Page 7 - Tata Group

Taj parent expands partnership with Ambuja Neotia Group for 15 new hotels

Indian Hotels Company (IHCL) has entered into an agreement with Ambuja Neotia Group to establish 15 new hotels across multiple states, set to be completed over the next three to seven years.

Port Talbot's green furnace marks end of costly firefighting for Tata Steel

Port Talbot, Tata Steel's upstream steelmaking facility in South Wales, had largely been a drag on the company's bottom line since it acquired Anglo-Dutch steelmaker Corus in 2007

Reports on Air India crash 'premature and speculative', says NTSB's Homendy

NTSB chief Jennifer Homendy calls reports on Air India crash 'premature and speculative as probe continues; AAIB, CEO Campbell Wilson also urge public not to jump to conclusions

Global conflicts, US tariffs may affect revenue: Tata Communications CEO

Says spending slowdown may hit plan to have $1 bn revenue from US

Tata group to set up ₹500-crore welfare trust for Air India crash victims

'The AI-171 Memorial and Welfare Trust' has been registered in Mumbai

Tata Comm Q1 net profit drops 43% to ₹190 crore despite revenue rise

Tata Communications posted a 43 per cent dip in consolidated profit to Rs 190.14 crore in the first quarter ended June 30, 2025. The company had posted a net profit of Rs 332.93 crore in the same period a year ago. The consolidated income from operations of Tata Communications increased by 6.5 per cent to Rs 5,959.85 crore during the report quarter from Rs 5,592.32 crore in the June 2024 quarter, the company said in a regulatory filing on Thursday. Despite ongoing macroeconomic headwinds and continued pressures across the industry, we delivered a stable performance this quarter, with a healthy double-digit growth in our order book and modest uptick in margins," Tata Communications MD and CEO A S Lakshminarayanan said. The company's revenue from data services increased by about 9.5 per cent to Rs 5,151.72 crore.

Tata Group-owned Indian Hotels net profit jumps 26.6% in June qtr

Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. The company's total expenses also increased to Rs 1,662.35 crore, from Rs 1,267.78 crore a year ago, a regulatory filing showed.

Rallis India zooms 9%, hits record as Q1 profit nearly doubles; do you own?

Rallis India share price hit a fresh record high after posting strong June quarter of financial year of 2026 (Q1FY26) results.

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