Changes

Jump to: navigation, search

Timeline of Tata Group

718 bytes added, 17:49, 19 November 2019
no edit summary
| 2008 || April || Acquisition || {{w:Tata Hitachi Construction Machinery|Telco Construction Equipment Company Limited]] (TELCON), a joint venture between {{w|Tata Motors}} and Japanese {{w|Hitachi Construction Machinery}}, acquires Comoplesa Lebrero SA, from {{w|Spain}}. || ||
|-
| 2008 || May || Acquisition || Tata Group acquires one-third stake of Italian {{w|Piaggio Aerospace}}.<ref>{{cite web |title=Tata buys one-third stake in Piaggio Aero |url=https://www.reuters.com/article/piaggio-tata/tata-buys-one-third-stake-in-piaggio-aero-idUSL14142220081001 |website=reuters.com |accessdate=1 October 2019}}</ref> || {{w|Aerospace}} ||
|-
| 2008 || June || Acquisition || {{w|Tata Communications}} acquires 50% of [[w:China Communications Services|China Enterprise Communications]].<ref>{{cite web |title=Tata Communications to acquire 50% of China Enterprise Communications |url=https://www.telegeography.com/products/commsupdate/articles/2008/06/18/tata-communications-to-acquire-50-of-china-enterprise-communications/ |website=telegeography.com |accessdate=22 September 2019}}</ref> || ||
| 2008 || October || Controversy || {{w|Singur Tata Nano controversy}}: {{w|Tata Motors}} decides to move out its [[w:tata nano:Nano Plant]] at {{w|Singur}}, and announces new plant at {{w|Sanand}} in {{w|Gujarat}}.<ref name="dfrd"/> || {{w|Automotive industry}} || {{w|Tata Motors}}
|-
| 2008 || November || Acquisition || {{w|NTT Docomo}} acquires 26.5% stake in {{w|Tata Teleservices}} and offers services under the {{w|Tata Docomo}} brand.<ref name="NTT says Tata-Docomo">{{cite web |title=NTT says Tata-Docomo row resolved, to invest $160 million in Netmagic |url=https://www.livemint.com/Industry/GfMcADvcbzfn0wWp0TUNKP/NTT-says-TataDocomo-row-resolved-to-invest-160-million-in.html |website=livemint.com |accessdate=22 September 2019}}</ref> || {{w|Telecommunications}} ||{{w|Tata Teleservices}}
|-
| 2009 || || Product || The first {{w|Tata Nano}} circulates the streets in India.<ref name="Tata Group"/> || {{w|Automotive industry}} || {{w|Tata Motors}}
|-
| 2009 || Mid-year || Foreign investment || {{w|NTT Docomo}} invests US$2.7 billion in {{w|Tata Teleservices}} wireless business on the understanding that if certain targets aren’t met in the next five years, the Tata would either discover a purchaser for the Japanese organization’s 26.5% stake at equitable esteem, or pay 50% portion of the first venture, whichever was higher. Expectations would not be met, with Tata faring badly in the next five years and unable to earn half of the profits expected. The partnership would end in a lawsuit.<ref name="A brief history of the Tata Group"/> || ||
| 2010 || April || Acquisition || {{w|Tata Group}} acquires Hewitt Robins International, a British manufacturer of bulk material handling vibratory equipments including screens and crushers.<ref>{{cite web |title=TRF acquires Hewitt Robins International |url=http://machinist.in/index.php?option=com_content&task=view&id=2703&Itemid=2 |website=machinist.in |accessdate=22 September 2019}}</ref>
|-
| 2010 || || Joint venture || {{w|Tata Tea}} announces joint venture with {{w|PepsiCo}} for health drinks.<ref name="Tata Global Beverages Ltds"/> || {{w|Non-alcoholic beverages}} || {{w|Tata Tea}}
|-
| 2011 || May 16 || Health || {{w|Ratan Tata}} innaugurates in {{w|Kolkata}} the Tata Medical Center, a comprehensive cancer care and treatment facility designed especially to serve the poor in the region.<ref>{{cite web |title=Tata Medical Center (TMC) |url=https://www.tata.com/community/health/tata-medical-center-tmc |website=tata.com |accessdate=2 October 2019}}</ref><ref name="The Complete Story"/> || {{w|Healthcare}} ||
