Page 21 - Tata Group

India's $100-billion mcap club grows to eight with three new entries

The Aditya Birla group has seen its market value jump by more than 50 per cent, making it the latest entrant to the $100-billion club

India needs wider range of semiconductor suppliers, says industry expert

Governments around the world are investing aggressively to build domestic supplies of semiconductors

Tata Steel Q4FY24 results: Net profit drops 64.1% to Rs 611.48 cr

Consolidated revenue from operations at Rs 58,687.31 crore was down by 6.8 per cent Y-o-Y. The Bloomberg consensus estimate for revenue was Rs 58,375.1 crore and net income Rs 928 crore

AI Express cabin crew union, airline management discuss various issues

Representatives of a cabin crew union at Air India Express and airline management on Tuesday held discussions on salary and other issues during the meeting convened by the labour department as part of the ongoing conciliation proceedings, according to a source. The next meeting is scheduled for July 2, the source said. The Air India Express Employees Union (AIXEU), which represents a section of the cabin crew at the airline, had filed a complaint before the labour department last year. Following the complaint, a conciliation process is happening under the Industrial Disputes Act. Room sharing, lack of proper support, revised salary structure and alleged differential treatment of experienced crew members of Air India Express are among the issues flagged by the union. The source, on the condition of anonymity, said various issues were discussed at the meeting held on Tuesday, including those related to salary and accommodation for cabin crew during layovers. At the meeting, the ...

Air India's Mumbai-San Francisco flight takes off after inordinate delay

Air India's flight to San Francisco from the city took off on Saturday evening after an inordinate delay due to multiple reasons. The flight, which was originally scheduled to take off at 1600 hours on Friday, was delayed by over 25 hours, due to multiple reasons and rescheduled for Saturday. Again on Saturday, the flight was initially expected to fly out in the morning but finally took off for San Francisco around 1730 hours, according to an official. Details about the number of passengers could not be ascertained. On Friday, passengers had to wait inside the aircraft for more than five hours before the flight was rescheduled for Saturday. An airline official had said the Boeing 777 plane, which was scheduled to take off at 1600 hours, was first delayed due to a technical glitch, then some passengers deboarded and subsequently, another passenger fell ill. After deboarding the passenger who started feeling unwell around 1917 hours, it was noticed that by the time the flight would

Eastern India's largest auto cluster seeks to emerge from Tata shadow

Jamshedpur has 600-700 ancillary units in its industrial areas that solely depend on Tata Motors and Tata Steel

Tata Power planning to raise $1 bn loan for clean energy projects

India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts

Air India gives increments to staff, announces performance bonus for pilots

Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago. On Thursday, Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, sources said. They said that Air India, which is in the process of revamping itself under a five-year transformation plan, is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees. Air India has around 18,000 employees. The airline has rolled out annual appraisals for all employees, who joined before December 31, 2023, including ground staff, cabin crew and pilots. The appraisals ar

Zudio sold 90 t-shirts, 17 lipsticks each minute in FY24, entered 46 cities

Tata Group's fashion chain appeals to young Indians looking to refresh their wardrobe regularly, says annual report of parent company Trent

Air India Express struggles with roster software, over 50 flights affected

The Tata-owned airline has been compelled to manually assign duties and organise schedules for its staff, affecting around 50 out of the 300 daily flights operated by the airline

Noel Tata's three children to be on five Tata Trusts' board seats

The move is being seen as part of the Trusts' succession plan

Disney to sell 30% stake in Tata Play to Tata Group, valuing co at $1 bn

The transaction values Tata Play Ltd. at about $1 billion, the people said. Tata Group took full control of the TV platform after buying the 29.8% stake from Disney

