Page 16 - Tata Group

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

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

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

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.

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."

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 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

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

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 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

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

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

Vistara stood out by empowering frontline employees: Chairman Bhaskar Bhat

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

'Every Indian owes you a debt': Ratan Tata's letter to former PM goes viral

In a letter, philanthropist and industrialist Ratan Tata conveyed his admiration for former Prime Minister PV Narasimha Rao's "outstanding achievement" in initiating vital economic reforms in India

Changing scenario: Debt-free Tata Sons has firepower for newer biz

A low leverage ratio, such as in 2005-06 and 2014-15, has been followed by a spurt in Tata Sons' equity investment in various listed and unlisted ventures

Tata AIA Life nets Rs 25 cr premium since starting policy sale on Neu App

Tata AIA Life on Tuesday said it has netted an annualised premium of Rs 25 crore within three months of starting to distribute policies on the Tata Neu App. Customers can get insurance policies in three clicks on the Tata Group's super app, according to a statement. ***** Mastercard relocates 6,000 technologists and engineers to new Pune facility * Payments major Mastercard on Tuesday relocated its team of 6,000 technologists and engineers supporting global operations into a newer facility spread over 5 lakh sq ft in Pune. Pune is home to the largest workforce in the world for the company, which has tech hubs in Arlington, Dublin, New York, St Louis, Sydney, and Vancouver as well, as per a statement. ***** Careedge assigns maiden ESG rating to ESAF * Careedge ESG Ratings on Tuesday said it has assigned its maiden Environment, Social and Governance (ESG) rating to ESAF Small Finance Bank Limited (ESAF). The SFB has been assigned a rating of CareEdge-ESG 2 with an ESG score of 6

Tata Group plans to generate 500,000 jobs in 5 years: N Chandrasekaran

He mentioned that the country has growth momentum and per capita incomes are rising

Tata to create 500,000 manufacturing jobs in 5 years: N Chandrasekaran

India's manufacturing sector saw a 7.4 per cent rise in employment, with 1.3 million new jobs created in FY23

Tatas set to expand Air India Express fleet with Air India, Vistara planes

Air India Express will receive 17 Airbus A320 Neo planes from Air India and 10 from Vistara after their merger, with the transfer expected to be completed by mid-2025

'Where will dogs go?' What Ratan Tata asked Chandra on Bombay House refit

Chandrasekaran assured that a kennel would be built for them, to which Tata responded saying 'Really?' while considering the proposal