Page 38 - Tata Group

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

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

Air India reports steepest on-time performance fall in June, shows data

Air India's OTP nosedived especially during June 11-15 when its average daily OTP fell below 50 per cent

Tata Group job opening ads for UK cell developer hints at local factory

The plant is set to make batteries for Jaguar Land Rover's planned range o fully electric models that are due from 2024.

SP Group firm Afcons Infra to tap market to raise Rs 8,000 cr: Report

The fundraising by Afcons Infrastructure comes shortly after another group company, Goswami Infratech, raised nearly Rs 14,500 crore by issuing bonds

Tata Motors gains 3% on Sebi nod to Tata Tech IPO; CLSA raises target price

The stock of the Tata group automobile company was trading at its highest level since September 2016

Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

The rise in interest rates has revealed hidden stresses in parts of the banking sector and this could impact global growth in the coming year, according to Tata Group and Tata Motors Chairman N Chandrasekaran. In his address to shareholders of Tata Motors in the annual report for 2022-23, he said, "the current year witnessed a surge in inflation requiring coordinated action by most central banks to increase interest rates to control inflationary expectations." Chandrasekaran further wrote, "While inflation is starting to moderate, the rise in interest rates has also revealed hidden stresses in parts of the banking sector that enjoyed a long run of low-interest rates and hence not prepared for the rate rise. This could impact global growth in the coming year." Recollecting his last year's message, he said, "recent history has been relentless with the global pandemic, military conflict, growing inequality, supply chain shortages and more." These challenges are resulting in structural

Have no associations with cryptocurrency of any form, says Ratan Tata

"If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he added