India’s Tata Sons Chairman N Chandrasekaran said on Wednesday that no leadership changes were on the anvil, refuting media reports. The holding firm of the Indian conglomerate was considering adding a chief executive role amid a revamp of its leadership structure, Bloomberg reported.
Cabinet Clears ₹ 26,000 Crore Scheme For Auto Sector To Boost Production
The government today cleared approximately ₹ 26,000 crore worth new production-linked incentive (PLI) scheme for the auto sector, to spice up the assembly of electrical vehicles and hydrogen fuel vehicles. The PLI scheme will generate as many as 7.5 lakh jobs for the auto sector, as per government estimates. Last year, the govt had announced the scheme for the car and auto components […]
Tatas Submit Bid For Air India Sale
The government is predicted to finish the bidding process of debt-laden national carrier Air India on Wednesday (September 15). Tata Sons has apparently submitted its bid for the sale. Air India received financial bids (including Tata’s) for its disinvestment process, Finance Ministry said. “Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding […]