Tag: Ratan Tata

Tata Trusts Small Animal Hospital to open soon; all you need to know about this ‘pet’ project

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Industrialist-entrepreneur Ratan Tata, who is known for his philanthropic activities on national and international levels, is now all prepared to launch his long-pending ‘pet’ project in Mumbai. Under the ‘pet’ project initiative, an animal hospital will be opened in Mumbai. According to reports, the hospital will be accessible from the first week of March.

According to a Times of India report, the project will house a hospital spread across an area of 2.2 acres. The 24×7 hospital will treat dogs, cats, rabbits, and other small animals.

In an exclusive interview with Times of India, Tata said, “A pet is no different from a member of one’s family today. As the guardian of several pets throughout my life, I acknowledge the need for this hospital.”

The 86-year-old industrialist also spoke about the reason behind rolling out a world-class animal hospital. He recalled the instance wherein he had to fly one of his pets to the University of Minnesota for a joint replacement. He said, “I was too late, and so they froze the dog’s joint in a certain position. That experience made me see what a world-class veterinary hospital was equipped to do,” reported TOI.

The Tata Trusts Small Animal Hospital, which has been built at a cost of ₹165 crores, is located in Mahalaxmi, Mumbai. This 24×7 veterinary hospital has five stories with a capacity to admit as many as 200 ‘patients’. To bring the best for the hospital, Tata Trusts Small Animal Hospital has appointed Thomas Heathcote, a British veterinarian. Heathcote, who has relocated to Mumbai will be leading a team of doctors, reported Money Control.

Tata’s ‘pet’ project was announced in 2017 when the hospital was supposed to be built in the Navi Mumbai region. However, keeping the distance in mind, Tata considered moving the location a bit closer to the centre of the city. He said, “This (distance) could’ve been a major challenge for the pet parents, especially those in need of emergency services. With this in mind, finding the right space for land and getting permissions was also a reason for delay”, reported TOI.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata turns 86: Here is a look at his life, net worth and charities

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ratan Tata, Chairman Emeritus of Tata Sons, turned 86 on Thursday (December 28). With over 12 million followers on X (formerly Twitter), Ratan Tata is the ‘most followed entrepreneur’ in the country, according to the 360 ONE Wealth Hurun India Rich List 2023.

Ratan Tata was born on December 28, 1937, in Mumbai to Naval Tata and Sooni Tata.He attended the Campion School till 8th standard and thereafter studied at the Cathedral and John Connon School in Mumbai and the Bishop Cotton School in Shimla. Later, he went to Cornell University to study architecture and briefly worked with Jones and Emmons in Los Angeles before returning to India in 1962.

In the same year, he joined the Tata Group and worked with the Tata Steel division in Jamshedpur. Later on, he completed a management course at Harvard Business School in 1975. He took over as the chairman of the Tata Group in 1991.

Even though his name appears way below the list of the richest people in the country, Ratan Tata is known for his business empire and his strong work ethic.

Ratan Tata – Net worth

Ratan Tata had a net worth of ₹3,800 crore and held the 421st position on the IIFL Wealth Hurun India Rich List 2022. Before that, he held the 433rd position and had a net worth of ₹3,500 crore in 2021. A major reason behind this is that Tata Trusts contribute 66% of the total earnings made by the firms under the holding company Tata Sons towards charitable causes.

According to its official website, there are 29 publicly listed Tata enterprises with a combined market capitalisation of $300 billion (₹24 trillion) as of July 31, 2023.

Charities

Tata Group’s primary donor to charitable endeavours was Ratanji Tata, the younger son of Jamsetji Tata. Ratanji Tata had willed a large part of his property for charitable purposes, while the Sir Ratan Tata Trust was established with a corpus of ₹80 lakh in 1919. Currently, Tata Trust stands as one of the most illustrious and established charitable foundations in India.

The main promoter of the Tata group companies is Tata Sons. Philanthropic trusts that fund charities that support health, education, the arts and culture, and other causes own 66% of the equity shares of Tata Sons.

