Page 44 - Tata Group

Why is the Tata group thirsting for Bisleri?

Bisleri is up for sale. Several big players are said to be in talks with the company. Tata group is one among them. But what will the Tatas gain by adding Bisleri to its water crate? Let's find out

Changing flight path: Air India now flying more on metro-to-metro routes

Exiting unviable ones as part of domestic strategy

Tata's Bisleri International buyout may be biggest in India FMCG space

A majority stake for Rs 6K-7K cr to allow TCPL's expansion in beverage space

Tata Consumer to buy Bisleri International for Rs 6,000-7,000 crore: Report

Ramesh Chauhan, chairman of Bisleri International, does not have a successor to take Bisleri to the next level

Air India posts best monthly on-time performance among carriers after years

When it was a run by the government, the airline was usually at the bottom of DGCA's list for on-time performance

India well placed to lead green energy transition: Tata Group chairman

Tata Group Chairman Natarajan Chandrasekaran on Tuesday said transition to a cleaner and greener energy is an imperative that no one can wish away and India is well-placed to lead the change. He further said technological advancements have already made and should continue to make such energy transitions more affordable. The future of any business or industry, whether it is consumer facing or not, will be data-driven as the huge advancements in the field of technology has made real-time data availability both much easier as well as cheaper, he added. "The pressure to shift to green/renewable energy only will increase going forward and the transition to cleaner energy is irreversible. But we need more and newer and cleaner energy so that it becomes more affordable. We need to have hydrogen-based energy, electric batteries, storage systems, technology to reuse of industrial waste etc. "All these will be done in our own lifetime but what we need to ensure is that these solutions are mo

Tata Hitachi upbeat about growth, aims for 15-20% revenue jump in FY23

Leading construction machinery major Tata Hitachi was aiming at 15-20 per cent rise in revenue in the current fiscal, a top company official said. The company had clocked a revenue of close to Rs 4,000 crore during FY'22. "The growth in volume terms will be around 10-12 per cent, while value growth is likely to be close to 15-20 per cent as the demand growth was more from the high value mining equipment," Tata Hitachi managing director Sandeep Singh said on the sidelines of CII organised IMME 2022 here on Thursday. Demand from the infrastructure sector was growing at around 12-15 per cent, while the growth from the mining sector was close to 20-25 per cent. Tata Hitachi has renewed its focus on the mining sector and has launched dumpers to offer a full solution for the sector that is poised at tremendous growth with the entry of the private sector in mining. "Mining currently accounts for around 8 per cent of our in volume terms but expect the share of mining to go up to 15 per ce

Tata Group to own 75% stake and SIA 25% in the merged entity: Report

The Air India-Vistara merger is expected to be completed within a year after getting all approvals

Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023

Business Standard brings you the top headlines at this hour

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

Passenger vehicle sales could hit over 3.8 mn units in FY23: Tata Motors MD

Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles (PVs) in the the third quarter of the ongoing fiscal and picking up again in the fourth quarter, but the growth rate in FY24 would also depend on the impact of new set of regulations such as BS VI phase II and new safety regulations kicking in next year, he told analysts. The first half of FY23 was very strong for the PV industry with "nearly 1.9 million vehicles", said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd. "Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you're going to see nearly 50:50 kind of a ratio. So, it's going to be a very strong year, highest-ever industry volume is .

Thierry Bollore quits JLR, Adrian Mardell to take over as interim CEO

Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong

Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands

The move pits Tata against LVMH's Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world's second-most populous country.

Boeing Co sees India as key to offset sluggish business in China

Boeing and Airbus SE are both in the running for what could be one of the largest aircraft deals ever as formerly state-run Air India Ltd. is overhauled by new owner Tata Group

Road ahead for Tata Motors depends on the pace of volume recovery

Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump

AirAsia exits AirAsia India, sells 16.33% stake to Air India for Rs 156 cr

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Tejas Networks to invest Rs 750 cr under design-led PLI scheme for telecom

Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital investment of Rs 750 crore over the scheme period," Tejas said in a regulatory filing. On Monday, the Department of Telecom granted approval to 42 companies, including 28 MSMEs, under the scheme for telecom and networking products, entailing total committed investment of Rs 4,115 crore by the firms. Out of them, 17 companies have applied for additional incentive of 1 per cent under the design-led manufacturing criteria.

Tata Trusts CEO N Srinath retires, new chief to be announced soon

Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector