Page 34 - Tata Group

US DFC to invest $435 million in Tata Power's green energy subsidiary

The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors

Reliance Industries, Tata group partner Nvidia for India AI infrastructure

TCS will utilise the AI infrastructure and capabilities to build and process generative AI applications

After Reliance, Tata Group set to announce AI partnership with Nvidia

Reliance will create AI applications and services for their 450 million Jio customers and provide AI infrastructure to scientists, developers and startups across India

Tata Group's Titan to open nine new Tanishq stores in Gujarat by FY24-end

Tata Group's Titan Company plans to open nine new stores of its jewellery brand Tanishq in Gujarat in the coming months, taking the number of stores to 28 in the state by the end of this fiscal, a top company official said here on Friday. Moreover, the company is also planning to expand its overseas presence by opening international stores in countries including the United States and Australia in the near future, said C K Venkataraman, Managing Director of Titan Company Ltd. "We currently have 19 Tanishq jewellery stores in Gujarat. By the end of the financial year 2023-24 in March, we will add nine more stores in different cities of the state and take the tally to 28," said Venkataraman while talking to reporters after the re-launch of a Tanishq store in Shivranjani area of the city on Friday. New stores would come up in cities like Ahmedabad, Gandhinagar, Surat, Bhuj, Valsad and a few in Saurashtra region, said the Titan MD. To cater to the Indian diaspora living in other countri

Air India gets conditional approval from DGCA to restart simulator

As a result, Air India submitted the necessary paperwork, which included newly developed SOPs for preventive maintenance checks and a quality manual for the simulators, to the DGCA

From Bikaneri bhujia to India's top snack empire: The Haldiram's story

From a small chawl in Bikaner to being one of the most recognisable brands in India, here's the story of Haldiram's

Adani, Emirates, Tata interested in SriLankan Airlines, claims report

Private companies, including Tata Sons, Adani Group, and Emirates, engage in discussions as the Sri Lankan government looks to privatise SriLankan Airlines

Tata Consumer Products in talks to buy at least 51% stake in Haldiram's

Tatas are, however, not comfortable with the $10 billion valuation sought by the snack maker

Tata group gets ready to launch Tata Tech IPO, plans to raise Rs 5,000 cr

Group to launch IPO after a gap of 19 years

After Chandrayaan success, TCE looks to increase footprint in space

TCE reported a consolidated total revenue of Rs 1,137 crore for the financial year 2022-23, up 27 per cent year-on-year

Titan plans to take on partial debt to fund Caratlane's acquisition

Sontalia said that Caratlane ended FY23 with a 9 per cent EBITDA margin, he believes there is room for it to grow as 75-80 per cent is diamond jewellery

Tata Capital onboards Indian cricketer Shubman Gill as brand ambassador

The Non-Banking Finance Company (NBFC) anticipates a period of consistent, market-leading growth across its segments

Caratlane another jewel in Titan's crown; analysts positive on prospects

Although the Rs 4,621 crore deal may weigh on Titan's earnings in the short-term, analysts are positive on the long-term prospects

Titan set to buy out Esops of CaratLane staffers for Rs 350 crore

The transaction is anticipated to be finalised by October 31 of this year, subject to regulatory approvals

Beyond just optics: why brands find custom typefaces significant?

The announcement of Air India's new font and logotype as a part of its rebranding exercise has received mixed reactions on social media

CM Shinde presents Ratan Tata with 'Udyog Ratna', calls him an institution

Maharashtra Chief Minister Eknath Shinde on Sunday hailed industrialist Ratan Tata, the first-ever recipient of the 'Udyog Ratna' award instituted by the state government, as an "institution". Shinde also said industries in Maharashtra are the main strength of the growth engine. He was speaking at the Udyog Puraskar 2023 distribution ceremony here where he praised Ratan Tata. The 'Udyog Ratna' award was presented to the 85-year-old chairman emeritus of Tata Sons by Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in south Mumbai on Saturday. On Sunday, Adar Poonawalla of Serum Institute was honoured with the Udyog Mitra award while the Udyogini award was given to Gauri Kirloskar. The best Marathi businessman award was bestowed upon Vilas Shinde, the MD of Sahyadri Farmers' Producers Company. None of us have seen God, but it is believed that God is everywhere. We have selected a 'dev manoos' (Godly person) like Ratan Tata for the (first ever) Udyog

Industrialist Ratan Tata conferred with Udyog Ratna award by Maha govt

Veteran industrialist Ratan Tata was on Saturday conferred the first ever Udyog Ratna' award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai. The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC). Talking to reporters afterwards, Shinde said honouring Tata as Udyog Ratna' has enhanced the prestige of the award. The contribution of the Tata group in all sectors is immense. Tata means trust, he said. The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion.

Titan buys additional 27.1% stake in CaratLane for Rs 4,621 crore

Upon completion of the deal, Titan will hold 98.28 per cent of equity in CaratLane-a private company engaged in the manufacture and sale of jewellery

DTH system operator Tata Play reports net loss of Rs 105.25 cr in FY23

Leading DTH system operator Tata Play has reported a net loss of Rs 105.25 crore for the fiscal ended March 2023, according to financial data accessed by the business intelligence platform Tofler. The company reported a net profit of Rs 68.6 crore in FY22, as per the data. Its revenue from operations slipped 5.1 per cent to Rs 4,499.19 crore from Rs 4,741.07 crore a year ago. Tata Play (earlier knowns as Tata Sky) is not a publicly listed entity. However, it has earlier this year received approval from the capital market regulator Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs). The total expenses of Tata Play stood at Rs 4,691.25 crore in 2022-23. The total income of Tata Play, a JV between Tata Group and Rupert Murdoch-owned 21st Century Fox, fell 5 per cent to Rs 4,529.97 crore. Its total liabilities declined to Rs 8,658.22 crore in FY23 from Rs 9,198.1 crore in FY22. Its borrowings in FY23 rose to 2,787.35 crores from Rs

Voltas reports 19% increase in profit on surge in AC sales in June quarter

Voltas shares closed down 0.98% at 828.55 rupees ahead of the results