TATA GROUP JOB FRAUD
Over 200 Air India staff sent to sites for support work
Following Thursday's tragic plane crash, Air India and Tata Sons have swiftly mobilized support for affected families, deploying teams to key sites for coordination and assistance. Chairman N Chandrasekaran expressed deep sorrow, emphasizing the company's commitment to understanding the cause and cooperating fully with investigative teams from India, the UK, and the US.
Tata's Chandrasekaran meets board & key group company CEOs
Tata Group Chairman N Chandrasekaran convened an urgent meeting following the Air India Boeing 787-8 Dreamliner crash in Ahmedabad. The meeting briefed Tata Sons board and key CEOs on the incident, investigations, and support for affected passengers.
ED restores Rs 1,000 cr worth assets to Andhra govt to help Ponzi victims
The Enforcement Directorate has restored assets worth Rs 7,000 crore to the Andhra Pradesh government, recovering funds duped from investors in the Agri Gold Ponzi scheme. This action follows an earlier restoration of Rs 3,339 crore, aiming to compensate the scheme's 19 lakh customers who were promised high returns on real estate investments.
Air India crash: One of the darkest days in Tata Group’s history, will not retreat from responsibilities, says N Chandrasekaran
Following the tragic Air India crash that claimed over 265 lives, Tata Sons Chairman N Chandrasekaran affirmed the group's commitment to its responsibilities. He emphasized that the Tata Group will not retreat from doing what is right during this difficult time.
Air India plane crash: Tata Group calls in Boeing, GE for technical support
The Tata Group is bringing in top experts from Boeing and GE Aerospace to Ahmedabad to support the government's ongoing investigation into the tragic crash of an Air India Boeing 787-8 Dreamliner—one of the most advanced passenger aircraft in operation.
Air India's troubles under the Tata Group as crash creates its biggest crisis
An Air India plane crashed, resulting in over 240 fatalities. This incident presents a major setback to the airline's revival plans after Tata Group's takeover in January 2022. Since then, Air India has faced various challenges. These include regulatory fines, technical issues, and supply chain delays.
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Deadly Air India crash puts ambitious turnaround plans at risk
Air India's ambitious turnaround, following its acquisition by Tata Group, faces a significant setback after a fatal plane crash. The incident, involving a Boeing 787-8 Dreamliner, threatens the airline's progress toward profitability and has sparked renewed scrutiny of its maintenance and service standards.
UK migrant carers 'owed huge sums' in visa scheme 'scandal'
A UK initiative to recruit overseas care workers to address staffing shortages has backfired, leaving many jobless, homeless, and in debt due to exploitation by rogue agencies. Lured by promises of employment, they face illegal fees and potential deportation.
The longest-serving legislative leader in US history will be sentenced on corruption charges
Michael Madigan, the former Illinois House Speaker, faces sentencing Friday after being convicted on bribery, conspiracy, and wire fraud charges. Prosecutors seek a 12 1/2-year prison term for Madigan's role in a scheme that exchanged legislative favors for personal gain.
Poundland sold for £1 as store closures and job losses loom
UK discount retailer Poundland has a new owner. Gordon Brothers, a US firm, bought it from Pepco Group for a nominal fee. The deal includes over 800 stores and 16,000 employees. Poundland faces challenges like rising costs and competition. Restructuring is planned, potentially involving store closures. Pepco will still provide financial support and retain a minority stake.
Air India's long history as it faces crisis of Ahmedabad crash
At least 30 people were killed when an Air India Boeing 787 Dreamliner crashed moments after takeoff from Ahmedabad on Thursday. The flight was bound for London Gatwick. The incident has cast a spotlight on the carrier's long and complex history.
Lokpal seeks CBI, ED officers to join its inquiry wing
The Lokpal is seeking experienced officers from CBI, ED, and other agencies to join its inquiry wing on deputation. This initiative, following a Lokpal meeting on August 30, aims to strengthen the investigation of corruption cases under the Prevention of Corruption Act, 1988. Vacancies include positions for deputy director/SP, inquiry/investigation officers, and personal assistants.
From rags to rallies: Tata's B team delivers up to 49% returns in 3 months, outshining bluechips
After a weak start to 2025, Tata Group stocks have rebounded sharply in the past three months, with 16 companies posting double-digit gains. The rally has been led by lesser-known names like Automobile Corporation of Goa and Rallis India, while tech, consumption, and large-cap players like Tata Elxsi, Trent, Tata Motors, and Titan also contributed to the momentum.
Zara India posts weakest sales growth in FY25 amid rising market competition; net profit up 23%
Inditex Trent, the Tata-Inditex joint venture operating Zara in India, recorded its slowest sales growth in FY25, with revenue rising just 0.4% to ₹2,782 crore—its weakest performance since launch, excluding the pandemic year. Net profit rose 23% to ₹299 crore. The slowdown comes amid stiff competition and inflation-driven cuts in discretionary spending.
Airtel's AI system blocks 1.80 lakh malicious links, safeguards 3 million users
In a statement, Bharti Airtel said, "Automatically enabled for all Airtel mobile and broadband customers, the advanced system scans and filters links across SMS, WhatsApp, Telegram, Facebook, Instagram, E-mail and other browsers. It leverages real-time threat intelligence to examine over 1 billion URLs daily and blocks access to harmful sites in under 100 milliseconds."
