Page 5 - Tata Group

After Singur, a new chapter unfolds in Tata Group-West Bengal saga

A meeting between Chief Minister Mamata Banerjee and Tata Group Chairman N Chandrasekaran has rekindled hopes of fresh investments by the group in the state that goes to polls next year

Wage hikes a priority for TCS; focus on growth and profitability: CFO

Delivering wage hikes for its over 6 lakh employees is a "priority" for TCS, the country's largest IT services company's Chief Financial Officer (CFO) Samir Seksaria has said. Speaking to PTI, after the release of the June quarter results, where the business witnessed headwinds on growth and margins, Seksaria made it clear that TCS will focus on growth with profitability. The company showed a 6 per cent increase in net on non-core income as demand got impacted due to macroeconomic and geopolitical troubles, and deferred its annual wage hikes that typically set in from April. Stating that TCS has rarely resorted to deferring wage hikes unlike peers, Seksaria said, "My priority is getting back to the wage hike." He, however, did not specify when the hikes will be delivered. Typically, the annual wage hikes crimp the operating profit margin by over 1.50 per cent, Seksaria said. It reported a 0.20 per cent narrowing in the number at 24.5 per cent for the June quarter, but Seksaria ...

Comeback after Singur: Tata Chairman Chandrasekaran calls on Mamata

The meeting marks the first between Tata Group's chairman and Mamata Banerjee, signalling renewed engagement and deeper investment intent in West Bengal

Tata Sons' 93% stake in Tata Capital valued at nearly ₹98,000 crore

Tata Sons' 93% stake in Tata Capital is valued at ₹98,178 crore, based on a March rights issue. The company is preparing for an IPO that could unlock ₹17,672 crore

Leadership 'crisis' hits Tata Digital amid multiple top-level exits

Amreesh Kher's exit adds to CEO vacuum at Tata Digital amid employee concerns

DGCA pulled up Air India Express over Airbus engine rule violations: Report

DGCA pulled up Air India Express over Airbus engine, fake compliance record

Tata Power soon to be a 'force' in hybrid RE market: N Chandrasekaran

Tata Power Chairman N Chandrasekaran unveils roadmap to accelerate green transition with 65% clean capacity, hybrid solutions, and consumer-facing solar and EV initiatives

Tata likely in talks to buy out investors in Resurgent Power Ventures

Tata Power is working with an adviser to help buy stakes held by ICICI Venture Funds Management Co, Kuwait Investment Authority and Oman Investment Authority

Best of BS Opinion: India must go from pro-business to pro-market

Today's newsletter ties together multiple issues, but the central theme remains one of much-needed reform and regulatory action, be in in job creation or aviation or industry

Air India crash probe: India permits ICAO expert to join as observer

India opens its Air India crash investigation to a UN aviation expert as an observer, while Parliament seeks answers from Boeing and aviation officials over safety concerns

Tata Group secures top spot as India's most valuable brand: Report

Tata Group becomes India's first brand to surpass $30 billion in value, leading Brand Finance's 2025 rankings and signalling rising global strength of Indian firms

Corporate restructuring picks pace as India Inc's mantra to unlock value

Aditya Birla Lifestyle Brands latest to list; more on the anvil

Trent sets 25% growth target, to expand Zudio and new brand categories

Trent plans to grow its brand portfolio, expand store density, enter new categories like beauty and innerwear, and boost omnichannel presence, brokerages note

Tata to create a new trust to help Air India crash victims: Chandrasekaran

"We are looking at the option to set up an AI171 trust to help the families," Chandrasekaran, who first heard about the crash in his Mumbai office, said

TCHFL, TCS to ink pact for loans, services worth ₹5,150 cr in FY26

Tata Capital Housing eyes ₹5,150 crore from TCS in FY26, seeks to raise borrowing cap to ₹92,000 crore as FY25 profit jumps 31% YoY to ₹1,499 crore

Embedding AI into ops will lead next phase of value creation: TCPL

Artificial Intelligence is rapidly transforming almost every function in the FMCG sector and investments in digital ecosystem will help Tata Consumer Products operate with greater precision and speed, a senior company official said on Wednesday. Stressing the importance of Artificial Intelligence (AI), TCPL CFO P B Balaji while chairing the company's AGM, said the companies that embed AI deeply into operations will lead the next phase of value creation. Artificial Intelligence is also rapidly transforming every function, right from demand forecast to inventory optimisation and pricing resilience to pricing intelligence, Balaji said, adding that digital first marketing and hyper-personalisation are rewriting the brand playbook in the FMCG sector. TCPL, the Tata group FMCG arm, is "leveraging these trends with a bold strategy, disciplined execution and ambition to build a future-ready FMCG powerhouse." "Our investments in AI, talent, and the digital ecosystem will help us operate wit

Tata in talks with global consulting giant McKinsey for Air India overhaul

Air India denies talks on transformation of airline

Gujarat plans 1,500 housing units to support Tata's Dholera semicon fab

Gujarat housing units: Tata Group's upcoming ₹91,000 crore semiconductor fabrication plant in Dholera is expected to produce its first chips by December 2026

JV Voltbek's FY25 revenue rises 39.5% to ₹2,235.53 cr, volume grows 57%

Voltbek Home Appliances, a joint venture between Voltas and Turkish firm Arelik, narrowed its losses to Rs 241.89 crore in FY25 while its revenue from operations rose 39.5 per cent to Rs 2,235.53 crore. According to the latest annual report of the Tata Group firm, Voltbek also achieved robust volume growth of 57 per cent on a year-on-year basis, outperforming the industry, which experienced single-digit growth in key categories. In the preceding financial year ended March 2024, the joint venture had recorded a revenue from operations at Rs 1,602.87 crore and a loss of Rs 267.09 crore. "Voltbek, the company's home appliances joint venture, recorded a 56 per cent year-on-year growth in volumes, with notable market share gains in refrigerators and washing machines," said Voltas. Moreover, in FY25, Voltas invested Rs 102.41 crore in the share capital of Voltbek Home Appliances Private which was established in 2017 by the Tata group firm and Arelik, a Turkish multinational household ...

IMA urges Tata Group to extend Rs 1 cr compensation to kin of deceased docs

The plea states that as per various constitutional provisions and a 2020 Supreme Court judgement which laid down detailed principles for assessing compensation