Page 24 - Tata Group

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

Tata Group considering buying Walt Disney's minority stake in TV Platform

The companies are in preliminary talks about an acquisition of Disney's significant minority stake, which would value Tata Play at about $1 billion or more, the people said

Maha govt new owner of iconic Air India building, pays Rs 1,601 cr

The Maharashtra government has become the owner of iconic Air India building with the Union government approving transfer of the asset on Thursday. The Maharashtra government bought the Air India building at Nariman Point in Mumbai for Rs 1,601 crore. "GoI has approved transfer of Air India building, Mumbai of AI Assets Holding Company Ltd (AIAHL) to Government of Maharashtra (GoM) at consideration of Rs.1601 cr. GoM has agreed to waive dues of Rs. 298.42 cr, which would have been otherwise payable by AIAHL to GoM for this transaction," DIPAM Secretary Tuhin Kanta Pandey said in a post on X. AIAHL, a Government of India company under administrative control of Ministry of Civil Aviation, was set up in 2019 for holding non-core assets and debt of Air India. The non-core assets of Air India, including land and building, valued at Rs 14,718 crore was transferred to AIAHL after it was set up by the government as a precursor to the sale of Air India for holding the debt and non-core ass

Tata Electronics bets big on Singapore-based semiconductor co Silicon Box

Silicon Box specialises in chiplet technology which is considered an advance over traditional chip making

Will create 72,000 jobs through semiconductor plants: Chandrasekaran

The Tata group chairman said that the company's Assam plant will lead to a lot of prosperity and jobs in the state

Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran

Tata Electronics plants will gradually serve all sectors in a phased manner by supplying chips and generate around 72,000 jobs over the years, Tata Sons Chairman N Chandrasekaran said here. While speaking on the sidelines of the groundbreaking ceremony of Tata Electronics' Rs 91,000 crore chip manufacturing plant and Rs 27,000 crore chip assembly facility in Assam, Chandrasekaran said there will be the expansion of projects but only after the company cross the early milestones. He said Tata Electronics chips will cater to the requirements of various sectors, including automotive, power, electronics, consumer, and medical, among others. "There is a whole range of sectors, which have a need for chips in this sector. Obviously, we can't produce all form factors on Day 1. It will happen in stages, but we will be serving all sectors," Chandrasekaran said. Tata's chip plant is capable of producing wafers in 28 nanometers (nm) to 110 nanometer nodes, the chairman noted. High-tech gadget

First chip from Dholera plant will be out in December 2026, says Vaishnaw

The first set of semiconductors will start rolling out from Tata Electronics' plant here in December 2026, union minister for communications and IT Ashwini Vaishnaw said on Wednesday. Speaking at the ground-breaking ceremony of Tata Group and CG Power chip plants, Vaishnaw said India will be among the top five chip ecosystems in the world by 2029. "The first chip from Dholera plant will be out in December 2026 and chip from Micron plant will be out by December 2024," the minister said. He said Tata's Dholera plant will make chips in 28, 50, 55 nanometer node. Prime Minister Narendra Modi on Wednesday laid the foundation of three chip plants -- two units by Tata Electronics and the third by CG Power -- entailing total investment of Rs 1.26 lakh crore. The three plants include the country's first high-tech chip manufacturing plant of Tata Electronics which the company is setting up in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corp at Dholera's special industria

PM Modi lays foundation for semiconductor projects worth Rs 1.25 trillion

The 3 semiconductor projects include the Semiconductor Fabrication Facility at the DSIR in Gujarat, the OSAT facility in Morigaon, Assam, and another OSAT facility in Sanand, Gujarat

Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn

The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent