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Tata Group

Mining tax by states: Tata Steel to file curative petition in Supreme Court

On July 25, a nine-judge Constitution Bench of the Supreme Court ruled that states have the power to levy cess on mining and mineral-use activities. Tata Steel's petition seeks a remedy to this order

Mining tax by states: Tata Steel to file curative petition in Supreme Court
Updated On : 10 Nov 2024 | 3:52 PM IST

A tribute: Ratan Tata empowered a generation of dreamers to push boundaries

For the youth, Shri Ratan Tata was an inspiration, a reminder that dreams are worth pursuing and that success can coexist with compassion as well as humility

A tribute: Ratan Tata empowered a generation of dreamers to push boundaries
Updated On : 09 Nov 2024 | 6:00 AM IST

Taj Hotels' parent co IHC to add 120 properties to tap travel, wedding boom

Indian Hotels will open the 1952-built Hessischer Hof in Frankfurt in the next 10 months marking its first foray into continent Europe

Taj Hotels' parent co IHC to add 120 properties to tap travel, wedding boom
Updated On : 08 Nov 2024 | 11:42 PM IST

Ratan Tata's 'no comments' on Mistry more thunderous than statement: Author

Ratan Tata's 'no comments' was more 'thunderous' than any statement when asked if he shared the apprehensions of some Tata group veterans who felt that Cyrus Mistry was trying to break up the conglomerate, according to the author of biography of the late industrialist, Thomas Mathew. Tata had fully supported late Mistry as his successor in 2012, despite having second thoughts over the suitability of the latter at the end of the first year of 'parallel running' as Chairman designate and his replacement as Chairman of Tata Sons in 2016 was due to "an ethical and a moral issue", coupled with performance issue, Mathew told PTI Video in an interview. In the biography 'Ratan Tata A Life', some Tata group veterans have been quoted airing their apprehensions about Mistry trying to break up the salt-to-software conglomerate based on his style of functioning as the Chairman and the past record of the Shaprooji Pallonji (SP) Group's acquisition of shares in Tata Sons. "There are two schools of

Ratan Tata's 'no comments' on Mistry more thunderous than statement: Author
Updated On : 07 Nov 2024 | 9:36 AM IST

Noel Tata joins Tata Sons board, first to hold dual positions since 2011

Noel Tata's dual role on the Tata Sons and Tata Trusts boards consolidates family oversight within the Tata Group's sprawling operations

Noel Tata joins Tata Sons board, first to hold dual positions since 2011
Updated On : 05 Nov 2024 | 10:15 AM IST

Air India cancels 60 India-US flights in Nov-Dec citing aircraft shortage

Non-availability of aircraft due to maintenance issues has forced Tata Group-owned Air India to cancel some 60 flights on the India-US routes between November and December this year, according to an airline source. The flights, which have been cancelled during the peak travel period, include services to San Francisco and Chicago, among others, the source said. Air India, in a statement, said it has cancelled a "small" number of flights between November and December on account of delayed return of some aircraft from heavy maintenance and supply chain constraints, without naming the destinations. It also said that affected customers have been "informed" and offered flights on other Air India group services operating on the same or adjacent days. "Air India has cancelled some 60 flights to and from San Francisco, Washington, Chicago, Newark and New York between November 15 and December 31, as it does not have adequate wide-body aircraft to operate some of the flights to these ...

Air India cancels 60 India-US flights in Nov-Dec citing aircraft shortage
Updated On : 30 Oct 2024 | 8:54 PM IST

Tata Power Q2FY25 results: Net profit rises nearly 8% to Rs 1,093 cr

Tata Power on Wednesday posted nearly 8 per cent rise in its consolidated net profit to Rs 1,093.08 crore for the September quarter, mainly on the back of higher revenues. The company had reported a net profit of Rs 1,017.41 crore in the quarter ended September 30, a BSE filing showed. Its total income rose to Rs 16,210.80 crore in the quarter from Rs 16.029.54 crore a year ago. Praveer Sinha, CEO and Managing Director, Tata Power, said, "Our Generation, Transmission & Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity". All business segments have performed remarkably well during the quarter, leading to 20th consecutive quarterly PAT (net profit) growth, he pointed out. "Aligned with the Make in India' vision, our 4.3 GW cell-and-module plant in Tamil Nadu is going strength-to-strength with the commissioning of a 2 GW cell production line during the quarter," he said, .

Tata Power Q2FY25 results: Net profit rises nearly 8% to Rs 1,093 cr
Updated On : 30 Oct 2024 | 6:26 PM IST

Quick commerce boom: Industry giants race to claim their slice of the pie

India's quick commerce sector has seen an astonishing growth rate, with sales increasing by more than 280 per cent over the past two years

Quick commerce boom: Industry giants race to claim their slice of the pie
Updated On : 30 Oct 2024 | 2:13 PM IST

TCS signs 15-year deal with Irish govt to manage pensions of 800K workers

IT services company will provide 'end-to-end digital solution' for automatic enrolment in pension scheme

TCS signs 15-year deal with Irish govt to manage pensions of 800K workers
Updated On : 30 Oct 2024 | 12:20 AM IST

When Ratan Tata borrowed money from Amitabh Bachchan at London airport

Bollywood actor Amitabh Bachchan shared a heartfelt memory involving the late Ratan Tata in a recent episode of Kaun Banega Crorepati Season 16

