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Tata Sons holds first board meet after Air India plane crash

Economic Times

Economic Times · 2m ago

Tata Sons holds first board meet after Air India plane crash

Tata Sons held a board meeting following the tragic Air India plane crash, with Chairman N Chandrasekaran updating leaders on the incident and relief efforts. The Tata group, along with its majority shareholder Tata Trusts, committed to further aid efforts for those affected. Condolences were offered for the victims, and a compensation of Rs 1 crore for the kin of each deceased person was announced. Chandrasekaran now manages Air India's daily operations directly.

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Tata Sons chair Chandrasekaran skips TCS AGM following AI crash crisis

Livemint

Livemint · 2m ago

Tata Sons chair Chandrasekaran skips TCS AGM following AI crash crisis

Natarajan Chandrasekaran, Tata Sons chairman, missed Tata Consultancy Services' annual general meeting for the first time in 18 years due to handling a crisis after a deadly Air India crash. This marks his second absence, having also skipped Tata Consumer Products Ltd's shareholder meeting. Chandrasekaran, who joined TCS's board in 2007 and was its CEO from 2009 to 2017, became Tata Sons chairman subsequently.

Tata Sons chairman N Chandrasekaran briefs Trusts board directly on business performance, upcoming plans

Economic Times

Economic Times · 1m ago

Tata Sons chairman N Chandrasekaran briefs Trusts board directly on business performance, upcoming plans

Tata Sons Chairman N Chandrasekaran conducted a significant briefing to the Tata Trusts board, marking a first-time direct update on the conglomerate's strategic priorities, performance, and upcoming plans. This includes investments in semiconductors, electric mobility, and Air India. The meeting covered group businesses, capital allocation, and transparency initiatives, emphasizing Tata Sons’ commitment to future readiness. Additionally, it addressed responses to the Air India crash, detailing regulatory compliance and relief measures. This unprecedented move aims to enhance communication with the Trusts.

Air India plane crash: Tata Group calls in Boeing, GE for technical support

Economic Times

Economic Times · 2m ago

Air India plane crash: Tata Group calls in Boeing, GE for technical support

The Tata Group has enlisted Boeing and GE Aerospace experts to assist in the investigation of a fatal Air India Boeing 787-8 Dreamliner crash in Ahmedabad. The incident occurred shortly after takeoff, with 242 onboard, crashing into a residential zone. Tata Sons chairman N Chandrasekaran is actively involved, having traveled to Ahmedabad and pledged compensation for victims' families. The cause remains unclear, with safety audits and government investigations ongoing.

Tata Sons plans trust for families of Air India plane crash victims with an outlay of ₹500 cr

Economic Times

Economic Times · 2m ago

Tata Sons plans trust for families of Air India plane crash victims with an outlay of ₹500 cr

Tata Sons plans to establish a trust with a proposed allocation of Rs 500 crore to support families of victims from the June 12 Air India crash in Ahmedabad. This initiative, led by Tata Motors' CFO PB Balaji, aims to provide long-term financial assistance, including compensation, medical care, and educational support for victims. The trust will ensure proper governance and compliance, engaging individuals from outside the Tata Group, and echoes Tata’s previous responses to crises.

Tata Sons chairman tries to uplift morale as turnaround effort stalls

Economic Times

Economic Times · 2m ago

Tata Sons chairman tries to uplift morale as turnaround effort stalls

Tata Sons Chairman N Chandrasekaran addressed Air India’s leadership following a tragic Boeing 787 crash, emphasizing unwavering support for affected families and using the crisis to enhance airline safety. Despite significant criticism, Chandrasekaran, passionate about Air India's turnaround, acknowledged the challenges of competing globally and implementing a comprehensive overhaul after the Tatas' ambitious expansion post-2022 acquisition. Experts stress the need to balance growth with safety and restore customer trust after the disaster.

US agency to lead team to India to assist plane crash investigation

Economic Times

Economic Times · 2m ago

US agency to lead team to India to assist plane crash investigation

A U.S. agency, the National Transportation Safety Board (NTSB), will lead a team to India to assist in investigating an Air India crash involving a Boeing 787 in Ahmedabad. The crash impacted a flight with 242 passengers and crew on board. The Federal Aviation Administration (FAA) and Boeing are also ready to support the investigation as per international protocols. U.S. officials expressed condolences and emphasized the need for a thorough investigation.

Vijay Rupani, ex-Gujarat CM, feared to be on Air India plane that crashed in Ahmedabad

Economic Times

Economic Times · 2m ago

Vijay Rupani, ex-Gujarat CM, feared to be on Air India plane that crashed in Ahmedabad

A former Air India flight to London crashed in Ahmedabad, shortly after takeoff, with 242 people on board. Former Gujarat Chief Minister Vijay Rupani was reported to be onboard. The plane crashed into a building after issuing a MAYDAY call, but then lost contact with air traffic control. Ten crew members, including two pilots, were on the Boeing 787 Dreamliner, flight AI171, headed for London Gatwick before the crash near the airport.

Air India plane crash: IndiGo flight returns to Kolkata after take-off due to closure of Ahmedabad airport

Economic Times

Economic Times · 2m ago

Air India plane crash: IndiGo flight returns to Kolkata after take-off due to closure of Ahmedabad airport

A private airline's flight from Kolkata to Ahmedabad returned to the NSCBI Airport due to the closure of Ahmedabad Airport following an Air India aircraft crash. IndiGo flight 6E-318, which departed from Kolkata at 1.49 pm, returned around 2.52 pm with 179 passengers on board. The Air India aircraft, a London-bound Boeing 787-8, carrying 242 passengers, crashed shortly after take-off, instigating several casualties. Ahmedabad airport's closure prompted the flight diversion.

Ahmedabad Plane Crash: Looking back at 8 of the most deadliest airborne tragedies India experienced

Economic Times

Economic Times · 2m ago

Ahmedabad Plane Crash: Looking back at 8 of the most deadliest airborne tragedies India experienced

A tragic aviation accident occurred when an Air India flight crashed soon after takeoff from Ahmedabad, killing at least 40 people and injuring many. This devastating event marks the first major air disaster in India since the Kozhikode crash in 2020. India's aviation history is marked by several deadly crashes, including Mangalore (2010), Charkhi Dadri (1996), and more, highlighting the ongoing need for strict safety measures and technological advancements in aviation.

Noel Tata joins board of Tata Sons

VCCircle

VCCircle · 9m ago

Noel Tata joins board of Tata Sons

Noel Tata, the half-brother of late Indian tycoon Ratan Tata, has recently been appointed to the board of Tata Sons, the conglomerate that operates under the Tata group. This comes after his appointment as the chairman of Tata Trusts, the philanthropic arm of the group. Tata Trusts owns a significant stake in Tata Sons and appoints several directors to its board, granting them veto powers. Noel Tata's addition to the board is seen as a significant move within the company.

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