A Tata motor, the owner of Jaguar Land Rover, is set to choose the United Kingdom as the location for its multi-billion pound electric car battery plant. This decision could bring thousands of jobs to Somerset in southwest England, and provide a much-needed boost to the UK’s electric vehicle industry.

Jaguar Land Rover chooses UK for car battery plant

For passengers flying on foreign routes, Air India has just unveiled a new in-flight food and beverage selection (ex-India). According to Sandeep Verma, head of inflight services at Air India, "We have put a lot of thought and work into our new menus as part of our ongoing endeavour to change the Air India experience for passengers. Onboard Air India flights, we want passengers to experience the same level of comfort with their food and drink as they would at their favourite restaurants.

India REVAMPS international flights menu, bar menu features a range of premium brands

Indian multinational conglomerate Tata Group is considering injecting another $2 billion into its super app venture Tata Neu as the group seeks to bolster its digital business. Speaking to the news agency Bloomberg on Thursday (March 23), sources said that Tata Digital Pvt. will receive the additional funding over two years should a deal proceed.

One source said that this fresh capital could help Tata Neu to strengthen its digital offerings, fix technical glitches and meet any fresh spending needs.&nbsp;

The source added that the Tata Group asked Tata Digital to look for ways to boost the valuation of Neu. The report said that any fresh capital would come as&nbsp;Tata Digital is reviewing its strategy and fending off e-commerce rivals including Amazon and Flipkart.&nbsp;

Tata Neu was modelled on China's Alipay and WeChat. However, it ran into technical glitches and customer complaints after its launch last year.&nbsp;

Neu allows users to buy groceries and gadgets as well as reserve flight tickets and restaurants from brands under Tata. The app also comes with a membership service and offers financial products such as bill payments, loans and insurance. The super app is expected to meet just half of the sales target in its debut year.&nbsp;

Bloomberg earlier reported that Neu would see sales of about $4 billion in the year to March 31, compared with the $8 billion target set at the beginning of 2022. In 2020, the news agency said that Tata Sons Pvt. Ltd. had explored bringing in financial or strategic investors including global technology companies, to back the super app.&nbsp;

(With inputs from agencies) 
 
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Indian multinational conglomerate Tata Group is considering injecting another $2 billion into its super app venture Tata Neu as the group seeks to bolster its digital business.

Indian multinational conglomerate Tata Group is considering injecting another $2 billion into its super app venture Tata Neu as the group seeks to bolster its digital business. Speaking to the news agency Bloomberg on Thursday (March 23), sources said that Tata Digital Pvt. will receive the additional funding over two years should a deal proceed. One source said that this fresh capital could help Tata Neu to strengthen its digital offerings, fix technical glitches and meet any fresh spending needs. The source added that the Tata Group asked Tata Digital to look for ways to boost the valuation of Neu. The report said that any fresh capital would come as Tata Digital is reviewing its strategy and fending off e-commerce rivals including Amazon and Flipkart. Tata Neu was modelled on China's Alipay and WeChat. However, it ran into technical glitches and customer complaints after its launch last year. Neu allows users to buy groceries and gadgets as well as reserve flight tickets and restaurants from brands under Tata. The app also comes with a membership service and offers financial products such as bill payments, loans and insurance. The super app is expected to meet just half of the sales target in its debut year. Bloomberg earlier reported that Neu would see sales of about $4 billion in the year to March 31, compared with the $8 billion target set at the beginning of 2022. In 2020, the news agency said that Tata Sons Pvt. Ltd. had explored bringing in financial or strategic investors including global technology companies, to back the super app. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tata Group considers injecting another $2 billion into super app venture: Report

India's multinational conglomerate Tata companies is planning to invest $2 Billion into the Tata NEU app. The 'super app' is one of its kind in India. Will Tata soon dominate the e-commerce industry? Molly Gambhir reports.

Gravitas: Tata Digital to invest $2 bn in 'super app'

India's Tata group is considering an additional 2 billion dollar investment into its super app. The additional funding is to strengthen its digital business according to media. Reports are quoting sources if the deal goes through targeted digital will receive the extra funding over the next two years.

Tata plans to invest $2 billion into super-app Neu

Tata Consumer Products Ltd on Friday said that it had ceased discussions with packaged water maker Bisleri International about a potential acquisition.

Tata Consumer Products not to acquire Bisleri, ceases talks

"We wish to inform you that Tata Technologies, a subsidiary of Tata Motors Limited, has informed the company that it has today filed a draft red herring prospectus dated March 9, 2023 with the Securities and Exchange Board of India for an initial public offering," Tata Motors said.

Tata Motors unit Tata Technologies files IPO papers with SEBI

In a bid to expand its consumer base in the bottled water portfolio, Tata Group had planned to acquire a majority stake in Bisleri International Pvt Ltd, India’s largest packaged water company. Reports about the talks that were first reported in the media in November 2022.

Tata group's deal to buy Bisleri hits a snag

Tata-Boeing Aerospace Limited (TBAL), an Indo-American defence and aerospace joint venture firm, has delivered the first fuselage (the central part of an aircraft or helicopter, to which the wings and tail are connected), for the six AH-64 Apache attack helicopters ordered by the Indian Army.&nbsp;

The TBAL facility in the Indian city of Hyderabad is the global sole source supplier for Apache fuselages and has produced complex aero-structures for Boeing 737 and 777 aircraft. The miniature model of the Apache that was shown at the roll-out event indicates that the Army's choppers would sport a 'desert camouflage' look.

The fuselage rolled out of the Hyderabad plant in India, will be supplied to Boeing's Apache final assembly plant in Mesa, Arizona, for further integration. So far, the TBAL plant in India has supplied more than 190 fuselages.&nbsp;

According to the firm, more than 90 per cent of the parts used in these aerostructures' assemblies are manufactured within India via more than 100 Micro, Small and Medium Enterprises (MSME) suppliers.&nbsp;

More than 1,275 units of the Apache helicopters are in operation, accumulating more than 4.9 million flight hours globally, of which 1.3 million have been in combat. The Indian Army's six Apaches are the second fleet of Apaches ordered by India, as the Indian Air Force had taken delivery of 22 AH-64-E variants of the Apache chopper in 2020.&nbsp;

India operates four classes of aircraft from Boeing, the C-17 Globemaster III strategic transporter, the P8I Poseidon multi-role maritime mission aircraft, the Chinook heavy-lift helicopter and the Apache attack helicopters.&nbsp;

TBAL's 14,000sqm facility in India employs over 900 engineers and technicians and utilises advanced robotics, automation, and aerospace concepts in its manufacturing processes.

"This delivery positions TBAL and India as an important manufacturing base in overall Boeing operations. We stay committed towards progression of indigenous defence manufacturing with strong focus on the quality and timely delivery," said Sukaran Singh, MD &amp; CEO, Tata Advanced Systems Limited (TASL).&nbsp;

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Tata-Boeing Aerospace Limited (TBAL), an Indo-American defence and aerospace joint venture firm, has delivered the first fuselage (the central part of an aircraft or helicopter, to which the wings and tail are connected), for the six AH-64 Apache attack helicopters ordered by the Indian Army.

