Shares of Tata Motors hit a new high at Rs 801, and have zoomed 107 per cent so far in the calendar year 2023.
Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday
Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent
Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides, the combined entity of Air India Express, also the country's first international budget carrier, and AIX Connect, formerly known as AirAsia India, will be launching its new brand on October 18. In a message to staff this week, Air India Express and AIX Connect Managing Director Aloke Singh said key milestones, including migration to a common reservations and check-in system, have been achieved in terms of integration of the two carriers. Currently, the combined entity has a fleet of 56 aircraft, including 26 B737, 2 B737 MAX, 5 A320 neo and 23 A320. "Over the next 15 months, a total of 50 new B737 MAX aircraft will join the LCC fleet, allowing us to grow our network to new destinations and increase flights on existing routes," Singh said in the message. According to him, the focus is n
The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors
The stock has rallied nearly 62 per cent so far in 2023 as against a 9 per cent gain on the BSE Sensex.
Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members
Thus far in the current calendar year 2023, the stock price of Trent has rallied 25 per cent, while in past one year it surged 53 per cent.
This comes at a time when the board of Tata Sons has acknowledged the group's highest growth in its history
Moderation of attrition is a positive and indicates easing of supply side challenges, which is likely to support margins, going ahead, ICICI Securities said in its note.
A spike in coal prices has increased cost of generation
With in the Tata Group space, except for Indian Hotels, others like TCS, Tata Motors, Trent and Tata Coffee seem poised for a buoyant rally in the near term.
Improving chip supply and cooling commodity prices will aid revenue and margins recovery and hence aim to deliver strong improvements in EBIT and free cash flows in H2 FY23, the company said.
Merger is part of Tata group plan to bring similar businesses under a single umbrella like Tata Steel's merger of seven subsidiaries with itself to consolidate its metals and mining businesses
Shares of the to-be merged subsidiaries, Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, and TRF declined 2 - 9 per cent each.
The shares of two Tata group companies have been on the upswing, touching new highs at the bourses
The share price of Tata Investment Corporation has zoomed 60%, while TRF has appreciated by 58 per cent in past one week on the BSE.
Tata Investment said the company aims to remain invested in leaders in sectors, which they believe have potential to remain value accretive over the medium and long term.
In the past 5 trading sessions alone, the share price of Trent Ltd has jumped 11 per cent. On NSE, Trent rose 4.63 per cent to close at Rs 1,475.30, on Wednesday
In the past one week, the stock has rallied 11 per cent after the company reported strong earnings for Q1FY23 with industry best revenue growth and strong beat on almost all parameters