Page 34 - Tata Group

TCS ties up with Amazon Web Services to launch generative AI practice

The country's largest IT services exporter TCS on Monday announced its tie-up with Amazon Web Services to launch a dedicated generative artificial intelligence practice. The Tata Group company recently announced that it has imparted foundation training on GenAI for 1 lakh employees across the world. The practice will focus on using responsible AI frameworks and its "Paceport innovation hubs" to build a comprehensive portfolio of solutions and services for every industry sector, as per an official statement. It has already bagged a customer, with the world's largest hotel franchising company Wyndham Hotels and Resorts extending its strategic partnership with TCS and AWS to manage its digital transformation journey. Generative AI has captured the attention of enterprises globally for its potential to significantly reshape industries, the statement said, adding that TCS has already been working on GenAI with clients. TCS is at present focused on certifying over 25,000 employees on AW

Tata Steel appoints Akshay Khullar as VP of Engineering and Projects

Tata Steel on Monday announced the appointment of Akshay Khullar as the Vice President Engineering and Projects of the company. Tata Steel has also re-designated Peeyush Gupta as the Vice President TQM, group strategic procurement and supply chain of the company. "In terms of the company's succession plan for Senior Management Personnel, Akshay Khullar is being appointed as the Vice President Engineering & Projects (Designate), effective December 1, 2023 and as the Vice President Engineering & Projects, effective February 1, 2024," Tata Steel said in a regulatory filing. While Peeyush Gupta, currently serving as the Vice President Group Strategic Procurement and Supply Chain will lead the Total Quality Management (TQM) function, in addition to his current responsibilities, it said. Accordingly, effective February 1, 2024, Gupta will be re-designated as the Vice President TQM, Group Strategic Procurement and Supply Chain. In the filing, Tata Steel also announced ...

Tata Technologies IPO: Company finalises offer price at Rs 500 per share

Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. "...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing. The public issue had a price band of Rs 475-500 per share. Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to

Probing data breach claim, no current security issue detected: Tata's IHCL

Tata group hospitality firm Indian Hotels Company Ltd on Thursday said it is investigating claims of a data breach, but asserted there is no suggestion of any current or ongoing security issue. According to a media report, there has been a personal data breach of 15 lakh users from the Taj Hotel database, which is available on the dark web for purchase at USD 5,000. "We have been made aware of someone claiming possession of a limited customer data set which is of non-sensitive nature," Indian Hotels Company Ltd (IHCL) spokesperson said in a statement. Asserting that safety and security of customers' data is of paramount importance to the company, the spokesperson said, "We are investigating this claim and have notified the relevant authorities." The spokesperson further said, "We continue to monitor our systems and there is no suggestion of any current or ongoing security issue or impact on business operations." IHCL runs a number of hospitality properties under the Taj, SeleQtion

IREDA IPO subscribed 38.8 times; Tata Technologies, Gandhar at 15x

IREDA has set the price band for its IPO between Rs 30 and Rs 32 per share

Titan hits new all-time high; enters Rs 3 trillion market-cap club

The stock hit a new high of Rs 3,400, up nearly 2 per cent on the BSE in Tuesday's intra-day trade on expectations of healthy December quarter earnings

Tata Motors commences sales of its commercial vehicles in Thailand

Tata Motors on Tuesday said it has commenced sales of its commercial vehicles in Thailand. The company said it has introduced a line-up of trucks, including Super Ace, Ultra T.9, Ultra T.14 and the flagship Prima 5038.S, with a gamut of value-added services, in the country. In April this year, Tata Motors announced a strategic partnership with Inchcape plc as its distributor for commercial vehicles in Thailand. Inchcape plc will also establish an extensive network of 13 customer touchpoints -- including sales, service and spare parts -- strategically located to provide seamless assistance to its customers. "Jointly with Inchcape, we are confident of delivering complete peace of mind to our customers with our strategically located sales and service touchpoints in Thailand," Tata Motors Commercial Vehicles Head (International Business) Anurag Mehrotra noted. At the outset, Inchcape will offer the Super Ace, Ultra T.9, Ultra T.14 and the flagship Prima 5038.S to address the varied

TCS to take $125 mn hit to Q3 earnings over US trade secret lawsuit

The US Supreme Court on Monday rejected TCS' appeal against a verdict passed by the District Court of Wisconsin, upholding an order that includes $140 million in punitive damages

Titan plans to hire over 3,000 employees in next 5 years across domains

The Titan Company on Tuesday said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others. The company is looking for professionals with specialised skills such as data analytics, cyber security, product management, digital marketing and other new-age skills amongst others, a company statement said. "We are embarking on an exciting journey towards becoming a Rs 1,00,000 crore business in the next 5 years. Our aggressive hiring strategy of adding 3,000 people in the next 5 years reflects our dedication to hire a diverse and talented workforce. "We believe that alongside growing our own people it also helps to bring in experts from various fields, young and experienced. This will accelerate our growth and innovation, strengthening our position in the industry," Titan Company Head HR- Corporate and Retail, Priya Mathilakath Pillai said in a statement. Currently, 60 pe

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500

Tata Power Renewable Energy adds 1.4 GW in group captive projects

Tata Power Renewable Energy Ltd (TPREL) on Monday said it has added 1.4 GW group captive projects to its portfolio in the last six months in India. With the addition of these group captive projects, TPREL said its overall renewables capacity reached 7,961 MW as of October 2023, a company statement said. The portfolio comprises 3,755 MW projects in different phases of development, it added. Its operating 4,206 MW capacity includes 3,200 MW in solar projects and 1,006 MW in wind projects. TPREL has added 1.4 GW capacity of group captive projects in the last six months (June-November), the statement stated. This achievement is the result of the signing of Power Delivery Agreements (PDA) with various industries across segments, it explained. Some of the prominent group captive projects that TPREL has signed include collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), and Sanyo Special Steel Manufacturing India Pvt, among others. TPREL CEO and MD Deepe

Tata Technologies IPO opens Nov 22, price band set at Rs 475-500 per share

The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21

Air India set to receive new aircraft every six days in next 18 months: CEO

Air India has ordered 470 aircraft to serve the Indian economy and is set to receive a new aircraft every six days over the next 18 months, CEO and MD Campbell Wilson said on Friday. He was speaking at the 67th Assembly of Presidents of the Association of Asia Pacific Airlines here. We have new aircraft, we are recruiting many, many new crew and staff, improving the training regime and there is more work to do and we are making good progress, he said. Speaking at a session, Wilson said a vast majority of Air India customers want reliability and punctuality, and the challenge is to satisfy customers' requirements. Moreover, new aircraft are being put on international flights and most of the grounded planes have been restored, Wilson added. Tata-owned Air India has ordered 470 aircraft to serve the Indian economy which is growing at a compound annual growth rate (CAGR) of 8 per cent and it is set to receive a new aircraft every six days over the next 18 months, he said. He also exu

Air India to reinstate 100% of its long-grounded fleet since Tata takeover

The airline is planning to reinstate 100% of its "long-grounded" fleet since the takeover by the Tata Group two years ago

Stock of this Tata Group company has doubled in the past 10 months

Trent on Tuesday reported a strong 55.6 per cent year-on-year (YoY) jump in its Q2 standalone net profit to Rs 289.70 crore

Tata-owned Trent Q2 profit surges three fold, shares hit record high

Shares of Trent rose as much as 8.7% to a record high of Rs 2,427.1 after the results

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