Page 15 - Tata Group

India Inc eyes no-contest clause as Ratan Tata's will sparks estate debate

A no-contest clause is designed to discourage beneficiaries from disputing the terms of a will, but inheritance laws in India do not explicitly recognise or prohibit such clauses

Air India downgrades passenger, crew 'caught sleeping' in business class

An Air India passenger has claimed that multiple crew members were using business class seats - allegedly the same ones reassigned from paying customers

Tata Group's hospitality firm IHCL expands portfolio to 380 hotels in FY25

Tata Group hospitality firm Indian Hotels Company has increased its footprint to 380 hotels by launching properties at 100 new locations in FY2025. "IHCL in the last fiscal year has clocked a record 74 signings, resulting in an industry-leading pipeline of 137 hotels. This was enabled by IHCL's strong brand presence across market segments coupled with the sustained demand buoyancy," the company in a regulatory filing quoted its Executive Vice President - Real Estate & Development, Suma Venkatesh as saying. "IHCL opened 26 new hotels in FY25, with Ginger leading the way with 9 hotels across diverse markets including commercial centres of Nagpur and Coimbatore, industrial townships like Jamshedpur, leisure destinations like Srinagar, Udaipur and Diu as well as in state capitals of New Delhi and Goa," its Executive Vice President -- Hotel Openings & New Businesses -- Deepika Rao said. Incorporated by the Tata Group founder Jamsetji Tata, the company opened its first hotel - The ..

Trent share price crashes 19% after revenue growth moderation in Q4FY25

Trent was trading at ₹4,533.55, down 18.50 per cent from Friday's close of ₹5,562.85 on the National Stock Exchange

Trent's Q4FY25 standalone revenue increases 28.2% to Rs 4,334 crore

Tata Group retail firm Trent Ltd standalone revenue for the March quarter rose 28.2 per cent to Rs 4,334 crore, as per a quarterly update filed by the company on Saturday. For the financial year that ended on March 31, 2025, Trent's standalone revenue rose 39 per cent to Rs 17,624 crore. It was at Rs 12,669 crore a year ago in FY24. Trent's standalone revenue for the year-ago period was at Rs 3,381 crore, according to a regulatory filing from the company, which operates retail stores under the brand names as Westside, Zudio, and Star. This does not include the revenue of Trent from the overseas market, where it operates stores in some countries. "As of 31st March 2025, our store portfolio included 248 Westside, 765 Zudio(including 2 in UAE) and 30 stores across other lifestyle concepts," said Trent. During the January-March period, Trent opened 13 Westside stores and 40 stores in FY25. Similarly, it opened 132 stores of Zudio, targeting the affordable fast fashion segment in the

Tata Electronics appoints KC Ang as head of chip production business

Tata Electronics has appointed former senior executive of GlobalFoundries, KC Ang as President and Head of its foundry business - Tata Semiconductor Manufacturing Pvt Ltd. Ang will report to Randhir Thakur, CEO & MD of Tata Electronics. US-based GlobalFoundries is known for producing chips for Qualcomm, AMD, Infineon, Lockheed Martin etc. Ang will spearhead Tata Electronics' advanced AI-enabled foundry operations and play a key role in driving innovation and excellence while forming strategic partnerships to position Tata Semiconductor as a global leader in chip manufacturing, a company statement said. Born in Malaysia, Ang holds a Bachelor's degree in Mechanical Engineering from National Taiwan University and a Master's degree in Engineering from the University of Texas. "With over three decades of experience in the foundry industry, Ang specialises in fab startup, management, operations, and technology transfer, as well as customer, supplier, and industry relationship ...

No-contest clause in Ratan Tata's will to avoid litigation, say lawyers

Tata's will was submitted to the Bombay High Court for probate last week

Trent zooms 6% on crossing portfolio of over 1,000 large-box fashion stores

The surge in Trent's share price followed the company's announcement that it has surpassed a portfolio of over 1,000 large-box fashion stores, which includes 248 Westside stores and 757 Zudio stores

Tata Projects eyes Rs 2,500 cr via rights issue at Rs 6,700 cr valuation

According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.1

Tata Group appoints Shibashish Roy as MD & CEO of Croma from April 1

Roy has helped expand Croma's market presence and improve its customer service approach across different sales channels

Croma appoints Shibashish Roy as new CEO and MD, effective April 1

Tata Group retail chain Croma on Monday announced the appointment of Shibashish Roy as its new Chief Executive Officer & Managing Director, effective April 1. Roy was named CEO in November 2024 and worked alongside outgoing Managing Director Avijit Mitra during a transition period that concluded in March 2025, Croma said in a statement. He has over 20 years of experience in Tata Group companies and has been instrumental in expanding Croma's market presence and improving its customer service approach across different sales channels, it added. "Shibashish has been transitioning into the role of CEO & MD over the past five months, following the succession plan announced late last year... I am certain Shibashish's digital-first approach and passion for customer engagement will drive Croma to great heights and look forward to working with him," Infiniti Retail Ltd Chairman Naveen Tahilyani said. Infiniti Retail Ltd operates organised consumer durables and electronics chain in India

TATA.ev drives into Mauritius market, expands international footprint

The automaker is set to introduce three electric models - Tiago.ev, Punch.ev, and Nexon.ev - in the Mauritius market

Tata group seeks 80 acres more to expand Dholera semiconductor chip plant

Gujarat govt had earlier allocated 20-acre land parcel to conglomerate

Tata Capital raises Rs 1,500 crore from Tata Sons, IFC via rights issue

The company will use the proceeds for further lending and to improve its leverage ratios

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