Page 40 - Tata Group

Tata Group expected to pick UK as site for new JLR battery plant: Report

The Tata Group is expected to pick the UK as the preferred site for the lucrative electric battery plant to supply its Jaguar Land Rover (JLR) requirements, a media report said on Wednesday. It will mark a significant investment for the UK automotive sector, one that UK's Prime Minister Rishi Sunak-led government has been keen to bag with ongoing discussions around offering an incentivised economic environment for the multi-billion-pound plant. According to the BBC, Somerset in south-west England is the expected location of this new Gigafactory, which will generate an estimated 9,000 jobs for the local economy. Gigafactory is a generic term referring to facilities that produce batteries for electric vehicles on a large scale. Sources familiar with the matter told BBC that although the deal has yet to be signed, engagement has moved from negotiations to drafting and choreography of how the landmark agreement will be presented. At a media event at JLR's Gaydon base in the West Midla

Why it is a good bet for Tatas to make high-end iPhones as Apple eyes India

With Tata Electronics now hogging limelight for iPhone manufacturing, experts said that with their ambition on EVs, it makes sense for Tata to gain expertise in manufacturing iPhones in country

Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

Banks tighten rules around lending money to airlines after Go Air crisis

Repeated company failures dent the entire aviation industry's creditworthiness, the chief financial officer of an airline said

Tata Capital launches payment facility, UPI 123PAY for feature phone users

UPI 123PAY will be useful, especially for payments of low-value and microfinance customers

Tata group, IndiGo hold talks to snap up planes, airport slots of Go First

Pratt, a unit of Raytheon Technologies, has previously said the Go First matter is being considered by law courts.

Tata Group airlines see most improvement in on-time performance in April

IndiGo, India's largest carrier, saw its on-time performance fall from 92.43 per cent in March to 89.97 per cent in April

TCS to develop its own ChatGPT with focus on enterprise code generation

TCS is expected to release some of these solutions by the last quarter of this financial year

Brookfield, Tata Group in talks to invest in upcoming IPO of Nexus Malls

BENGALURU (Reuters) -Brookfield Asset Management and Tata Group are in talks to invest in the upcoming initial public offering (IPO) for Nexus Malls, betting that the Indian real estate investment trust will benefit from a rise in the country's consumption levels, two sources told Reuters.

Tata group-owned Air India enters into an interline pact with Vistara

Tata group owned Air India on Wednesday announced entering into an interline pact with Vistara. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline. When selling an interline ticket, the operating airlines own flight numbers are used. The partnership allows Air India's passengers to travel seamlessly on Vistara's route network to and from over 80 points across Air India's extensive domestic and global network, the airline said in a statement. Air India has over 100 similar agreements and close to 50 through check-in agreements with partner airlines globally, such as Lufthansa, United Airlines, Air Canada, and Singapore Airlines, among others. The scope of the agreement between Air India and Vistara includes Inter Airline Through Check-in (IATCI) implementation, which enables passengers to receive their boarding passes at the first point of departure for all the travel sectors on a single ticket, and have their .

Go First cut flights even after Centre removed Covid-19 pandemic cap

IndiGo, which was also hit by engine woes, carried out more flights

Tata Play's confidentially filed IPO gets market regulator Sebi go-ahead

Following the issuance of the observation letter, Tata Play will now have to file an updated draft red herring prospectus (UDRHP-1) before it launches its IPO

Tata Group-backed Trent's Q4 revenue jumps as fashion demand rises

Consolidated net profit for the quarter stood at 541.6 million rupees. It posted a profit of 1.6 million rupees a year earlier

Tata Group-owned Air India to hire over 1,000 pilots, to expand its fleet

The move to hire more pilots comes as the Tata Group-owned airline plans to extend its fleet and network. Air India has placed an order for 470 aircraft with Boeing and Airbus

Top headlines: GST authorities quiz auto dealers, electronics exports up

Business Standard brings you top news at this hour

Top headlines: RBI calls bank boards' meet, Tim Cook meets PM and more

Business Standard brings you top news at this hour

Air India may bid for AIESL with Lufthansa Technik, Air France-KLM

AIESL is the maintenance repair and operations company, owned by Centre, which caters largely to Air India's fleet

Cook's eclectic itineraries: Vada paav with Madhuri; biz meets with Ambanis

Ahead of the opening of Apple's maiden retail store in India, the company's chief executive Tim Cook arrived in the financial capital on Monday. Cook, who has visited India multiple times in the past, is also likely to meet Prime Minister Narendra Modi in New Delhi. On Day one, Cook visited richest Indian Mukesh Ambani's house Antilla for a business meeting and is said to have met other top industrialists, including Tata Sons chairman N Chandrasekaran. Company executives, however, dodged queries on Cook's itineraries during his India tour. On Monday afternoon, Cook himself confirmed his arrival by tweeting a picture with over 100 employees inside the brand's store in BKC business district, which will open for customers on Tuesday. He also managed time to have Wada paav, the much celebrated local snack, with actor Madhuri Dixit at an eatery which is Ambani family's favourite. Cook thanked Dixit for introducing him to the Wada paav at the multi-cuisine joint, terming the food item

Tata Coffee Q4 result: A look at how it performed in previous quarters

Tata Group in March 2022 announced a merger between Tata Coffee and Tata Consumer Products, NCLT's nod is expected soon

Talks with UK government on financial package continue: Tata Steel CEO

Tata Steel is still pursuing its request for the financial package with the UK government, the company's CEO T V Narendran said. Narendran who is also the Managing Director of Tata Steel made the remarks in reply to a question on stance on exiting the UK business. "Tata Steel is still pursuing it (request) with the government there (UK)," he told PTI on the sidelines of an event in the national capital. There has been no conclusion to the request made for a financial package, he said. India-headquartered Tata Steel owns the UK's largest steelworks at Port Talbot in South Wales and employs around 8,000 people across all its operations in the country. The company had sought 1.5 billion pounds from the UK government to execute its decarbonisation plans. However, the British government earlier this year made a counter offer which was much lower to the company's expectations. Speaking to PTI, Narendran had said that Tata Steel cannot see its future in the UK without the support of th