Under Ratan Tata’s leadership, the Tata Group has played a pivotal role in improving healthcare and education in India.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Mumbai Police tracks down MBA graduate who threatened Ratan Tata

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Mumbai Police on Saturday tracked down the youth who recently threatened industrialist and former Tata Sons chairman Ratan Tata.

The accused is an MBA graduate and suffers from schizophrenia, ANI reported quoting Mumbai Police. According to police officials, the caller had also asked Mumbai Police to enhance the security of the Tata Group tycoon. The accused warned that if the police failed to do so, it would lead to Ratan Tata meeting the same fate as the former Tata Sons chairman Cyrus Mistry.

For the unversed, Mistry died in a car crash on September 4, 2022. The accident occurred on the Ahmedabad-Mumbai National Highway 8 near Palghar of Maharashtra while Mistry was travelling with his friends. His car, a Mercedes-Benz GLC, crashed into a road divider.

In response to the threat call, Mumbai Police went into alert mode and created a special team to offer personal security to the industrialist, while another team was assigned to investigate the information about the caller. According to ANI, the police team traced out the caller with technical support.

As per the investigators, the location of the caller was found to be in Karnataka, while the alleged caller’s residence was tracked to Pune. Following the leads, the police authorities reached his Pune residence and got to know that the alleged caller had been missing for the past five days. His wife had even filed a complaint at the Bhosari police station.

In the process of gathering information about the caller, the investigative team questioned the caller’s family and came to know that the accused was suffering from schizophrenia.

The family informed the police that the accused holds an MBA degree in Finance and has a background in engineering as well.

According to ANI, the accused had stolen a mobile phone and made the call to Mumbai Police using that phone. However, Mumbai Police has decided not to take any action against the accused due to his mental health condition.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata flags fake interview recommending investments on social media

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Former chairman of the Tata Group Ratan Tata sent a “fake” alert on Wednesday accusing someone of using his name on social media to “exaggerate investment” with a 100% risk-free assurance.

In a post on Instagram, Tata called out a post from a user by the name of Sona Agrawal who used a fake interview of him in a video recommending investments. In the fake video, Tata addresses Sona Agrawal as his manager.

“A recommendation from Ratan Tata for everyone in India. This is your chance to exaggerate your investment right today risk-free with a 100% guarantee. Go to the channel right now,” read the caption of the video post.

The video also showed messages of people receiving money in their accounts. Tata wrote FAKE on the video and also on the screenshot of the caption of the video.

Earlier this week, the government met with social media intermediaries to combat the rise of deepfakes on the platforms. The platforms have been given a grace period of seven days to take concrete actions.

The rise of deepfakes, encompassing manipulated images, videos, and audio, raises concerns about their use in creating deceptive content and spreading misinformation.

There have been three times as many video deepfakes of all kinds and eight times as many voice deepfakes posted online this year compared to the same period in 2022, according to DeepMedia, a company working on tools to detect synthetic media.

(With inputs from PTI)

Also Read: Rashmika Mandanna’s viral elevator video turns out to be a deepfake, sparks calls for legal framework

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Industrialist Ratan Tata conferred with Udyog Ratna award in Maharashtra | WATCH

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Veteran industrialist Ratan Tata was on Saturday conferred the first ever Udyog Ratna’ award instituted by the Maharashtra government.

The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist’s home in Colaba, south Mumbai.

The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC).

#WATCH | Industrialist Ratan Tata conferred with the Udyog Ratna award at his residence by Maharashtra CM Eknath Shinde and Dy CMs Ajit Pawar and Devendra Fadnavis pic.twitter.com/1s6GvxyZYh

— ANI (@ANI) August 19, 2023

Talking to reporters afterwards, Shinde said honouring Tata as Udyog Ratna’ has enhanced the prestige of the award. “The contribution of the Tata group in all sectors is immense. Tata means trust,” he said. The steel-to-salt group operates in more than 100 countries across six continents.

