Page 16 - Tata Group

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

Tata Group's N Chandrasekaran honoured with UK's Most Excellent OBE honour

Natarajan Chandrasekaran has been the Chairman of Tata Sons since 2017, having joined its board in October 2016

Tata.ev plans to double India's EV charge points to 400,000 by 2027

Already charger utilisation levels have increased in India with the growing population of EVs

Tata Sons' CSR money may go to Ratan Tata endowment trust, foundation

The plan is in the final stages with discussions centred around how to take social sector projects forward in lines with other Tata Trusts

Who is Mohini Mohan Dutta? Man who may receive ₹ 500 crore from Tata's will

The unsealing of Ratan Tata's will has shocked many after it was found that a mysterious man, Mohini Mohan Dutta, has inherited assets over Rs 500 crore on his name

Ratan Tata's estate: Confidant Mohini Dutta's ₹650 cr claim raises concern

As Ratan Tata's estate goes for legal approval, confidant Mohini Dutta's Rs 650 crore claim - higher than his allocated share - raises valuation concerns among Tata insiders

Analysts cut targets for Trent amid slowing growth, weak consumer sentiment

While Trent reported strong profit and revenue growth, several brokerages have slashed their target prices, citing slowing growth momentum and weak consumer sentiment