Page 62 - Tata Group

Tata says Dutch state support needed in drive for 'green' steel

Economy minister Stef Blok in a statement said he would investigate extent to which national or international subsidies would be available, without breaking European rules for state support.

Tatas, SpiceJet's Ajay Singh submit financial bids to acquire Air India

The Tata group has confirmed that it has put in its bid. Ajay Singh has participated in the bid

Ratan Tata, Chandrasekaran deny reports of leadership changes at Tata Sons

Both Tata and Chandrasekaran were reacting to media reports that a new CEO position will be created in Tata Sons to oversee the group's business

Top headlines: Chairman rules out Tata Sons' revamp; telcos get govt relief

Business Standard brings you the top headlines from today

Final bids for Air India disinvestment today, Tata group also in race

The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15

Tata Sons reportedly considering creating CEO role in board revamp

Under the plan being proposed, the CEO will guide the sprawling businesses of the 153-year-old Tata empire, while the chairman will oversee the chief executive on behalf of shareholders, say sources

Tata Sons AGM: Shareholders to vote on raising fresh debt up to Rs 40k cr

The shareholders will vote on raising fresh debt when group has made ambitious plans to make big splash in e-commerce and buying Air India from central govt

'Everyone is scared': Govt's criticism of Infosys, Tata worries India Inc

Business leaders worried about hardline approach; some executives though call for more corporate accountability

India to offer indemnity to Air India bidder over Cairn claim: Report

Air India, unprofitable since a 2007 merger with state-owned domestic operator Indian Airlines Ltd., has total debt of Rs 60,000 crore and loses Rs 20 crore every day

Auditor flags Tata Steel Europe's ability to carry on as going concern

The operational revenue of Tata Sons fell by 62% to Rs 9,460.24 crore in FY21 as against Rs 24,770.46 crore reported in the previous year

Tata Sons seeks shareholders' approval to raise Rs 40,000 crore in debt

The shareholders will vote on the proposal on September 14 at the company's annual general meeting

S&P places issuer ratings on Tata Group firms on CreditWatch positive

'Although the group companies still operate independently under professional directors and management, we observe a greater influence of Tata Sons on the strategy and financial policies of the group'

Despite India's poor track record, Tata takes a gamble on semiconductors

Globally, every country, including India, is looking at reducing its dependence on imports for chips and moving towards self-sufficiency

Reliance backs govt on proposed e-commerce rules as Tatas oppose

Stand on marketplace draft at variance with Tatas

Govt will support establishing semiconductor industry in India: Goyal

The statement comes days after Tata Group announced its intention to enter the semiconductor business

Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

Ambitious again? Tata group entering too many global giants' turfs all at once

With its unrelated new initiatives, the group will enter the turfs dominated by the likes of Intel, Samsung, Tesla, Huawei, Amazon and Walmart- all of which are more focused than it - writes T N Ninan

Top headlines: Tata group mulls chips business, FM speaks on scrapping tax

Business Standard brings you top headlines this morning

Tata group is looking to enter semiconductor manufacturing: Chandrasekaran

Tata group chairman's remarks come at a time when automobile makers across the world are facing a severe shortage of semiconductors, hitting their businesses

After 5G equipment, Tata Group looking to enter semiconductor manufacturing

Tata Group is looking to make a foray into semiconductor manufacturing, Chairman N Chandrasekaran said on Monday. Pegging the market opportunity of high-tech manufacturing of electronics at USD 1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity. His remarks come days after the USD 100-billion group announced entry into 5G equipment manufacturing and a string of acquisitions to create the Tata Digital business. Semiconductor manufacturing, which involves building chipsets among other things, requires high investments and India does not have any such facility yet. Chandrasekaran explained that alterations to the global supply chains, which are heavily dependent on China, in the aftermath of the pandemic and geopolitical changes, will make businesses shift their reliance on other countries and called this a huge opportunity for India, which becomes the second base. At the Tata Group, we have already pivoted into a number of new businesse