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Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unpreced ...Read More >
Mumbai: Tata Sons chairman N. Chandrasekaran has set a new goal for Tata Steel Ltd chief executive and managing director T.V. Narendran: to deliver net profit from the company's UK operations in the current fiscal year. Addressing shareholders at Tata Steel's annual general meeting on Wednesday, Chandrasekaran, who also chairs the steelmaker, said the aim was for the UK operations to achieve net profitability this fiscal year. "I feel that UK should be PAT (profit after tax) positive, so the c ...Read More >
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