Tag: Tata Group

Industrialist Ratan Tata honored with Udyog Ratna award at his residence

The Maharashtra government announced that Ratan Tata, chief executive of the Tata group, will be the recipient of the state’s first “Udyog Ratna Award”. As a result, Ratan Tata received the award today at his residence in Colaba.

The award was given out by state chief minister Eknath Shinde and deputy chief minister Devendra Fadnavis. Ajit Pawar, the deputy chief minister, and Uday Samant, the minister of industries, were also there. They’ve all arrived at Tata’s house to present the honor.

The Maharashtra government launched the Udyog Ratna Award this year, which is modeled after the Maharashtra Bhushan Award in the nation’s industrial sector. Ratan Tata, the renowned industrialist, and surveyor of the Tata group, received the first award.

Although the award ceremony is supposed to take place at Bandra-Kurla Complex tomorrow, the state government has decided to honor Ratan Tata at his residence due to his age and health. He received the honor today, and the major event will take place in Mumbai’s Bandra-Kurla Complex tomorrow.

Ratan Tata received Australia’s highest civilian honor, the “Order of Australia,” in April of this year. In addition, he has won numerous more domestic and international honors.

Air India will buy 840 aircraft, this company got the biggest order in history

Air India has placed orders for 840 aircraft with Boeing and Airbus. An option to purchase 370 aircraft is also part of the agreement, a senior corporate executive revealed on Thursday.

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Nipun Agarwal, Chief Commercial and Transformation Officer for Air India, said on LinkedIn that the airline is touched by the worldwide enthusiasm for the plane order. He stated that the process that began with the privatization of Air India two years ago is what led to the placement of this order for 840 aircraft.

“The deal includes an option to purchase 370 aircraft, and it will purchase 470 aircraft from Airbus and Boeing over the following ten years,” he stated. A carrier has never placed such a large order for an aircraft in the history of commercial aviation.

Additionally, for the long-term maintenance of the engines, “we have partnered with CFM International (CFM), Rolls-Royce, and GE Aerospace,” he continued. According to Agarwal, the agreement underlines the Tata Group‘s desire to make Air India a top-tier airline and provide direct flights from India to all major cities across the globe.

A350 widebody aircraft and 210 small-body aircraft will be bought from Airbus by Tata Group-owned airline.

Tata Group may introduce exclusive Apple Store in India, read report

In India, the Tata Group may open an exclusive Apple Store shortly. This information was found in an ET report. For this, the iPhone manufacturer will reportedly collaborate with Tata’s Infinity Retail, which manages the Croma Store chain.

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According to a retail expert who is aware of this, Tata has begun negotiations with upscale malls and high streets for space.

The partnership between Tata and Apple coincides with the opening of the company’s first flagship in March.

Let us inform you that Foxconn, Wistron, and Pegatron are Apple’s three primary Indian suppliers. The iPhone 14 is now made in India as well. Let us inform you that Foxconn is home to the largest iPhone production plant. It is situated in China‘s Zhengzhou.

Share Market: Market trading started on Monday with profit, Tata shares registered a decline

Even after the recent recovery, the domestic stock market remains under pressure. The shares of blue chip companies of Tata Group are seeing a decline in early trading. Because of this, the market has started this week almost stable. After recovering from a slight decline in the pre-open session, the market started Monday’s trading with slight gains. However, in a short time, both BSE Sensex and NSE Nifty went back to the red zone.

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As the market opened, it was down

Today’s pre-open session was a loss for the domestic market. Both Sensex and Nifty were down in the pre-open session. It is possible today that the domestic stock market will trade flat or with losses if SGX Nifty in Singapore also trades with a loss. At 09:30 in the morning, the Sensex was trading below 52,900 points, down about 30 points. Nifty was also trading below 15,720 points with a loss of about 30 points.

Volatility in the price of these shares

On the one hand, IndusInd Bank is the biggest gainer with a gain of about 2.50 per cent in early trade, while Tata Steel stock of Tata Group is down by about 2.50 per cent. Shares like Mahindra & Mahindra, TCS and Wipro have also lost more than one percent. At the same time, FMCG stocks like Hindustan Unilever, ITC are helping the market.

