Skip to content
Search

Latest Stories

Golden age of Air India lies ahead: Tata Group chief

Golden age of Air India lies ahead: Tata Group chief

TATA Group chief N Chandrasekaran on Thursday (27) reached out to employees of Air India asking them to work together to build the airline that “the country needs”.

He asserted that the "golden age" of the carrier lies ahead.

In a welcome letter to the employees of Air India after the Tata Group took over its management control, Chandrasekaran, the chairman of Tata Sons, reflected on the airline's "brilliant past" but said the entire nation is now waiting to see what "we will achieve together".

"From the day of the announcement (of Tatas winning the bid), one word has been on everyone's lips: Homecoming. We are proud to welcome Air India back into the Tata family, after all these years," he wrote.

Chandrasekaran said, "I, like many others, have enjoyed reflecting on stories from the airline's brilliant past. My first flight was with Air India in December 1986, and I will never forget how special it felt to be on board or the exhilaration as we soared into the sky."

He, however, said while such memories are wonderful, now is the time to look ahead.

"Today is the beginning of a new chapter. The entire nation's eyes are on us, waiting to see what we will achieve together. To build the airlines our country needs, we need to look to the future," Chandrasekaran said.

Stating that the Tata Group has its "own storied past", he said, "it is evolving, adapting and embracing the future… I am convinced that the golden age of Air India lies ahead. Our journey towards it starts now. Welcome. And welcome back."

In a separate social media post themed "Looking back, looking forward", Chandrasekaran reiterated that Tata Group is committed to making Air India a world-class airline.

Recollecting his maiden flight, he said, “I was a young intern then, at Tata Consultancy Services. I vividly recall, even after all this time, how I felt that day."

"There was also a strong sense of belongingness."

Media reports said there will be enhanced meal services in Air India flights under the new management and the passengers will be referred to as guests.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less