence in its policies and of failing to address industries' complaints about bureaucracy.
Ratan Tata, the outgoing Chairman of the Tata group, has said that the conglomerate is not likely to enter the civil aviation sector in the country due to destructive competition among various players.
Tata group was among the first to enter the sector in the country has since stayed away from the sector. Mr. Tata said that there was a proposal to set up a domestic carriers in association with Singapore International Airlines (SIA) in the mid-1990s.
Ratan Tata, outgoing chairman of the $100 billion Tata group, has advised his successor, Cyrus Mistry, to be his own person.
Dismissing views that his personality would linger even after his departure, Mr. Tata said that Mr. Mistry should decide what he would want to.
Speaking about his five decades with Tata group and his equation with Mr. Mistry, he said, "I don't think it is right to have a ghost to shadow over somebody. You [Mr. Mistry] should be your own person, you should take your own call and you should decide what you want to."
Salt to software conglomerate Tata Group's outgoing chairman, Ratan Tata, has hinted that some day the group could go back to West Bengal.
Tata Motors, the automobile division of Tata Group, had initially tried to produce its Nano car from a plant in Singur district of West Bengal, but political protests forced the manufacturer to shift the plant to Sanand in Gujarat.
Mr. Ratan said Singur was a "great disappointment" for them but added that he had a great affinity with West Bengal and would like to see something happen there.
Tata Group's outgoing chairman Ratan Tata will not only hand over reigns of the 100-billion salt to software conglomerate to Cyrus Mistry but also several problems of group.
On December 28, 43-year-old Mistry will take over the conglomerate as it new chairman. He will have more than one hundred companies, around 81,000 employees and revenues of Rs 1,45,000 crore to look after. The group companies operate in diverse fields, ranging from salt to software to look after.
New Delhi/Mumbai, Dec 28 : Ratan Tata, 75, retired gracefully as the chairman of the Tata Group, and handed over its management to Cyrus Mistry on Friday.
Mistry, 44, was designated as the next chairman of one of India's largest business group's in November 2011.
Mistry is a member of the Tata family by marriage and his father -- construction magnate Pallonji Mistry, is the largest single holder of shares in Tata Sons (18 percent), the group's holding company.
The former Chairman of Tata Group, Ratan Tata has joined other international eminent persons in the launch of the Global Ocean Commission (GOC).
Mumbai, March 8 : Ratan Tata, chairman emeritus of the Tata Group, Friday visited Maharashtra Navnirman Sena chief Raj Thackeray at the latter's Shivaji Park residence, an official said.
An MNS official described the hour-long visit as "a casual, courtesy call" with no agenda behind it.
Tata met Thackeray and his wife Sharmila at their flat in Krishnakunj building in Shivaji Park, Dadar, Friday afternoon.(IANS)
Mumbai, March 26 : Massachusetts Institute of Technology (MIT) president L. Rafael Reif Tuesday called on Maharashtra Chief Minister Prithviraj Chavan along with chairman emeritus of Tata Group Ratan Tata.
Reif in his meeting with Chavan mentioned MIT's commitment to research in the fields of water resources, energy and agriculture, areas which are of significant concern to India, according to an official from the Chief Minister's Office.
Reif also mentioned that the MIT and Tata Group are already working together in the field of technology research and development.
Ratan Tata, chairman emeritus of Tata Group, has announced that he was delighted with the great response that AirAsia India joint venture airline's hiring process received.
AirAsia India, joint venture among Malaysia's budget airline AirAsia, Tata Sons and Arun Bhatia of Telstra Tradeplace, recently conducted interviews for flight attendants in Chennai. Interviews for one hundred cabin crew positions reportedly attracted more than 3,500 candidates.
New Delhi, Aug 28 : A leadership deficit is aggravating the economic crisis in India, Tata Group Chairman Emeritus Ratan Tata has said adding that the country has lost the confidence of the world.
In an exclusive interview to television channel CNN-IBN, aired Wednesday, Tata said India needed leaders who lead from the front and the prime minister's team and the political class needed to pull in one direction, and not pursue individual agendas above national interests.
Ratan Tata, Chairman Emeritus of slat-to-software conglomerate Tata Group, has Sachin Tendulkar-like charisma in India Inc, according to Finance Minister P Chidambaram.
Mr. Chidambaram said that Indians admire Mr. Tata for creating wealth for millions of people in India and for several thousands worldwide.
Praising Mr. Tata, the finance minister said, "When I walked into the room, I realised that Ratan was as big a draw as Sachin; so many of you are here rather than Wankhede stadium."