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TATA Group is planning to invest US$90 billion by 2027 in new industries such as electric vehicles, semiconductors, renewable energy, batteries and ecommerce. As per the group's new strategy, it intends to set up these manufacturing units in India itself, rather than focusing on international market.  TATA has been expanding its presence in aviation industry, having recently acquired  Air India for INR 18,000 crore (approx US$2.25 billion at current rate). The group has already made advances in various fast growing industries such as electric cars, and renewable energy, electronics.    The group is now looking at venturing into semiconductor business which has garnered interest from few large corporates considering the global shortage of chips as well as Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing.  The Union Finance Minister had recently urged the private sector to let go of its apprehension about commiting large investmen...

India has been shocked by the untimely and accidental death of one of the billionaires, Cyrus Mistry. He was not just a business tycoon, but a business tycoon belonging to TATA group of companies. Once, he held the position of the chairman of Tata Group from 2012 to 2016.  His net worth was close to US $29 billion at the time of his death, while he owned 18.4% stake in Tata Sons. This introduction is enough to describe his importance and popularity across all socio-economic groups in the country.  Such a big man dies a gruesome death in a car accident. Not wearing belt could be a contributing factor. At 54, he died on Sunday, when the car, he was travelling in, hit a divider on a highway between Gujarat and Mumbai, near Palghar. There were four people in the car, including 55 years old top Gynaecologist Anahita Pandole (who was at the wheel), her 60 years old husband Darius Pandole (next to driver's seat), his brother Jehangir Pandole on the backseat along with Mistry.  T...