Sign In
Learn bits
Today in News
Mahesh

25/04/23 13:53 PM IST

Ratan Tata awarded Australia's highest civilian honour

In News
  • The business tycoon, Ratan Tata, a name that is also known for philanthropy and humanity has been conferred with Australia’s highest civilian honour.
Why this Honour?
  • The 85-year-old played a critical role in the 2022 India-Australia Economic Cooperation and Trade Agreement, while Tata Consultancy Services (TCS) reportedly employs the biggest Australian workforce of any Indian firm with about 17,000 employees.
  • The honour comes a month after the business magnate was appointed as an Honorary Officer in the General Division of the Order of Australia (AO) for his service to fostering Indo-Aus ties, specifically in trade, investment, and philanthropy.
  • Ratan Tata is also a 2008 recipient of India’s second-highest civilian award, the Padma Vibhushan.
Tata Group
  • Tata Group is India’s multinational conglomerate headquartered in Mumbai and is known to Indians for generations.
  • The name Tata itself is synonymous with the Indian industry. This company is also known and recognised worldwide.
  • With more than 900,000 employees working in different sectors of the Tata Group, it is India’s third largest employer after the Indian Railways and Indian Defence Forces.
  • The founder of the Tata Group, Jamsetji Tata is often referred to as the ‘father of Indian industry’. 
  • In 1945, when management as a discipline was not fully developed even in Western countries, the Tatas set up Tata Industries, the first technocratic structure in Indian business.
  • In 1981, Tata Chemicals became one of the first companies in India to provide employee stock options.
  • In 1952, Tatas started the Lakme brand of cosmetics as an outcome of a request from Prime Minster Jawaharlal Nehru’s office.
Source- Indian Express

More Related Current Affairs View All

18 Aug

Impact of Ethanol Blending

'E20 petrol, which contains 20% ethanol and is being sold by Indian oil refiners, has been much in the news lately. ' India has achieved its target to blend 20% ethanol per litr

Read More

18 Aug

Uttar Pradesh govt want to take over the 150-year old Krishna shrine

'The Banke Bihari Temple Trust Bill, 2025 was introduced in the Uttar Pradesh Assembly recently.' The Bill allows the formation of a board of government-appointed trustees, incl

Read More

18 Aug

Uttarakhand’s Bill against forced religious conversion

'The Uttarakhand Cabinet approved making the legal provisions against forced religious conversion more stringent in the state, including by raising the duration of jail sentences a

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps