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Tatas see exits of senior executives amid corona storm | India News

MUMBAI/CHENNAI: Several familiar faces at the Tata Group are exiting the country’s largest conglomerate amid a business upheaval and challenges caused by the pandemic.
The design head of the group’s flagship Tata Motors, Pratap Bose, is leaving after a 14-year stint even as the homegrown automobile major searches for a CEO candidate to replace Guenter Butschek, who is on an extension till June-end. Richa Sharma of Tata Consumer Products too is on her way out after leading its packaged foods business for seven years.
While Bose and Sharma are heading for greener pastures, others like TCS, Titan and Tata Elxsi’s chief financial officers V Ramakrishnan, S Subramaniam and Muralidharan H V, respectively, are superannuating. Recently, Renu Basu retired as senior VP (sales & marketing) at Indian Hotels Company (Taj) after more than a two-decade stint. ....

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Tatas see exits of senior executives amid corona storm

MUMBAI/CHENNAI: Several familiar faces at the Tata Group are exiting the country’s largest conglomerate amid a business upheaval and challenges caused by the pandemic.
The design head of the group’s flagship Tata Motors, Pratap Bose, is leaving after a 14-year stint even as the homegrown automobile major searches for a CEO candidate to replace Guenter Butschek, who is on an extension till June-end. Richa Sharma of Tata Consumer Products too is on her way out after leading its packaged foods business for seven years.
While Bose and Sharma are heading for greener pastures, others like TCS, Titan and Tata Elxsi’s chief financial officers V Ramakrishnan, S Subramaniam and Muralidharan H V, respectively, are superannuating. Recently, Renu Basu retired as senior VP (sales & marketing) at Indian Hotels Company (Taj) after more than a two-decade stint. ....

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Tata Group sees long term senior executives exit amid coronavirus storm

Tata Group sees long term senior executives exit amid coronavirus storm
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Synopsis
The design head of the group’s flagship Tata Motors, Pratap Bose, is leaving after a 14-year stint even as the homegrown automobile major searches for a CEO candidate to replace Guenter Butschek, who is on an extension till June-end. Richa Sharma of Tata Consumer Products too is on her way out after leading its packaged foods business for seven years.
(This story originally appeared in
on Apr 29, 2021)Several familiar faces at the Tata Group are exiting the country’s largest conglomerate amid a business upheaval and challenges caused by the pandemic. ....

United Kingdom , Pratap Bose , Guenter Butschek , Noel Tata , Tata Elxsi , Richa Sharma , Renu Basu , Ratan Tata , Tata Motors , Tata International , Tata Group , Indian Hotels Company Taj , Tata Investment Corporation , Tata Consumer Products , Indian Hotels Company , Tata Investment , Tata Chemicals , Tata Consumer , ஒன்றுபட்டது கிஂக்டம் , பிரதாப் போஸ் , நோயல் டாடா , ரிச்சா ஷர்மா , ரேணு பாசு , ரட்ன் டாடா , டாடா மோட்டார்கள் , டாடா சர்வதேச ,

HVS Musings: Hotel Transactions in India in 2020 | By Akash Datta & Dipti Mohan – Hospitality Net

Akash Datta
Hotel transactions value in India contracted by approximately 50% to reach INR24,611 million (approx. US$332 million) in 2020 compared to INR49,372 million (approx. US$690 million) in 2019, but was still higher than the previous peak of INR19,929 million achieved in 2015.
Going into 2020, mergers & acquisitions (M&A) activity in the sector was expected to be stronger than that witnessed in 2019. The year began on the right note with Chalet Hotels signing an agreement to acquire the Novotel in Pune and private equity firm Blackstone receiving approval to acquire the Trident hotel in Hyderabad under the bankruptcy law.
However, due to the uncertain market conditions, and challenges related to conducting due diligence and closing deals on virtual platforms because of the COVID-19 lockdown and restrictions, companies adopted a wait-and-watch policy, deferring their M&A plans, especially during the second and third quarter of the year. As per media reports, the ....

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