|-
| 2011 || || Recognition || Tata is recognized as one of the 50 global brands.<ref name="Tata Group history is"/> || ||
| 2012 || || Leadership || {{w|Ratan Tata}} retires. {{w|Cyrus Mistry}} assumes position of chairman of {{w|Tata Group}}.<ref name="Tata Group"/><ref name="Tata Group history is"/> || ||
|-
| 2012 || October 19 || Joint venture || [[w:Tata Starbucks|Tata Starbucks Limited]] launches as a 50/50 joint venture between Starbucks Coffee Company and [[w:Tata Global Beverages|Tata Global Beverages Limited]]; and opens the first Starbucks store in India.<ref>{{cite web |title=Starbucks Opens Spectacular Flagship Store in Mumbai, Honoring the Dynamic Culture of India |url=https://stories.starbucks.com/stories/2012/starbucks-opens-spectacular-flagship-store-in-mumbai-honoring-the-dynamic-c/ |website=stories.starbucks.com |accessdate=21 September 2019}}</ref><ref name="The Complete Story"/> || {{w|Coffeehouse}} || {{w|Tata Starbucks}}
|-
| 2013 || July || Acquisition || {{w|Tata Consultancy Services}} acquires French enterprise solutions provider Alti SA.<ref>{{cite web |title=TCS acquires France's Alti SA for over Rs 530-cr |url=https://economictimes.indiatimes.com/tech/ites/tcs-acquires-frances-alti-sa-for-over-rs-530-cr/articleshow/21299291.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=21 September 2019}}</ref> || {{w|Information technology}} || {{w|Tata Consultancy Services}}
|-
| 2014 || June 12 || Joint venture || Bengaluru-headquartered airline {{w|AirAsia India}} starts operations as a joint venture between Tata and Malaysia's {{w|AirAsia Berhad}}.<ref>{{cite web |title=AirAsia India to double its fleet; plans to start international services by October |url=https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/airasia-india-to-double-its-fleet-plans-to-start-international-services-by-october/articleshow/69448209.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=21 September 2019}}</ref> || [[w:Civil aviation|Air transport services]] || {{w|AirAsia India}}
|-
| 2014 || April || Legal || {{w|NTT Docomo}} decides to exit the {{w|Tata Docomo}} venture but the Tatas oppose initially which leads to a legal battle between the two groups. On June 24, DOCOMO wins the ruling that orders Tata Sons to pay it US$1.3 billion to buy its stake in the mobile phone joint venture, Tata Teleservices.<ref name="A brief history of the Tata Group"/> <ref name="NTT says Tata-Docomo"/> || {{w|Telecommunications}} | | {{w|Tata Docomo}}
|-
| 2014 || December || Acquisition || {{w|Tata Power}} acquires Indian company Energy Products Limited.<ref>{{cite web |title=Tata Power ends pact to acquire Ideal Energy power assets |url=https://www.thehindu.com/news/cities/mumbai/business/Tata-Power-ends-pact-to-acquire-Ideal-Energy-power-assets/article14021240.ece |website=thehindu.com |accessdate=22 September 2019}}</ref> || {{w|Electricity generation}} || {{w|Tata Power}}
|-
| 2015 || January 9 || Joint venture || {{w|Vistara}} is founded as a joint venture between {{w|Tata Sons}} and {{w|Singapore Airlines}}.<ref>{{cite web |title=Tata SIA Airlines |url=https://www.tata.com/business/tata-sia-airlines-vistara |website=tata.com |accessdate=22 September 2019}}</ref><ref name="The Complete Story"/> || [[w:Civil aviation|Air transport services]] || {{w|Vistara}}
|-
