Page 18 - Tata Group

Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt

Tata Sons, the holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI)

A key lesson from Jamsetji to the leader of the future: Develop four Qs

To achieve all that he did in his lifetime, besides IQ and EQ, the Tata group founder must have been rich in adaptability and spirituality quotients too

DGCA slaps Rs 90 lakh fine on Air India for flying with unqualified crew

Air India Director of Operations and the Director of Training also face Rs 6 lakh and Rs 3 lakh fines, respectively

TCS launches latest Pace Studio in Stockholm, first in Nordic region

Indian IT company's facility will offer customers access to an innovation ecosystem

Tata Consumer Products closes Rs 3,000 cr rights issue after 14 days

Tata Consumer Products Ltd on Monday said it has closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing. The meeting of the capital raising committee of the board of the company held on July 23, 2024, approved the terms of the issuance of equity shares face value of Re 1 each by way of rights issue for an amount aggregating up to Rs 2,997.77 crore, it added. "The issue opened on Monday, August 5, 2024 at 9 am and closed today (Monday), August 19, 2024 at 5 pm," the filing said. In January this year, the company's board had approved a fundraising proposal of Rs 3,500 crore, which was meant to be utilised for the acquisitions of stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd. The company had stated that raising of funds by way of issue of equity shares of face value Re 1 each would not exceed Rs 3,000 crore.

Tata's Rs 6K cr plant for iPhones likely to start operations in November

Hosur factory to be second assembly plant for Tata

Tata Steel's Aashiyana expects to cross Rs 3,500 crore GMV in FY25

Tata Steel's retail sales volume was about 2 million tonne (mt) in FY24

AI, Vistara get DGCA nod to integrate aircraft line maintenance operations

Aviation regulator DGCA has approved integrating the aircraft line maintenance operations of Air India and Vistara as the two airlines move close to their merger. In a release on Friday, Air India said the integration will help in optimising resources to enhance operational performance and reduce aircraft turnaround times to bolster on-time performance. "With a unified maintenance team and resources, Air India will be better positioned to service a mixed fleet of wide body and narrow body aircraft, enhancing schedule integrity and reliability of operations," it added. The two airlines, part of the Tata Group, have secured the CAR (Civil Aviation Requirement) 145 approval from the Directorate General of Civil Aviation (DGCA) to integrate their aircraft line maintenance operations. Vistara is a joint venture between Tatas and Singapore Airlines. So far, Air India has in-house line maintenance at 12 stations in the country. "Enhanced synergy of the combined resources will also ensur

Tata Motors, Tata Power partner to boost EVs, solar power adoption

Two Tata Group companies will provide comprehensive solutions that include the purchase of an electric vehicle and the installation of a solar rooftop system

Tata Chemicals Q1FY25 results: PAT down 72% at Rs 150 cr on lower income

Tata Chemicals on Monday reported a 72 per cent decline in its consolidated net profit to Rs 150 crore for the first quarter of this fiscal year. Its net profit stood at Rs 532 crore in the year-ago period. Total income also declined to Rs 3,836 crore in the April-June period of 2024-25 from Rs 4,267 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses increased to Rs 3,621 crore from Rs 3,527 crore during the period under review.

Tata Electronics Assam chip plant to be operational in 2025: Chandrasekaran

Union Minister for Electronics and IT Ashwini Vaishnaw, expressing optimism about the project, said that the construction of the Assam plant will boost the overall ecosystem in the region

Tata's Assam plant to make 48.3 mn chips per day with native tech: Vaishnaw

Tata Group's semiconductor plant in Assam will produce 4.83 crore chips per day using indigenously-developed technologies, Union minister Ashwini Vaishnaw said on Saturday. Assam Chief Minister Himanta Biswa Sarma and Chairman of Tata Sons Limited N Chandrasekaran on Saturday performed the Bhumi pujan of the Rs 27,000-crore semiconductor assembly and test facility at Jagiroad in Morigaon district. The project was approved by the Union Cabinet chaired by Prime Minister Narendra Modi on February 29, 2024. "The construction of the plant has started in short span of five months after the project was approved. It will manufacture about 4.83 crore chips per day. The unique thing about this plant is that all the three major technologies which will be deployed in this plant are developed in India," Vaishnaw said. The minister said that the chips manufactured at the Tata plant will be used in vehicles including electric vehicles, and practically every large company will be using their ...

Tata's Rs 27,000 cr chip plant in Assam operational by 2025: Chandrasekaran

Tata Electronics' Rs 27,000-crore chip assembly plant in Assam will create 27,000 jobs and is expected to become operational in 2025, Tata Sons Chairman N Chandrasekaran said on Saturday. Speaking on the occasion of chip plant's Bhumi Pujan ceremony, Chandrasekaran said that the company has already employed 1,000 people from Assam and as the facility expands it will bring entire semiconductor ecosystem companies. "At its capacity it will employ 27,000 people, 15,000 direct jobs and additional 12,000 indirect jobs. We want to move fast. We are trying to accelerate the building of this factory. We hope sometime in 2025 we will be able to complete this facility and quickly start operations," Chandrasekaran said. Already we have 1,000 people who have been employed from Assam. He said the other semiconductor ecosystem companies will start as supplier but gradually they will set up units in the country. The ceremony was attended by Assam Chief Minister Himanta Biswa Sarma who said it wa

Titan Q1 results: Net profit declines 5% to Rs 715 crore, misses estimates

The Tata group-owned company reported a 5% fall in consolidated profit to Rs 715 crore ($85.4 million) in the quarter ended June 30, from Rs 756 crore an year ago

Trent hits new high, up 4% on strong outlook; stock on 8-day winning run

In the past one year, the stock price of Trent has zoomed 231 per cent, as compared to 23 per cent rise in the BSE Sensex.

Tata Group drops plan to acquire stake in Vivo India over Apple's objection

Vivo had plans to sell a 51% stake in its Indian subsidiary to the Tata group. But Apple objected, as its devices are currently being produced by the Tata group in Bangalore

Tata Steel gets 5.57 bn equity shares in Singapore-based arm for $875 mn

Tata Steel on Monday said it has acquired over 557 crore equity shares in its Singapore-based arm for USD 875 million. In May, Tata Steel's board had approved infusion of funds into T Steel Holdings Pte Ltd (TSHP), by way of subscription to equity shares in one or more tranches, the company said in an exchange filing. "Further to our disclosure dated May 29, 2024... we wish to inform you that, the company has today acquired 557,32,48,408 equity shares of face value USD 0.157 each aggregating to USD 875 million (Rs 7,324.41 crore) in TSHP," Tata Steel said. Post this acquisition, TSHP will continue to be a wholly-owned subsidiary of the company, it said.

A leader is just a comma

Long-remembered leaders desist from trashing their predecessors

Tata Motors' market capitalisation crosses Rs 4 trillion for the first time

Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services

Tata Sons raises Tata Electronics' equity capital to Rs 10,000 crore

Tata Sons plans to establish a large-scale semiconductor fabrication plant and invest an additional Rs 27,000 crore to develop a new semiconductor assembly and testing facility in Assam