Trent, Bharat Electronics poised as contenders for Nifty50 in September

If added, both stocks could receive passive inflows in excess of Rs 3,000 crore

A-I ceased to be 'State' or its instrumentality post disinvestment: SC

Air India Limited (AIL) ceased to be State or its instrumentality under Article 12 of the Constitution after its disinvestment and take over by the Tata Group in January 2022, and no case of alleged violation of fundamental right would lie against it, the Supreme Court ruled on Thursday. The apex court dismissed the appeals filed against a September 20, 2022 verdict of the Bombay High Court which had disposed of four writ petitions instituted by some employees of AIL over alleged stagnation in pay and non-promotion of employees and delay in payment of wage revision arrears, among others. The top court noted that the petitions before the high court had claimed violation of Articles 14 (equality before law), 16 (equality of opportunity in matters of public employment), and 21 (protection of life and personal liberty) of the Constitution. A bench of Justices B R Gavai and Sandeep Mehta noted that the high court had disposed of the pleas on the ground of non-maintainability of the writ

Integration of frequent flyer programs of Vistara, Air India begins

The integration of approximately 7,000 employees of Vistara will begin in June, with its merger into Air India targeted to be completed by the year-end, Air India CEO Campbell Wilson said on Monday

Air India Express cancels some flights due to rostering system issues

Air India Express cancelled some flights on Wednesday as the airline grapples with crew rostering system issues, according to sources. The Tata Group-owned carrier, which generally operates around 380 flights daily, has moved to a new rostering system. Since there are some issues with the system, it is impacting the scheduling for cabin crew and pilots, the sources said. At the Delhi airport, seven Air India Express flights -- four departures and three arrivals -- for the period between 1.50 am and 8 pm have been cancelled for Wednesday, sources said. There were also flight cancellations at a few other airports, the sources added. However, the total number of flight cancellations could not be immediately ascertained. There was no comment from Air India Express. The latest development comes a week after the airline witnessed disruptions due to a section of cabin crew reporting sick to protest against the alleged mismanagement at the carrier. The strike was called off on May 9 and

AI Express fiasco: Woman couldn't see hospitalised husband before death

In a heartbreaking incident, a woman, whose husband was in a hospital ICU in Oman, was unable to see him one last time before he died there due to the cancellation of her Air India Express flight to that country last week, her family alleged. The woman, Amrita, had booked tickets for May 8 to see her husband in Muscat, but on reaching the airport here, she was told that the flight was cancelled. Her protest at the airport earned her a ticket for the next day on another Air India Express flight, but unfortunately, that too was cancelled and she had to abandon her travel plans altogether. On Monday, news of her husband's death reached her from Oman. "It was so unfair that she could not see him for one last time. We begged the airline to accommodate us on some other flight so that we could see him for one last time. But they did not do anything," Amrita's mother told a TV channel. She also said that Amrita's husband had said that he wanted to see his wife and kids and that is why the

Tata Power to sell green energy to group companies, MNCs: Praveer Sinha

Says they will offer carbon credit on their green power sale to companies that require it

SIAEC to develop Air India's base maintenance facilities in Bengaluru

Air India on Saturday announced it has appointed SIA Engineering Company Limited as its strategic partner for the development of its base maintenance facilities here. As part of the partnership, Air India will work closely with SIA Engineering Company Limited (SIAEC) on the planning, construction, development and operationalisation of its base maintenance facilities here, they said. In a statement, Air India said, "Projected to be ready in 2026, the facilities will comprise both wide-body and narrow-body hangars, including associated repair shops, to support the growing Maintenance, Repair and Overhaul (MRO) needs of the aircraft fleet in Air India Group." "The collaboration with SIA Engineering Company will not only help Air India become more self-reliant for the maintenance of its own fleet but it also reiterates our commitment to strengthen India's aviation infrastructure by boosting the growth of the country's MRO industry," Campbell Wilson, Chief Executive Officer and Managing

AI Express operations improving; expects normalcy in 2 days, says official

The operations of Air India Express slowly started improving on Friday as more cabin crew members are joining back for duty, after significant flight disruptions caused by cabin crew strike that has been called off. The strike by a section of the cabin crew since Tuesday night that resulted in the cancellation of more than 170 flights was called off on Thursday evening and the airline also withdrew termination letters issued to 25 striking cabin crew. The Tata Group airline, which operates around 380 flights daily, has curtailed operations in the wake of the strike and the official on Friday said, normalcy is expected in the next two days. Cabin crew who were on strike are joining back and the airline is extending support to them in getting the fitness certificate, which is required to resume duty, the official added. The official also said that most international flights are in the evening time and the operations on that front are expected to be better from Friday onwards with the