Page 28 - Tata Group

India-France defence industrial roadmap; Tata, Airbus sign helicopter deal

India and France on Friday unveiled ambitious defence industrial roadmap to co-develop critical military hardware, firmed up a space situational awareness programme even as the Tata Group and Airbus announced to jointly build H125 helicopters following talks between Prime Minister Narendra Modi and French President Emmanuel Macron. Foreign Secretary Vinay Kwatra, announcing the outcomes of Thursday's Modi-Macron talks in Jaipur, said a scheme for exchange of professionals in the age bracket of 18 to 35 years and activation of Schengen visas with a five-year validity for Indian postgraduate alumni alumni of French institutions were among other key decisions. The two sides inked a total of nine agreements that would provide for cooperation in a large number of areas including defence-space partnership, satellite launches boosting engagement in the healthcare sector and scientific research. The pacts inclucded the defence industrial roadmap and the Tata-Airbus deal. The two sides also

Tata group, Airbus team up to make helicopters; Thales' MRO on cards

India, France adopt joint defence production road map

Air India operating 41% more flights since Tata takeover, shows data

The emphasis on international expansion for Air India is driven by higher demand and more lucrative opportunities in that segment

Air India to induct 68 new aircraft in 2024, says CEO Campbell Wilson

The airline started the commercial operations of its first A350 aircraft on January 22, with a flight from Mumbai to Chennai

Regulator fines Air India Rs 1.1 cr for violating flight safety rules

Tata Group-run airline was under DGCA's scrutiny in 2023, was asked to pay Rs 30 lakh as fine earlier this month

Govt evaluating 9 proposals on semiconductor manufacturing: MoS IT

The Centre provides financial assistance to semiconductor manufacturers under its $10-billion incentive scheme, announced in 2021

Mumbai Marathon: 74-year-old participant among two dead; 22 hospitalised

Two participants, including a 74-year-old man, collapsed and died during the annual TATA Mumbai Marathon, which was held here on Sunday, a police official said. According to the police official, 22 persons who took part in the running event were hospitalised for dehydration and other reasons. The deceased participants were identified as Suvradeep Banerjee (40) from Kolkata and Rajendra Bora (74) from Mumbai. Banerjee, a seasoned full marathoner and software engineer, collapsed near the Haji Ali Junction, while Bora slumped to the road near a petrol pump close to a popular pizza joint opposite Marine Drive, the official added.

Tata Group bags five-year IPL title sponsorship rights for $300 million

Backed by celebrity franchise owners and featuring the best players in international cricket, IPL has become the world's richest T20 tournament with an estimated brand value of $8.4 billion

IPL breaks sponsorship records, Tata group secures sponsorship rights

The Board of Control for Cricket in India (BCCI) on Saturday awarded the title sponsorship rights for the Indian Premier League (IPL) to TATA Group for a period of five years

HC sends summons to TATA SIA Airlines on minor's plea for Rs 2.5 cr damages

The Delhi High Court has issued summons to TATA SIA Airlines, which operates Vistara, on a plea by a minor and her parents seeking more than Rs 2.5 crore damages for bodily injuries the child suffered after a hot beverage was allegedly spilled on her by a flight attendant. Justice Anup Jairam Bhambhani said summons be sent to the defendant, TATA SIA Airlines Ltd, which is a joint venture between Tata Sons and Singapore Airlines, by all permissible modes and it shall file a written statement along with an affidavit of admission or denial of the documents filed by the plaintiffs within 30 days. "Upon a prima facie conspectus of the matter, let the plaint be registered as a suit. Issue summons in the suit," the court said. It listed the plea for March 6 for hearing the interim application in which the plaintiffs have sought a direction to the airline to remove the official statement relating to the incident and to restrain it from publishing any defamatory contents against them or ...

