Page 12 - Tata Group

Tata AutoComp to acquire IAC Sweden, strengthening European presence

Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe's automotive sector. This proposed acquisition reinforces Tata AutoComp's presence in Sweden and enhances the company's relationships with key European Original Equipment Manufacturers (OEMs) in both the passenger vehicle and commercial vehicle segments, further expanding its global footprint, the company said in a statement. The company, however, did not disclose any financial details. IAC Sweden has a turnover of approximately USD 800 million and is a well established manufacturer of interior systems and components to the automotive industry, it added. The transaction is subject to European regulatory approvals, the company said. "This acquisition aligns with our long-term vision of expanding in global markets and strengthening our relationships with European OEMs," Tata AutoComp Systems Vice Chairman Arvind Goel

Tata-backed Air India eyes major widebody jet order from Airbus and Boeing

Air India may be looking to add 30 to 40 jets as Tata Group plans domestic and international expansion

Tata Sons set to invest Rs 1,432 cr in rights issue of Tata Projects

Conglomerate's engineering and construction company gets board approval for fundraising

N G Subramaniam appointed as chairman of Tata Communications board

NGS has been part of Tata Consultancy Services (TCS), the IT major, for 40 years. He stepped down from TCS in May 2024 as the chief operating officer and executive director

Tata's Tanishq expands US presence with new stores in Seattle, Atlanta

Indian jewelry brand from the TATA Group, Tanishq, is expanding its presence in the US market, opening new stores in the states of Washington and Georgia. Tanishq opened its fifth and sixth US stores in Redmond, Washington and Cumming, Georgia, respectively, marking a significant milestone in its North American expansion, a press release said. The brand continues to make waves in the US market, offering a sophisticated collection of fine gold and diamond jewelry tailored for both South Asian traditions and contemporary American tastes, it said. The 3,640 sq. ft showroom in Redmond near Seattle also has over 5,000 pieces on display and caters to a growing community that values quality craftsmanship, transparency and ethical sourcing. The opening was attended by Consul General of India in Seattle, Prakash Gupta, and Mayor of Redmond Angela Birney, Tanishq USA said. With Seattle emerging as a thriving hub for professionals and families who cherish both tradition and modernity Tanish

Tata Technologies announces leadership changes to drive growth strategy

Global product engineering and digital services firm Tata Technologies on Tuesday announced key leadership changes as part of its strategy to closely support clients across automotive, industrial heavy machinery, and aerospace sectors. The changes are part of the company's 'One Team with Customers' philosophy by deepening integration with top global clients through dedicated account teams, Tata Technologies said in a statement. Under the new structure, Nachiket Paranjpe will expand his leadership scope, continuing to grow the automotive business outside Tata Motors Ltd (TML) group while driving transformation in the embedded software and software-defined vehicles (SDV) business, it said. His role will encompass full lifecycle ownership of sales, solutions, and delivery, ensuring Tata Technologies remains at the forefront of SDV and embedded software innovation, it added. Keith Matthews has been elevated as Head Sales - Aerospace Business with immediate effect. He will focus on scal

Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme

The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval

India Semiconductor Mission, Tata ink fiscal pact for Gujarat chip plant

The Centre through the India Semiconductor Mission, has committed 50 per cent fiscal support on a pari-passu basis for eligible project costs

Air India sacks trainer pilot after probe into whistleblower claims

Air India on Wednesday said it has terminated the services of a trainer pilot for lapses and 10 pilots who underwent training under the trainer pilot have been removed from flying duties pending investigation. The latest action came after a whistleblower alleged that a simulator trainer pilot had failed to properly discharge his duties during recurrent simulator training for pilots. In a statement, the Tata Group-owned airline said a detailed probe was conducted into the allegations, which were corroborated after a review of the evidence. Without disclosing specific details, Air India said the trainer pilot's services are being terminated. "As a precaution, ten pilots who underwent recurrent training under the trainer pilot have been removed from flying duties pending further investigation," the airline said. Further, Air India said it voluntarily reported the matter to aviation regulator DGCA and also commended the whistleblower for stepping forward. Details about the trainer pi

Tata Capital seeks approval for related party deals with Tata Steel, TCS

Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers

Need for sovereign AI systems to avoid digital colonialism: Chandrasekaran

Chandrasekaran explained that the group was focused on priority areas, including artificial intelligence, sustainability and new energy, and geopolitical and supply chain resilience

Bharti Airtel confirm talks with Tata Group to merge their DTH segments

Analysts collectively believe that consolidation is the only way forward for the DTH industry

Airtel confirms 'bilateral discussions' with Tata Group for DTH merger

This consolidation is set to benefit Airtel by expanding its broadband and entertainment business, integrating telecom, broadband, and DTH services into a unified offering

Tata Capital's board approves IPO plan, to issue 230 mn new shares

Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations

Tata to invest in key electronic mfg unit, green energy in Assam: Chairman

Tata group chairman Natarajan Chandrasekaran on Tuesday said the company will invest in a large electronics manufacturing unit in Assam over the next few years and collaborate with the state government in the green energy sector. Speaking at the inauguration of the Advantage Assam business summit, Chandrasekaran said, "The Tata group has a long and significant association with Assam." He highlighted the Rs 27,000 crore semiconductor unit coming up in Jagiroad as "the most significant investment in the state so far." "Taking forward the group's commitment towards the state, it will invest in another large electronics manufacturing unit soon," he added. The group will also partner with the state government in the green energy sector, with commitment to invest in solar and other renewable power generation, Chandrasekaran added.

Tata Capital IPO: Tata Group's NBFC inches closer to D-Street; details here

This would mark the second company from the Tata Group to go public in less than two years, as earlier in 2023, Tata Group's technology arm, Tata Technologies went public

Tata Sons clears Tata Capital rights issue; board to decide size, timing

Tata Sons, which holds 93 per cent in Tata Capital, will subscribe to the full extent of its portion in the rights issue, said a source close to the development

Spanish fashion brand Zara shuts flagship Mumbai store at Hutatma Chowk

Zara, which is part of the Inditex Group, entered the country in 2010 through a joint venture with the Tata Group

Shivraj Chouhan gets broken seat on Air India, calls service 'unethical'

'We apologize for the inconvenience caused. Please be rest assured that we are looking into this matter carefully to prevent any such occurrences in the future', the airline said

Cyrus Mistry's ouster was Tata's biggest regret, says Thomas Mathew

Lunch with BS: "After Chandra took over as Tata Sons chairman, RNT would often say that there won't be noise anymore; there will be stability, there will be growth," says author of Ratan Tata: A Life