Page 11 - Tata Group

Tata Electronics gets CCI's nod to acquire majority stake in Pegatron India

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)

Tata Technologies, Telechips collaborate to make software-defined vehicles

The partnership will leverage Tata Technologies' deep expertise in automotive software engineering and integration of next-gen technologies

Tata Digital enters retail investment with fixed deposits marketplace

Tata Digital on Tuesday announced its foray into the retail investment space with the launch of its fixed deposits marketplace on the superapp Tata Neu. Customers can invest in fixed deposits through the marketplace with leading financial institutions at interest rates of up to 9.1 per cent without the need for a savings bank account, the company said in a statement. "With our fixed deposit marketplace, we aim to democratise access to high-yield, fixed-return instruments from multiple trusted providers. "This simple and secure platform is designed to offer competitive interest rates, empowering both seasoned investors and newcomers to grow their wealth confidently and effortlessly," Tata Digital Chief Business Officer, Financial Services, Gaurav Hazrati said. The company said customers invest as little as Rs 1,000. With bank investments insured up to Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), they get safety and complete peace of mind. Customers c

Despite moderation, India will be fastest growing economy: N Chandrasekaran

Tata Group Chairman N Chandrasekaran highlighted three major transitions in the world, including shift to renewable energy, that are moving in line with India's strengths

Tata's qcom enterprise Bigbasket expands offerings, boosts delivery speed

In 2024, Bigbasket Now demonstrated its ability to deliver not only staples but also a wide range of products across categories

Ratan Tata's birth anniversary: Key milestones in his illustrious career

December 28 marks the birth anniversary of the late Ratan Tata, whose transformative journey as Tata Group's leader played a vital role in shaping India's industrial landscape

Air India to strengthen practices in 2025, become profitable: CEO

Wilson stated that the Group employs 30,000 people who help its two airlines fly over 60 million passengers annually to more than 100 destinations within India and internationally

It's new manufacturing golden age for India, says N Chandrasekaran

In his annual letter to employees, he highlighted conglomerate's achievements for the year

Farewell to the titans: Remembering industry leaders we lost in 2024

From Japan's "100-yen shop" creator to India's architect of modern banking, we remember the industry titans who bid farewell to this world this year

Tata Steel Netherlands faces fines of almost 27 mn euros over emissions

Tata Steel Netherlands will face fines of almost €27 million ($28 million) if it doesn't take measures at its coke plaBy Charlotte Hughes-Morgan

Tourist hotspots have appetite for more offerings, says IHCL CEO & MD

IHCL's plans two offerings in Bahrain, Saudi Arabia each

Tata DDL partners with Baaz Bikes to set up EV battery swapping stations

Tata Power Delhi Distribution on Friday said it has joined hands with Baaz Bikes for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi. Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a leading power distribution utility that supplies electricity to about 9 million population in North Delhi. According a statement, Tata Power DDL signed a Memorandum of Understanding (MoU) with Baaz Bikes (Electorq Technologies Pvt Ltd), a battery-swapping service provider, for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi. As per the agreement, Tata Power-DDL will allocate dedicated space for setting up battery swapping stations. Baaz Bikes, a battery-swapping service provider, will be responsible for designing, procuring, installing, and maintaining these stations. The MoU was signed between Tata Power-DDL & Baaz Bikes in presence of senior officials from both the organisations,

TCS extends partnership with Telenor Denmark for another five years

This deal consolidates TCS' position as a trusted transformation partner in the Nordics, where it has maintained a strong presence for the past 30 years

Jamsetji Tata: New book explores Tata group's adherence to his vision

Many books and works are referenced, but the authors often assume that the lay reader should automatically know what they are talking about

Tata Power Renewables Energy commissions 431 MW DC solar project in MP

Tata Power on Tuesday said its arm Tata Power Renewables Energy has commissioned a 431 MW DC Solar project in Neemuch, Madhya Pradesh. Spanning across 1,635.63 acres, the project features a unique combination of single-axis trackers and bi-facial modules, thereby setting a new benchmark for solar energy generation in India, a Tata Power statement said. This innovative integration has boosted the efficiency of the entire system by over 15 per cent, enabling peak power supply for extended hours, it added. "We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch," Deepesh Nanda, CEO and Managing Director, Tata Power Renewable Energy Ltd, said. The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes. "This project not only demonstrates the viability of cost-effective solar energy, with a winning bid price but also highlights the potential of sustainable energy solutions to drive India's green energy transitio

Tata Sons chairman calls for aggressive growth despite market challenges

N Chandrasekaran's call to group CEOs comes as several Tata Group companies, including TCS, Tata Motors, Tata Steel, and Tata Power, recorded single-digit revenue growth in the first half of FY25

Tanishq to set up De Beers equipment to increase consumer confidence

Ajoy Chawla, CEO, Jewellery Division, Titan Company, said the goal is to give consumer confidence and also to grow the diamond market

Time correction likely ahead, expect low-to-flat returns in near-term

The pharma and healthcare sectors have consistently delivered strong earnings, outperforming expectations

IHCL earmarks Rs 5,000 cr capex for doubling hotels, revenue by 2030

Tata Group hospitality firm Indian Hotels Company Ltd (IHCL) has earmarked capex of Rs 5,000 crore to double its number of properties to over 700 by 2030, its Managing Director and CEO Puneet Chhatwal said on Tuesday. Under the 'Accelerate 2030' programme, the company is also looking to double its consolidated revenue to Rs 15,000 crore in the next five years, Chhatwal told reporters at its 'Capital Market Day'. "We started our aspiration, saying that will be the most iconic and most profitable (hospitality) company from South Asia. Having achieved that, we've just tweaked it a bit, and we say we will be the most valued, most responsible and profitable hospitality ecosystem in South Asia...," he said. He further said anything related to the hospitality ecosystem, IHCL would like to be on the forefront of that. "And how do we win with this strategy is our expansion of our portfolio...," he said. Sharing the company's expansion plans for the next five years, Chhatwal said, "IHCL wi

Cooling solutions as a service hots up as Tata, Adani make the switch

In FY24, erstwhile Adani Transmission changed its name to Adani Energy Solutions (AESL) to reflect its focus on selling cooling solutions