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Shapoorji Pallonji Group’s Chairman Pallonji Mistry dies at 93 in Mumbai, business spread in 50 countries

Shapoorji Pallonji Group chairman Pallonji Mistry passed away last night at the age of 93 in his Mumbai home. The more than 150-year-old Shapoorji Pallonji Group is owned by billionaire Pallonji Mistry. With his family in Mumbai, Pallonji Mistry has grown his business into six sectors.

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Mistry received the Padma Bhushan, one of India’s highest civilian honors, in 2016. Moreover, he held an 18.4 percent stake in the Tata group as the largest individual shareholder.

One of India’s oldest billionaires, he is regarded as such. An Indian business tycoon born into a Parsi family, he has reached many milestones in his life. With a net worth of more than $13 billion, Forbes places him at number 143 in the world.

Business spread in 50 countries

Entrepreneur Pallonji Mistry has businesses in 50 countries across the globe. Prominent construction company Shapoorji Pallonji Group was established in 1865. The company conducts business in six different sectors, including engineering and construction, infrastructure, real estate, water, energy, and financial services.

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These giants have built buildings

The Shapoorji Pallonji Group is recognized for creating a number of significant structures. which also includes the SAIL Steel Plant, the Reserve Bank of India, the Citibank India Headquarters, and Delhi’s Jawaharlal Nehru Stadium.

Super app TATA NEU launched in India, from buying groceries to booking flights and more

Tata Group launches super app Tata Neu. ‘TATA NEU’ is a super app that combines all of Tata Group’s brands on one platform. With this, many services, from shopping to payment, will be available.

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Chandrasekaran said – Today is a ‘New Day’

Tata Sons Chairman N Chandrasekaran stated in a post on Thursday that the group has fused the traditional ‘consumer first’ approach with the modern ethos of technology with the modern flare of new technology. He said, “Today is a ‘New Day’. Tata Digital, the youngest member of the Tata family, presents a new app.”

There will be a platform from flight booking to shopping

You can access various Tata Group digital services via the app. The app will let you book flights with Air Asia India, Air India, or Taj Hotels, order groceries from BigBasket, medications from 1mg, electronics from Croma, and clothing from Westside.

Users will get NeuCoins as a reward

The company says, “Every brand on Tata Neue is credited with NeuCoins, which can be earned and redeemed across all the brands on the platform.”

With Tata Pay UPI, you can make payments and send money

Through this super app, you can make payments and transfer money using Tata Pay UPI. This feature can be used to send money to friends and family members. Any QR code can be scanned to use Tata Pay UPI for payments. Through this app, in addition to paying electricity bills, mobile, DTH, broadband, etc., users can also pay mobile bills.

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Air India’s special flight leaves for Ukraine to bring Indians: ANI Report

An Air India flight carrying Indian nationals stranded in Ukraine took off yesterday to return them amid rising tensions between Russia and the West. Special operations aircraft, a Dreamliner B-787 equipped with a capacity of more than 200 seats, have been deployed, according to ANI. The aircraft will return tonight to Delhi.

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Here is important information about the case:

Ukraine is home to more than 20,000 Indian students and citizens. In addition, Indian students and citizens live and study in different parts of Ukraine and its border areas, according to India’s Permanent Representative to the United Nations, TS Tirumurti. Our priority is also the welfare of Indians, he said.

Air India announced on February 18 that it will operate three Vande Bharat flights between India and Ukraine in February after the Indian government lifted its restriction on flights to and from Ukraine under the air bubble arrangement. (VBM) flights.

Twitter announced that Air India, a Tata Group company, will serve Ukraine’s Boryspil International Airport three times in February.

A control room was set up on Wednesday by the Ministry of External Affairs to provide assistance and information to Indians stranded in Ukraine. A 24-hour helpline has also been launched by the Indian Embassy in Ukraine for Indians living in Eastern European countries.

Media reports suggest Russian ‘peacekeeping forces’ are expanding in Donetsk. Russian President Joe Biden has condemned the move. He has spoken with the French President and the German Chancellor. Ukraine’s president demanded complete sanctions against Russia and international support.

At the meeting of the UN Security Council on Ukraine, India’s Permanent Representative to the UN stated that tensions between Ukraine and Russia have escalated. Peace and security in the region could be undermined by those developments.

The consequences of Russia’s actions will be dire for Ukraine, for Europe, and for the world, says US Ambassador Linda Thomas-Greenfield at an emergency meeting of the UN Security Council. The US declared that giving independent recognition to two rebel and separatist regions of Ukraine was an excuse to incite war in the region.

