Page 49 - Tata Group

Air India to allow pilots to fly till 65 years amid expansion of fleet size

To ensure an adequate number of pilots for its expanding fleet size, Tata Group-owned Air India (AI) has decided to raise their retirement age from 58 to 65

Air India's load factor improves to 80% under Tata group management

It has risen to 80% in February-June period, compared with 60%; but market share is lower than in January

Tata Motors' shares climb nearly 7% post 51% jump in July sales

Shares of Tata Motors on Monday jumped nearly 7 per cent after the firm reported a 51.12 per cent increase in total sales last month. The stock advanced 6.58 per cent to end at Rs 479.25 apiece on the BSE. During the day, it jumped 6.94 per cent to Rs 480.90. On the NSE, it climbed 6.77 per cent to settle at Rs 480.05 apiece. It was the biggest gainer among the Nifty-50 components. Meanwhile, the 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50. The broader NSE Nifty advanced 181.80 points or 1.06 per cent to 17,340.05. In volume terms, 66.40 lakh shares of the company were traded on the BSE during the day and over 4.30 crore shares on the NSE. On Monday, Tata Motors reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market. The company had sold a total of 54,119 units in domestic and international markets in July last year, Tata Motors said

Tata Steel signs MoU with start-up for drone-based mining solutions

Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geo-technical mapping, to Tata Steel group companies

Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown

Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell 37 per cent to 78,825 units from the year-ago quarter

We invested, supported our UK biz for a long time: Tata Steel's Narendran

'The UK business has come a long way. Today, it is Ebitda positive and cash positive'

Tata Steel Q1 profit falls 21% to Rs 7,714 crore due to higher expenses

Tata Steel on Monday posted a 21 per cent fall in its consolidated net profit to Rs 7,714 crore for the April-June quarter due to higher expenses. The company had reported a net profit of Rs 9,768 crore in the same period of 2021-22, the steel giant said in regulatory filing. Total income of the company was at Rs 63,698.15 crore in April-June this year against Rs 53,627.66 crore in April-June of the preceding fiscal. Its expenses including the cost of materials consumed and the finance cost, increased to Rs 51,912.17 crore from Rs 41,490.85 crore in the year-ago quarter. Tata Steel is among the country's top four steel producers and contributes around 18 per to the total domestic steel production.

Tata Steel Q1FY23 result: How did the company perform in last four quarters

Tata Steel to announce Q1FY23 results on Monday; company plans Rs 12,000 cr investment in India and Europe

Next British PM to decide fate of Tata Steel UK's demand for subsidy

Tata Steel seeks 1.5 bn pounds subsidy to keep operations afloat

Tata Group chief warns of UK steel plant closures without subsidy

Under decarbonisation plans, Tata plans to close two blast furnaces at Port Talbot, stop primary steelmaking and instead build two electric arc furnaces

Top Headlines: India's 1st tribal prez, Apple's vendors create 30K jobs

Fielded by NDA, Murmu got more than 70 per cent of the votes cast, and at least 20 opposition votes, winning the election by a massive margin

'A true gentleman': TCS condoles demise of former CFO V Ramakrishnan

V Ramakrishnan was the CFO of TCS since 2017 and retired from the position in April 2021

Tata group firms in talks with banks to raise funds for Rs 60K capex plan

Focus is on EVs, renewable energy for new investments

TATA Projects appoints Vinayak Pai as MD, to succeed Vinayak Deshpande

TATA Projects on Thursday said it has appointed Vinayak Pai as its Managing Director

4,500 Air India employees opted for voluntary retirement so far: Report

Under the Air India's VRS rules, people older than 40 years of age with 20 years of continuous employment can opt for voluntary retirement

Tata Communications net profit jumps 84% to Rs 544 cr in June quarter

Tata Communications on Wednesday posted an increase of 83.63 per cent in consolidated profit to Rs 543.76 crore in the June quarter. The company had reported a profit of Rs 296.11 crore in the same period a year ago, it said in a regulatory filing. "We delivered profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges. "We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets," Tata Communications Managing Director and CEO A S Lakshminarayanan said in a statement. The consolidated income from operations of Tata Communications grew by 5 per cent to Rs 4,310.52 crore during the reported quarter from Rs 4,102.79 crore in the year-ago period. "We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our

Rupee at 80: How top Indian companies hedged themselves for dollar

Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions

1,000 passenger complaints received against Air India in 3 months: Govt

DGCA on June 14 said it imposed a fine of Rs 10 lakh on Air India for denying boarding to passengers holding valid tickets and thereafter not providing mandatory compensation to them

UDAN international plan under a cloud as AirAsia India fails to get permit

CBI case prompts the authorities to bar low-cost airline from proceeding on bids it won for regional air connectivity project

Air India appoints Sandeep Gupta as Chief Pilot for Airbus A350 fleet

Currently, Captain Gupta is the Chief Pilot for the A320 fleet as well as incharge of the airline's Hyderabad-based training centre CTE.