Page 31 - Tata Group

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.

Organic India, Ching's Secret to be acquired by Tata Consumer: Report

TCPL will acquire the controlling stake in Organic India at a valuation of Rs 1,800 crore. The valuation of Capital Foods is expected to be Rs 5,100 crore

Vibrant Gujarat 2024: Tata to soon start new semiconductor factory in state

Vibrant Gujarat Summit: 'Tata Group is about to complete negotiations surrounding semiconductor fab plant in Gujarat,' announced chairman N Chandrasekaran

Like trains, planes, buses; TV and OTT will co-exist: Tata Play chief

Like trains didn't go out of fashion even after a hundred years of airlines in operation, television is here to stay and co-exist with OTT, according to Tata Play MD and CEO Harit Nagpal. Commenting on the debate on whether streaming services on devices could sound the death knell for television, Nagpal, in an interview to PTI, said there will always be a segment of customers opting for TV in India. "There are people who own private planes, have commercial airlines gone out of business? No! Airlines business has been around... have trains and buses gone out of fashion? No! "Of the 300 million Indian homes, 140 million are yet to buy their first TV... So, it doesn't mean that if OTT has come, TV will go. They will co-exist," said Nagpal, who is out with his debut book, 'Adapt: To Thrive, Not Just Survive'. Admitting that there is a segment of people who have moved from TV to OTT, the 62-year-old here talked about recognising the other available segments, like those who till now coul

Tata Power Renewable Energy plans to invest Rs 70,800 cr in Tamil Nadu

Tata Power Renewable Energy Ltd (TPREL) plans to make investments worth Rs 70,800 crore for renewable energy projects in Tamil Nadu. The company, part of Tata Power, has signed two Memoranda of Understanding (MoUs) with the Tamil Nadu government to support the development of the state's renewable energy landscape and accelerate the country's clean energy transition, a regulatory filing said on Tuesday. The MoUs were signed on Monday. Under the first MoU, TPREL plans to explore opportunities to develop 10,000 MW of renewable energy power projects across solar, wind, hybrid, RTC (Round The Clock), peak, Firm and Dispatchable Renewable Energy (FDRE) over the next five to seven years. These renewable projects will be located over 50,000 acres of land in Tamil Nadu with an investment potential of nearly Rs 70,000 crore. This initiative has the potential to generate around 3,000 green job opportunities, according to the filing. The second MoU is to increase the investment commitment to

Tata Group to explore IPO for its auto component arm, Tata Autocomp Systems

Tata Autocomp Systems is wholly owned by Tata Group entities, with Tata Sons holding approximately 21%, and the remaining stake held by Tata Industries Ltd

Mcap club 2023: Tata group remains No 1; Murugappa, JSW in top 10

Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago

Tata Electronics to sign deal worth over Rs 12,000 cr with TN govt: Report

Reports suggest that Tata Electronics is gearing up to invest Rs 7,000 crore in the expansion of its Hosur plant, spread over a six-year timeline