Page 33 - Tata Group

Tata considering sale of Voltas home appliance business, say reports

Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said. A representative for Tata Group declined to comment

Tata Group and Vedanta offer lessons in India's industrial policy

Tata, at least, has already made the right start. By its own account, Tata Electronics is a "venture of the Tata group with expertise in manufacturing precision components."

Tata group companies raise $660 mn as overseas debt to fund operations

Bankers said the group's good track record in repaying debt on time has helped it raise funds at competitive rates from overseas

Tata Motors Q2 result: Auto major reports net profit of Rs 3,764 crore

Tata Motors said it remains optimistic about its performance due to a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth

Apple Inc looking to further localise its 'Make-in-India' iPhones

For enclosures, Apple Inc has tied up with the Tatas, who have recently started exporting some of these products to China

iPhones assembled by Tatas to be a reality as Wistron clears plant sale

$125 mn estimated cost for buying K'taka unit

Weekend Bites: Bears rule, biggies declare results, feeble campus hiring

In which we munch over the week's platter of news and views

Air India appoints Klaus Goersch as executive vice-president and COO

Goersch, in this newly created role, will oversee flight operations, engineering, ground operations, integrated operations control (IOCC) and cabin crew functions

Tata Group to make iPhones in India for global market: Rajeev Chandrasekhar

Union Minister Rajeev Chandrasekhar said on Friday that the manufacture of Apple iPhones would start within two and a half years

Air India announces senior level appointments; Klaus Goersch new COO

Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments. In the newly-created position at the airline, Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions. Air India said incumbent chief of operations R S Sandhu will transition to an advisory role. In a release, Air India said Goersch's role includes focus on the harmonisation of the four Tata airlines' operating procedures, the Airbus A350 entry-into-service programme and assisting the team establishing the carrier's new training academy. A licensed B777/787 pilot, he had served in similar positions in both British Airways and Air Canada. Air India has also announced the appointment of Manish Uppal, who transitioned from AirAsia India a few months ago, as Senior Vice President for flight operations. Besides, Henry Donohoe's corporate saf

Tata Sons to infuse Rs 2,000 crore in loss-making subsidiary Tata Tele

For the first half of the ongoing financial year, the company reported a loss of Rs 672 crore on total income of Rs 1,046 crore, according to filings with the stock exchanges

Rallis India Q2 results: PAT up 13.88% to Rs 82 crore, revenue down 12.51%

Tata group firm Rallis India on Wednesday reported a 13.88 per cent growth in profit after tax (PAT) for the quarter ending September 30 to Rs 82 crore compared to the same period of the previous financial year. The company posted a PAT of Rs 72 crore for the corresponding period of the previous fiscal, Rallis India said in a regulatory filing. However, revenue from operations of the company declined by 12.51 per cent during the quarter under review at Rs 832 crore compared to Rs 951 crore in the same period of the previous year. Our revenue has been affected by weak export demand, falling prices and erratic rainfall in the domestic market. "Although our revenue for the second quarter of FY24 was lower at Rs 832 crores compared to Rs 951 crores of the same period of the previous year, margins have improved through better product mix and cost optimisation activities across businesses," Rallis India Managing Director and CEO Sanjiv Lal said. He said the company's crop care revenue w

TCS to revise rates for staffing cos to enhance transparency, better talent

The changes in rate cards are for contract staffing employees and not for permanent employees. TCS is revamping its hiring mechanism

Tata-owned Air India Express to double its pilot count in next one year

Air India Express is in the process of merging low-cost domestic carrier AirAsia India with itself, and last week unveiled its new brand identity

Voltas working to transform into a full-fledged home appliance maker

Voltas is also reviving its plan to make AC compressors locally in partnership with a South Korean or Japanese firm

Air India starts programme to boost pilots' mental health: CEO Wilson

DGCA had in February asked airlines to institute such a programme for pilots, cabin crew members and air traffic controllers

Tata Group considers topping up another $1 billion for super-app arm

Deliberations are ongoing and details of Tata Group's capital injection into the venture could still change, the people said. A representative for Tata Group declined to comment

Tata Steel to acquire 26% stake in Tata Power Renewable Energy arm TPVSL

Tata Steel on Thursday said it will acquire a 26 per cent stake in TP Vardhaman Surya Ltd (TPVSL), an arm of Tata Power Renewable Energy Ltd. The company did not disclose the transaction value. It will also source 379 megawatt (MW) of clean energy from Tata Power Renewable Energy Ltd (TPREL), Tata Steel Ltd (TSL) said in a statement. TSL has concluded the negotiations to enter into definitive agreements with TPREL to acquire 26 per cent in TPVSL, currently a wholly-owned subsidiary of TPREL. TSL will also enter into an agreement with TPREL to source 379 MW of renewable power, the statement said. Tata Steel CEO and managing director T V Narendran, said: "Our partnership with Tata Power Renewable Energy marks a pivotal step in Tata Steel's sustainability journey towards achieving net zero carbon emissions by 2045. We stay committed to reducing our environment footprint and transitioning towards clean, green energy solutions.

NCLT approves Tata Steel Long Products' amalgamation with Tata Steel

Tata Steel Long Products Ltd on Thursday said the National Company Law Tribunal (NCLT) has approved the amalgamation of the company with Tata Steel Ltd. Tata Steel is to merge Tata Steel Long Products and six other subsidiaries with itself. In a regulatory filing, Tata Steel Long Products said the NCLT's Cuttack bench, on October 18, sanctioned the scheme of amalgamation of the company with Tata Steel. Earlier, Tata Steel CEO & MD T V Narendran had said the merger of the subsidiary companies with itself is expected to be completed in 2023-24. The subsidiaries to be merged with Tata Steel are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining Company.

A-I Express unfurls new logo, livery; to induct 50 planes in 15 months

Air India Express said it has a fleet of 58 aircraft comprising 28 Boeing 737s and 28 Airbus A320s