Tue, May 23, 2017 | updated 06:34 AM IST

Tata Trustee V R Mehta, Raheja Group's Naveen Raheja hail Chandrasekaran's appointment as Tata Sons Chairman

Updated: Jan 14, 2017 13:57 IST      
Tata Trustee V R Mehta, Raheja Group's Naveen Raheja hail Chandrasekaran's appointment as Tata Sons Chairman

New Delhi [India], Jan. 14 (ANI): V R Mehta, a trustee of the Sir Dorabji Tata Trust, on Saturday complimented the selection committee's move to appoint N Chandrasekaran as the new Chairman of Tata Sons.

"I think it's an excellent move. This can be owed to two reasons. Firstly, Chandrasekaran has been working for TCS (Tata Consultancy Services) for almost 30 years now. He is well-acquainted with the value system, the working culture and the ethos of Tata Sons. And he'll be able to bring all these qualities to his new role," Mehta told ANI in an interview here.

"Secondly, he is a proven leader. He has a track record of being the Managing Director of TCS since 2009. In that position, he has achieved great success and taken his company to great heights. I think both these qualities will help Chandrasekaran in performing his duties in this important and very challenging role," he added.

When asked about Chandrasekaran not being a Parsi and still getting selected for the role, Mehta said, "It's true that before him only Parsis held the position. But it also shows that Mr Ratan Tata has always looked for qualities which are not based on caste, religion, location, gender or community. He looks for people who are good human beings, are capable and will be able to deliver to the role they have been assigned. The selection committee, of which he was also a part, has selected the best person without considering his caste or ethnicity."

"The position of Tata Sons - Executive Chairman is any day a very challenging position, with companies like Tata Motors, Tata Steel, Tata Power and TCS among other to take care of. These are of different sizes and different sectors. Serving the role of the chairman will certainly be very challenging. But that's where the importance of a leader lies. The other challenges Chandrasekaran will have to face are the aftermath of the series of events that happened in the last two-and-a-half months. A turbulence of this kind has never happened earlier. It'll be challenging but also a learning experience as well for Chandrasekaran," Mehta added when asked the challenge that lie ahead for the newly-appointed chairman.

Naveen Raheja, Chairman and MD, Raheja Group, also hailed the move.

"It's the first time that Tata Sons have taken their home-grown chairman, who is not a Parsi and who is a thorough professional. So, I wish him all the best. I really hope that all the contorversies surrouding the company will be put to rest because he is a non-controversial face who has always performed and has always been coordinating with all companies under Tata Sons," Raheja said.

Earlier, Tata Sons announced that the Tata veteran, N Chandrasekaran will be the new chairman of the company. The selection panel comprised of Ratan Tata, Venu Srinivasan, Amit Chandra and Ronen Sen.

Chandrasekaran is currently the CEO and MD of IT company TCS, a position he has held since 2009. TCS is the tech flagship of the Tata Group and has touched $1 billion mark in profits for the first time in the recently announced third quarter results.

The apointment of Chandrasekaran came after Cyrus Mistry was replaced at short notice as the chairman of Tata Sons, the position he was appointed to in December 2012, on October 24, 2016. Ratan Tata, the previous chairman, was then appointed as interim chairman. Mistry's removal became one of the biggest corporate governance issues in India. (ANI)

Jaguar introduces 2.0l diesel derivative of Jaguar XE

Updated: May 23, 2017 06:13 IST     

Mumbai (Maharashtra) [India], May 23 (ANI): Jaguar Land Rover India yesterday announced the start of sales for the 2.0l diesel derivative of MY17 Jaguar XE in India at a starting price of Rs. 38.25 lakh, ex-showroom, Delhi.

Full Story >>

SRF limited announces Q4 and FY17 financial results

Updated: May 22, 2017 18:51 IST     

New Delhi [India], May 22 (ANI-NewsVoir): SRF Limited, a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2017 under Indian Accounting Standards (IndAS). The company's audited results were approved by the Board of Directors in a meeting held today in Gurgaon, Haryana.

Full Story >>

CBDT signs two more Unilateral APA's with Indian taxpayers

Updated: May 22, 2017 18:45 IST     

New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced entering into two Unilateral Advance Pricing Agreements (APA) with Indian taxpayers on May 4 and 11 respectively, out of which one agreement holds a rollback provision.

Full Story >>

Bangalore [India], May 22 (ANI-Businesswire India): Relocating household goods from one place/city to another can be really one of the most challenging, hectic and stressful events of life. Whether it is a local shift within the city of Bangalore or relocating home from this city to another city of India, it would be a complicated and time-consuming process for an individual to do it all alone. There are lots of hassles, tedious tasks and unpleasant issues involved with the process of relocation which can pester an individual badly. On the other hands, hiring services of one of the credible and competent packers and movers in Bangalore would be a great decision with respect to simplify the relocating process and turn the circumstance into the easygoing and smooth affair.

Full Story >>

New Delhi [India], May 22 (ANI): Online recruitment marketplace AasaanJobs on Monday announced the roll out of its 'Interview scheduling' feature for employers and candidates, which will allow employers to specify and pick different time slots for scheduling interviews with job aspirants.

