Air India peeing case: Incident on Air India flight AI102 on 26 Nov 2022 has been a matter of personal anguish to me and my colleagues at Air India. Air India’s response should've been much swifter, says Tata Sons chairman.
As per a regulatory filing, Air Asia India will sell its remaining 16.33 per cent of Air Asia's equity shares to Air India Limited
Former Tata Sons chairman Cyrus Mistry's tragic death in road accident on Sunday has left the nation shocked. A day after his untimely demise, the chairman of the Mahindra Group Anand Mahindra tweeted, requesting everyone to always use seatbelts.
Cyrus Mistry was the sixth and the youngest at the age of 44 years to become the Chairman of Tata Sons when he took over in 2012 from Ratan Tata.
Cyrus Mistry's death: Anahita Pandole (55), a well-known gynaecologist, and her husband Darius Pandole (60) survived the crash, while Mistry (54) and Jahangir Pandole, brother of Darius, were killed in the accident, which occurred around 3 pm, about 120 km from Mumbai.
Cyrus Mistry dies in road accident: Mistry had taken over as the chairman of Tata Sons in December 2012 after Ratan Tata announced his retirement. Netizens took to Twitter and condoled the death of Mistry.
Cyrus Mistry killed in road accident: Fadnavis said he was shocked and deeply pained to know about the demise of Mistry (54) in the unfortunate accident near Palghar adjoining Mumbai.
Cyrus Mistry dies in car accident: Mistry was traveling from Ahmedabad to Mumbai when his car hit the divider. There were four people in the car out of which two succumbed to injuries. The other two have been admitted to a local hospital in Kasa.
Apart from the opportunity for youth to serve in the defence forces, it will make available a very disciplined and trained workforce for industry, including Tata group, Tata Sons Chairman N Chandrasekaran said.
A bench headed by Chief Justice NV Ramana, however, ordered the deletion of certain remarks made against Cyrus Mistry in the March 2021 verdict.
Earlier in February this year, Tata Sons had announced the appointment of former chairman of Turkish Airlines Ilker Ayci as the CEO and MD of Air India. However, he declined to take up the position amid controversies over his views related to India
On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.
N Chandrasekaran reappointment as the chairman of Tata Sons - the holding company of the salt-to-software Tata Group - for a second five-year term in February this year. His appointed as Air India chairman came following a board meeting on Monday.
On February 14, Tata Sons had announced the appointment of Ayci, former chairman of Turkish Airlines, as the Chief Executive Officer and Managing Director of Air India.
Air India board met on Monday afternoon to consider the candidature of Ayci, with Tata Sons Chairman N Chandrasekaran as a special invitee.
The board members commended the performance of the Executive Chairman and unanimously approved the re-appointment of Chandrasekaran as the Executive Chairman for the next five years, Tata Sons stated.
Maharaja is the official mascot of Air India which operates globally apart from domestic operations. According to the available data in 2020, "Air India operates around 101 destinations including 57 domestic operations including 33 countries on four continents around the world."
As of August 31, Air India had a total debt of Rs 61,562 crore and 75 per cent of this debt or Rs 46,262 crore will be transferred to a special purpose vehicle AIAHL before handing over the loss-making airline to the Tata Group.
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
Tatas cannot transfer Air India brand, logo for 5 years, can transfer to only Indian person after 5 years.
Top News
Latest News