Tata-Boeing Aerospace Limited (TBAL), an Indo-American defence and aerospace joint venture firm, has delivered the first fuselage (the central part of an aircraft or helicopter, to which the wings and tail are connected), for the six AH-64 Apache attack helicopters ordered by the Indian Army. The TBAL facility in the Indian city of Hyderabad is the global sole source supplier for Apache fuselages and has produced complex aero-structures for Boeing 737 and 777 aircraft. The miniature model of the Apache that was shown at the roll-out event indicates that the Army's choppers would sport a 'desert camouflage' look. The fuselage rolled out of the Hyderabad plant in India, will be supplied to Boeing's Apache final assembly plant in Mesa, Arizona, for further integration. So far, the TBAL plant in India has supplied more than 190 fuselages. According to the firm, more than 90 per cent of the parts used in these aerostructures' assemblies are manufactured within India via more than 100 Micro, Small and Medium Enterprises (MSME) suppliers. More than 1,275 units of the Apache helicopters are in operation, accumulating more than 4.9 million flight hours globally, of which 1.3 million have been in combat. The Indian Army's six Apaches are the second fleet of Apaches ordered by India, as the Indian Air Force had taken delivery of 22 AH-64-E variants of the Apache chopper in 2020. India operates four classes of aircraft from Boeing, the C-17 Globemaster III strategic transporter, the P8I Poseidon multi-role maritime mission aircraft, the Chinook heavy-lift helicopter and the Apache attack helicopters. TBAL's 14,000sqm facility in India employs over 900 engineers and technicians and utilises advanced robotics, automation, and aerospace concepts in its manufacturing processes. "This delivery positions TBAL and India as an important manufacturing base in overall Boeing operations. We stay committed towards progression of indigenous defence manufacturing with strong focus on the quality and timely delivery," said Sukaran Singh, MD & CEO, Tata Advanced Systems Limited (TASL). WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Fuselage of Apache attack helicopter for Indian Army rolls out from Tata-Boeing facility

In India Tata group's ambitious mega app is expected to make now only half of its sales objectives in its first year. It is prompted now; one of India's biggest corporate groups to reconsider its approach towards e-commerce business

World Business Watch: Tata's super-app Neu expected to miss debut year sales target by 50%

The United States-based tech giant and Facebook parent company Meta appoints former Tata Cliq CEO Vikas Purohit as the Director of Global Business Group in India. In the new role, Purohit will lead Meta’s strategic relationship with various brands and agencies in bolstering the company's digital tools for revenue growth in India's business.

Vikas Purohit comes with over 20 years of experience in business, sales and marketing and astute knowledge of the market, given his Indian Institute of Management (IIM) education. He has worked previously with big league brands such as Tata Cliq, Amazon, Reliance brands, Aditya Birla group and Tommy Hilfiger.

Last month, he paid homage to his mentors on the popular social network Linkedin. Purohit will be succeeding Ajit Mohan who last year joined Snap Inc, which is the social media platform Snapchat’s parent company as the president of APAC to lead its business in the Asia-Pacific (APAC) region.

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/metas-india-head-ajit-mohan-resigns-after-four-years-in-the-role-might-join-snap-530989">Meta's India head Ajit Mohan resigns after four years in the role, may join Snap</a>

As he steps into the new role, his responsibilities lie in engaging with brands and agencies, leading partnership initiatives with media and creating ecosystems to increase the adoption of Meta’s tools.

He would handle the company's key business verticals, including the agency teams and business solutions teams. Purohit will report to Arun Srinivas, the director and head of ads business for Meta in India.&nbsp;

ALSO WATCH |&nbsp;<a href="https://www.wionews.com/videos/ex-tata-cliq-ceo-vikas-purohit-takes-charge-as-metas-new-global-head-in-india-551133">Ex-Tata Cliq CEO Vikas Purohit takes charge as Meta's new global head in India</a>

“I am thrilled to welcome Vikas as he joins our team to shape the role that Meta platforms can play in enabling businesses, supporting India's economic growth, and building the digital advertising ecosystem of the country,” said Srinivas in a statement.&nbsp;

India remains an indispensable market for tech giants such as Meta, with targeted ads and the adoption of new digital advertisement models, they aim to create a campaign to garner consumer interest.

ALSO READ |&nbsp;<a href="https://www.wionews.com/india-news/sandhya-devanathan-appointed-as-metas-new-india-head-everything-about-her-535121">Sandhya Devanathan appointed as Meta's new India head: What does her new role entail?</a>

In FY22, Meta's gross ad revenue rose by 74% YoY to 1.9 billion, based on the increase in the adoption of its digital ad tools. 
 
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The United States-based tech giant and Facebook parent company Meta appoints former Tata Cliq CEO Vikas Purohit as the Director of Global Business Group in India.

The United States-based tech giant and Facebook parent company Meta appoints former Tata Cliq CEO Vikas Purohit as the Director of Global Business Group in India. In the new role, Purohit will lead Meta’s strategic relationship with various brands and agencies in bolstering the company's digital tools for revenue growth in India's business. Vikas Purohit comes with over 20 years of experience in business, sales and marketing and astute knowledge of the market, given his Indian Institute of Management (IIM) education. He has worked previously with big league brands such as Tata Cliq, Amazon, Reliance brands, Aditya Birla group and Tommy Hilfiger. Last month, he paid homage to his mentors on the popular social network Linkedin. Purohit will be succeeding Ajit Mohan who last year joined Snap Inc, which is the social media platform Snapchat’s parent company as the president of APAC to lead its business in the Asia-Pacific (APAC) region. ALSO READ | Meta's India head Ajit Mohan resigns after four years in the role, may join Snap As he steps into the new role, his responsibilities lie in engaging with brands and agencies, leading partnership initiatives with media and creating ecosystems to increase the adoption of Meta’s tools. He would handle the company's key business verticals, including the agency teams and business solutions teams. Purohit will report to Arun Srinivas, the director and head of ads business for Meta in India. ALSO WATCH | Ex-Tata Cliq CEO Vikas Purohit takes charge as Meta's new global head in India “I am thrilled to welcome Vikas as he joins our team to shape the role that Meta platforms can play in enabling businesses, supporting India's economic growth, and building the digital advertising ecosystem of the country,” said Srinivas in a statement. India remains an indispensable market for tech giants such as Meta, with targeted ads and the adoption of new digital advertisement models, they aim to create a campaign to garner consumer interest. ALSO READ | Sandhya Devanathan appointed as Meta's new India head: What does her new role entail? In FY22, Meta's gross ad revenue rose by 74% YoY to 1.9 billion, based on the increase in the adoption of its digital ad tools. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Meta hires former Tata Cliq CEO Vikas Purohit as Director of Global Business Group in India

Tata Motors recently launched the fully-electric version of its Tiago hatchback as India's most affordable electric car. With a starting price tag of 849 thousand Indian rupees, the Tiago EV is about 310 thousand rupees more expensive than its IC-engine-powered iteration. And currently, the only under 1-million-rupee electric car in the country. The Tiago EV gets two lithium-ion battery pack options – 19.2-kilowatt-hour and 24-kilowatt-hour – and both have a warranty of 8 years or 160 thousand kilometres. The 19.2-kilowatt-hour battery in the base trim has a claimed range of 250 kilometres, while the larger battery claims to deliver up to 315 kilometres on a single charge. We got to drive the Tiago EV recently in its higher battery capacity version, and here's our experience with it.

