Page 24 - Tata Group

Tata Mutual Fund launches six sectoral and thematic index funds

Schemes are based on infra, manufacturing, health care, realty sectors and themes, among others

Pegatron in talks to hand over its only iPhone plant in India to the Tatas

Tata, one the largest conglomerates in India, will operate the joint venture through its Tata Electronics unit, the second source said

Vistara cuts 10% daily flights in April to stabilise its operations

The cancellations mainly impact the airline's domestic flights and were planned in advance to minimise customer inconvenience

Tata Steel to stop operations of coke ovens at Port Talbot plant

Coke ovens are manufacturing plants or blast furnaces for making coking coal, a key raw material in steelmaking

One-third of Air India's staff hired in last two years: CEO & MD Wilson

Vistara airline, which is a 51:49 joint venture of the Tata Group and Singapore Airlines, is in the process of being merged into Air India

Two pilots' unions flag work culture concerns at Tata Group airlines

Two pilots' groupings on Thursday said the problems raised by Vistara pilots are not isolated but indicative of systemic issues across Tata Group aviation entities. In a detailed letter to Tata Group Chairman N Chandrasekaran, the Indian Commercial Pilots' Association (ICPI) and the Indian Pilots' Guild (IPG) urged the group to engage in a constructive dialogue with the pilot community. Tata Group has four airline ventures -- Air India, Air India Express, AIX Connect (formerly AirAsia India), and Vistara. IPG represents Air India pilots operating the airlines' wide-body fleet while ICPA represents pilots operating the single aisle aircraft. In recent days, Vistara has been forced to cancel more than 100 flights due to non-availability of pilots who are protesting against pay revision and other issues. "The pilots of Vistara have been steadfast in their advocacy for fixed 70 hours compensation, improved working conditions, and stable roster. "After thorough assessment and consulta

Tata group's Vistara could cut flights amid pilot shortage: Report

The cancellations and delays forced India's civil aviation ministry to intervene and monitor the situation, while the aviation regulator has sought daily information on flight disruptions

Vistara may see 70 more flight cancellations today amid crew shortage

Vistara airline, which is set to merge with Air India, is witnessing protests from pilots over revised salary contracts

Tata International appoints Rajeev Singhal as its managing director

Tata Group's global trading and distribution arm, Tata International on Monday announced the appointment of Rajeev Singhal as its Managing Director (MD). Singhal whose appointment to the new position is effective from April 1, succeeds Anand Sen, who superannuated on March 31, 2024, Tata International said in a statement. Prior to this, Singhal was Executive Director and Chief Operating Officer (COO) at Tata International. "We are confident that under his leadership, Tata International will scale to greater heights into its next phase of growth," said Noel N Tata, Chairman of Tata International. Singhal brings over 36 years of experience to his new position, having transitioned from Tata Steel, where he served in various positions including Vice President for marketing and sales for flat products, according to the statement.

Ombudsman for aviation sector is a good idea: Air India CEO Campbell Wilson

The MoCA spokesperson had on March 18 said the ministry will call a meeting to "compile" the views of stakeholders and review the proposal regarding Ombudsman

Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets

Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent

Tata Neu changes its look with a new UI, eyes online food delivery foray

Source in the know also said that the firm is likely to roll-out its food delivery services during the ongoing Indian Premier League (IPL)

Tata Group will move to 70% green energy by 2030: Chairman Chandrasekaran

Tata Sons Chairman N Chandrasekaran on Saturday said the conglomerate will move to 70 per cent green energy by 2030. He was addressing the convocation of XLRI-Xavier School of Management in Jamshedpur where he was honoured with the Sir Jehangir Ghandy Medal for Social and Industrial Peace. "Nation-building impulse is as relevant now as it was earlier. There are major energy transitions, digital transitions in the form of AI and machine learning, and supply chain transitions that we are facing today. But, India is uniquely placed because we can invest in each of these transitions today because of the geopolitical advantages that our country has," he said. He said that by 2030, the Tata Group will move to 70 per cent green energy. Chandrasekaran said the priorities of the conglomerate are simplification, synergy, sustainability, supply chain transformation and digital transformation. "These are achieved via integrity, sound strategy, great execution, good governance and consistent .

DGCA imposes Rs 80 lakh penalty on Air India for violating FDTL rules

On Friday, the regulator stated it conducted an audit of Air India in January to check compliance with regulations related to FDTL and the fatigue management system (FMS)

Budget carrier IndiGo forecasts slowdown in capacity growth next year

The carrier aims to add more than one aircraft to its fleet every week next year. As of Feb 29, it operated 366 planes, and had a further 960 on order

Weakness of Air India supported survival of airlines around India: CEO

Carrier now has the chance to seize market share and turn country into a traveller hub, says CEO Campbell Wilson

TCS BaNCS selected by Central Bank in US for core technology modernisation

Central Bank manages more than $20 billion in assets, serving more than 150 locations in 78 communities throughout Missouri, Kansas, Illinois, and Oklahoma

TCS slips 3% after 21 mn shares change hands in block deals on BSE

At 09:15 am; around 20.93 million equity shares representing 0.58 per cent of total equity of TCS changed hands on the BSE, the exchange data showed.

Tata Sons to sell up to 23.4 mn TCS shares in a deal worth $1.13 bn

Tata Consultancy Services' stock price closed at Rs 4,152.50 today, it is up 1% on one month and has gone up by 14.92% in six months

Air India lays off over 180 non-flying staff as part of fitment process

Air India has laid off more than 180 non-flying staff in recent weeks, sources said while the airline maintained that the affected people were not able to utilise the voluntary retirement schemes and reskilling opportunities. The loss-making Air India was taken over by the Tata Group in January 2022 and since then, efforts are being made to streamline the business model. An Air India spokesperson on Friday said that as part of the fitment process, employees in non-flying functions have been assigned roles based on organisational needs and individual merit. "A comprehensive process has been followed to assess the suitability of all employees over the past 18 months. During this phase, there have also been multiple Voluntary Retirement Schemes and reskilling opportunities offered to employees. "However, for less than 1 per cent of our employee base who have not been able to utilise VRS or reskilling opportunities, we have to part ways. We are honouring all contractual obligations dur