Tata Steel to shut blast furnaces at Port Talbot plant, 3,000 jobs at risk

The closures are part of company's plan to transition to more sustainable, green steel business

Tata Consumer Products to raise $782 mn through issue of commercial papers

Tata Consumer Products said on Friday it will raise up to 65 billion rupees (about $782 mn) through issue of commercial papers and rights issue of shares

Airbus signs agreement with Tata, Mahindra for aircraft components

Airbus on Thursday said it has signed contracts with Tata Advanced Systems Limited (TASL) and Mahindra Aerospace Structures Private Limited (MASPL) to procure commercial aircraft components. Under the contract, TASL and Mahindra Aerostructures will manufacture metallic detail parts, components and assemblies for Airbus' A320neo, A330neo and A350 programmes, a press release from Airbus said. The two companies are already among more than 100 India-based suppliers that provide components and engineering and digital services for various Airbus programmes. Airbus has made Make in India' front and centre of its strategy in the country. Our ambition is not only to support the growth of the Indian commercial fleet but also to grow the complete aerospace ecosystem here and that includes developing and strengthening manufacturing and engineering capabilities from our Indian partners, said Rmi Maillard, President and Managing Director of Airbus India and South Asia. Tata Advanced Systems and

No rebranding plans for Ching's Secret, Smith & Jones, Organic India: Tata

Tata Consumer is set to acquire a controlling stake in Organic India at a valuation of Rs 1,800 crore and a 75 per cent stake in Capital Foods at a valuation of Rs 5,100 crore

Tata unit Agratas in India in talks for green loan of up to $500 million

The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the UK. Its facilities are designed to be powered by clean energy, according to company's website

TMS Ep609: Tata Group, $100bn agri-export, Tata Motors stock, Gabriel Attal

How is Tata Group reinventing itself? Can India touch $100 billion in farm exports by 2030? Will Tata Motors' rally hit a speed breaker? Why is France's new PM in the news? All answers here

Tata Consumer Products plans Rs 3,500 cr rights issue for acquisitions

TCPL aims to diversify into high-margin, value-added food segments beyond commodities through its acquisitions of Capital Foods and Organic India, valued at Rs 7,000 crore

Will look for more organic, inorganic buys: Tata Consumer Products MD & CEO

Tata Consumer Products announced that it has signed pacts to acquire Capital Foods and Organic India, Sunil D'Souza talks about the reason behind both acquisitions

Tata Motors commences production at Sanand plant it acquired from Ford

Tata Motors on Friday said it has commenced production at its new production facility at Sanand in Gujarat. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, had acquired the facility from Ford India for Rs 725.7 crore in January last year. "We have successfully retooled the factory in the shortest span of 12 months, taking it to a new level to accommodate a wide range of existing products and future new models to come," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility (TPEM) MD Shailesh Chandra said in a statement. The facility will play a pivotal role in steering Tata Motors, especially TPEM, towards achieving newer feats, he added. "With existing capacities near saturation, this new facility will unlock an additional manufacturing capacity of 3 lakh units per annum which is scalable to 4.2 lakh units per annum," Chandra said. The plant, which would be the company's second in Gujarat, would roll out both Internal Combustion Engine (ICE) and electric

NCLT sanctions merger of Tata Metaliks into its parent Tata Steel

The National Company Law Tribunal has sanctioned the amalgamation of Tata Metaliks Ltd into its parent Tata Steel, which led to the cancellation of board meeting ahead of financial results announcement of the subsidiary firm. According to a regulatory filing by Tata Metaliks, the board meeting, scheduled for January 12, to declare company's financial results has been cancelled. The National Company Law Tribunal (NCLT) Mumbai on Thursday pronounced the order sanctioning the scheme of amalgamation amongst Tata Metaliks into parent Tata Steel Ltd, the company said. "With the pronouncement of the order...the financial results of Tata Metaliks for the quarter and nine months ended December 31, 2023, shall be considered along with the financial results of Tata Steel," the filing said. Shares of Tata Metaliks were trading 0.96 per cent higher at Rs 1,067.55 apiece on the BSE.