WION Pitstop: Tata Tiago EV review: India's most affordable electric car

Singapore Airlines, currently one of the best airlines in the world, will become a partial owner of Air India, the airline which once inspired and helped the former in formulating the launch plan. Popularly known as Maharaja, Air India was Singapore Airlines' role model when the carrier commenced operations in 1972.

According to reports, a delegation of Air India was sent by India's former prime minister Jawahar Lal Nehru to Singapore on request, at a time when the nation was making efforts to attract investment and was planning to launch an international airline.

ALSO READ|&nbsp;<a href="https://www.wionews.com/india-news/bhopal-gas-tragedy-tainted-company-continued-to-sell-products-discreetly-in-india-says-report-539883">Bhopal gas tragedy: Tainted company continued to sell products discreetly in India, says report</a>&nbsp;

In the early 1970s, the Singapore government under then prime minister Lee Kuan Yew was making efforts to establish an international airline which will be able to showcase Singapore's world-class capabilities to the global nations. India was requested to quickly send Air India's expert staff to Singapore.

Earlier reports also indicate that Singapore Airlines was willing to enter into a collaboration with Air India so that it can acquire the necessary know-how in service standards.

In the early 1970s, the global skies were dominated by Asian carriers like Thai Airways, Cathay Pacific and Singapore Airlines with their redefined concept of service. However, the first Asian airline which established a high standard of service and became an inspiration for other airlines in the 1940s was the Air India.

ALSO READ|&nbsp;<a href="https://www.wionews.com/india-news/indias-greenhouse-in-a-box-kheyti-wins-prince-williams-earthshot-prize-2022-539800">India’s Greenhouse-in-a-box wins Prince William’s Earthshot Prize 2022</a>&nbsp;

Air India, which was founded by JRD Tata, was the first Indian global entity in the 1940s and 1950s to proudly soar the Indian flag in the international skies. The airline was known to be one of the best airlines in the global aviation industry. However, Air India's fate took a different turn after it was nationalised back in 1953.

Now five decades later, Singapore Airlines, one of the world's leading airlines today, is set to become a 25.1% stakeholder in Air India, the airline which had once supported its very launch.

Singapore Airlines, currently one of the best airlines in the world, will become a partial owner of Air India, the airline which once inspired and helped the former in formulating the launch plan.

Singapore Airlines, currently one of the best airlines in the world, will become a partial owner of Air India, the airline which once inspired and helped the former in formulating the launch plan. Popularly known as Maharaja, Air India was Singapore Airlines' role model when the carrier commenced operations in 1972. According to reports, a delegation of Air India was sent by India's former prime minister Jawahar Lal Nehru to Singapore on request, at a time when the nation was making efforts to attract investment and was planning to launch an international airline. ALSO READ| Bhopal gas tragedy: Tainted company continued to sell products discreetly in India, says report In the early 1970s, the Singapore government under then prime minister Lee Kuan Yew was making efforts to establish an international airline which will be able to showcase Singapore's world-class capabilities to the global nations. India was requested to quickly send Air India's expert staff to Singapore. Earlier reports also indicate that Singapore Airlines was willing to enter into a collaboration with Air India so that it can acquire the necessary know-how in service standards. In the early 1970s, the global skies were dominated by Asian carriers like Thai Airways, Cathay Pacific and Singapore Airlines with their redefined concept of service. However, the first Asian airline which established a high standard of service and became an inspiration for other airlines in the 1940s was the Air India. ALSO READ| India’s Greenhouse-in-a-box wins Prince William’s Earthshot Prize 2022 Air India, which was founded by JRD Tata, was the first Indian global entity in the 1940s and 1950s to proudly soar the Indian flag in the international skies. The airline was known to be one of the best airlines in the global aviation industry. However, Air India's fate took a different turn after it was nationalised back in 1953. Now five decades later, Singapore Airlines, one of the world's leading airlines today, is set to become a 25.1% stakeholder in Air India, the airline which had once supported its very launch.

Singapore Airlines buys 25.1% stake in Air India, that helped it in its launch

French automaker, Citroen, has launched its second product in India, the C3 sub-compact crossover, with a starting price tag of INR 5.88 lakh (ex-showroom). It has the same quirky design language as seen on Citroen’s debut vehicle, the C5 Aircross. The Citroen C3, however, is a sub-four-metre car and gets two petrol engine options. The first is a 1.2-litre, three-cylinder unit that makes about 82 horsepower and comes mated to a five-speed manual transmission. The other is a 1.2-litre, turbocharged mill with a six-speed gearbox, producing 110 horsepower and 190 Newton-metre torque. Some of the C3’s key features include a large 10-inch touchscreen with wireless Android Auto and Apple CarPlay, dual airbags and rear parking sensors. But how does it feel on the Indian roads? And is it any better than its arc rival Tata Punch? Let's get behind the wheel and find some suitable answers.

WION Pitstop | 2022 Citroen C3 review: Tata Punch rival?

A consortium led by Tata Group and Airbus will be manufacturing the C-295 transport aircraft for the Indian Air Force in Vadodara city of western Gujarat state, in a major boost to the Make in India policy.

Prime Minister Narendra Modi will lay the foundation stone for the manducating facility on Sunday.

Announcing the project, which is worth Rs 220 billion, the defence ministry on Thursday said that this is the first time that a military plane will be manufactured in India by a private company.

"For the first time, the C-295 aircraft will be manufactured outside of Europe,” Defence Secretary Ajay Kumar told reporters.

The conception of a manufacturing facility in Vadodara is the result of an agreement signed by India with Airbus Defence and Space to procure 56 C295 transport aircraft in a bid to replace the ageing Avro-748 planes for the IAF.

Under the deal, Airbus will deliver the first 16 aircraft in ‘fly-away’ condition from its final assembly line in Seville, Spain, within four years, while the subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India.

"The first 16 fly-away aircraft are scheduled to be received between September 2023 and August 2025. The first Made-in-India aircraft is expected in September 2026," Kumar said, speaking from Kerala through video conference. 
&nbsp;

He said that the plan’s components will be 96 per cent indigenous, barring the engine of the aircraft. "96 per cent of the work that Airbus does at its facility in Spain will be done in India."

Tata Consortium has identified more than 125 in-country MSME suppliers spread over seven states, Kumar said, adding that it will generate employment in the aerospace industry in the country.

The new facility is expected to generate 600 highly skilled jobs directly, over 3,000 indirect jobs and an additional 3,000 medium skill employment opportunities with more than 4 million man hours of work within the aerospace and defence sector, the defence ministry said.

Nearly 240 engineers will be trained at the Airbus facility in Spain for the project, it added.

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A consortium led by Tata Group and Airbus will be manufacturing the C-295 transport aircraft for the Indian Air Force in Vadodara city of western Gujarat state, in a major boost to the Make in India policy.

