Page 30 - Tata Group

Air India borrows $120 million from Japan's SMBC to buy Airbus plane

Japanese lender SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement. SMBC said this is a secured debt facility through its Singapore branch, while Air India's GIFT City-headquartered arm AI Fleet Services is the borrower. The purchase is part of the mega announcement by the Tatas to buy a total of 470 aircraft from Boeing and Airbus, and AI has also contributed equity. According to some reports, an Airbus A350-900 aircraft is priced above USD 300 million. "SMBC Group is pleased to expand upon its long-established relationship with Tata Group through this deal," the lender's country head for India Hiroyuki Mesaki said. He added that this is the the bank's first-of-its-kind transaction for aircraft finance lease. Nipun Aggarwal, Ai

Air India starts rollout of new brand identity from Delhi, Mumbai airports

The new Air India livery will also feature on the A350 fleet and subsequently on other incoming aircraft

Tata Consumer Products in talks for acquisitions to expand globally: Report

CEO Sunil D'Souza hinted that the company would not acquire in the sector where there is already fragmentation like fizzy drinks and processed snacks

Tata Steel aims to complete Kalinganagar project expansion by Dec 2024

Tata Steel aims to complete expansion of its Kalinganagar project by December next year, a company official said. The company had commenced the second phase of expansion of its Kalinganagar project in Odisha in November 2018 to reach the production capacity of 8 million tonnes per annum, from 3 MTPA, with an investment of Rs 23,500 crore. "We are aiming to complete the project and make it operational by December end next year," Rajiv Kumar, vice-president, Operation, Tata Steel Kalinganagar (TSK), told PTI in an interaction. The project includes raw material capacity expansion, upstream and mid-stream facilities, infrastructure and downstream facilities including a cold rolling mill complex, he said, adding that the new blast furnace being installed is India's largest with 5,870 cubic metres (cum) of inner volume. The phase 2 expansion will increase the production of flat steel at the plant to meet the growing requirements of automotive, general engineering, oil & gas, lifting ...

Tata Power Solar Systems to supply solar modules worth Rs 418 cr to NTPC

Tata Power Solar Systems has bagged a Rs 418 crore order to supply 152 MWp solar PV modules for an NTPC project at Nokh in Rajasthan. Tata Power Solar Systems Ltd (TPSSL) has signed a contract to supply 152 MWp solar PV modules for NTPC's Nokh Solar PV Project in Rajasthan, the company said in a statement. According to the statement, the project holds a significant order value of about Rs 418 crore. The NTPC is developing 3x245 MW (735 MW) Nokh Solar Park at Pokhran, Jaisalmer, Rajasthan. The TPSSL's solar cell and module manufacturing plant in Bengaluru will supply 152 MWp DCR Solar PV Modules for this project, the statement added.

Tata Tech sets up vehicle-software focused Innovation Centre in Tamil Nadu

Global product engineering and digital services firm Tata Technologies has inaugurated a vehicle-software focused Innovation Centre in Tamil Nadu. The first kind of facility in Coimbatore, about 550kms from here, would focus on innovating solutions for global customers through development, testing and integration of vehicle software solutions. The company, in the first phase of operations, plans to employ 100 software professionals from the local community. Coimbatore is emerging as a key engineering hub in India with a vibrant engineering community and education ecosystem. The innovation centre would focus on vehicle software projects including embedded software development and testing, advanced driver assistance systems, connected vehicles, cyber security among others. "We are pleased to establish our presence in Coimbatore and contribute to the region's thriving engineering landscape. This strategic initiative will ensure a continuous exchange of talent, ideas and solutions, ...

Tata group companies, Larsen & Toubro top mcap gainers in market boom

The construction and engineering major Larsen & Toubro (L&T), however, tops in terms of percentage gains as the company added an additional Rs 2.4 trillion, or 49.1 per cent

Tata Motors reports highest-ever monthly retail sales in November

Tata Motors recorded its highest-ever monthly retail sales in November on the back of robust demand for its sports utility vehicles amid the festive period, according to a top company official. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the automaker retailed around 53,000 units in November, which was 8 per cent higher as compared to October this year and 30 per cent up as compared to sales in November 2022. The company also witnessed strong sales performance in the 47 days long festive period this year with registrations of around 79,374 units, up 18 per cent over the same period of last year. "We had a very strong festive season, which I would attribute mainly to the newly launched facelifted Nexon, Harrier, Safari and the iCNG range. And therefore, our VAHAN registrations, or real sale as we call it, was the highest ever in our history," Chandra said. He noted that the passenger vehicle segment is set to record its best eve

