Page 22 - Tata Group

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Tata group directors to meet in Mumbai on May 20 to talk future vision

The group had earlier put a cap on the brand subscription fee to group firms and this has now been lifted, leading to higher payout by TCS, said a source

Strikes and lockouts down 90% in the last decade, show govt data

Person days lost to industrial disputes see a decline

AI Express cabin crew calls off strike; airline assures to look into issues

A section of Air India Express cabin crew has decided to withdraw strike and join back for duty after the airline assured to look into all the issues raised by the cabin crew, sources said on Thursday. Besides, the airline has agreed to withdraw the termination letters issued to 25 cabin crew and the management will review the cases as per service regulations, they added. The Tata Group-owned airline has cancelled more than 170 flights since Tuesday night after the cabin crew started reporting sick to protest against the alleged mismanagement at the airline. The decisions on withdrawing the strike and the termination letters were agreed upon during the conciliation meeting between the cabin crew representatives and the airline representatives at the Office of the Chief Labour Commissioner (Central) in the national capital on Thursday.

Air India Express: 85 flights cancelled; Air India to support on 20 routes

If a passenger's flight is cancelled or delayed more than 3 hours, they have the option to either receive a full refund on the flight or reschedule it for a later date without any additional fees

TCS CEO Krithivasan's salary for FY24 at Rs 25 cr, COO earned Rs 26.18 cr

Krithivasan's remuneration includes his that for his previous role as company's global head for BFSI

Return to work or face termination: Air India Express gives crew ultimatum

Air India Express fired 25 cabin crew members and demanded others to either return to work by 4 pm on Thursday or face termination

Over 100 Air India Express flights cancelled as cabin crew calls in sick

Air India Express has opted to reduce its flight operations until May 13, with a usual schedule of around 360 flights per day, covering both domestic and international routes

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.