Full Story >>

New Delhi [India], May 22 (ANI): Schneider Electric the global specialist in energy management and automation on Monday announced appointment of Venkatraman Swaminathan as the Vice-President, IT Division - India Zone.

Full Story >>

New Delhi [India], May 22 (ANI-NewsVoir): Pearl Academy, India's leading private institution in design, fashion, creative businesses and media, concluded its ten-day long campaign - #MumbaiByDesign which celebrated the quintessential Mumbai through a series of initiatives across the city.

Full Story >>

foodpanda raises USD 431.45 million from Naspers

Updated: May 22, 2017 15:30 IST     

New Delhi [India], May 22 (ANI): Online marketplace for food delivery foodpanda on Monday announced receiving of investment worth USD 431.45 million from global internet and entertainment group Naspers into its parent company Delivery Hero.

Full Story >>

New Delhi [India], May 22 (ANI): Fintech start-up Zeta, which offers digital employee benefits for tax optimisation, has tied up with Sodexo Benefits and Rewards India for administration of digital employee benefits in the country.

Full Story >>

Mumbai [India], May 22 (ANI-Businesswire India): The India Meteorological Department (IMD's) recent prediction of favourable monsoon in India is likely to have a positive impact for companies in the agricultural sector like Ruchi Soya Industries Limited.

Full Story >>

New Delhi [India], May 22 (ANI): As per the joint study conducted by ASSOCHAM and PwC, in India, about 10 to 15 percent of wastes produced by industries are hazardous and the generation of hazardous wastes is increasing at the rate of two to five percent per year.

Full Story >>

New Delhi [India], May 22 (ANI-NewsVoir): It's time for hunger pangs and cravings for home cooked food well, Noodles, Pastas, dosas, juices, smoothies and soups. Just name it and you will be up for making it! If your kitchen is equipped with the perfect Kitchen Appliances, making a variety of these scrumptious, healthy, fresh and hygienic dishes is no longer a time consuming process. "KENT Smart chef appliances" has introduced the all new and innovative KENT Noodles & Pasta Maker and KENT Turbo Grinder and Blender to cook healthy and cook fast.

Full Story >>

To land CPEC-linked jobs, more Pak students learning Chinese

Updated: May 22, 2017 12:41 IST     

Islamabad [Pakistan], May 22 (ANI): The impact of the China-Pakistan Economic Corridor project, it seems, is being felt in educational institutions in the country, for more and more than students have reportedly taken to learning the Chinese language for short and long term benefit.

Full Story >>

Maharashtra Assembly passes GST Bill

Updated: May 22, 2017 12:02 IST     

New Delhi [India], May 22 (ANI): The Maharashtra Assembly on Monday passed the Goods and Services Tax (GST) Bill in a session of its lower house.

Full Story >>

Bangalore [India], May 22 (ANI-Businesswire India): L&T Technology Services Limited, a leading global pure-play engineering services company, announced it has been positioned in the "Winners Circle" by HfS Research, The Services Research Company in

Full Story >>

Mumbai [India], May 22 (ANI-Businesswire India):Mumbai-based Omkar Realtors and Developers, a market leader in redevelopment and luxury residential projects, created history in India's real estate sector with a grand gathering of 1200-plus channel partners from across Mumbai, India, Dubai, GCC region, Singapore, Hong Kong who attended the promotional event by Omkar's for its new product offering 'SIGNET by Omkar', a project offering efficient and compact 1 and 2 BHKs at Malad East on Western Express Highway.

Full Story >>

MoS Finance confirms July 1 roll out of 'all-inclusive' GST

Updated: May 22, 2017 08:40 IST     

Bareily (Uttar Pradesh) [India], May 22 (ANI): Following up from the meeting of the Goods and Services Tax (GST) council on May 18 and 19, Minister of State for Finance Santosh Gangwar said the stage is set for the scheduled roll out of the GST Bill on July 1st.

Full Story >>

GST is Modi Govt.'s 'biggest achievement': ASSOCHAM

Updated: May 21, 2017 13:02 IST     

New Delhi [India], May 21 (ANI): With the roll out of the 'revolutionary' Goods and Services Tax bill scheduled for July 1, the ASSOCHAM has perceived this as the present government's 'biggest achievement', facilitating digitisation, financial and inclusion, while public investment on railways and power distribution infrastructure is set to change the structure of the economy, the chamber said.

Full Story >>

Omkar Realtors introduces 'SIGNET by Omkar'

Updated: May 20, 2017 17:46 IST     

Mumbai [India], May 20 (ANI-Businesswire India): Mumbai-based Omkar Realtors & Developers, a market leader in redevelopment and luxury residential projects, announced the launch of 'SIGNET by Omkar', a project offering efficient 1 and 2 BHK homes at Malad East on Western Express Highway.

Full Story >>

New Delhi [India], May 20 (ANI-NewsVoir): Policybazaar.com (twitter handle: @policybazaar_in), India's largest insurance website and comparison portal, has launched a new advertising campaign with the tagline "Cancer se ladai main insurance kaam aega" (insurance will come handy in fight against cancer).

Full Story >>