IIM Ahmedabad employee fooled in Rs 50 lakh bogus SME IPO pitch via WhatsApp trading scam
An IIM-Ahmedabad manager was swindled out of nearly Rs 50 lakh in an elaborate online trading scam. Lured through a Facebook link to a WhatsApp group offering stock market tips, the victim invested in a bogus IPO scheme via a fraudulent mobile app.
Valmiki Scam: ED searches premises of Congress MP, 3 MLAs in Ballari, Bengaluru; CM says he’s okay if they are lawful
Chief Minister Siddaramaiah affirmed that the state would not obstruct lawful ED searches. The ED conducted searches on premises linked to a Congress MP and three MLAs. This relates to the diversion of funds from Karnataka Maharshi Valmiki ST Development Corporation. Allegedly, funds meant for scheduled tribes were fraudulently siphoned off from Union Bank of India.
GQG’s Jain cuts AI exposure on data centre woes, backs utilities
Rajiv Jain, who runs the $23 billion GQG Emerging Markets Fund, is cutting back on AI-related investments. This is due to concerns that the demand for data centres is not as strong as it seems. Instead, he prefers utility companies, which he believes will grow as more money is spent on power and energy networks.
New directors set to board Tata Sons with ₹30,000 crore and new priorities in focus
Tata Sons plans board changes as directors retire. Ralf Speth will step down, and Leo Puri already quit. TV Narendran is a contender for a board seat. Ajay Piramal will retire next year. Tata Sons invests heavily in emerging sectors like Tata Digital and Air India. The company also surrendered its RBI registration.
These 2 Tata Group companies to trade ex-dividend from Thursday. Do you own?
Tata Chemicals and Trent are set to go ex-dividend on June 11, 2025, presenting a final opportunity for investors to receive payouts. Tata Chemicals declared a dividend of Rs 11 per share, while Trent announced Rs 5 per share. To be eligible, investors must purchase shares before the ex-dividend date, with payments scheduled for July 2025.
Tata Electronics sends hundreds of staff to Taiwan for semicon training
Sources told us that the electronics arm of the Tata Group has sent “a couple of hundred” employees to its technology partner Powerchip Semiconductor Manufacturing Corporation (PSMC) for hands-on training in the specialised skills needed to operate the upcoming fab in Dholera.
'Office ke bahar 10 bande le aaunga': Delhi employer’s hiring nightmare as new recruit demands one-day salary
A Delhi employer shared a troubling hiring experience where a newly recruited worker made repeated excuses, asked for money citing health issues, and then demanded one-day salary after being terminated. The situation escalated when the employee allegedly threatened to bring “10 men” outside the office, leaving the employer feeling unsafe and helpless.
India's real jobs action moves out of metro centres
Recent data has revealed a significant increase in job openings in tier-2 cities, with hiring rates more than doubling those in metropolitan areas. The Randstad Talent Insights Report 2025 highlights key sectors such as BFSI, manufacturing, retail, and IT driving this trend.
Stocks in news: HDFC Bank, Suzlon Energy, Tata Steel, BEL, MCX
HDFC Bank Share: Markets closed the week positively, buoyed by favorable domestic factors. HDFC Bank will pursue legal action against allegations from the LKMM Trust. Suzlon Energy's promoters are expected to sell a significant number of shares, while Tata Steel anticipates commencing its low-carbon project in the UK by 2025.
Airtel MD writes to banks, NPCI, RBI to join forces against digital frauds; moots collaborative measures
Airtel is proactively seeking collaboration with banks, RBI, and NPCI to combat rising digital fraud. They've proposed a unified front, including a shared repository of fraudulent financial domains for proactive blocking of malicious sites. Airtel also advocates for regulatory oversight of OTT platforms and joint public awareness campaigns.
US markets, FII action among 7 factors that can steer D-Street this week
Nifty formed a bullish engulfing pattern, signaling strength as it eyes a breakout above 25,100. RBI’s surprise rate cut lifted equities and the rupee, while FIIs turned net sellers for June. Key corporate actions, SME IPOs, and crude oil trends will guide market sentiment this week. Tata and Adani Group stocks are in focus for dividend-related movements.
4 held for duping people by promising them jobs in Tata's semiconductor unit in Assam: Police
In Assam's Morigaon district, police arrested four individuals, including a college lecturer, for allegedly defrauding people with false promises of jobs at the upcoming Tata semiconductor unit. The accused, led by a mastermind posing as an engineer, collected significant sums from aspirants, offering fake appointment letters and exploiting unemployed youths in Nagaon and Morigaon.
Corporate action: 10 stocks from Tata, Adani Groups to trade ex-dividend next week. Check details
In the upcoming week, 10 key stocks from Tata and Adani Groups will trade ex-dividend, offering investors dividend payouts. Tata’s Nelco, Tata Investment Corporation, Tata Elxsi, Tata Chemicals, and Trent join Adani’s ACC, Adani Enterprises, Adani Ports & SEZ, Ambuja Cements, and Adani Total Gas on the list.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
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