The announcement is coming after the Competition Commission of India (CCI) gave an approval to Tata Electronics to acquire the majority stake in the company
Tata Technologies share price slumped 3.39 per cent, while also hitting its 52-week low at Rs 789 a piece and on the BSE in Wednesday's intraday trade
Consolidated profit after tax fell marginally to Rs 169 crore ($19.52 million) in the October-December quarter, from Rs 170 crore a year ago
The uptick in the Tata Technologies share price came in anticipation of the December quarter of financial year 2025 (Q3FY25) results
Q3 FY25 company results, January 21: Tata Technologies, IndiaMART, South Indian Bank, UCO Bank, Dalmia Bharat will be releasing their earnings report for the Oct-Dec quarter today
The uptick in share price came after Tata Technologies and Telechips announced a strategic partnership at CES 2025 to revolutionise vehicle software solutions for next-generation SDVs
The Competition Commission of India (CCI) on Tuesday approved Tata Electronics' proposal to acquire a majority stake in Apple's contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd (TEPL) is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers. The proposed combination envisages TEPL to acquire the majority shareholding of Pegatron India in two tranches, CCI said in a release. TEPL, through Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India), is also engaged in the provision of electronics manufacturing services (EMS) for smartphones. The fair trade regulator also granted nod to Tata Electronics to transfer the business undertaking of TEL Components, an wholly-owned subsidiary of TEPL, to Pegatron India. "Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt Ltd (Pegatron India) by Tata Electronics Pvt Ltd (TEPL)
The partnership will leverage Tata Technologies' deep expertise in automotive software engineering and integration of next-gen technologies
Sensex hit 79,020 in intra-day trade today, falling 3.79 per cent or 3,113.12 points in four trading days from the level of 82,133 touched on Friday, December 13
Tripura Chief Minister Manik Saha said the state government has signed a Memorandum of Agreement (MoA) with Tata Technologies Ltd on Wednesday to upgrade 19 Industrial Training Institutes (ITIs) in the northeastern state. Of the Rs 683.27 crore upgradation plan, Tata Technologies Ltd will pay 86 per cent while the state government will pay the remaining 14 per cent. Besides, the state will separately spend Rs 107 crore to improve infrastructure in the existing ITIs. The upgradation plan will be implemented in five years. "After intense discussion, the state government signed a Memorandum of Agreement (MoA) with Tata Technologies Ltd today to upgrade the 19 ITIs operating under the Industries and Commerce department. This is aligned with Prime Minister Narendra Modi's wish to acquire skill", he told reporters. Saha said the ITIs have been offering old courses which have no job prospects nowadays and the pass-out students used to find it difficult to get jobs. "Under the upgradation
Its consolidated profit after tax dropped 2 per cent to Rs 157 crore in the July-September quarter. However, this was also its slowest decline in the three quarters when profits have fallen
Nelco hit a multi-year high of Rs 1,271.95, rallied 13 per cent on the BSE in Tuesday's intra-day trade, and zoomed 46 per cent in eight trading days
Shares of Tata Technologies fell nearly 3.4 per cent to touch an intra-day low of Rs 1,013 after nearly 12 million shares, worth around Rs 1,278 crore, changed hands in block deals on Tuesday.