‘NATION THAT HAS BIGGEST ADVANTAGE IN WORLD TODAY IS...’ - TATA SONS CHAIRMAN N CHANDRASEKARAN BULLISH ON INDIA - HIGHLIGHTS

Tata Sons Chairman Speech: Tata Sons Chairman, N Chandrasekaran spoke at length about various themes and shared his outlook on India’s growth. He spoke about the Integrated Quality Management System and how it helped Tata Consultancy Services in achieving success. He also spoke about the state of geopolitics and how India is redefining its role.

He also emphasised on two key themes, one being Artificial Intelligence and the other being energy transition. He added that India has the biggest advantage and there’s no better examples of public service delivery than those in India. The Chairman also talked about India’s vast potential for renewable energy.

Here are some key points from the Tata Sons Chairman’s speech:

  • Tata’s Management came up with Integrated Quality Management System(IQM) in the late 90s.
  • IQMS helped TCS become a global firm; was later adopted by other Indian companies.
  • Globally the current geopolitics is getting more complex.
  • Big economies like US, China redefining their rules; India too is defining it's role.
  • Key themes include Al which govts, people need to adopt; second theme is energy transition.
  • Deadline to move to environmental friendly world needs to move at quicker pace.
  • Resilient supply chains will be fundamental to global businesses.
  • Nation that has biggest advantage in world today is India.
  • No better examples to do public service delivery than those in India.
  • Capacity required for India from next 25 years enormous.
  • There is huge potential for renewable energy.
  • This is a India plus model; India businesses need to be quality focused.
  • I can't overemphasize relevance of quality.

Tata Sons IPO

The Tata Group has sought a waiver from the apex banking body, the Reserve Bank of India (RBI). The company is seeking a waiver to avoid listing its holding company and non-banking finance firm, according to a report by Bloomberg. The report mentioned that a group has filed a formal request to RBI to avoid having to list its holding company stating that it has repaid much of its debt.

The regulations revised by the RBI in October 2021 state that it is mandatory for large non-banking finance companies (NBFCs) to list their shares within three years. In order to meet comply with RBI’s revised regulations, Tata Sons will have to be listed on or before September 2025. In September 2022, Tata Sons was put under the NBFC-UL category. According to an Economic Times report, Tata Sons was exploring the opportunity to be exempted from the 2021 regulation.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

RISE with India - FOLLOW ET NOW WhatsApp channel!

https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K

ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!

2024-04-19T15:31:27Z dg43tfdfdgfd