A consortium led by Tata Group and Airbus will be manufacturing the C-295 transport aircraft for the Indian Air Force in Vadodara city of western Gujarat state, in a major boost to the Make in India policy. Prime Minister Narendra Modi will lay the foundation stone for the manducating facility on Sunday. Announcing the project, which is worth Rs 220 billion, the defence ministry on Thursday said that this is the first time that a military plane will be manufactured in India by a private company. "For the first time, the C-295 aircraft will be manufactured outside of Europe,” Defence Secretary Ajay Kumar told reporters. The conception of a manufacturing facility in Vadodara is the result of an agreement signed by India with Airbus Defence and Space to procure 56 C295 transport aircraft in a bid to replace the ageing Avro-748 planes for the IAF. Under the deal, Airbus will deliver the first 16 aircraft in ‘fly-away’ condition from its final assembly line in Seville, Spain, within four years, while the subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India. "The first 16 fly-away aircraft are scheduled to be received between September 2023 and August 2025. The first Made-in-India aircraft is expected in September 2026," Kumar said, speaking from Kerala through video conference. He said that the plan’s components will be 96 per cent indigenous, barring the engine of the aircraft. "96 per cent of the work that Airbus does at its facility in Spain will be done in India." Tata Consortium has identified more than 125 in-country MSME suppliers spread over seven states, Kumar said, adding that it will generate employment in the aerospace industry in the country. The new facility is expected to generate 600 highly skilled jobs directly, over 3,000 indirect jobs and an additional 3,000 medium skill employment opportunities with more than 4 million man hours of work within the aerospace and defence sector, the defence ministry said. Nearly 240 engineers will be trained at the Airbus facility in Spain for the project, it added. WATCH WION LIVE HERE:

C-295 aircraft for IAF to be made in India’s Gujarat state under Tata-Airbus joint venture

Indian conglomerate Tata group could be the first Indian company that could be manufacturing the iPhones now. Reports say that the software manufacturing major is presently in talks with Wistron to establish an electronics manufacturing joint venture in India seeking to assemble iPhones in South Asia.

Tata's discussions with Wistron at initial stages, Indian conglomerate looks at making iPhones

India: Tata Motors Ltd signed an agreement on Sunday to buy Ford Motor’s manufacturing plant in the western state of Gujarat for 7.26 billion rupees.

Tata motors to buy Ford's India plant

Pallonji Shapoorji Mistry, a multibillionaire industrialist and realtor who served as Chairman Emeritus of the illustrious Shapoorji Pallonji Group, passed away late last night at his residence. He was 93 years old and is survived by his daughters Laila and Aloo, the latter of whom is married to Noel Tata, Ratan Tata's half-brother. He is also survived by his sons, Shapoorji and Cyrus P. Mistry, the latter of whom gained notoriety for a significant business dispute with the Tata Group a few years ago.

In addition to other significant infrastructure projects, the Shapoorji Pallonji Group is well-known in the real estate and engineering industries for having built several iconic structures, including the RBI headquarters, SBI, HSBC, Grindlay Bank, Hongkong &amp; Shanghai Bank, and others in south Mumbai.

The group also created the legendary Hindi film "Mughal-E-Azam" (1960), which at the time was the most expensive and continues to be one of Bollywood's most well-liked productions today.

Mistry and his family are in charge of the Shapoorji Pallonji Group, which was founded more than 150 years ago and currently employs more than 50,000 people in more than 50 countries. The Oberoi Hotel in Mumbai, and the blue-and-gold Al Alam palace for the Sultan of Oman are just a few of its iconic projects.

According to the Bloomberg Billionaires Index, Mistry amassed a net worth of about $29 billion, placing him among the wealthiest men in both India and Europe. In 2003, he gave up his Indian citizenship and adopted Irish citizenship as a result of his lengthy union with Patsy Perin Dubash, a Dubliner.

Corporate feud with Tata group

To be the largest minority shareholder in Mumbai-based Tata Sons Pvt., the primary investment holding company for India's largest conglomerate, the family earned the majority of its fortune, or 18.5 percent as of early 2022.

That stake turned out to be a double-edged sword for the media-shy Mistry when his son Cyrus' abrupt removal as chairman of Tata Sons in 2016 sparked a protracted legal and boardroom struggle between two of India's most famous corporate families.

In 2021, the Supreme Court of India affirmed Tata Sons' provisions on minority shareholder rights, making it harder to sell shares without board approval. It also decided that Cyrus's removal from office was lawful. In early 2022, the stake was approximately $30 billion, making it essentially illiquid. 
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Pallonji Shapoorji Mistry, a multibillionaire industrialist and realtor who served as Chairman Emeritus of the illustrious Shapoorji Pallonji Group, passed away late last night at his residence.

Pallonji Shapoorji Mistry, a multibillionaire industrialist and realtor who served as Chairman Emeritus of the illustrious Shapoorji Pallonji Group, passed away late last night at his residence. He was 93 years old and is survived by his daughters Laila and Aloo, the latter of whom is married to Noel Tata, Ratan Tata's half-brother. He is also survived by his sons, Shapoorji and Cyrus P. Mistry, the latter of whom gained notoriety for a significant business dispute with the Tata Group a few years ago. In addition to other significant infrastructure projects, the Shapoorji Pallonji Group is well-known in the real estate and engineering industries for having built several iconic structures, including the RBI headquarters, SBI, HSBC, Grindlay Bank, Hongkong & Shanghai Bank, and others in south Mumbai. The group also created the legendary Hindi film "Mughal-E-Azam" (1960), which at the time was the most expensive and continues to be one of Bollywood's most well-liked productions today. Mistry and his family are in charge of the Shapoorji Pallonji Group, which was founded more than 150 years ago and currently employs more than 50,000 people in more than 50 countries. The Oberoi Hotel in Mumbai, and the blue-and-gold Al Alam palace for the Sultan of Oman are just a few of its iconic projects. According to the Bloomberg Billionaires Index, Mistry amassed a net worth of about $29 billion, placing him among the wealthiest men in both India and Europe. In 2003, he gave up his Indian citizenship and adopted Irish citizenship as a result of his lengthy union with Patsy Perin Dubash, a Dubliner. Corporate feud with Tata group To be the largest minority shareholder in Mumbai-based Tata Sons Pvt., the primary investment holding company for India's largest conglomerate, the family earned the majority of its fortune, or 18.5 percent as of early 2022. That stake turned out to be a double-edged sword for the media-shy Mistry when his son Cyrus' abrupt removal as chairman of Tata Sons in 2016 sparked a protracted legal and boardroom struggle between two of India's most famous corporate families. In 2021, the Supreme Court of India affirmed Tata Sons' provisions on minority shareholder rights, making it harder to sell shares without board approval. It also decided that Cyrus's removal from office was lawful. In early 2022, the stake was approximately $30 billion, making it essentially illiquid. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Pallonji Mistry, chairman of Shapoorji Pallonji Group dies at 93

A Tata Nexon electric vehicle has caught fire in what the company says is the first instance of such an incident. The exact cause of the fire is unknown for now.

Tata Nexon electric vehicle catches fire, the exact cause of the fire is unknown

Tata-owned Air India is considering ordering nearly 300 narrowbody jets, which may potentially become one of the most significant orders in the history of commercial aviation, as the airline plans to expand its fleet under new ownership, reported Bloomberg.

