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Tata Group launched a Covid-19 test kit on Monday that it says will process results more easily and faster than the RT-PCR method considered the gold standard for detection, at a time when cases are still rising in the country.

Tata Group, India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce. The group has reached out to IndiaMart InterMesh Ltd, a business-to-business marketplace, for a potential stake purchase.

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned … Continue reading Mistry family says it’s ‘time to separate’ from Tata Group

The $111 billion Tata Group is not looking to monetise investments to raise capital and has enough cash to support group firms, its chairman N Chandrasekaran said on Friday as he sought to scotch speculations about the impact of Covid-19 pandemic on the group’s business. Tata Sons issued a statement to “dispel the recent unfounded … Continue reading ‘Tata Group not looking to monetise investments’

Some of its companies like Indian Hotels (Taj), Tata SIA Airlines (Vistara) and Tata Motors have been majorly hit after travel bans and production shutdowns of non-essential products. Some other units like Tata Power and Tata Communications benefited as stay-at-home restrictions increased demand for electricity and internet.

The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differences between the outstanding payment sought by the telecom department (DoT) and those claimed by private telecom companies such as Vodafone Idea, Airtel and Tata Group.

Bombay Dyeing chairman Nusli Wadia withdrew all defamation cases — including the Rs 3,000 crore suit — against Tata group chairman emeritus Ratan Tata and others. Wadia had filed a criminal defamation case against Ratan Tata and other directors of Tata Sons in 2016 after he was voted out of the board of some Tata … Continue reading Nusli Wadia withdraws cases against Ratan Tata

The Supreme Court on Friday stayed the NCLAT decision to restore Cyrus Mistry as executive chairman of the Tata Group. Tata Sons Private Ltd had challenged the December 18 decision of the National Company Law Appellate Tribunal that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman … Continue reading Supreme Court stays NCLAT order on Cyrus Mistry