Page 23 - Tata Group

Tata Power steps up efforts to rejig debt, working capital measures

As of March 2024, Tata Power's consolidated debt stood at Rs 49,480 crore

Air India likely to offer voluntary separation scheme for 600 employees

Air India will introduce a Voluntary Separation Scheme (VSS) for around 600 employees whose roles may become redundant due to the merger with Vistara

Tata airlines complete harmonising operating process ahead of merger

Vistara, a joint venture between Tata Group (51 per cent) and Singapore Airlines (49 per cent), is being integrated into Air India to create a single full-service carrier

Tata Motors Group reports 2% increase in Q1 FY25 global wholesales

CV sales up, passenger vehicles dip slightly; JLR growth strong

Tata group airlines complete harmonising operating manual ahead of merger

The harmonisation of operating manuals across all Tata group airlines has been completed in the run-up to the Vistara-Air India merger and amalgamation of AIX Connect with Air India Express, a statement said on Monday. At present, the steel-to-software conglomerate fully owns three airlines -- Air India, Air India Express and AIX Connect (formerly AirAsia India) -- while it holds a majority of 51 per cent in Vistara. Singapore Airlines holds the remaining 49 per cent in Vistara. Following the completion of the harmonisation of the operating manuals, Air India said there will be two separate manuals, one for the full-service carrier Air India and the other for the low-cost cost-carrier Air India Express. Before this, all four airlines had separate operating manuals. Over the last 18 months, a team of more than 100 members have worked to align on the best practices and adopt common operating procedures, Air India noted. "This is an important milestone in the merger of the Tata Grou

Tata Consumer Products to boost growth of tea, coffee, salt businesses

Leading FMCG company Tata Consumer Products Limited (TCPL) will continue to invest in its brands and accelerate the growth momentum of the core businesses, tea, coffee and salt, the company's annual report said. In the annual report for 2023-24, TCPL said that to strengthen and accelerate core businesses, contribution of modern trade to total sales within the country was 14 per cent driven by the growth of new businesses. During 2023-24, the company continued to undertake focused brand-building efforts and launched several products. TCPL said that central to the company's growth strategy was on focusing on the core businesses of tea, coffee and salt. TCPL (formerly Tata Tea) said the company strengthened the tea and coffee businesses and also created new vectors of growth. The company was also successful in driving profitable growth in the key international markets of UK, USA and Canada. The company's focus on innovation lay in its belief that it is a strong strategic pillar and pl

A sunny farm to factory worker story at Tata Hitachi plant in Bengal

About 60 per cent of the workforce are land givers, with one member from each displaced family employed

Chinese smartphone giants seek Indian partnerships amid govt push

Vivo, Oppo, and Xiaomi are in discussions to collaborate with Indian companies for manufacturing and distributing their products in India, however, major conglomerates seem hesitant

Tata Hitachi has localisation as top priority, to invest Rs 200cr in FY25

Tata Hitachi Construction Machinery on Tuesday announced that it would invest Rs 200 crore in its two manufacturing plants to stay ahead of the curve in quality, innovation and localisation. The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70 per cent over the next 2-3 years, its Managing Director Sandeep Singh said. The company plans to produce 60-tonne dump trucks in India, leveraging technology from Hitachi Canada, primarily used for the mining industry, he said. Additionally, the company intends to introduce more models in India as part of the 'Atmanirbhar' (self-reliant) policy started long back, the official said. "We will invest a total of Rs 200 crore in our two plants in West Bengal's Kharagpur and Dharwad in Karnataka. This will help us stay at the forefront of innovation and increase self-reliance (Atamnirbharta) to 70 per cent in 2-3 years from the current 65 per cent," Singh said. The company is celebratin

Air India to set up flying institute in Maha to train 180 pilots annually

Tata Group-owned Air India on Monday said it will set up a training institute at Amravati in Maharashtra with an aim to train 180 commercial pilots annually. The DGCA-licensed Flight Training Organisation (FTO) at the Belora Airport will be the largest such institute in South Asia and become operational from the first quarter of next financial year, Air India said in a statement. According to the airline, the upcoming facility will be the first by any Indian airline in the country and will have 31 single-engine aircraft and three twin-engine aircraft for training. Air India said it has got the tender from the Maharashtra Airport Development Company (MADC) to establish and operate the facility for 30 years. "The FTO at Amravati will be a significant step towards making Indian aviation more self-reliant and offering more opportunities to the youth in India to fulfil their ambitions of flying as pilots. "The young pilots coming out of this FTO will fuel Air India's ambition of becomi

Tata Group retains top spot as India's most valuable brand at $28.6 billion

India's most valuable brands 2024: Tata Group nears $30 billion mark, Taj remains India's strongest brand, while HDFC's merger boosts brand to third position

