Reported by Sify Tata Sons Interim Chairman Ratan N. Tata, hinting at possible changes in the group companies, on Tuesday urged them to "act as leaders in their respective markets and enhance returns to shareholders". »more
Tata Power‘s latest project, according to the news, intend to invest in renewable energy sector with the aim of increasing the clean energy footprint by 30 to 40 percent by the year 2025. Currently, the Tata Power runs 3,300-megawatt (MW) on non-fossil fuel out of 10,500-MW, and they aim to have..
Ratan Tata is the interim chairman for the group who would step aside once the new chairman is selected. Amit Chandra, who heads Bain Capital in India, and also a member of the search committee formed by Tata Sons to select the next chairman, could also be a long shot candidate for the post.
WASHINGTON (Reuters) - A U.S. federal judge on Tuesday approved Volkswagen AG's record-setting $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November.