Tata Group has officially taken over Air India from the Government of India on Thursday, shortly after Tata Sons Chairman Natarajan Chandrasekaran called on Prime Minister Narendra Modi.
Tata Group will return to the Indian aviation sector by investing in a joint venture with AirAsia, the largest discount carrier in Southeast Asia, and Arun Bhatia of Telestra Tradeplace for budget airline.
The proposed joint venture came…
TNI Bureau: Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office today.
Mr. Mistry, who was appointed as chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire.
Mr. Mistry, who…
TNI Bureau: Business tycoon Ratan Tata retired as chairman today ending 50-year run in one of India's oldest business empires Tata Group. Cyrus Mistry (44), who had been chosen as his successor last year, will take the charge of the new…