Business
Tata Group’s future growth will hinge on four themes
N Chandrasekaran, Chairman of Tata Group, said that the future growth strategy of Tata Group will be based on four themes-digitalization, new energy, supply chain flexibility and health.
“Our company is already adapting to these changes… Our new pilots and businesses, from 5G to TataNeu and Tata Electronics, are ready to benefit from our future themes,” Chandrasekaran’s New Year message to group company employees on Monday Said in.
“As a company, we can play our role in the development of India, and its ambition is to become an economy worth 3 trillion US dollars by 2024,” he said, noting that the International Monetary Fund (IMF) predicts the Indian economy It will increase by 8.5% this fiscal year, which is much higher than the global average of 4.9%. He said that its “3S” strategy-simplification, synergy and scale-helped the group become simpler and financially stronger than it has been in the long term.
“The group must continue to push itself to be simpler, more sustainable, and more technologically advanced. If we do this, we can push our company and the country forward.”
Looking back on 2021, Chandrasekaran said: “Our most important milestone this year is our victory in Air India. This is indeed a historic moment in the future.” He said that the group is addressing the carbon footprint and positioning the company to learn from revolutionary new technologies. Good progress has been made in terms of benefit, and he added that the group company not only performed well in terms of financial performance, but also performed well in implementing the transformation agenda.
The chairman thanked the employees of Tata Group and their families for their selfless efforts in the second wave of pandemic. “We have met the challenge and demonstrated the courage and selflessness in the Tata spirit. We have provided oxygen to the hospital and expanded medical care capabilities so that more people can get the treatment they need.”
Although India’s vaccination program has established a huge protective wall, and Omicron infection appears to be mild, Chandrasekaran warned employees not to relax their vigilance and urged them to follow the latest health regulations, including booster injections when they have time.
“All ambitions depend on a more immediate problem: learning to coexist with the coronavirus. Businesses and society must adapt to it by preparing as much as possible for new outbreaks and mutations,” he said.
“I am optimistic about what we can do in the next few years,” he wrote. “Recent success has provided a great development platform for our team. I am excited about the heights I know we can reach, not only economically, but also in terms of the changes we can bring to the community. We can , Sustainability and skills development to set new standards.”
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india
Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’
Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.
As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.
Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.
Congress demands JPC probe
Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.
ALSO READ- At 65.2%, Maharashtra records highest voter turnout since 1995 assembly election
Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.
He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.
The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.
“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.
Other Oppn leaders join attack
Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.
Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.
ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%
Adani stocks latest updates
The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.
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