Page 26 - Tata Group

Tata group will remain committed to integrity, innovation: Chandrasekaran

Tata Sons Chairman N Chandrasekaran on Sunday said the conglomerate would continue to uphold the legacy of its founder Jamsetji Tata, and remain committed to the principles of integrity, innovation and social responsibility. Chandrasekaran was addressing a gathering at the Postal Park in Bistupur in Jharkhand's Jamshedpur after paying homage to Jamsetji Tata on his 185th birth anniversary. He was accompanied by Tata Steel CEO and MD TV Narendran. "Our founder, Jamsetji Tata, envisioned a future where industry would be a force for positive change, and it is with great pride that we continue to uphold his legacy. In this occasion, we reaffirm our commitment to the principles of integrity, innovation, and social responsibility that have guided us since our inception," Chandrasekaran said. "We will continue to work together with the community to build a brighter, more prosperous future for Jamshedpur and its residents," he added. Later, he inaugurated an exhibition at Steelennium Hall

Govt clears 3 chip plants: Tatas have built their own tech, says Vaishnaw

The Tatas have built their own indigenous ATMP technology. So we won't require a foreign technology partner here

Tata's semiconductor unit in Assam to be gamechanger for NE: CM Himanta

Assam Chief Minister Himanta Biswa Sarma said the Rs 27,000-crore semiconductor plant approved for the state by the Union Cabinet on Thursday will be a game-changer for the economy of the entire North East region. The plant will trigger a new Industry 4.0 revolution in the state, he added. The Union Cabinet approved setting up three semiconductor-making units at an investment of Rs 1.26 lakh-crore as part of an attempt to cut India's dependence on imports to meet requirements of chips, of which one will be in Assam. Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) will set up a semiconductor unit in Morigaon, Assam, at an investment of Rs 27,000 crore. It will have a capacity of 48 million chips per day for automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Construction of the three units will begin within the next 100 days, Telecom Minister Ashwini Vaishnaw told reporters after the cabinet meeting. "People of Assam will remain eternally grateful

How India is betting big on the global outsourced semiconductor play

The Cabinet today cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner

DGCA fines Air India Rs 30 lakh over failure to provide wheelchair

The 80-year-old passenger died of heart attack after he walked from plane to the terminal in Mumbai airport

Tata Group firm Agratas to build UK's biggest EV battery plant in Somerset

Agratas, Tata Group's global battery business, on Wednesday confirmed that it will build Britain's biggest electric vehicle battery manufacturing facility in Somerset, south-west England. The so-called gigafactory, announced last year, will be built on the Gravity Smart Campus near Bridgwater in Somerset with a community-first approach, involving locals to learn more about and be a part of the project. The company said the 40 GWh factory is set to contribute almost half of the projected battery manufacturing capacity required for the UK automotive sector by the early 2030s. "Our multi-billion-pound investment will bring state-of-the-art technology to Somerset, helping to supercharge Britain's transition to electric mobility whilst creating thousands of jobs in the process, said Tom Flack, CEO of Agratas. "We care deeply about the communities we operate in, so it's imperative to us that we work with, and listen to, our new neighbours as we build our factory in Somerset. That's why .

Govt's semiconductor strategy makes progress with $21 billion in proposals

Israel's Tower Semiconductor Ltd. is proposing a $9 billion plant, while India's Tata Group has put forward an $8 billion chip fabrication unit

Tata Capital seeks shareholders' nod on related party deals with Tata Steel

RPTs with Tata Steel to rise to Rs 12,000 cr

We don't see hiring going down due to generative AI: TCS CEO K Krithivasan

His comments come at a time when the hiring done by industry has come down significantly. For instance, in FY23 the industry added a total new headcount of 290,000. This has fallen to 60,000 in FY24.

Tata Group in talks with two Taiwanese companies for chip plant in Dholera

Tata Group has also reportedly finalised the details of the land and will break ground soon

At $365 billion, Tata Group's market cap more than Pakistan's economy

The market capitalisation of Tata Group stood at $365 billion, while the IMF estimated Pakistan's GDP to be almost $341 billion

Tata Capital's risk adjusted capital to improve to 10% in 2 years: S&P

Company to benefit from infusions by the Tata group and planned IPO, says rating agency

Tata group considering spinoff of battery business Agratas Energy Storage

A listing may value Agratas at $5 billion to $10 billion depending on its growth and market sentiment, they said. A representative for Tata declined to comment

Tata Group, Uber in talks for partnership to drive digital engagement

Tata Neu has faced challenges with stagnant user growth and low customer engagement and may be looking to collaborate with Uber to boost traffic volumes

RIL in talks for stake in Tata Play, may buy Disney's 29.8% share

JioCinema may offer entire content suite to Tata Play customers

TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti

Tata Capital to raise Rs 20K crore via NCDs to boost core lending biz

Tata's Financial Services arm plans to launch NCDs as demand for retail loan rises

To break glass ceiling', Tata Steel invites applications from transgenders

Tata Steel has taken a "significant step towards promoting inclusivity" by inviting applications from transgender candidates for various positions across multiple locations, the company said. As a leading global steel company, Tata Steel recognises the importance of breaking the glass ceiling and mainstreaming transgender people in society, it said. "Transgender candidates with any of the following qualifications can apply: Matriculation in English or ITI or graduation in any discipline or diploma in engineering in any discipline from any institute recognised by AICTE or UGC or Degree in BE/B Tech in any discipline from any institute, recognised by AICTE or UGC," Tata Steel said in a notification. The last date for filing applications is February 15. All shortlisted candidates will undergo a selection process, which may include a written test and interview as per the requirement, it said. In February 2022, the steel giant had expanded its transgender employee base by onboarding 12

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

TCS mcap share in Tata group falls below 50%, a first in more than a decade

The rally in the Tata stocks has been by smaller companies while Tata Consultancy Services (TCS) - the biggest company in the group by market capitalisation- has been a laggard