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Friday’s auction also brings relief for the civic body as it failed to auction the luxury hotel in two attempts owing to strict eligibility criteria.
The Mistry family, which derives almost USD 17 billion of their fortune from the 18.4 per cent stake in Tata Sons, had filed several lawsuits challenging ouster of Cyrus.
Total income during the quarter under review stood at Rs 4,354.52 crore. It was Rs 4,054.23 crore in the corresponding period last fiscal, Titan said in a BSE filing.
The Chief Minister also proposed the Tata Industries to participate in world skill centre project as an industry partner to deliver world class skill to the State’s youth.
South Korean Samsung continues to be the most trusted brand in the country followed by Sony and LG, while Tata Group, the only Indian company to feature in the top five, occupied the fourth slot.
Tata Group firm Titan today said it is eyeing a gross revenue of Rs 50,000 crore by financial year 2022-23
A lack of interest from Tata is likely to put pressure on the government to rethink its terms or even the structure of the sale.
Tata Group chief Natarajan Chandrasekaran said IT services firm Tata Consultancy Services will not exit Lucknow but continue to increase its presence in the city as well as across the state.
Tata Sons today launched a frontal attack on its ousted former chairman Cyrus Mistry, saying after his removal from the group he behaved like a "Trojan Horse".
The Bombay High Court issued a notice to ousted Tata Group chairman Cyrus Mistry on a petition filed by Tata Trusts managing trustee R Venkatramanan challenging an order quashing summons.
Air India, which was founded in the 1930s by the Tata Group and nationalised in 1953, is saddled with a debt of $8.5 billion.
Mumbai sessions court today quashed and set aside summons issued by a magistrate's court to ousted Tata Group chairman Cyrus Mistry and others in connection with a Rs 500 crore defamation complaint.
GE and Tata has signed an MoU to jointly pursue opportunities in the domain of military aircraft engines and systems.
A man known for making India's largest software exporter TCS what it is today, Chandrasekaran has his task cut out as the new Chairman of Tata Sons
Tata Group must also find an appropriate strategy to calm the discord --going to the courts will be detrimental for both sides, the advisory firm added.