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Know who is Ilker Ayci, who has been appointed as the new head of Air India

Ilker Ayci, the chairman of Turkish Airlines, is the new MD and CEO of Air India. Tata Sons have appointed this person after taking over Air India’s management. This decision was made by the company’s Board of Directors on Monday. The chairman of Tata Sons, N Chandrasekaran, was a special invitee to the meeting. The company has said this appointment is awaiting regulatory approval.

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Who is Ilker Ayci?

Turkish Airlines chairman and board member are Ayci. Ilker Ayci is a 1971 graduate of Bilkent University’s Department of Political Administration. His Master’s degree in International Relations was earned in 1997 at Marmara University.

Ilker Ayci to take over from April 1

Ilker Ayci will take over as the new CEO and MD of Air India on April 1. Air India is described by Ayci as an ‘iconic airline’. As for Ayci, joining the Tata Group and leading the airline would be an honor. Ilker Ayci states, “Working with my colleagues at Air India and the leaders of the Tata Group.” Our goal is to make Air India the best airline in the world by utilizing its legacy. “Transform your travel experience into a memorable and immersive one, reflecting the warmth and hospitality of India.”

Tata Sons’ chairman said this special thing

N Chandrasekaran noted that Ilker Ayci is the leader of the aviation industry who elevated Turkish Airlines to its present position. Having Ilker Ayci as Air India’s new CEO will be a great boost for Tata Group.

Air India is now under the control of Tata Sons

The Tata Group assumed control of the airline on 27 January. In an earlier announcement, DIPAM’s secretary had confirmed that Talace will become the new owner of Air India and that the government received the entire amount of Rs 2,700 crore.

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Tata Group will get the command of Air India, this service started on the first day

Tata will receive the aviation company Air India from the Indian government today. Tata group has started the preparations for the inaugural of Air India. In an effort to make a fresh start, the Tata Group is introducing enhanced meal services on four Air India flights departing from Mumbai. Tata group flights, however, will no longer operate as Air India starting Thursday. Today is the day that the company transfer will be completed.

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We will announce the date when all Air India flights will operate under the Tata Group banner.

PTI reports that the Indian government is planning to hand over Air India to the Tata group on Thursday. After almost 69 years apart, Air India has returned to the Tata group. Tata Group will be offering its services in Air India from today. For this reason, advanced meal service will be provided on select flights. On Thursday, advance meal service will be available on four flights: AI864 (Mumbai-Delhi), AI687 (Mumbai-Delhi), AI945 (Mumbai-Abu Dhabi) and AI639 (Mumbai-Bengaluru). Tata Group executives developed a cutting-edge meal service, which we will gradually expand.

Air India bought the aircraft for 18000 crores

Tata Group purchased Air India, the loss-making government airline, by bidding for Rs 18000 crore. Tales Pvt Ltd acquired Air India on October 8 for Rs 18000 crore. Tata Group owns this company.

The Tata Group’s plans for Air India

Tata Group has developed several plans to bring loss-making Air India back on track. One of these is a one-time performance in which the doors of the aircraft are closed 10 minutes before takeoff. We will focus on the timely flight of the aircraft. Additionally, the service provided to passengers will be improved.

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Tata Sons wins Air India bid by paying the highest price

Tata group will take over control of the government-owned airline Air India. During the sale process for Air India, Tata Sons won the auction by paying the highest price.

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Among the bidders was Tata Group for Air India and Ajay Singh from SpiceJet. Governments are selling stakes in Air India for the second time in a row. An attempt was made in 2018 to sell 76 percent of the company by the government, but no response came in.

According to sources, Air India’s disinvestment process will be completed by December 2021. Tata Sons can take over this company by December. Air India had been invited to submit financial bids. The government has also disinvested in this project. The government will also sell its 50 percent stake in ground handling firm AISATS in addition to selling its 100 percent stake in Air India and Air India Express.

Air India was founded by the Tata Group in 1932. It was started by JRD Tata, a very skilled pilot who belonged to the Tata Group.

During World War II, the general aviation industry was established in India, then became a public sector company when it was renamed Air India.

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As soon as the country gained independence in 1947, there was a need for a national airline, and the Government of India acquired a 49 percent stake in Air India.

A few years later, in 1953, the government of India passed the Air Corporation Act and acquired the majority stake in the company from Tata Group. As a result, Air India became a government company.

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