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Tata Consulting Engineers (TCE), which has been associated with the country's nuclear programme for over five decades, feels it is time for the Department of Atomic Energy (DAE) to focus on strategic objectives and work more with the private sector on the energy front, according to a top company official. The city-headquartered DAE should take some inspiration from its state-run space counterpart Indian Space Research Organisation (ISRO), which has helped accelerate the pace of growth for the private sector, TCE's managing director and chief executive Amit Sharma said. "DAE was formed for national strategic objectives, not to produce electricity... It should retain that core identity and let the private sector completely work on nuclear (energy)," Sharma told PTI. Facilities like labs at Mumbai's Bhabha Atomic Research Centre (BARC) should be made available to the private sector for testing their concepts, Sharma said, adding that other countries, including China, the US and South .
Tata Consumer Products Ltd (TCPL) expects to maintain double-digit revenue growth in FY27, driven by healthy consumer demand, strong volume-led expansion and continued momentum from its fast-growing food and beverage businesses, MD & CEO Sunil D'Souza said. The Tata Group FMCG major, which reported a 12 per cent rise in revenue, 19 per cent growth in EBITDA and a 29 per cent increase in net profit in the June quarter, also said it may take 'calibrated price' hikes across select categories if elevated commodity, packaging and energy costs persist. "We expect consumption demand to remain healthy. The better part of the growth is that it is volume-led across categories, which indicates underlying consumer demand," D'Souza told PTI in an interview. According to him, the recent recovery in consumer demand has been aided by measures such as income tax relief, GST recalibration and continued government capital expenditure. "The whole trend for the FMCG space is very heartening because ...
The Tata Sons annual general meeting scheduled for August 18 may not take place after Sir Ratan Tata Trust, a key shareholder in the holding company of the Tata Group, was unable to nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner, people familiar with the matter said. The meeting is scheduled to consider, among other matters, the directorship of Tata Sons Chairman N Chandrasekaran, who has decided not to seek another term when his current tenure ends in February. Tata Sons has not communicated any change in the scheduled AGM date to shareholders, the people said. Latest indications are that the company plans to proceed with the meeting but could adjourn it if the required quorum is not achieved. The problem stems from the inability of the Sir Ratan Tata Trust (SRTT) - which holds a 23.56 per cent stake in Tata Sons - to hold a board meeting because of an order issued by the Maharashtra Charity Commissioner in May pending an ..