Tata Sons today elevated its group CFO Saurabh Agrawal and group company Titan's managing director Bhaskar Bhat as directors on the board of the group.
The scheme, valid until December 12, 2017, would be offered across 11 projects by Tata Housing in seven cities.
The development comes close on the heels of Tata Group announcing the sale of its consumer mobile business to Bharti Airtel.
“I am being sacked” was the text message former Tata Sons chairman Cyrus P Mistry sent to his wife Rohiqa minutes after he was asked to either resign or face termination
The Mistry family, which owns 18.4 per cent of Tata Sons, had called the move "oppression of the minority interests" and stated that it would vote against the proposal. Tata Trusts holds 66 per cent in Tata Sons.
Aa Tata Sons spokesperson said that the reinstatement of Tata Sons as a private company was considered by the board to be in the best interest of the company.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore at the end of Friday's trade
During his stint at Aditya Birla, Agrawal oversaw the multi-billion Idea-Vodafone merger
Tata Sons on Monday welcomed the order of an apex corporate tribunal which ruled against a petition by Cyrus Mistry's firms that had alleged mismanagement by the company.
Tata Sons on Monday welcomed the National Company Law Tribunal (NCTL) dismissing the petitions by the Cyrus Mistry camp and said that it vindicates the position of the group.
Tatas and NTT Docomo had jointly informed court that they had reached an agreement to go with the Rs 7,800 crore award given by London Court of International Arbitration
The NCLT today held that the two petitions filed by Cyrus Mistry's family companies against his ouster from Tata Sons were not maintainable as they did not fulfil the eligibility criteria for approaching the tribunal.
A 2013 Comptroller and Auditor General’s (CAG) report that said the Trusts were earning a huge profit, instead of using it for charitable purposes
The High Court will now have to adjudicate the RBI’s objections to Tata’s application to buy back Docomo’s stake at Rs 58.5 a share
On his first day in office as Tata Sons chairman, N Chandrasekaran on Tuesday made it clear that he will closely monitor capital allocations and enhance shareholder returns across group companies.
Ahead of taking charge as the Executive Chairman of Tata Sons from next Tuesday, Natarajan Chandrasekaran has said that he is ‘hopeful to making an impact and a difference’ in the company. "Well frankly
Tata Sons on Monday removed ousted Chairman Cyrus Mistry as director of the company with shareholders voting in favour of his removal with requisite majority.
Ousted Tata Sons chairman Cyrus Mistry has replied to the National Company Law Tribunal (NCLT) on the ‘counter-allegations’ made by the holding company of the industrial conglomerate.
National Company Law Tribunal on Wednesday dismissed a contempt plea filed against Tata Sons by its ousted chairman Cyrus Mistry, alleging violation of NCLT directives in taking steps to remove him from the board of Tata Sons.
Former Tata Sons chairman Cyrus Mistry has termed the appointment of Natarajan Chandrasekaran as his successor ‘illegal’ and may even consider legal option.