Page 3 - Tata Group

Tata Group loses $75 bn in market value, slides to 2 yr low as risks grow

The group lost about $20 billion, over a fifth of this year's total decline, since Sept 19 after President Donald Trump tightened US work-visa rules, weighing on Tata Consultancy Services Ltd

Tata Consumer signs MoU with govt, to invest ₹2K cr in food processing

FMCG major Tata Consumer Products Ltd (TCPL) has plans to invest Rs 2,000 crore in the food processing industry in the next five years. It has signed a non-binding MoU with the government during the ongoing World Food India event here for the investment, the Tata group FMCG arm said in a regulatory filing, without disclosing any further details. "As part of Investment Promotion Activity for World Food India 2025, the Company has, today, signed a non-binding MoU with the Ministry of Food Processing Industries, Government of India, for an investment of up to Rs 2,000 crore over a period of 5 years," it said. However, TCPL also added that the proposed investment is "subject to financial evaluation of the individual projects and obtaining relevant corporate and statutory approvals" by the company. Hence, the details provided may vary, TCPL said. "Once the terms and conditions for investment are finalised, the company would make appropriate disclosures, if necessary," it said. TCPL ..

Tata Capital's IPO likely to hit market in the first half of October

Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue

GST cut will give impetus to demand: Tata Consumer's Sunil D'Souza

Tata Consumer MD Sunil D'Souza says GST cuts and increased government spending will put more money in consumers' hands, boosting demand and driving long-term growth

Trent stock slips 15% from Sept high; what's making the Street nervous?

Shares of Trent, part of the Tata Group companies, dropped to a five-month low of ₹4,848, falling 3 per cent on the BSE in Tuesday's intra-day trade.

India has world-class talent, 'right momentum' for chip growth: Merck exec

Merck EVP Hans-Joachim Neumann says India's industrial base and skilled talent make it globally competitive as Merck signs pact with Tata Electronics to boost semiconductor capabilities

Tata Sons board discusses A-I future; no decision on director appointments

Tata Sons discussed Air India's future plans but deferred filling vacant board seats after key retirements

Tata Trusts: Dispute among directors flares; Vice-Chair Vijay Singh exits

Singh's decision to step down may have been triggered by differences among board members over exercising the power to appoint a nominee director on the Tata Sons board

The lemon-plus problem in corporate rescues erodes enterprise value

Corporate rescues under IBC show that culture matters as much as capital-Air India's case reveals how hidden organisational baggage can shape rescue outcomes beyond financials

Tata Motors markets $4.5 bn loan for acquisition of Iveco's CV business

The planned deal would add to the rising number of loans to fund cross-border mergers and acquisitions that have originated from Asia Pacific this year

Closely monitoring situation, says Indian Hotels on malware incident

The country's biggest hospitality player Indian Hotels Company Limited has reported a malware incident, saying immediate action has been taken to contain the impact and secure its systems, maintaining that the Tata Group-owned firm is closely monitoring the situation while operating business as usual. Indian Hotels Company Limited (IHCL) informed about the incident in a regulatory filing on Thursday. "We would like to inform the exchanges that the Company has detected a malware incident, affecting select IT systems and immediate action has been taken to contain the impact and secure the systems. The relevant authorities have been duly notified. The Company continues to monitor the situation closely while operating business as usual," Indian Hotels Company Limited stated in the filing. Benares Hotels, a subsidiary of IHCL, also posted a similar regulatory filing on Friday, informing the stock exchanges regarding the IT security incident. Benares Hotels Limited is a listed public ...

TCS appoints Amit Kapur to lead newly formed AI and services unit

Kapur's appointment, effective from September, comes at a time when Indian IT companies are racing to adopt and offer more AI products to their clients to attract tech spending

Sajith Sivanandan appointed Tata Digital CEO & MD, to take over on Sept 1

Sivanandan, who has led Jio Mobile Digital Services and Disney+ Hotstar, will take over Tata Digital after a leadership vacuum since Naveen Tahilyani's exit in May

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51 per cent stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand. The transactions to be executed via cash consideration are expected to be completed by November 15, 2025. The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51 per cent equity stake for an amount not exceeding Rs 110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India, IHCL said. The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which ...

Tata Group CEOs see broad-based FY25 pay hikes led by growth sectors

Top Tata Group executives saw an average 19.2% pay hike in FY25, driven by profit growth in consumer, hospitality, and tech units, while heavy industries stayed muted

Tata Steel eyes ₹7k cr gross merchandise value from 'Aashiyana' in FY26

Tata Steel is aiming to double the gross merchandise value (GMV) to around Rs 7,000 crore of its homebuilding e-commerce platform Aashiyana' in the 2025-26 fiscal, a senior company official said. The steel major is also considering onboarding non-Tata Steel products for the first time to expand offerings in the domain, he said. All of the GMV on Aashiyana' currently comes from Tata Steel products, but we do plan to expand our offerings in the near future, Tata Steel VP (Long Products) Ashish Anupam told PTI. The platform recorded a GMV of Rs 3,550 crore in 2024-25, registering a 60 per cent year-on-year growth, and with the rollout of Aashiyana 3.0' the newly launched version of the platform Tata Steel expects to double the GMV over the next one year, he said. Initially launched as a transactional e-commerce site, Aashiyana' has now evolved into a full-fledged content-to-commerce ecosystem designed specifically for individual home builders (IHBs) a largely unorganised but ...

Air India raises pilots' retirement age to 65, non-flying staff to 60

Air India has decided to increase the retirement age for pilots to 65 years and for non-flying staff to 60 years, sources said on Friday. At present, the retirement age for both pilots and non-flying staff at the airline is 58 years. The announcement about increasing the superannuation age was made at the airline's townhall addressed by CEO and MD Campbell Wilson, the sources said. Air India pilots' retirement age will be increased to 65 years and that of non-flying staff will be raised to 60 years, a move that will also bring their superannuation age at par with erstwhile Vistara. There was no official comment from Air India. Tata Group-owned Air India has around 24,000 staff, including about 3,600 pilots and nearly 9,500 cabin crew members It could not be immediately ascertained whether the retirement age for cabin crew, which is currently 58 years at Air India, has been increased or not. In recent times, some pilots and cabin crew members have quit the airline. According to

Trent Q1 results: PAT up 8.6% at ₹424.7 cr on strong retail performance

Tata group retail firm Trent Ltd on Wednesday reported an 8.6 per cent increase in consolidated net profit to Rs 424.7 crore in the June quarter, driven by steady performance across formats. The company had posted a consolidated net profit of Rs 391.2 crore in the June-April period a year ago, Trent Ltd said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 4,883.48 crore compared to Rs 4,104.44 crore in the year-ago period, it added. Total expenses in the period under review were higher at Rs 4,368.59 crore against Rs 3,703.96 crore in the same period of the previous fiscal, said the company that runs different retail chains under brands, including Westside and Zudio. "The business delivered a steady performance during the quarter. We remain focused on evolving our differentiated consumer proposition that appeals to a wider audience across diverse markets," Trent Ltd Chairman Noel N Tata said. Notwithstanding continuing competitive ...

Leadership call, control, and continuity; what's brewing at the Tata group

In extending the term of executive chairman N Chandrasekaran, Tata Trusts has added additional clauses as adjuncts in the group's leadership journey

Tata Capital IPO: Know key risks, strengths from Tata Group's NBFC DRHP

According to the Reserve Bank of India (RBI) regulations for upper-layer NBFCs, Tata Capital is required to complete its public offering by September 2025