Explore Business Standard
Tata Sons Chairman N Chandrasekaran on Monday said the demand for steel will continue to grow irrespective of the prevailing global geo-political situation. Chandrasekaran, speaking at the 186th birth anniversary celebration of Tata Steel founder J N Tata here, said the most important thing to recognise is that the demand for steel will continue to grow and the best way to face such a situation was to be prepared by maintaining efficiency and cost-management, and increase productivity". He also said the company will need help of the government, its policies, employees and workers unions for technology adoption. The management has to be bold to expand, maintain efficiency, manage cost and enhance productivity, while assuring to continue investing, including in Jamshedpur, Chandrasekaran said. Asked about the raging debate on tariffs, he said there is no point in talking about what will be the price/tariff; we have to focus on our productivity. Tariffs are import duties imposed and
Tata Sons, promoter of Tata Group, has sought approval from fair trade regulator CCI for acquiring an additional 10 per cent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons owns a 60 per cent stake in Tata Play. After the completion of the deal, Tata Sons will have a 70 per cent holding in the entertainment content distribution platform. Tata Sons Pvt Ltd is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company". "The proposed transaction relates to Tata Sons' acquisition of 10 per cent shareholding in Tata Play from Baytree Investments (Mauritius) Pte Ltd," said a notice filed with the Competition Commission of India (CCI) on Thursday. Baytree Investments (Mauritius) is an affiliate of Singapore's sovereign wealth fund Temasek Holdings. The proposed transaction is being notifie