Page 40 - Tata Group

Air India order for 840 planes, with 370 as options: Airline executive

Order of 840 aircraft a culmination of a fascinating two-year journey: CCTO

Air India may find it cheaper to buy jets, thanks to Tata's credit profile

On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce

How secret talks in London led to Air India's gigantic plane order

On Tuesday, Air India provisionally agreed to acquire almost 500 jets from Airbus and Boeing to take on domestic and international rivals

A jumbo deal

Air India's purchase commitment has multiple implications

Rolls-Royce announces order of Trent XWB-97 engines from Air India

British engineering company Rolls-Royce on Tuesday announced that it has received an order from Air India for 68 Trent XWB-97 engines, in addition to an option for 20 more. The large A350 aircraft of Airbus are powered by Rolls-Royce XWB engines. Air India on Tuesday sealed an order for procuring 250 Airbus passenger jets. The order comprises 40 Airbus A350s and 210 Airbus A320/321 aircraft. Separately, Air India ordered 220 planes from Boeing. "This is the biggest ever order for the Trent XWB-97, which exclusively powers the Airbus A350-1000. Air India has also ordered 12 Trent XWB-84, engines, the sole engine option for the Airbus A350-900," the company said in a statement. It said this is the first time that an Indian airline has ordered the Trent XWB and the deal will make Air India the largest operator of the Trent XWB-97 in the world. Rolls-Royce Tufan Erginbilgic said that the announcement marks an "exciting and truly remarkable" occasion for Tata Group and Air India. "The

Air India seals world's largest aircraft deal at $70 bn, orders 470 planes

Air India had last ordered planes in 2006, when it had booked 111 aircraft: 68 from Boeing and 43 from Airbus

Industry 4.0: Tatas to invest over Rs 4,200 crore in Uttar Pradesh

The state government has roped in Tata Technologies (TTL) to upgrade 150 government-run industrial training institutes (ITI) and align them to the requirements of Industry 4.0

Adani crisis unlikely to spill over to other Indian conglomerates

Adani is an outlier, not representative of India Inc. as a whole," economists Abhishek Gupta, Scott Johnson and Tom Orlik said in their report Tuesday

Tata mulls merger of arm for exemption from RBI as NBFC upper layer tag

Legal sources said Tata Sons will have to submit audited financial data of each subsidiary and its step-down subsidiaries--about 1,300 firms in all--in order to seek exemption

Air India to add over 90 planes in two years in first order since 2006

This includes 56 planes that are part of mega aircraft order signed with Airbus and Boeing. These will be in addition to previously announced leases of 36 planes

Weak tea biz a drag on domestic sales performance of Tata Consumer Products

International margins fall sharply on cost inflation, price lag in December quarter

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

These loans will be in continuation of the debt facility Tata Group received following the acquisition of Air India

Tata Sons exploring ways to get out of upper layer NBFC list: Report

Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs

Q3 results: Titan posts surprise net profit fall, shares sink over 1%

The quarter witnessed a strong festive consumer demand, Titan Company Managing Director C K Venkataraman said

Tata Power ties up with Contour for digital trade finance network

Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital trade finance workflow, a statement said. The integration enables trusted data flow across the world's trade routes and current fragmented ecosystems it explained. Manual and paper-based processes in finance slow trade growth by creating additional complexity and costs. "Tata Power's collaboration with Contour will pave the way for a seamless trade finance process one that can be made significantly efficient with the robust blockchain-based solution," Sanjeev Churiwala, Chief Finance Officer, Tata Power said in the statement. By joining Contour's network, Tata Power is implementing an end-to-end digital

Air India likely to post consolidated profit in current fiscal: Report

Air India had been ailing for a long time, before the Tata Group took it over on January 27 last year

1 year on: A snapshot of Air India's performance under the Tata group

The carrier has taken various steps to improve its performance such as starting flights on 16 international routes, hiring 1,200 people, doubling average daily revenue

Air India's progress has been nothing short of stunning: CEO Wilson

Air India chief Campbell Wilson on Friday said the airline's progress over the last 12 months has been "nothing short of stunning" and there is much more to be done as Tata group completes the first year of takeover of the carrier. Listing out the major initiatives over the last one year, Air India said it is "finalising a historic order of new aircraft to power future growth". Campbell also said that while working on improvements, the airline has not shied away from other ambitious actions such as merging Air India Express with Air Asia, or Vistara with Air India, or kicking off the establishment of a new InfoTech Centre, or an Aviation Academy. "And that's not to mention our much talked-about short- and-medium term fleet expansion," the CEO and MD of Air India said in a communication to the employees. Tata group took control of Air India from the government on January 27 last year. "Taken together, the progress over the last 12 months has been nothing short of stunning, even if

Tata's Air India to seal half of jumbo plane order of 495 jets: Report

The order, once finalised, aims to put Air India in the league of large global airlines

One year since Tatas took over Air India, here's how the journey has been

From expanding its reach to bringing in cultural changes, the flight has had its challenges