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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The failure to acquire UTI AMC is a blow to its efforts to rev up the financial services side of the group.
In December 2022, the Tata group was in talks to acquire a substantial stake in UTI Asset Management Co. A deal would have catapulted the group’s mutual fund arm, Tata Mutual Fund, to fourth largest fund house in the country.
The talks have since fallen through over differences on valuation, say three executives aware of the developments, asking not to be named. With their collapse, the Tata group may have missed an opportunity to propel at least one of its struggling financial services businesses to being a force in the industry.
As part of the deal, Tata Sons, the group’s …
Government subsidies have drawn companies into basic chip packaging, where China and Malaysia already hold an edge. Moving up the value chain may prove to be a stiff task.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
In a surprise move on Wednesday, the Tata Sons chairman announced he will exit Bombay House at the end of his tenure in February 2027. He leaves at what is one of the most crucial times for the group.