In 2021-22, the collective revenue of Tata companies stood at $128 billion.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata says ‘have no associations with cryptocurrency of any form’

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Veteran industrialist and former Tata Group Chairman Ratan Tata on Tuesday said he has no associations with cryptocurrency of any form. Strongly refuting reports of his investments in cryptocurrency, in a tweet, Tata said, “I request netizens to please stay aware. I have no associations with cryptocurrency of any form.”

I request netizens to please stay aware. I have no associations with cryptocurrency of any form. pic.twitter.com/LpVIHVrOjy

— Ratan N. Tata (@RNTata2000) June 27, 2023

Sharing a screenshot of an article that stated his “recent investment had experts in disbelief and major banks concerned” as an example, he wrote, “If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens.”

In 2021, Mahindra group Chairman Anand Mahindra also denied investing in cryptocurrency, dubbing reports that claimed that he had done so as “completely fabricated & fraudulent” and asserted he had “not invested a single rupee in cryptos”.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata receives highest civilian honour of Australia, here’s why

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ratan Tata, the chairman Emeritus of Tata Sons has been conferred with Order of Australia (AO) honour, the highest civilian honour of the country. He was honoured for his longstanding commitment to the India Australia bilateral relations.

Australia’s High Commissioner to India, Barry O’Farrell shared images of the ceremony on Twitter and said that Ratan Tata is a titan of business, industry and philanthropy and has made a significant impact on the island nation.

Ratan Tata is a titan of biz, industry & philanthropy not just in 🇮🇳, but his contributions have also made a significant impact in 🇦🇺. Delighted to confer Order of Australia (AO) honour to @RNTata2000 in recognition of his longstanding commitment to the 🇦🇺🇮🇳relationship. @ausgov pic.twitter.com/N7e05sWzpV

— Barry O’Farrell AO (@AusHCIndia) April 22, 2023

Also Read: Australia Honours Ratan Tata, Titan Receives Australia’s Highest Civil Honour ‘Order Of Australia’

In March this year, the Government of Australia appointed Ratan Tata as Honorary Officer in the General Division for distinguished service to “the Australia-India bilateral relationship, particularly to trade, investment and philanthropy.”

The Australian government, in its citation said, “In recognition of his support for the Australia-India relationship, Mr Ratan Tata is worthy of formal national recognition with an appointment as an Honorary Officer in the General
Division of the Order of Australia (AO).”

“Ratan Tata has been a strong and influential advocate for deeper ties between Australia and India, including advocating for the Australia-India Economic Cooperation and Trade Agreement, which was finalised in 2022, and supporting visiting business and government leaders in India,” it added.

It further said that the breadth of Ratan Tata’s contribution to India’s economic and industrial development is matched by the ethical conduct of his businesses and his support for charitable causes.

“This work includes supporting development and creating opportunity across a wide range of fields including health, nutrition, education, water, agriculture, the environment and energy, social justice and inclusion, digital transformation, disaster relief, and women’s economic empowerment.”

Barry O’Farrell announced it on his Twitter handle, saying, “Delighted at the Australian Governor-General’s announcement to appoint Mr Ratan Tata @RNTata2000, an Honorary Officer in the Order of Australia (AO) for distinguished service to the Australia-India relationship, particularly to trade, investment & philanthropy.”

85-years-old industrialist and Chairman of Tata sons, Ratan Tata believes in running a business with humanity and he has dedicated a huge part of his wealth to the well-being of society. Apart from being a business tycoon, he is also a motivational speaker and a great philanthropist.

He joined the Tata Group in 1962 and his first job was to work with the Tata Steel division in Jamshedpur. In 1991, Ratan Tata took over as the chairman of the Tata Group. Under his leadership, the Tata group has made a significant contribution towards alleviating India from contemporary issues in the field of healthcare and education among others.