Bloomberg quoted an anonymous source who claimed that Air India might order Airbus SE's A320neo family jets, Boeing Co.'s 737 Max models, or a mix of both. Even though discounts are typical during such large purchases, a deal for 300 737 Max-10 jets could be approximately worth $40.5 billion.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/air-india-decides-to-procure-airbus-a350-aircraft-first-planes-delivery-likely-by-march-2023-488698">Air India decides to procure Airbus A350 aircraft; first plane's delivery likely by March 2023</a>

Since Airbus commonly dominates the skies in India, Boeing winning a narrowbody order will be a massive triumph for the manufacturer. In the world's fastest-growing aviation market before the pandemic, airlines such as IndiGo, operated by InterGlobe Aviation Ltd is the world's largest customers for Airbus best-selling narrowbodies, ordering more than 700, along with others including Vistara, Go Airlines India Ltd. and AirAsia India Ltd. who fly planes from the same European manufacturer.&nbsp;

Three hundred planes will&nbsp;take several years or even decades to produce and deliver. Airbus builds close to 50 aircraft in a month and plans to increase production to 65 per month by 2023 and then to 75 in a month by 2025.

Although Air India and Boeing representatives have declined to comment on the matter, a representative from Airbus told Bloomberg that their company is always in contact with existing and potential customers, but their discussions remain confidential.

Watch |&nbsp;CCI okays Tata-Air Asia acquisition proposal

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Bloomberg quoted Satyendra Pandey, managing partner of aviation advisory firm AT-TV claiming, "This order presumably involves new methods of financing to play out in the right manner, including factoring in macroeconomic trends, notably the fluctuating rupee and rising inflation."

"Some airlines have placed voluminous orders only to find that they are unable to line up financing at favorable terms. While it is not an outcome that one envisions and certainly not with a group such as the Tatas, nevertheless, it has to be planned for," added Pandey.

Bloomberg News previously reported that Air India's owner Tata Group is in close talks with Airbus for an order of the A350 long-range jets that have the capacity of flying as far as the US West Coast from New Delhi.

Also read |&nbsp;<a href="https://www.wionews.com/world/international-air-transport-association-says-aviation-industrys-return-to-profit-is-within-reach-in-2023-489991">International Air Transport Association says aviation industry's return to profit is 'within reach' in 2023</a>

Although Air India still holds gainful landing spots in the country, the airline faces huge competition from international players providing nonstop services to India and even airlines that fly via hubs in the Middle Eastern countries.&nbsp;

The purchase of Air India by Tata was one of the most high-profile privatization under the Modi government earlier this year. Tata is expected to consolidate its aviation businesses which justifies such a large order for new planes, allowing it to cut costs and compete better with rivals offering cheap fares.

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Tata-owned Air India is considering ordering nearly 300 narrowbody jets, which may potentially become one of the most significant orders in the history of commercial aviation, as the airline plans to expand its fleet under new ownership, reported Bloomberg.

Tata-owned Air India is considering ordering nearly 300 narrowbody jets, which may potentially become one of the most significant orders in the history of commercial aviation, as the airline plans to expand its fleet under new ownership, reported Bloomberg. Bloomberg quoted an anonymous source who claimed that Air India might order Airbus SE's A320neo family jets, Boeing Co.'s 737 Max models, or a mix of both. Even though discounts are typical during such large purchases, a deal for 300 737 Max-10 jets could be approximately worth $40.5 billion. Also read | Air India decides to procure Airbus A350 aircraft; first plane's delivery likely by March 2023 Since Airbus commonly dominates the skies in India, Boeing winning a narrowbody order will be a massive triumph for the manufacturer. In the world's fastest-growing aviation market before the pandemic, airlines such as IndiGo, operated by InterGlobe Aviation Ltd is the world's largest customers for Airbus best-selling narrowbodies, ordering more than 700, along with others including Vistara, Go Airlines India Ltd. and AirAsia India Ltd. who fly planes from the same European manufacturer. Three hundred planes will take several years or even decades to produce and deliver. Airbus builds close to 50 aircraft in a month and plans to increase production to 65 per month by 2023 and then to 75 in a month by 2025. Although Air India and Boeing representatives have declined to comment on the matter, a representative from Airbus told Bloomberg that their company is always in contact with existing and potential customers, but their discussions remain confidential. Watch | CCI okays Tata-Air Asia acquisition proposal Bloomberg quoted Satyendra Pandey, managing partner of aviation advisory firm AT-TV claiming, "This order presumably involves new methods of financing to play out in the right manner, including factoring in macroeconomic trends, notably the fluctuating rupee and rising inflation." "Some airlines have placed voluminous orders only to find that they are unable to line up financing at favorable terms. While it is not an outcome that one envisions and certainly not with a group such as the Tatas, nevertheless, it has to be planned for," added Pandey. Bloomberg News previously reported that Air India's owner Tata Group is in close talks with Airbus for an order of the A350 long-range jets that have the capacity of flying as far as the US West Coast from New Delhi. Also read | International Air Transport Association says aviation industry's return to profit is 'within reach' in 2023 Although Air India still holds gainful landing spots in the country, the airline faces huge competition from international players providing nonstop services to India and even airlines that fly via hubs in the Middle Eastern countries. The purchase of Air India by Tata was one of the most high-profile privatization under the Modi government earlier this year. Tata is expected to consolidate its aviation businesses which justifies such a large order for new planes, allowing it to cut costs and compete better with rivals offering cheap fares. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Tata-owned Air India set to make one of the largest aircraft deals in history

The Competition Commission of India (CCI) has approved Tata Group-owned Air India's proposal to acquire the entire shareholding of low-cost subsidiary AirAsia India.

CCI okays Tata-Air Asia acquisition proposal

US auto major Ford has wrapped up India operations and now it's left over assets are being taken over by Indian firms. Indian automaker Tata motors has signed an agreement to potentially buy a Ford motor manufacturing facility in the Western state of Gujarat.

Indian Auto giant Tata Motors to buy Ford's plant

Indian auto giant Tata to buy Ford motor's India plant

WION's Business Editor Sumit Chaturvedi exclusively spoke to Praveer Sinha, TATA Power CEO and MD on the sidelines of the World Economic Forum Annual Meeting 2022 in Davos.

We feel excited on opportunity on clean energy: Praveer Sinha, TATA Power CEO and MD

GSAT-24, an Indian communication satellite built by the Indian Space Research Organisation (ISRO) for satellite television service provider TataSky, will be placed in orbit on June 22, by the French Ariane 5 rocket.

The launch of the four-ton GSAT-24, dubbed ‘VA257’, would be carried out from Guiana Space Centre, Europe’s spaceport in Kourou, French Guiana.

Once placed in the geostationary orbit, GSAT-24 will provide high-quality television, telecommunications and broadcasting services.

Arianespace, the launch service provider, shared a picture of the container carrying the satellite being offloaded from a military transport aircraft, and stated, "We’ll let you know once the beast is awake".

Notably, this launch is what India's state-run Department of Space calls the “first demand driven communication satellite mission” of the New Space India Limited (NSIL), the commercial arm of ISRO.

NSIL was incorporated in March 2019 and was later mandated to undertake&nbsp;operational satellite missions on a “demand driven” model. It is responsible to build, launch, own &amp; operate the satellite and provide services to its committed customer.

