Page 53 - Tata Group
Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year
Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period
 "Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year")
Tata Group approaches CCI for merger between Air India and AirAsia India
The two combined entities, Air India and AirAsia India will have a 15.7% share of India's domestic passenger market.
 "Tata Group approaches CCI for merger between Air India and AirAsia India")
DGCA asks Air India to repair aircraft after passenger's complain
Aviation regulator DGCA has asked Tata Group-owned Air India to repair its aircraft after a passenger complained on social media about the plane's shabby interiors, including a broken armrest
 "DGCA asks Air India to repair aircraft after passenger's complain")
Tejas Networks posts loss of Rs 49.62 crore in January-March quarter
The company had posted a profit of Rs 33.55 crore in the period a year ago.
 "Tejas Networks posts loss of Rs 49.62 crore in January-March quarter")
TCS aims to be world's largest IT company; says large-scale ops not a worry
The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year
 "TCS aims to be world's largest IT company; says large-scale ops not a worry")
Top headlines: Action to aid post-Covid recovery, Tatas to offer ESOPs
Business Standard brings you top headlines of the day
 "Top headlines: Action to aid post-Covid recovery, Tatas to offer ESOPs")
Tata Steel to stop doing business with Russia after 'conscious decision'
It is the latest global company to cut ties with the country for invading Ukraine.
 "Tata Steel to stop doing business with Russia after 'conscious decision'")
Tata Consultancy Services head doubles down on $50-bn revenue target
Since April 1, TCS has changed its organisational structure to align with its strategy of focusing on the growth and transformation agenda.
 "Tata Consultancy Services head doubles down on $50-bn revenue target")
As air traffic increases, airlines start restoring pilots' salaries
Air India reinstates employee salaries by 75% compared with pre-Covid level
 "As air traffic increases, airlines start restoring pilots' salaries")
Divorce complete with AI: Alliance Air to sell tickets with '9I' code
Even though parent airline Air India's control was shifted to the Tata Group on January 27, Alliance Air till date was using the full-service carrier's PSS and its "AI" code to sell tickets
 "Divorce complete with AI: Alliance Air to sell tickets with '9I' code")
Tatas bet on executives from group companies to turn Air India around
On Friday, Tatas announced revamp of the Air India board when the airline's functional directors stepped down and execs from various group companies took charge
Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets
Business Standard brings you the top headlines this morning
 "Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets")
Tata Neu sees 2.2 mn users so far; open to non-Tata brands: Chandrasekaran
The Tata Sons chairman also said that the super app will see changes and its evolution will be customer-driven
 "Tata Neu sees 2.2 mn users so far; open to non-Tata brands: Chandrasekaran")
Tata renewable arm raises Rs 4,000 crore from BlackRock, others
Investors, including Mubadala, to get 10.53% stake
 "Tata renewable arm raises Rs 4,000 crore from BlackRock, others")
Tata's super app 'Neu' to host non-group brands as well: Chandrasekaran
Tata Group chairman Natarajan Chandrasekaran on Thursday said the group's recently launched super app Neu is on an open architecture and it will host non-group brands as well. The Tatas finally launched its super app Tata Neu on April 7, after piloting it for months, but the group chairman claimed there was no delay in the commercial launch. Stating that the app has received an overwhelming response in the past seven days of going live, Chandrasekaran said the app is on an open architecture and will host products and services from non-Tata group companies. Similarly, the Neu pass will also be available to non-group brands, he said. The super app brings together grocery-to-hotel-to-airline ticket booking and medicine on a single platform, rivalling similar products from Amazon and Flipkart. On the launch day, Chandrasekaran had said Neu combines the traditional consumer-first approach of the group with the modern ethos of technology. Neu is a platform that gathers all our brands in
 "Tata's super app 'Neu' to host non-group brands as well: Chandrasekaran")
Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit
Business Standard brings you the top headlines this morning
 "Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit")
Attrition at TCS touches record high; it may get worse, warns management
Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%
 "Attrition at TCS touches record high; it may get worse, warns management")
Tata Power's plan to reduce debt through InvIT gets delayed
The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure
 "Tata Power's plan to reduce debt through InvIT gets delayed")
India Inc clearly divided over super apps to reach their customers
Though the Tatas are betting on its super app Tata Neu, experts say super apps work best in regulated markets like China
 "India Inc clearly divided over super apps to reach their customers")
Tata Group's super app 'Neu' faced several glitches on first day of launch
Tata Group, which has launched its much-awaited super app called 'Neu,' bringing most of the daily consumer offerings on one platform, faced several issues on the first day of the launch
 "Tata Group's super app 'Neu' faced several glitches on first day of launch")