Also Read: Air India pilots write to Ratan Tata, allege lack of respect and dignity by HR department

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata confidant R Krishnakumar passes away at 84

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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R Krishnakumar, a close confidant of Ratan Tata and a group veteran, died Sunday evening, officials said.

Kerala-born Krishnakumar, who had served at multiple positions in the group, including heading its hospitality arm Indian Hotels, was 84. The Padma Shri awardee suffered a heart attack at his home in the financial capital on Sunday, they said.

Remembering his colleague, Ratan Tata said, “Words cannot describe the deep sense of loss I feel on the passing of my friend and colleague Mr R K Krishnakumar. I will always fondly remember the comradery we shared both within the group and personally. He was a true veteran of the Tata group and the Tata Trusts and will be missed dearly by all.” Tata Sons’ current chairman N Chandrasekaran also offered condolences for Krishnakumar’s “enormous contribution” to the Tata Group.

“I had the good fortune of knowing him and what stood out was his deep sense of compassion as a human being. He always wanted to help the less privileged and positively impact their lives. We pray for his departed soul and will sorely miss him,” Chandrasekaran said in a statement.

Also Read:Ratan Tata turns 85 today: A look his net worth, charities and more of the great philanthropist

Kerala Chief Minister Pinarayi Vijayan tweeted that Thalassery-born Krishnakumar helped strengthen the ties of the group with the southern state and offered condolences to the family.

Krishnakumar had been active with the Tata Trusts after his retirement from executive roles and was reportedly a part of the team which worked alongside Ratan Tata in the Cyrus Mistry ouster episode.

Krishnakumar’s cremation will be held at Chandanwadi Crematorium here at 4.30 pm on Monday.

.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Ratan Tata turns 85 today: A look his net worth, charities and more of the great philanthropist

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Industrialist and Chairman Emeritus of Tata Sons, Ratan Tata celebrates his 85th birthday today, December 28. Apart from being a business tycoon, he is also a motivational speaker and a great philanthropist. He believes in running a business with humanity and he has dedicated a huge part of his wealth to the well-being of society.

Ratan Tata was born on December 28, 1937, in Mumbai to Naval Tata and Sooni Tata. He went to Cornell University to study architecture and structural engineering in 1959 and briefly worked with Jones and Emmons in Los Angeles before returning to India in 1962.

Ratan Tata joined the Tata Group in 1962 and his first job was to work with the Tata Steel division in Jamshedpur. In 1975, he completed a management course at Harvard Business School.

In 1991, Ratan Tata took over as the chairman of the Tata Group.

At a time, when globalisation was a new concept in India, Ratan Tata took the lead with big acquisitions to take his group global.

Beginning with Tata Tea’s acquisition of Tetley in 2000, he went on to acquire about 36 companies in just 9 years. The most noteworthy acquisitions to date in India have been the Tetley acquisition by Tata Tea, Tata Steel’s takeover of Anglo-Dutch steelmaker Corus and the acquisition of British automobile major Jaguar and Land Rover by Tata Motors.

His Net worth

Ratan Tata’s net worth was estimated to be Rs 3,500 crore last year according to IIFL Wealth Hurun India Rich List. He was ranked as the 433rd richest person in the country, which could be surprising to know for many.  The reason behind his low ranking is the large-scale philanthropic work that he does through the trusts and charity institutions managed by Tata Group.

Charities

Ratanji Tata, the younger son of Jamsetji Tata was the main contributor to the charity work done by the Tata Group. He had willed a large part of his property for charitable purposes and in 1919 the Sir Ratan Tata Trust was established with a corpus of Rs 80 lakh. Today, Tata Trust exists as one of India’s oldest and most respected charity foundations.

Tata Sons are the principal promoter entity of Tata group companies and 66 percent equity shares of Tata Sons are held by philanthropic trusts, which support health, education, art and culture and other charities. Under Ratan Tata’s leadership, the Tata group has made a significant contribution towards alleviating India from contemporary issues in the field of healthcare and education among others.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow