Page 47 - Tata Group

From Windsors to Kochs and Tatas, 5 rules for family businesses to thrive

Family companies are repositories of family traditions and family loyalties

'Tatas evaluating options to consolidate AirAsia India, Vistara under AI'

The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. Air India, which the group had taken control of in January after winning the bid to acquire the national carrier for Rs 18,000 crore in October last year, has set up a team under its Director of Operations, R S Sandhu, sources familiar with the development said. The team will evaluate synergies in operations between Air India Express and AirAsia India as well as between Air India and Vistara, they said. "Air India CEO and MD Campbell Wilson has set up this team, which will look into synergy between Air India Express and AirAsia India and also between Air India and Vistara and how to achieve the merger," a source said. The team has been asked to submit its plan within one year, the source added. It is understood that the plan is to achieve consolidation of AirAsia India into Air

Air India Express incurs net loss for the first time in seven years

Before FY22, Air India Express was in the red in FY15, when it posted a net loss of Rs 61 crore

This Tata group stock has zoomed 101% in six days, trades at 6-year high

TRF was locked at the 5 per cent upper circuit for the sixth straight trading session after its removal from the Graded Surveillance Measure (GSM) surveillance.

Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Tata Group employs 410 from Maharashtra's Nanded under district initiative

More than 400 women from the rural parts of Maharashtra's Nanded, who recently cleared their Class 12 board examination, have received job offers from Tata Electronics Private Ltd (TEPL) as part of an initiative of the district administration. The initiative was taken up by assistant collector Kirtikiran Pujar who heads the integrated tribal project in Kinvat area of Nanded in Marathwada. "Bureaucracy and the corporate world have come together to provide employment to 410 women, who were chosen during a talent drive in Kinwat, a district official said. Kinwat is a predominantly tribal area, located some 360 km away from Aurangabad. Pujar got in touch with TEPL and the human resources department of the company responded to the proposal, following which a two-day talent hunt was held on September 6 and 7, the official said. At least 600 women who recently cleared their Class 12 examination participated in the drive and of these, 410 were selected, he said. The selected candidates w

Top Headlines: Insider trading in NSE case, Tata's investing plan, and more

Business Standard brings you the top headlines at this hour

Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US

Tatas to invest $90 bn in India in 5 years; focus on new industries

The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money

Tata 1mg FY22 revenue up 66% to Rs 222 cr; net loss narrows to Rs 146 cr

Tata group-owned online pharmacy 1mg's revenue from operations rose 65.7 per cent to Rs 222.10 crore in FY22, while its net loss narrowed to Rs 146.30 crore, according to data sourced by business intelligence platform Tofler. Tata 1mg's revenue from operations in FY21 stood at Rs 134.04 crore and its net loss was Rs 281.41 crore. Its other income for the financial year ended March 31, 2021, was Rs 24.14 crore. Tata 1mg's total income during FY22 was at Rs 246.25 crore, up 44.19 per cent from Rs 170.78 crore in the previous year. In FY22, facilitation fees accounted for Rs 23.15 crore of revenue and Rs 139.64 crore came from lab test receipts. Tata 1mg is a leading digital consumer healthcare platform providing services such as e-pharmacy, where it delivers medicines and health products at home from licensed pharmacies in over 1,000 cities. It also provides diagnostic services from certified labs and online doctor consultations. The company was incorporated on April 20, 2015. From

Shares of two Tata group companies nearly doubled in last 3 months

The shares of two Tata group companies have been on the upswing, touching new highs at the bourses

AI puts in place transformation plan; aims 30% domestic mkt share in 5 yrs

Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a transformation plan after gathering feedback from staff. The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years. Under the plan, the focus will be on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability, and innovation, as well as aggressively investing behind the best industry talent, according to a release. "Over next 5 years, Air India will strive to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes from the present market ...

Tata Sons to raise $500 mn in offshore loan, backed by BofA, SMB

Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Tata Sons to invest Rs 975 crore in Pune IT City Metro rail project

The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons

Battle for skies: Tatas kick-start Air India fleet expansion via leasing

Airline to offer premium economy class

Tata group in talks with Bisleri to acquire a stake in company: Report

Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources. It is in a very preliminary stage and would be premature to say a deal would fructify, a person in the know of the development said. The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment. The talks are understood to have been initiated by the Tata group FMCG arm TCPL. However, when contacted both the companies denied commenting over the development. "Tata Consumer Products does not comment on market speculation," said a Tata Consumer Products spokesperson in an e-mailed reply. A Bisleri International spokesperson also said it "does not comment on market speculation". According to industry observers, if the deal is finalised, it would provide the Tata group F

Tata Consumer enters health supplements biz with 'GoFit' range for women

Tata GoFit is available in two pack sizes of 500 grams and one kg, with 18 grams of protein per serving of 25 grams in two flavours--rich chocolate and cafe mocha

Air India goes on a digitisation drive to enhance its efficiency

On Friday, the airline announced it was vacating government-owned premises as part of consolidation of workplaces

Tata Neu onboarding Titan by Diwali; Tata Motors and Air India next

Tata Neu 2.0: Super app to undergo revamp for a better user experience