Page 22 - Tata Group

Air India Express fires cabin crew members over 'premeditated' sick leave

According to Air India Express CEO Aloke Singh, more than 100 cabin crew members had reported sick just before their rostered flight duty since Tuesday night

Air India Express cancels 91 flights as cabin crew goes on sick leave

After Vistara cancellations, it's the turn of another Tata airline to face crisis

Tata Power plans 66% higher capex at Rs 20k cr in FY25; to spend 50% on RE

Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India's net-zero emission target by 2070. During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call. "This year we are targeting to spend around Rs 20,000 crore," he said in reply to a question on company's planned capex. Sharing the breakup of the investment plant, Sinha said about 50 per cent will be on renewables (projects). The remaining will be mix of transmission, distribution and conventional projects. The company will fund the capex through internal accruals and some debt, Sinha said. Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period, mainly on the back of higher ...

Air India Express cancels several flights due to cabin crew shortage

Air India Express has cancelled "scores of flights" due to a shortage of cabin crew members as a section of them are reporting sick to protest against alleged mismanagement at the Tata Group-owned airline, according to sources. Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself. The sources on Wednesday said several cabin crew members started reporting sick since Monday evening and as there are not enough cabin crew members, "scores of flights" have been cancelled at various airports, including Kochi, Calicut and Bangalore. Late last month, a union representing a section of the Air India Express cabin crew alleged that the airline is being mismanaged and there is a lack of equality in the treatment of the staff. Air India Express Employees Union (AIXEU), a registered union, which claims to represent around 300 cabin crew membe

Intervene urgently, resolve AI Express strike: Venugopal writes to Scindia

After Air India Express cancelled several domestic and international flights in the wake of its crew strike, Congress leader K C Venugopal on Wednesday sought immediate intervention of Civil Aviation Minister Jyotiraditya Scindia and called for urgent measures to ensure the passengers are not affected. In a letter to Scindia, Venugopal said the flight cancellations are causing agony to fellow citizens, especially those going to the Middle East. He said Air India Express is a low cost airline that is essential to connect our hardworking middle class workers across the world to their homeland. "When 80+ flights are cancelled due to employees' strikes, it causes huge agony to our fellow citizens, especially those in the Middle East. Wrote to the Ministry of Civil Aviation to intervene urgently and resolve the strike and restore regular Air India Express flights at the earliest," Venugopal said in a post on X while sharing his letter. "I am writing to bring to your kind attention the .

Air India Express to curtail flights amid cabin crew shortage: CEO Singh

Air India Express will curtail flights for the next few days to cope with non-availability of crew members, its CEO Aloke Singh said on Wednesday as the airline has been forced to cancel more than 90 flights due to cabin crew members reporting sick. In a message to the airline's staff, Singh said since last evening, more than 100 cabin crew members have reported sick prior to their rostered flight duty, "at the last minute, severely disrupting our operations". More than 90 flights have been disrupted due to the situation, he added. "The disruptions have cascaded across the network, forcing us to curtail the schedules over the next few days. We had to do this to cope with the non-availability of crew and to recover schedules," Singh said. Tata Group-owned Air India Express operates around 360 flights daily in the ongoing summer schedule that started in late March.

Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues

Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated profit stood at Rs 939 crore in the quarter ended on March 31, 2023, a BSE filing showed. Total income of the company rose to Rs 16.463.94 crore in the quarter from Rs 13,325.30 crore in the same period a year ago. The consolidated net profit in the fiscal year 2023-24 rose to a record Rs 4,280 crore from Rs 3,810 crore in the year-ago period, the company said in a statement. Total income increased to Rs 63,272.32 crore in FY24 from Rs 56,547.10 crore in 2022-23. According to the statement the company's market capitalisation has surpassed Rs 1.4 lakh crore.. The 2023-24 fiscal saw the company achieve its highest-ever revenue and EBITDA at Rs 61,542 crore and Rs 12,701 crore respectively, backed by a strong rising share from core businesses of Generation, Transmission & ...

Air India Express says no recognition of workers' union amid crew protest

The statement comes hours after the airline cancelled some 26 flights and delayed 81 due to last-minute sick calls by some cabin crew members

Make in India: Tata Electronics begin limited export of semiconductor chips

Tata Electronics is also in the advanced stages of successfully finalising the tape-out process for semiconductor chips ranging from 28 to 65 nanometers, along with some higher nodes

Air India reduces cabin baggage allowance to 15 kg for lowest fare segment

Loss-making Air India has reduced the free cabin baggage allowance to 15 kilogram from 20 kilogram for the lowest economy fare segment on domestic flights. The changes have been made in the menu-based pricing model fare families that were introduced by the Tata Group-owned Air India last August, with the airline saying that a one-size-fits-all approach is no longer ideal. There are three fare families -- Comfort, Comfort Plus and Flex -- that offer different levels of benefits and fare restrictions at various price points, an airline spokesperson said on Saturday. With effect from May 2, the free cabin baggage allowance for the 'Comfort' and 'Comfort Plus' categories has been reduced to 15 kg from 20 kg and 25 kg, respectively. Prior to the introduction of the fare families concept, passengers on Air India's domestic flights were allowed to carry 25 kilograms of cabin baggage free of any additional charge. "On domestic routes in Economy Class, both 'Comfort' and 'Comfort Plus' far

Air India to resume flight services between Delhi-Tel Aviv on May 16

Air India on Friday said it will resume flight services between Delhi and Tel Aviv on May 16. The airline has temporarily suspended flights to and from Tel Aviv amid tensions in the Middle East. In a post on X, Air India said it will resume "services between Delhi and Tel Aviv with five weekly flights from 16 May, 2024". On April 19, the airline said Tel Aviv flights will remain suspended till April 30. The suspension was later extended till May 15. After nearly five months, the Tata group-owned carrier had recommenced services to the Israeli city on March 3. Tensions remain high in the Middle East due to the conflict between Israel and Hamas.

Tata Projects Q4 results: PAT at Rs 120.5 cr on back of higher revenues

EPC firm Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement. These figures are after after exceptional and/or extraordinary items. The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said. Tata Projects MD & CEO Vinayak Pai said the company's strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results. "I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable and sustainable projects through innovation and technology," he said. Tata Projects is a technology-led engineering, procurement and construction (EPC) company in India.

Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report

Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding

Adani Electricity, Tata eye bigger pie in Mumbai power distribution

Battle for high-value customers heats up amid increased EV penetration

Tata Electronics developing high-precision machines to build iPhone casings

The company has partnered with two Indian companies to enhance its capabilities and intends to eventually export these complex machines

Tata Consumer to strengthen distribution in smaller towns for growth: CEO

"Over a period of time, volume has come back. It is broadly in the ballpark. From a volume perspective, Q4 was slightly tough," says D'Souza

Tata Consumer Products: Focusing on performance of growth businesses key

After the acquisition of Capital Foods and Organic India, Tata Consumer needs to derive synergies, expand distribution, and increase throughput per store

Modernisation of SCL fab plant likely to cost govt Rs 20,000 crore

The government has offered two models to those showing an interest in setting up the fab plant

Tata Consumer Products Q4 results: Net profit declines 19.3% to Rs 217 cr

The company's coffee business in India witnessed revenue growth of 45% in the quarter ended March, while its foods business grew by 20%

This Tata Group stock has zoomed 40% in 2 days on robust Q4 results

Tejas Networks share price: Shares of Tejas Networks hit a new high of Rs 1,084.50 as they rallied nearly 20 per cent on the BSE in Tuesday's intraday trade amid heavy volumes