Page 3 - Ratan Tata
Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, Civil Aviation Secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier. Briefing reporters, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said the outstanding dues of employees of Rs 1,332 crore as per the report of Justice Dharmadhikari would be paid by the government. Air India has 12,085 employees - 8,084 permanent and 4,001 contractual. Besides, Air India Express has 1,434. In the next five years, about 5,000 permanent employees will be retiring, he said. Free travel by government employees on Air India flight will stop po
 "Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd")
C-295 aircraft project great step in opening up aviation sector: Ratan Tata
His comments came hours after the deal to procure the aircraft to replace the Avro-748 planes of the IAF was sealed.
 "C-295 aircraft project great step in opening up aviation sector: Ratan Tata")
Top headlines: Chairman rules out Tata Sons' revamp; telcos get govt relief
Business Standard brings you the top headlines from today
 "Top headlines: Chairman rules out Tata Sons' revamp; telcos get govt relief")
Upstox: Over 70% of 2 million new customers first-time investors
Upstox is backed by Ratan Tata and Tiger Global
 "Upstox: Over 70% of 2 million new customers first-time investors")
Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank
Firm will scale up value-added services like insurance at point-of-sale terminals, micro ATMs, says new CEO Ketan Patel
 "Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank")
Guenter Butschek to step down as CEO & MD on June 30: Tata Motors
He will continue as a consultant to the company till the end of this fiscal year, the company said in an exchange filing
 "Guenter Butschek to step down as CEO & MD on June 30: Tata Motors")
Jamsetji Tata tops global list of top 10 philanthropists from last 100 yrs
Hurun Research and EdelGive Foundation today released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world's most generous individuals from the last 100 years
 "Jamsetji Tata tops global list of top 10 philanthropists from last 100 yrs")
Noel Tata, Pramit Jhaveri front runners to join Tata Sons board
Noel, half brother of Tata group patriarch Ratan Tata, was inducted on the board of Tata Trusts in 2019 for three years
 "Noel Tata, Pramit Jhaveri front runners to join Tata Sons board")
Tata-Mistry case: SC verdict puts spotlight on duties of nominee directors
The Supreme Court's observations in the Tata-Mistry case has raised questions about the fiduciary duties of nominee directors
 "Tata-Mistry case: SC verdict puts spotlight on duties of nominee directors")
Best of BS Opinion: Cloud over climate action, Tata vs Mistry, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Cloud over climate action, Tata vs Mistry, and more")
A comprehensive win for the Tatas
They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance
A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai
DMart promoter Radhakishan Damani has reasons besides snob value for buying plush Malabar Hill property, say experts
 "A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai")
Tata-Mistry spat: What it means for minority and small shareholders
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies
 "Tata-Mistry spat: What it means for minority and small shareholders")
Top headlines: Mistry reacts to SC ruling; Covid situation getting 'worse'
Business Standard brings you top news of the evening
 "Top headlines: Mistry reacts to SC ruling; Covid situation getting 'worse'")
Tata tussle: 'My conscience is clear,' says Cyrus Mistry on SC verdict
Mistry said that he is disappointed by the Supreme Court verdict on his battle with Tata Sons
 "Tata tussle: 'My conscience is clear,' says Cyrus Mistry on SC verdict")
Tata vs Mistry: Valuation mismatch and what lies ahead in the battle
Now the Mistrys are not getting even a board seat on Tata Sons, and the court has left it to both parties to negotiate the exit price of Mistrys
 "Tata vs Mistry: Valuation mismatch and what lies ahead in the battle")
A chartered accountant's math may hold key to Mistry's exit from Tata Sons
Tata Group may offer an exit to Mistry family from Tata Sons on the basis of valuation chartered accountant Y H Malegam put in 2016.
 "A chartered accountant's math may hold key to Mistry's exit from Tata Sons")
Tata empire in stronger position against Mistry after Supreme Court verdict
There's room in India for a Tata super-app to compete with Mukesh Ambani's Reliance Industries Ltd
 "Tata empire in stronger position against Mistry after Supreme Court verdict")
Tata vs Mistry: Minority shareholders cannot claim board seat, says SC
The court has made it clear that Mistry Group is not a small shareholder and a board seat cannot be allotted to it contractually or by law
Vindication for Tatas
Another legal battle over stake valuation must be avoided
