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tata group

January 2, 2013

A new year means a new start for two well-known family businesses, with Indian powerhouse Tata Group bidding farewell to iconic businessman Ratan Tata, while US-based hospitality group Carlson has elected its next chairman.

A new year means a new start for two well-known family businesses, with Indian powerhouse Tata Group bidding farewell to iconic businessman Ratan Tata, while US-based hospitality group Carlson has elected its next chairman.
 
Tata Group

January 7, 2012

First it was Ratan Tata, head of Indian conglomerate Tata Group, who had a building in Harvard Business School named after him. But now another family business has made headlines, this time for having a road in the heart of India named after the company founder.

First it was Ratan Tata, head of Indian conglomerate Tata Group, who had a building in Harvard Business School named after him. But now another family business has made headlines, this time for having a road in the heart of India named after the company founder.

December 7, 2011

He heads one of India’s largest conglomerates and is credited with transforming the family business from a $6 billion company to a $100 billion firm. But now Ratan Tata, head of Tata Group, has one more feather to add to his cap. He will have a new building at Harvard Business School named after him.

He heads one of India’s largest conglomerates and is credited with transforming the family business from a $6 billion company to a $100 billion firm. But now Ratan Tata, head of Tata Group, has one more feather to add to his cap. He will have a new building at Harvard Business School named after him.

Tata Hall, a seven storey, arc-shaped glass and brick building, will be used exclusively by students of the school’s executive education programmes, said a statement.

November 23, 2011

Appointing a family member to succeed Ratan Tata is a “prudent decision” and will have none of the “dangerous effects of nepotism”, according to Kavil Ramachandran of the Indian School of Business.

Appointing a family member to succeed Ratan Tata is a “prudent decision” and will have none of the “dangerous effects of nepotism”, according to Kavil Ramachandran of the Indian School of Business.

The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management told CampdenFB that the Tata Group was simply “entrusting responsibility in the hands of someone who will take the journey forward and stabilise the company with caution”.

November 23, 2011

Indian conglomerate Tata Group has announced a family member as the successor to current chairman Ratan Tata, as it continues to keep control of the company management in family hands.

Indian conglomerate Tata Group has announced a family member as the successor to current chairman Ratan Tata, as it continues to keep control of the company management in family hands.

Cyrus Pallonji Mistry, who has been on the board of the family’s holding company since 2006, has been named the group’s deputy chairman and will take over as chairman of the Tata Group in December next year, according to a statement.

September 20, 2011

The world’s cheapest car, Tata Nano, has been transformed into one of the most expensive, after the Tata family business created a fully functional “golden” version of the car.

The world’s cheapest car, Tata Nano, has been transformed into one of the most expensive, after the Tata family business created a fully functional “golden” version of the car.

The Goldplus Nano, a one-off showpiece, sees the Tata Group’s Nano car covered in 80 kilogrammes of solid gold, 15 kilogrammes of silver and roughly 10,000 semi-precious and precious stones, including diamonds, rubies and pearls.

The result? $4.7 million (€3.44 million) added to the car’s current retail price of $3,000.

August 10, 2011

Growing confidence among Indian family businesses to be able to compete with the best in the world has accelerated their investments abroad, according to Kavil Ramachandran of the Indian School of Business.

Growing confidence among Indian family businesses to be able to compete with the best in the world has accelerated their investments abroad, according to Kavil Ramachandran of the Indian School of Business.

The Thomas Schmidheiny Chair Professor of Family Business and Wealth Management told CampdenFB that overseas acquisitions and investments is a rising trend.

June 23, 2011

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups. 

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups, worth a reported $81.6 billion.

The buoyant growth for the Tata Group comes following a rise in share price of its listed companies, while a string of controversies caused a slump in value of Reliance, controlled by the feuding Ambani brothers.

May 19, 2011

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

The report said that the five-member panel appointed to find a suitable successor has shortlisted 11 candidates, of which four to five are employees within the group. When contacted, Tata Group refused to confirm this information.

In a statement issued by the family-controlled conglomerate on 18 May, the group said that the panel was engaged in its task to find a replacement.

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