When Ratan Tata borrowed money from Amitabh Bachchan at London airport
Updated On : 29 Oct 2024 | 6:16 PM IST

Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 cr

Tata Power on Monday said it has acquired 40 per cent stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. "It has today executed the Share Purchase Agreement between the company, existing shareholder of KHPL and KHPL," Tata Power said in an exchange filing. On August 6, the Board of Directors of The Tata Power Company Limited approved a proposal for the acquisition of a 40 per cent equity stake in Khorlochhu Hydro Power Limited in one or more tranches. The cost for acquisition of a 40 per cent equity stake in KHPL is around Rs 830 crore, Tata Power had said. Tata Power said it has finalized an agreement with Druk Green Power Company to develop the hydro project in the neighbouring country at an estimated cost of Rs 6,900 crore.

Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 cr
Updated On : 28 Oct 2024 | 11:34 PM IST

From boardroom battles to Frank Sinatra, life of Tata 'patriarch'

The book opens with the early years. "He lived like a prince, spoilt for comfort and in infinite luxury.'' Despite the luxury all around, the author notes that "young Ratan had no room to himself."

From boardroom battles to Frank Sinatra, life of Tata 'patriarch'
Updated On : 25 Oct 2024 | 11:55 PM IST

Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr

According to Sushma Abburi, chief business officer, MoneyView, the partnership with Tata Neu enables the company to deliver personalised loan products through its innovative platform

Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr
Updated On : 24 Oct 2024 | 9:10 PM IST

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC
Updated On : 21 Oct 2024 | 5:19 PM IST

Campa Cola's aggressive pricing forces Tata Consumer to revise rates

Tata Consumer Products Ltd (TCPL) beverage business got a hit from the aggressive pricing from rival Campa Cola, forcing it to go for a downward revision of its Tata Gluco Plus. Tata Consumer Product Ltd (TCPL) revenue from its ready-to-drink business declined 11 per cent in the September quarter owing to "competitive pricing action", said its Managing Director and CEO Sunil D'Souza during the post-result investors' call. Reliance Retails Campa Cola has disrupted the beverage market with its Rs 10 pack in PET bottle, forcing the rival beverage makers to reduce their prices to retain their market share and growth. When asked about the penetration and growth, without naming Campa, D'Souza said: "A new player coming in with a different price point disrupted the industry. While on paper it is Rs 10 versus Rs 10 ... it didn't surface quickly enough ... while the Rs 10 was the same to the consumer, the trade price was dramatically different." However other big multinationals such as Coke

Campa Cola's aggressive pricing forces Tata Consumer to revise rates
Updated On : 18 Oct 2024 | 11:35 PM IST

Tata Consumer Products Q2 results: Net profit rises 7.7% to Rs 364.4 crore

The India foods business revenue grew over 28 per cent (plus 9 per cent excluding Capital Foods), and its value-added salt portfolio grew by 26 per cent, with rock salt registering record volumes

Tata Consumer Products Q2 results: Net profit rises 7.7% to Rs 364.4 crore
Updated On : 18 Oct 2024 | 9:52 PM IST

Tata Consumer Products Q2 profit flat at Rs 367.21 cr, revenue up 12.8%

Tata Consumer Products Ltd (TCPL) on Friday reported a marginal increase in its consolidated net profit to Rs 367.21 crore in the second quarter ended on September 2024. The company had posted a consolidated net profit of Rs 363.92 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL. Its revenue from operations rose 12.87 per cent to Rs 4,214.45 crore during the quarter under review. It was at Rs 3,733.78 crore in the year-ago period. Total expenses of the TCPL, earlier known as Tata Global Beverages Limited (TGBL), stood at Rs 3,836.18 crore, up 15.61 per cent in the September quarter. In the September quarter, TCPL's overall branded business was up 12.44 per cent to Rs 3,771.2 crore. It was at Rs 3,353.81 crore in the corresponding quarter last fiscal. TCPL's branded businesses include tea, coffee, water and other various value-added businesses. Its revenue from the branded business in India was up 10.44 per cent to Rs 2,655.19 crore in th

Tata Consumer Products Q2 profit flat at Rs 367.21 cr, revenue up 12.8%
Updated On : 18 Oct 2024 | 6:00 PM IST

Noel Tata expected to join Tata Sons board following philanthropy role

In a move that could give Noel Tata more power over the group's decision-making, he is now likely to be appointed to the board of Tata Sons in a meeting due to be held in the coming days

Noel Tata expected to join Tata Sons board following philanthropy role
Updated On : 18 Oct 2024 | 12:15 PM IST

Ratan Tata, global giant who took Tata Group's operations to 80 countries

Ratan's global vision extended beyond expansion to innovation and wanted to pioneer a new type of innovation for a new type of consumer

Ratan Tata, global giant who took Tata Group's operations to 80 countries
Updated On : 17 Oct 2024 | 10:06 AM IST

Vistara stood out by empowering frontline employees: Chairman Bhaskar Bhat

Its 'differentiation' was dealing with customers inside and outside aircraft, he says

Vistara stood out by empowering frontline employees: Chairman Bhaskar Bhat
Updated On : 16 Oct 2024 | 11:02 PM IST