Tag: tata group

Salt-to-software conglomerate Tata Group on Thursday took over Air India and vowed to turn the loss-making carrier, it had founded but had lost control nearly seven decades back, into a world-class airline. N Chandrasekaran, Chairman of Tata Sons, which in October last year beat a consortium led by rival SpiceJet promoter to win the bid for the national carrier, first called on Prime Minister Narendra Modi before heading to the Air India office where the takeover formalities were completed. A new board of directors met shortly thereafter, formalizing the management takeover. Both the government and Tatas made separate announcements of ... Read more

The Maharashtra Tourism Development Company (MTDC) has signed a memorandum of understanding (MoU) with the Tata Group-backed Indian Hotels Company to hand over 54.4 hectare of land in Konkan’s Sindhudurg district on a 90-year lease for setting up of a five-star tourist centre. The company is expected to invest Rs 100 crore in the first phase to build the tourist centre in the Shiroda Velagar village. The centre, which is likely to be completed in three years, would attract domestic and international tourists and generate employment and boost the economy of Sindhudurg. The signing of the MoU comes a month ... Read more

The Tata group is the only bidder in the fray for national carrier Air India with just a month left for the final bidding date. The Tata group, which already has a footprint in the airlines business, has shown interest in acquiring Air India, which at one point of time was under the Tata umbrella, news agency IANS has reported. The other bidders will be known in due course as globally airlines are under severe stress due to the Covid-19 pandemic and the resultant disruptions on air travel and tourism. The Tata group is likely to go ahead with the ... Read more