Tata Electronics collab with Synopsys for design automation in Dholera

The chip design expertise from Synopsys will be utilised in Tata's upcoming semiconductor facilities in Gujarat and Assam

JLR to licence Freelander to develop EVs on Chinese JV partner's platform

Tata Motors-owned Jaguar Land Rover on Wednesday said it has signed a letter of intent with its Chinese joint venture partner Chery to license the Freelander brand to their JV for development of electric vehicles in China. Under the proposed new licensing agreement, CJLR -- a 50/50 joint venture of Jaguar Land Rover Ltd and Chery Automobile Company Ltd - - will pivot to produce an advanced portfolio of electric vehicles based on Chery's EV architecture, exclusively under the Freelander name, the company said in a statement. JLR's Freelander brand was a Land Rover vehicle which was produced between 1997-2015. It was succeeded by the Discovery Sport in 2016. "In reborn CJLR form, Freelander will offer a range of mainstream electric vehicles, initially sold in China through a distinct network but over time destined for global export," the statement said. The vehicles will be designed in collaboration with both Chery and JLR's creative teams to create a new positioning in the rapidly .

Titan lines up aggressive expansion plans for Tanishq, other brands: MD

Tata Group's Titan Company Ltd has drawn up aggressive expansion plans across its various brand verticals, especially jewellery vertical Tanishq and saree label Taneira this year, a top official said. The company is also planning to launch its exclusive ladies' handbag brand store 'Earth' sometime later this year, Titan's Managing Director C K Venkataraman said. Titan is a joint venture between the diversified conglomerate Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO). Venkataraman was talking to reporters after unveiling one of the company's Helios watch stores along with the 59th jewellery store Tanishq and the 7th Taniera store at Pondy Bazaar, here. Taniera offers the best of Indian sarees under one roof. It offers handcrafted sarees along with a range of ready to wear blouses, kurtas, short tops among others, the press release said. The launch of the new brand outlets today marks a significant milestone in Titan's ongoing commitment towards aggressiv

Vivo to open India's largest smartphone plant in Greater Noida next month

The facility in Greater Noida boasts an annual production capacity of 120 million devices and has been established with an investment exceeding Rs 3,000 crore

Air India passenger recounts dirty seats, uncooked food on flight to Newark

In a social media post, the business-class passenger alleged delayed takeoff, unclean and non-functional seats, and to make the experience even worse, he was served uncooked food onboard the flight

India's air-conditioner market likely to reach Rs 50,000 cr by FY29: Voltas

The India room air-conditioners (RAC) market is likely to grow at a healthy CAGR of 12 per cent to reach Rs 50,000 crore by FY 2028-29, Tata group firm Voltas said in its latest annual report. The competition in the Indian RAC market has "intensified" with the presence of homegrown and leading foreign players, said Voltas, a market leader in the segment. Moreover, the competitive "intensity is going to increase" further in the near future, the company said while discussing challenges and opportunities. Factors like increasingly hot summers, rising disposable incomes, and the quest for a better lifestyle with easy access to consumer finance are likely to drive growth for this room air-conditioner segment. "The Indian RAC market is expected to grow at a healthy CAGR of 12 per cent to reach a figure of Rs 50,000 crores by 2028-29," said Voltas. Voltas sold over 2 million AC units in 2023-24, which, according to the company, was the highest number of ACs ever sold by any brand in a si

Shoplifting, employee theft: Indian retail firms see rise in shrinkage

Retailers noted that shrinkage is most pronounced in apparel, footwear, and fashion categories, with the next highest rates observed in gadgets such as mobile phones, smartwatches, and headphones

S&P puts six Tata Group cos on credit watch rating with positive outlook

S&P Global Ratings on Friday said it has placed credit watch ratings with positive implications on six Tata Group entities, citing possible increase in group support. The companies are Tata Steel Ltd, Tata Motors Ltd, Jaguar Land Rover Automotive PLC(JLR), Tata Power Co Ltd, TML Holdings Pte Ltd and ABJA Investment Co Pte Ltd, S&P Global Ratings said in a statement. The rating actions came ahead of a review of the relationship between the group's holding company, Tata Sons Pte Ltd (unrated), and its subsidiaries, it added. S&P Global Ratings said its review will assess whether the potential of extraordinary support for the group entities from Tata Sons is greater than what it previously factored. "This is due to increasing operational and management linkages within the group," the rating agency said, adding that Tata Sons has a record of supporting group entities in events of stress. The group provided material extraordinary financial support to entities such as Tata ...

Tata Group in talks to acquire a majority stake in Vivo's India unit

On June 12, a report emerged that the Centre may okay a joint venture between Indian and Chinese companies if the Indian partner holds a majority stake of at least 51 per cent in the firm