OREANDA-NEWS. May 10, 2011. The Tata group refutes the factually incorrect story that appeared in Bombay Times:

Mr Ratan Tata and the Tata group have never been associated with the entertainment industry as has been claimed in the article. The film mentioned in the article, titled ‘Aetbaar’, which was released in 2004, was produced by the company which had been sold by the Tata group in September 2003.

The Tata group has no plans to enter the Indian entertainment industry.

The Tata group has no plans to fund any musical or films nor have any meetings taken place with film-makers.

There is no project under consideration to make a film titled ‘Nano’.

The story is incorrect, mischievous and contrary to all facts. It is regretted that the publication did not check the authenticity of their information before going to press.