<div class="ui-state-default" contenteditable="false">
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<blockquote class="twitter-tweet">
Hello there! 👀 
Welcome to GSAT-24, the second passenger of our Flight <a href="https://twitter.com/hashtag/VA257?src=hash&amp;ref_src=twsrc%5Etfw">#VA257</a>. This satellite built by <a href="https://twitter.com/isro?ref_src=twsrc%5Etfw">@isro</a> for <a href="https://twitter.com/NSIL_India?ref_src=twsrc%5Etfw">@NSIL_India</a>, will be launched on June 2⃣2⃣ onboard our <a href="https://twitter.com/ariane5?ref_src=twsrc%5Etfw">@Ariane5</a> launcher! 
We’ll let you know once the beast is awake 😏 <a href="https://t.co/k1KdIjBtGD">pic.twitter.com/k1KdIjBtGD</a>
— Arianespace (@Arianespace) <a href="https://twitter.com/Arianespace/status/1527587103147696128?ref_src=twsrc%5Etfw">May 20, 2022</a></blockquote>
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As part of the GSAT-24 mission, NSIL is getting the&nbsp;four-ton class Ku- band satellite built by ISRO and will be launching it using Ariane-5 launcher operated by s Arianespace.

The entire satellite capacity on-board GSAT-24 will be leased to its committed customer Tata Sky for meeting their DTH application needs.

NSIL has entered into a necessary agreement with Tata Sky for utilising the satellite capacity on-board GSAT-24 and with M/s Arianespace for seeking the launch services. GSAT-24 satellite will be owned and operated by NSIL on a commercial basis. GSAT-24 satellite mission will be fully funded by NSIL.

While India launches the indigenously-built satellites for national requirements and customer-built satellites on-board its own rockets, the country also uses the services of the French launcher Ariane to fulfil certain missions from foreign soil.

Significantly, GSAT-24 will be the 25th Indian satellite orbited by Arianespace, highlighting the longstanding partnership.

India's ties with launch provider Arianespace date back to 1981, when an Ariane 1 rocket launched the Indian satellite APPLE.

Ariane Passenger Payload Experiment, APPLE, was an experimental communication satellite built by ISRO.

GSAT-24, an Indian communication satellite built by the Indian Space Research Organisation (ISRO) for satellite television service provider TataSky, will be placed in orbit on June 22, by the French Ariane 5 rocket.

GSAT-24, an Indian communication satellite built by the Indian Space Research Organisation (ISRO) for satellite television service provider TataSky, will be placed in orbit on June 22, by the French Ariane 5 rocket. The launch of the four-ton GSAT-24, dubbed ‘VA257’, would be carried out from Guiana Space Centre, Europe’s spaceport in Kourou, French Guiana. Once placed in the geostationary orbit, GSAT-24 will provide high-quality television, telecommunications and broadcasting services. Arianespace, the launch service provider, shared a picture of the container carrying the satellite being offloaded from a military transport aircraft, and stated, "We’ll let you know once the beast is awake". Notably, this launch is what India's state-run Department of Space calls the “first demand driven communication satellite mission” of the New Space India Limited (NSIL), the commercial arm of ISRO. NSIL was incorporated in March 2019 and was later mandated to undertake operational satellite missions on a “demand driven” model. It is responsible to build, launch, own & operate the satellite and provide services to its committed customer. Hello there! 👀 Welcome to GSAT-24, the second passenger of our Flight #VA257. This satellite built by @isro for @NSIL_India, will be launched on June 2⃣2⃣ onboard our @Ariane5 launcher! We’ll let you know once the beast is awake 😏 pic.twitter.com/k1KdIjBtGD — Arianespace (@Arianespace) May 20, 2022 × As part of the GSAT-24 mission, NSIL is getting the four-ton class Ku- band satellite built by ISRO and will be launching it using Ariane-5 launcher operated by s Arianespace. The entire satellite capacity on-board GSAT-24 will be leased to its committed customer Tata Sky for meeting their DTH application needs. NSIL has entered into a necessary agreement with Tata Sky for utilising the satellite capacity on-board GSAT-24 and with M/s Arianespace for seeking the launch services. GSAT-24 satellite will be owned and operated by NSIL on a commercial basis. GSAT-24 satellite mission will be fully funded by NSIL. While India launches the indigenously-built satellites for national requirements and customer-built satellites on-board its own rockets, the country also uses the services of the French launcher Ariane to fulfil certain missions from foreign soil. Significantly, GSAT-24 will be the 25th Indian satellite orbited by Arianespace, highlighting the longstanding partnership. India's ties with launch provider Arianespace date back to 1981, when an Ariane 1 rocket launched the Indian satellite APPLE. Ariane Passenger Payload Experiment, APPLE, was an experimental communication satellite built by ISRO.

ISRO-built GSAT-24 satellite for Tata Sky to be launched by French rocket on June 22

After 69 long years, India’s national carrier&nbsp;Air India was officially handed over to Tata Group on Thursday.

N Chandrasekaran, the chairman of Tata Sons—who control the entire Tata conglomerate—called on Prime Minister Narendra Modi in Delhi earlier in the day ahead of the official handover.

However, even before the new and revamped airline takes off, the company seems to have already taken various measures to make the airline competitive again.

Part of this makeover includes making the cabin crew “well-groomed” and presentable to the passengers. And one way to make sure that the staff look good is to check their weight.

According to reports, Air India is planning to check the body mass index (BMI) of its cabin crew, as well as their overall grooming and appearance.

The order dated January 20, 2022, states that “grooming associates” have been assigned to record the BMI of cabin crew when they report for flight

“These observations must be compiled and sent to my office,” Vasudha Chandana, Executive Director —In-flight Services, Air India, said in the order to all cabin crew members.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/tatas-introduce-enhanced-meal-service-on-air-india-flights-448035">Tatas introduce 'enhanced meal service' on Air India flights</a>

Each cabin crew shall be observed or assessed once on a quarterly basis, she noted.

But the order drew flak from the worker unions who deemed the missive as “dehumanising”.

The carrier's two unions —Air India Employees' Union (AIEU) and All India Cabin Crew Association (AICCA) —on Monday wrote a letter to Chairman and Managing Director (CMD) Vikram Dev Dutt opposing the order on the grounds that it is dehumanising and in violation of rules prescribed by aviation regulator DGCA.

The AICCA has also threatened to seek legal recourse if the said requirement on BMI/weight checks by grooming associates is not withdrawn.

Among the other measures taken by the Tata management includes flight announcements addressing passengers as ‘Guests’, and a recorded message of Ratan Tata to be played in each and every flight.

The Tata group already has announced an ‘enhanced meal service’ in Air India’s four flights, namely AI864 Mumbai-Delhi, AI687 Mumbai-Delhi, AI945 Mumbai-Abu Dhabi and AI639 Mumbai-Bengaluru from January 27 only. This will be expanded in other flights and routes in a phased manner.

In October last year, Tata Group announced the winning bidder for Air India with a bid amount of Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.

(With inputs from agencies)

After 69 long years, India’s national carrier Air India was officially handed over to Tata Group on Thursday. N Chandrasekaran, the chairman of Tata Sons—who control the entire Tata conglomerate—called on Prime Minister Narendra Modi in Delhi earlier in the day ahead of the official handover.

After 69 long years, India’s national carrier Air India was officially handed over to Tata Group on Thursday. N Chandrasekaran, the chairman of Tata Sons—who control the entire Tata conglomerate—called on Prime Minister Narendra Modi in Delhi earlier in the day ahead of the official handover. However, even before the new and revamped airline takes off, the company seems to have already taken various measures to make the airline competitive again. Part of this makeover includes making the cabin crew “well-groomed” and presentable to the passengers. And one way to make sure that the staff look good is to check their weight. According to reports, Air India is planning to check the body mass index (BMI) of its cabin crew, as well as their overall grooming and appearance. The order dated January 20, 2022, states that “grooming associates” have been assigned to record the BMI of cabin crew when they report for flight “These observations must be compiled and sent to my office,” Vasudha Chandana, Executive Director —In-flight Services, Air India, said in the order to all cabin crew members. Also read | Tatas introduce 'enhanced meal service' on Air India flights Each cabin crew shall be observed or assessed once on a quarterly basis, she noted. But the order drew flak from the worker unions who deemed the missive as “dehumanising”. The carrier's two unions —Air India Employees' Union (AIEU) and All India Cabin Crew Association (AICCA) —on Monday wrote a letter to Chairman and Managing Director (CMD) Vikram Dev Dutt opposing the order on the grounds that it is dehumanising and in violation of rules prescribed by aviation regulator DGCA. The AICCA has also threatened to seek legal recourse if the said requirement on BMI/weight checks by grooming associates is not withdrawn. Among the other measures taken by the Tata management includes flight announcements addressing passengers as ‘Guests’, and a recorded message of Ratan Tata to be played in each and every flight. The Tata group already has announced an ‘enhanced meal service’ in Air India’s four flights, namely AI864 Mumbai-Delhi, AI687 Mumbai-Delhi, AI945 Mumbai-Abu Dhabi and AI639 Mumbai-Bengaluru from January 27 only. This will be expanded in other flights and routes in a phased manner. In October last year, Tata Group announced the winning bidder for Air India with a bid amount of Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt. (With inputs from agencies)

Tata takes over Air India. What does it mean for air hostesses?

Set to take over Air India from the Indian government, the Tata Group has taken first step towards managing the carrier by introducing "enhanced meal service" on&nbsp;four flights that will operate from Mumbai today (January 27) onwards.

The "enhanced meal service" will be provided on four flights -- AI864 (Mumbai-Delhi), AI687 (Mumbai-Delhi), AI945 (Mumbai-Abu Dhabi) and AI639 (Mumbai-Bengaluru) -- on Thursday.&nbsp;The takeover will take place after Thursday, as per officials.

After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata Group's holding company -- for Rs 18,000 crore.

The officials said the new date from which all Air India flights will fly under "Tata Group's banner or aegis" will be told to the employees later.

The "enhanced meal service" will be served on Mumbai-Newark flight and five Mumbai-Delhi flights on Friday, they noted.

The "enhanced meal service" -- devised by the Tata Group officials -- will be expanded to more flights in a staggered and phased manner, the officials added.

News agency IANS on Thursday quoted highly placed sources to say that Chairman of Tata Group N. Chandrasekaran was in national capital to meet key Central government officials before the formal handing over ceremony.

Earlier this week, in a communication to the airlines employees, a senior Air India official wrote: "The disinvestment of Air India is now decided to be on January 27, 2022.

"The closing balance sheet as on January 20 has to be provided today, i.e., January 24, so that it can be reviewed by Tatas and any changes can be effected on Wednesday."

The communication, which was reviewed by IANS, was sent to the employees by Director of Finance, Vinod Hejmadi.

The communication further read: "The next three days will be hectic for our department and I request all of you to give your best in these last three-four days before we get divested. We may have to work till late in the night to complete the task given to us."

Last month, the Competition Commission of India approved the acquisition of Air India, Air India Express and Air India SATS Airport Services by Talace, which is a wholly-owned subsidiary of Tata Sons.

(With inputs from agencies) 
&nbsp;

Set to take over Air India from the Indian government, the Tata Group has taken first step towards managing the carrier by introducing "enhanced meal service" on four flights that will operate from Mumbai today (January 27) onwards.

Set to take over Air India from the Indian government, the Tata Group has taken first step towards managing the carrier by introducing "enhanced meal service" on four flights that will operate from Mumbai today (January 27) onwards. The "enhanced meal service" will be provided on four flights -- AI864 (Mumbai-Delhi), AI687 (Mumbai-Delhi), AI945 (Mumbai-Abu Dhabi) and AI639 (Mumbai-Bengaluru) -- on Thursday. The takeover will take place after Thursday, as per officials. After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited -- a subsidiary of the Tata Group's holding company -- for Rs 18,000 crore. The officials said the new date from which all Air India flights will fly under "Tata Group's banner or aegis" will be told to the employees later. The "enhanced meal service" will be served on Mumbai-Newark flight and five Mumbai-Delhi flights on Friday, they noted. The "enhanced meal service" -- devised by the Tata Group officials -- will be expanded to more flights in a staggered and phased manner, the officials added. News agency IANS on Thursday quoted highly placed sources to say that Chairman of Tata Group N. Chandrasekaran was in national capital to meet key Central government officials before the formal handing over ceremony. Earlier this week, in a communication to the airlines employees, a senior Air India official wrote: "The disinvestment of Air India is now decided to be on January 27, 2022. "The closing balance sheet as on January 20 has to be provided today, i.e., January 24, so that it can be reviewed by Tatas and any changes can be effected on Wednesday." The communication, which was reviewed by IANS, was sent to the employees by Director of Finance, Vinod Hejmadi. The communication further read: "The next three days will be hectic for our department and I request all of you to give your best in these last three-four days before we get divested. We may have to work till late in the night to complete the task given to us." Last month, the Competition Commission of India approved the acquisition of Air India, Air India Express and Air India SATS Airport Services by Talace, which is a wholly-owned subsidiary of Tata Sons. (With inputs from agencies)

Tatas introduce 'enhanced meal service' on Air India flights

Jay Shah, the Secretary of the Board of Control for Cricket in India (BCCI), on Tuesday said that along with the TATA group, the board will look to take Indian cricket and the Indian Premier League (IPL) to greater heights. Shah`s remark comes as TATA will be replacing Vivo as the title sponsor of the IPL from this year onwards. "This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100-year-old legacy and operations in more than 100 countries across six continents.

The BCCI like the TATA Group is keen to promote the spirit of cricket across international borders, and the growing popularity of the IPL as a global sporting franchise bears testimony to the BCCI`s efforts," said Shah in an official statement."We are truly happy that India`s largest and most trusted business group has believed in the IPL growth story and together with the Tata Group, we will look to take Indian cricket and the IPL forward to greater heights," he added.