Tata Group company Tejas bags 5G RAN technology in Rs 12 crore deal

Tejas will be paying a Transfer of Technology (ToT) non-exclusive license fee of Rs 12 crore in multiple instalments based on technical milestones

Tata Passenger Electric Mobility arm ties up with 4 charge point operators

Tata Passenger Electric Mobility (TPEM) on Monday said it has tied up with charge point operators Chargezone, Glida, Statiq, and Zeon. The company, a part of Tata Motors, has inked a memorandum of understanding (MoU) with the four charge point operators (CPOs). TPEM will actively assist the four CPOs in installing chargers at locations most frequented by its EV owners and share insights on how the chargers are being used to help understand and enhance customer experience, the Mumbai-based auto major said in a statement. Through this MoU, TPEM will also work with Chargezone, Glida, Statiq, and Zeon to explore the possibility of rolling out a smart payment gateway through co-branded RFID cards, respectively, that will enable ease of payment for Tata EV users. "EV adoption is a national imperative to address urban pollution, and convenient charging infrastructure is a key enabler for driving faster EV adoption. The need of the hour for accelerating a nationwide charging ecosystem is

Tata Motors to hike commercial vehicle prices by up to 3% from January 1

Tata Motors on Sunday said it will hike prices of its commercial vehicles by up to 3 per cent from January 1, 2024, to offset the residual impact of the past input costs. The increase will be applicable across the range of commercial vehicles, Tata Motors said in a statement. Passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda and Audi have also announced plans to increase vehicle prices in January.

Tata Projects to raise up to Rs 750 cr via non-convertible debentures

TPL raised two subordinated NCDs of Rs 500 crore each in FY22 and FY23, which have a redemption tenure of six and half years and six years, respectively

Tata Group plans new iPhone factory to hasten Apple's India expansion

Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter.

Tata Group planning Rs 40,000 crore semiconductor unit in Assam: CM

Tata Group is planning to set up a semiconductor processing plant in Assam at an investment of about Rs 40,000 crore, Chief Minister Himanta Biswa Sarma said on Friday. Addressing a function here, he said it has approached the Centre for the final nod after discussions with the state government, and the go-ahead is expected soon. "There is a very good news for us. Tata Electronics Ltd has submitted an application for setting up an electronic centre at Jagiroad," Sarma said. "They have submitted a proposal to the Government of India with an outlay of about Rs 40,000 crore," he added. Jagiroad, in Morigaon district, is about 55 km from the state's largest city Guwahati. Sarma said the Tata Group held initial talks with the state government about the semiconductor assembly and packaging plant, and satisfied with the discussions here, they have approached the Centre. "If all goes well, we will see a major investment in the state which will create a positive environment for ...

Rs 17,000-crore TCS share buyback sees nearly seven times tendering

Shares of TCS last closed at Rs 3,617, up 0.4 per cent

Tata Motors lobbies against lowering EV import taxes as Tesla looms: Report

As India tries to boost domestic manufacturing and EV adoption, Tesla is proposing to set up an Indian factory, but is demanding lower import taxes for electric cars

Air India moves its computational workload to cloud; shuts two data centres

Air India has shut down its two data centres and has moved its computational workload to the cloud, a move that will help the loss-making airline save nearly USD 1 million annually. In a release on Tuesday, the Tata Group-owned airline said it has successfully migrated to a cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi. "The closure of the data centres will further result in net savings of nearly a million dollars every year," it said. The entire process of migration to the cloud was managed by Air India's people in Silicon Valley in the US, Gurugram and Kochi in India. The computational workloads were migrated to the cloud from several mainframes, hundreds of servers, a large amount of data, and hundreds of pieces of equipment. According to the release, the now-closed data centres were once used to drive innovations and automations across multiple spheres of the airline's commercial and financial functions. "We have adopted

Air India moves its IT infrastructure to Cloud, shuts down two data centres

Tata Group-owned airline said that the move is expected to help Air India save $1 million annually

TMS Ep578: Pre-election rally, JSW, Reliance & Tata e-commerce, My Lord

Will Assembly poll outcome trigger a pre-election market rally? What's behind JSW's entry in auto sector? Why're Reliance & Tata struggling in e-commerce? Why are judges called 'My Lord'? Answers here

TCS, Tata Motors, Titan, IHCL: Track key levels for Tata Group stocks

Among the Tata Group stocks, shares of Tata Motors could potentially top the Rs 900-mark, while a select few could gain in the range of 15 - 19 per cent from present levels.