Tata Group Current Affairs, GK & News

Transfer of Air India -Time Line

On January 27, 2022, the Union government transferred its shares in Air India to Tata Sons subsidiary, Talace. Key Facts Apart from Shares, its control and management were also transferred to Talace. With this, disinvestment process ended which started five years ago. Air India has been a public sector undertaking from 1953. The transaction covers ..

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CCS clears procurement of 56 transport aircraft

The Cabinet Committee on Security (CCS) has cleared the procurement of 56 transport aircraft from Airbus on September 8, 2021. Key Points This decision would provide a major fillip to the transport fleet of Indian Air Force. This deal to buy the C-295MW transport aircraft will cost upwards of Rs 20,000 crore. First 16 of ..

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Taj named strongest hotel brand in the world

According to South Asia’s largest hospitality company, Indian Hotels Company (IHCL), iconic brand Taj has been rated as the Strongest Hotel Brand across the World by Brand Finance. Key Points This announcement was made by world’s leading brand valuation consultancy, Brand Finance, in its annual ‘Hotels 50 2021′ report. This report recognises most valuable and ..

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Jamsetji Tata: World’s top philanthropist of last century

Jamsetji Nusserwanji Tata who was the founder of Tata Group, has emerged as the topper of the list of EdelGive Hurun Philanthropists of Century. Highlights An estimated donation of $102.4 billion was in health and education sector. Total philanthropic value of Tata is made up of 66 percent of Tata Sons which is estimated at ..

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Tata Electronics inks MoU with TN to set up Mobile Component Unit

The Tata Electronics has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government in order to establish a facility to manufacture the mobile components. Key Highlights The project by the Tata Electronics will cost Rs 4684 crores. It will be established in Krishnagiri to manufacture the mechanical enclosures of mobile phones. The project ..

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