Cyrus Mistry removed as Chairman of Tata Group

The board of India’s largest conglomerate Tata Sons Ltd has removed Cyrus Pallonji Mistry (48) as Chairman. However he will remain a director of the individual companies. The board has replaced him with his predecessor Ratan Tata as interim chairman ..

Month: Current Affairs - October, 2016

Tata Advanced Systems signs deal with Bell Helicopter

Tata Advanced Systems Ltd (TASL) and US-based Bell Helicopter have signed a deal to jointly develop the helicopter market in India. The agreement seeks to support of India’s aviation and defence modernization initiatives with an emphasis on ‘Make in India’. ..

Month: Current Affairs - July, 2016

Tata Power to acquire Welspun Renewables

Private power producer Tata Power Co. Ltd has agreed to acquire renewable energy company Welspun Renewables Energy Pvt. Ltd. In this regard, Tata Power’s renewable energy unit Tata Power Renewable Energy Ltd (TPREL) has signed share purchase agreement to acquire ..

Month: Current Affairs - June, 2016

US court slaps 940 million dollars fine on two Tata group companies

The federal grand jury in the US State of Wisconsin has slapped 940 million US dollars fine against two companies of India’s Tata group – Tata Consultancy Services (TCS) and Tata America International Corp. They were fined in a trade ..

Month: Current Affairs - April, 2016

Tata Trusts ink MoU with Andhra Pradesh Government to develop 264 Smart Villages

Tata Trusts has inked a Memorandum of Understanding (MoU) with the Andhra Pradesh Government to develop 264 villages. Under this initiative, all 264 villages in the Vijayawada constituency will be developed in order to transform them into smart villages. The ..

Month: Current Affairs - August, 2015

C Ramakrishnan appointed as Group CFO of Tata Motors Limited

India’s biggest auto maker, Tata Motors Limited has appointed Chandrasekaran Ramakrishnan as chief financial officer (CFO) of its automobile group. He will have tenure of two years and the CFOs of all Tata Motors subsidiaries like Jaguar Land Rover, Daewoo ..

Month: Current Affairs - July, 2015