| 2016 || May 26 || Subsidiary || E-commerce marketplace {{w|Tata Cliq}} launches.<ref>{{cite web |title=Tata CLiQ to launch e-wallet in 4-5 months|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/tata-cliq-to-launch-e-wallet-in-4-5-months/articleshow/61230972.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=19 September 2019}}</ref> || {{w|Online shopping}} || {{w|Tata Cliq}}
|-
| 2016 || June || Acquisition || {{w|Tata Power}} acquires Indian power company [[w:Welspun Energy|Welspun Renewables Energy]].<ref>{{cite web |title=Tata Power acquires Welspun Energy's renewable assets for Rs 10,000 crore |url=https://economictimes.indiatimes.com/industry/energy/power/tata-power-acquires-welspun-energys-renewable-assets-for-rs-10000-crore/articleshow/52718618.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=22 September 2019}}</ref> || {{w|Electricity generation}} || {{w|Tata Power}}
|-
| 2016 || October || Leadership || {{w|Cyrus Mistry}} is abruptly dismissed as chairman of Tata Group over disagreements with members of the Tata family regarding business strategy. {{w|Ratan Tata}} returns to the position on an interim basis.<ref name="Tata Group"/><ref name="Tata Group history is"/> || ||
| 2017 || January || Leadership || {{w|Natarjan Chandrasekaran}} becomes new chairman of the Tata Group.<ref name="Tata Group history is"/><ref name="Tata Group"/><ref name="The Complete Story"/> || ||
|-
| 2017 || June 12 || Sport || Indian professional football club {{w|Jamshedpur FC}} is created. It is owned by {{w|Tata Steel}}.<ref>{{cite web |title=Jamshedpur FC |url=https://theawayend.co/jamshedpur-fc/ |website=theawayend.co |accessdate=22 September 2019}}</ref> || {{w|Sport}} ||
|-
| 2017 || || Recognition || {{w|Tata Chemicals}} is ranked 1st in 2017 Responsible Business Rankings developed by {{w|IIM Udaipur}}.<ref>{{cite web |title=Are businesses becoming more responsible? |url=https://www.livemint.com/Companies/On9CQsdu0JbpqmVaQ1zUBM/Are-businesses-becoming-more-responsible.html |website=livemint.com |accessdate=18 September 2019}}</ref> || [[w:Chemical industry|Chemicals]] || {{w|Tata Chemicals}}
|-
| 2018 || || Joint venture || {{w|Tata Steel}} and {{w|Thyssenkrupp}} sign deal to launch a joint venture with the plan to merge their steel businesses in Europe.<ref name="The Complete Story"/> In 2019, the plan would be rejected by {{w|EU}} antitrust regulators.<ref>{{cite web |title=EU regulators block Thyssenkrupp, Tata Steel joint venture |url=https://www.reuters.com/article/us-thyssenkrupp-m-a-tata-steel-eu/eu-regulators-block-thyssenkrupp-tata-steel-joint-venture-idUSKCN1TC18E |website=reuters.com |accessdate=18 October 2019}}</ref><ref>{{cite web |title=Tata Steel, Thyssenkrupp set to abandon JV plans in Europe |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-thyssenkrupp-set-to-abandon-jv-plans-in-europe/articleshow/69268675.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=18 October 2019}}</ref> || {{w|Steel Industry}} || {{w|Tata Steel}}
|-
| 2018 || May || Acquisition || {{w| Tata Steel}} acquires Bhushan Steel Limited and renames it {{w|Tata Steel BSL}}.<ref>{{cite web |title=Bhushan Steel Limited is Tata Steel BSL Limited now |url=https://www.tatasteel.com/media/newsroom/press-releases/india/2018/bhushan-steel-limited-is-tata-steel-bsl-limited-now/ |website=tatasteel.com |accessdate=21 September 2019}}</ref> || {{w|Steel Industry}} | |{{w|Tata Steel}}
|-
| 2018 || || Financial || {{w|Tata Consultancy Services}} becomes the first Indian {{w|Information technology}} to reach US$100 billion market capitalization.<ref name="Tata Group history is"/> || {{w|Information technology}} || {{w|Tata Consultancy Services}}
|-
|}
23,330
edits

Navigation menu