Page 35 - Tata Group

Air India in talks with commercial banks for Rs 3,000 crore loan

In talks with banks to fund down-payment under sale & leaseback deals

Tata Digital's FY23 loss at Rs 1,370.99 cr, up from Rs 1,122.88 cr in FY22

Tata Digital reported standalone revenue of Rs 204.35 crore for the fiscal year 2021-2022

Tata aviation companies report higher loss of Rs 15,532 crore in FY23

In 2022, the Tata group had acquired Air India from Rs 2,700 crore in cash and had taken over liabilities of Rs 15,986 crore from the Indian government

Tata Sons Chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration

With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23

Tata Industries reports Rs 2,043 crore loss on Tata Unistore sale

Tata Cliq portal was sold to Tata Digital in December last year

IndiGo-Tata airlines duopoly: Outlook for smaller players looks uncertain

So what will the domestic airline market look like going forward?

As Tata reimagines Air India brand, its Maharaja mascot may become history

FutureBrand, a London-based design and branding consultancy firm will rework Air India's identity as the carrier aspires to compete against Emirates and Singapore Airlines

Air India launches new programme to simplify purchased cabin upgrades

Air India passengers can choose these upgrades to premium cabins between 72 hours and 12 hours before a scheduled flight, subject to the availability of seats in the cabin

Tata Motors launches brand new Altroz variants starting at Rs 6.90 lakh

Tata Motors has launched the two latest variants of Altroz - XM and XM(S); both come with a 1.2-litre Revotron petrol engine and will be positioned between the Altroz XE and the XM+

Tata subsidiary likely to invest $1 billion in battery units in first year

BCATL, the Chinese group, is planning a 100GWh plant in Hungary at a cost $83 million per GWh, UK media reported

Tata's $5.2 bn EV battery project in Britain shouldn't be underestimated

The significance of the £4 billion ($5.2 billion) project shouldn't be underestimated, though it is more of a lifeline for domestic carmakers rather than their crowning glory

Tata Group picks Britain for new EV battery plant, to invest $5.2 bn

The gigafactory - Tata's first outside of India - includes an investment of 4 billion pounds ($5.2 billion), the company said

Decoded: What is the difference between low-cost and full-service airlines?

While the difference in ticket prices is obvious between the two kinds of carriers, there are other differences too. Read more to find out

More than 500 crew members to join Air India in each of coming months: CEO

More than 500 crew members will be joining Air India in each of the coming months and the airline will be rolling out the new crew rostering project soon, according to its chief Campbell Wilson. In his weekly message to employees on Friday, he said the crew rostering project is about to start rolling out in the earnest. "As the system settles in, crew should see earlier roster publication, more stable rosters, better integrity of 'golden offs' and better standby provisioning to reduce last-minute call-ups. "Also, when averaged over a few months, there will also be more equitable earnings," he said. Air India has embarked on an ambitious transformation plan under the ownership of the Tata Group. "Additionally, with more than 500 new crew being released into service in each of the coming months, we will be able to reinstate full crew complements and accelerate training," Wilson said. Air India's MD and CEO also said the project will be a complete transformation of the way the airl

Tata Group in advanced stages to acquire Wistron's Karnataka plant

Tata Group is understood to be in advanced stages to acquire the Karnataka manufacturing unit of Taiwan-based Wistron, a contract manufacturer for Apple, to become the first Indian iPhone maker, sources said. The acquisition will be carried out through Tata Electronics, a wholly-owned subsidiary of Tata Sons, the promoter holding firm of salt-to-software conglomerate Tata Group, they added. When reached for comments, Tata Group declined to comment. An e-mail sent to Apple did not elicit a response. Wistron could not be reached for comments. According to one of the sources, a public announcement on the development would depend on what Apple chooses as the company closely controls its ecosystem. It is likely that apart from iPhone, once Tata Group takes over the Karnataka plant, other new Apple products could also be assembled from the unit. The latest move by the Tata Group to acquire Apple supplier's unit, is also expected to give fillip to Apple's efforts to tap into production .

Tata group may acquire Wistron's $600-mn iPhone factory by August

The Tatas already have tied up with Apple vendors to manufacture iPhone enclosures, which account for 9-12 per cent of the cost of production of an iPhone

Tata group closes in on deal to become India's first iPhone manufacturer

Tata group is in talks to acquire Wistron's factory in Karnataka, which is potentially valued at over $600 million and employs over 10,000 workers

Titan to open 18 international stores of Tanishq in FY24, mainly in gulf

Tata Group firm Titan plans to open 18 new international stores of its jewellery brand Tanishq, primarily in the Gulf region, taking the total count to 25 by the end of this fiscal. Despite the operational complexities of opening stores in unfamiliar territories, the company plans to "aggressively expand" in FY24 across GCC (Gulf Cooperation Council) region and the US market, given the evident consumer demand for Tanishq brand jewellery, said the latest annual report from Titan Company Ltd. "The company aspires to further strengthen its international presence to 25 international stores by the end of FY 2023-24, with growth primarily being driven by additions in the GCC region," said Titan. Tanishq, which increased the number of international Tanishq stores from 2 to 7 in FY23, has received a 'positive response' in global markets and now plans to expand its presence further, it added. "Tanishq aims to become the preferred jeweller in the NRI/ PIO markets by leveraging the pride tha

Tata Group weighs buying Temasek Holdings' stake in Pay TV platform

Tata Group is contemplating whether to delay the planned Tata Play listing because of market conditions, the people said

Indian conglomerates look towards global brands to cash in on luxury retail

In a bid to add a global flavour to the Indian retail landscape, Reliance, Tata, and a number of other Indian brands have begun a series of joint ventures with global luxury brands