Tata Teleservices

Timelines

18 Feb 2020

Telcos partially pay government dues; 'slim hope' for Vodafone-Idea

Ailing telecom companies have paid their dues linked to adjusted gross revenue (AGR) in part to the government.

14 Feb 2020

Is there no law in country: SC asks telecom companies

The Supreme Court was mighty furious on Friday and issued show-cause notices to telecom companies over their failure to clear Adjusted Gross Revenue (AGR) dues.

10 Jan 2020

SC stays NCLAT order reinstating Cyrus Mistry as Tata Chairperson

Weeks after the National Company Law Appellate Tribunal (NCLAT) reinstated Cyrus Mistry as the Executive Chairperson of Tata Group, the Supreme Court stayed the tribunal's order citing "basic errors" in it.

27 Dec 2018

HDFC Group briefly overtook Tata Group as India's most-valued conglomerate

Following Wednesday's trading session, the Tata Group lost the distinction of being the most valuable conglomerate in India.

15 Nov 2017

Telecom mass layoffs: 75,000 employees lost jobs in one year

Thousands of people working in India's telecom industry are grappling with massive job losses. The sector lost a fourth of its three-lakh workforce in the last 12 months.

13 Nov 2017

Vodafone, Idea to sell mobile-towers to ATC for Rs. 7,850cr

Ahead of their merger, Vodafone India and Idea Cellular have signed an agreement with a subsidiary of American Tower Corporation (ATC) separately to sell their respective standalone mobile tower businesses for Rs. 7850cr (combined).

01 Nov 2017

Tata pays $1.2bn penalty to Japan's NTT-DoCoMo, ending 3-year dispute

Settling its three-year-long dispute with NTT DoCoMo, Tata Sons has paid $1.2bn (144.9bn Yen) to the Japanese telco to put an end to the bitter feud over their Indian telecom joint venture, Tata DoCoMo.

25 Oct 2017

Bad news, Jio users! Another tariff hike likely in January

Reliance Jio users may have to pay more for data services as the telco is likely to increase tariffs every few months, says US-based Goldman Sachs.

12 Oct 2017

Tata Teleservices to merge with Airtel on 'cash-free, debt-free' basis

India's largest telco Bharti Airtel will be absorbing Tata Teleservices, Tata Group's struggling telecom business.

29 Jun 2017

Indian telecom sector will become a four-operator market, says survey

The Telecom sector is currently going through a big reshuffle. Reliance Jio has majorly disrupted the already financially ailing sector.

22 Feb 2017

Chandrasekaran announces strategic priorities for Tata Sons

On his first day in office, Tata Sons Ltd's new chairman Natarajan Chandrasekaran outlined three strategic priorities for the group: bring the group closer and leverage collective strength; reinforce a leader's mindset in operating companies for greater rigour to capital allocation and deliver superior returns to shareholders.

21 Jan 2017

Tata's new Chairman Chandrasekaran's litmus test

Chandrasekaran's appointment as group chairman is being keenly watched by industry leaders.

20 Jan 2017

Telecom spectrum holdings to rise

Telecom secretary J.S. Deepak stated that due to structural changes and consolidation, the telecom spectrum holding for all operators will rise to 40MHz from 18MHz in 2017.

14 Nov 2016

Mistry defends independent directors

Cyrus Mistry lambasted Tata Sons for questioning the loyalty of the independent directors of Indian Hotels Limited and Tata Chemicals; Mistry contended that six out of the nine directors were appointed under Ratan Tata's leadership and two were trustees of the Ratan Tata Trust.

13 Nov 2016

2 unions of Tata Motors support Ratan Tata

Two unions of Tata Motors, representing over 16,000 workers, came out in support of Ratan Tata ahead of a board meeting of the company.

12 Nov 2016

Mistry still Tata Steel head; Board deeply divided on Mistry

At the Tata Steel board meeting, independent directors remained split on the question of supporting Chairman Cyrus Mistry.

11 Nov 2016

Tata's attempt to remove Mistry from all group companies.

After removing Cyrus Mistry from the board of Tata Consultancy Services, the Tata Sons group is making attempts to remove Mistry from the boards of all group companies.

10 Nov 2016

TCS: Mistry to be replaced by Ishaat Hussain

Tata Sons has directed their group company Tata Consultancy Services to appoint Ishaat Hussain as their new interim chairman in place of Cyrus Mistry.

08 Nov 2016

Govt to take stock of Tata-Mistry dispute

Finance Minister Arun Jaitley has summoned the independent directors of Tata Group Companies to take stock of the fall-out of the Tata-Mistry split.

05 Nov 2016

Indian Hotels Company's 6 directors publicly repose faith in Mistry

6 independent directors of Indian Hotels Company (IHCL) publicly showed faith in Cyrus Mistry's management ahead of the scheduled board meeting.

04 Nov 2016

Turbulent times continue at Tatas

Sources stated that the Mistry family does not wish to sell the 18.5% stake it has in Tata Sons.

02 Nov 2016

Mistry remains chairman of 2 Tata group units

The Tata empire seemed to be in jeopardy as Cyrus Mistry remained the chairman of 2 group units; Tata Sons doesn't hold a majority in Tata Power and Tata Motors.

31 Oct 2016

Mistry may be covered by Tata Director's Insurance

Reports indicate that Cyrus Mistry may be covered by a Director's insurance policy purchased by Tata sons, to protect top level management from legal action initiated by shareholders, employees or authorities.

30 Oct 2016

More resignations; Tata, Mistry meet PM

Tata Public Affairs Head Madhu Kannan and Group Strategy Executive Nirmalya Kumar resigned in solidarity with Cyrus Mistry.

28 Oct 2016

Tata loses over Rs.44,000 crore market cap in 3 days

Amid the ongoing controversy surrounding Cyrus Mistry's hurried exit from Tata, the company lost over Rs.44,000 crore worth of market capitalization in just 3 days.