ALSO READ |&nbsp;<a href="https://www.wionews.com/sports/tata-to-be-new-title-sponsor-of-indian-premier-league-after-vivo-pulls-out-443830">Tata to be new title sponsor of Indian Premier League after Vivo pulls out</a>

Earlier on Tuesday, the Indian Premier League (IPL) chairman Brijesh Patel confirmed that TATA will replace VIVO as the main sponsor for the upcoming edition of the tournament. "Yes, TATA will replace Vivo as the title sponsor," Patel had told ANI.Vivo still has two years left in its sponsorship deal with the league and as a result, during this period, Tata will remain the main sponsor. Indian Premier League`s (IPL) two new teams -- Sanjiv Goenka`s RPSG Group for the Lucknow franchise and CVC Capital`s Ahmedabad team on Tuesday received the formal clearance from the Board of Control for Cricket in India (BCCI).

ALSO READ |&nbsp;<a href="https://www.wionews.com/photos/simply-mindboggling-from-virat-kohli-ms-dhoni-to-ab-de-villiers-top-5-earners-in-ipl-history-443658">SIMPLY MINDBOGGLING! From Virat Kohli, MS Dhoni to AB de Villiers: Top 5 earners in IPL history</a>

The formal clearance was given after a meeting of the Indian Premier League (IPL) Governing Council on Tuesday and both Ahmedabad and Lucknow have also been given a time frame for player signing before the mega auction takes place.

Jay Shah, the Secretary of the Board of Control for Cricket in India (BCCI), on Tuesday said that along with the TATA group, the board will look to take Indian cricket and the Indian Premier League (IPL) to greater heights.

Jay Shah, the Secretary of the Board of Control for Cricket in India (BCCI), on Tuesday said that along with the TATA group, the board will look to take Indian cricket and the Indian Premier League (IPL) to greater heights. Shah`s remark comes as TATA will be replacing Vivo as the title sponsor of the IPL from this year onwards. "This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100-year-old legacy and operations in more than 100 countries across six continents. The BCCI like the TATA Group is keen to promote the spirit of cricket across international borders, and the growing popularity of the IPL as a global sporting franchise bears testimony to the BCCI`s efforts," said Shah in an official statement."We are truly happy that India`s largest and most trusted business group has believed in the IPL growth story and together with the Tata Group, we will look to take Indian cricket and the IPL forward to greater heights," he added. ALSO READ | Tata to be new title sponsor of Indian Premier League after Vivo pulls out Earlier on Tuesday, the Indian Premier League (IPL) chairman Brijesh Patel confirmed that TATA will replace VIVO as the main sponsor for the upcoming edition of the tournament. "Yes, TATA will replace Vivo as the title sponsor," Patel had told ANI.Vivo still has two years left in its sponsorship deal with the league and as a result, during this period, Tata will remain the main sponsor. Indian Premier League`s (IPL) two new teams -- Sanjiv Goenka`s RPSG Group for the Lucknow franchise and CVC Capital`s Ahmedabad team on Tuesday received the formal clearance from the Board of Control for Cricket in India (BCCI). ALSO READ | SIMPLY MINDBOGGLING! From Virat Kohli, MS Dhoni to AB de Villiers: Top 5 earners in IPL history The formal clearance was given after a meeting of the Indian Premier League (IPL) Governing Council on Tuesday and both Ahmedabad and Lucknow have also been given a time frame for player signing before the mega auction takes place.

Along with TATA group, will look to take Indian cricket to greater heights, says BCCI secretary Jay Shah

In what comes as a major development ahead of the start of the new season of the Indian Premier League (IPL) this year, Vivo has pulled out as the title sponsors of the league. The Chinese smartphone makers are all set to be replaced by the Tata Group as the new sponsors of the T20 league which will head into its 15th season this year.

The IPL Governing Council met on Tuesday (January 11) where it was confirmed that Tata will be the new sponsor of the league going forward. IPL chairman Brijesh Patel confirmed Vivo's exit and Tata's onboarding as the new sponsors of one of the most popular T20 leagues in the world.

"Vivo has exited and the Tatas will be title sponsors," the IPL chairman was quoted as saying by Cricbuzz. The league will now be known as 'Tata IPL' from the 2022 season. Vivo still has a couple of years left on its sponsorship deal with the IPL but Tata will now take over as the main sponsor.

Vivo won the title rights of the IPL in 2018 for a whopping sum of Rs 440 crore (INR 4.4 billion) till the 2020 season. However, Vivo had to pull out for a year in 2020 due to the tensions after India-China diplomatic standoff. Dream11 was roped in as a sponsor for a year while Vivo's deal was extended till 2023 due to the 1-year pause.

However, the Tata Group will now be the main sponsor for the 2022 and 2023 seasons. The Indian Premier League which kicked off in 2008 has gone on to become one of the most lucrative sporting events in the world and is the richest T20 league by a fair margin.

Also Read:&nbsp;<a href="https://www.wionews.com/photos/simply-mindboggling-from-virat-kohli-ms-dhoni-to-ab-de-villiers-top-5-earners-in-ipl-history-443658">From Virat Kohli, MS Dhoni to AB de Villiers: Top 5 earners in IPL history</a>

The new season of the Indian Premier League is likely to get underway in April this year. Ahead of the 2022 edition, the Board of Control for Cricket in India (BCCI) and the IPL governing council is all set to conduct a mega player auction for the ten teams.

While existing eight teams have already revealed the list of retained players, the two new teams - Ahmedbad and Lucknow can pick a maximum of three players each from the pool of non-retained ones ahead of the mega auction. The mega auction is set to be conducted in February this year.

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In what comes as a major development ahead of the start of the new season of the Indian Premier League (IPL) this year, Vivo has pulled out as the title sponsors of the league.

In what comes as a major development ahead of the start of the new season of the Indian Premier League (IPL) this year, Vivo has pulled out as the title sponsors of the league. The Chinese smartphone makers are all set to be replaced by the Tata Group as the new sponsors of the T20 league which will head into its 15th season this year. The IPL Governing Council met on Tuesday (January 11) where it was confirmed that Tata will be the new sponsor of the league going forward. IPL chairman Brijesh Patel confirmed Vivo's exit and Tata's onboarding as the new sponsors of one of the most popular T20 leagues in the world. "Vivo has exited and the Tatas will be title sponsors," the IPL chairman was quoted as saying by Cricbuzz. The league will now be known as 'Tata IPL' from the 2022 season. Vivo still has a couple of years left on its sponsorship deal with the IPL but Tata will now take over as the main sponsor. Vivo won the title rights of the IPL in 2018 for a whopping sum of Rs 440 crore (INR 4.4 billion) till the 2020 season. However, Vivo had to pull out for a year in 2020 due to the tensions after India-China diplomatic standoff. Dream11 was roped in as a sponsor for a year while Vivo's deal was extended till 2023 due to the 1-year pause. However, the Tata Group will now be the main sponsor for the 2022 and 2023 seasons. The Indian Premier League which kicked off in 2008 has gone on to become one of the most lucrative sporting events in the world and is the richest T20 league by a fair margin. Also Read: From Virat Kohli, MS Dhoni to AB de Villiers: Top 5 earners in IPL history The new season of the Indian Premier League is likely to get underway in April this year. Ahead of the 2022 edition, the Board of Control for Cricket in India (BCCI) and the IPL governing council is all set to conduct a mega player auction for the ten teams. While existing eight teams have already revealed the list of retained players, the two new teams - Ahmedbad and Lucknow can pick a maximum of three players each from the pool of non-retained ones ahead of the mega auction. The mega auction is set to be conducted in February this year.

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