Page 72 - Tata Group

Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test

Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test

SP Group, cash strapped and under-capitalised after betting on infra sector

SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent

Mistrys eye huge windfall, set Rs 1.8-trillion price tag for exit

SP group has also assigned a brand value of Rs 1.46 trillion to Tata Sons and wants a proportionate share of the same

Shapoorji Pallonji Group agrees to exit Tata Sons, calls for separation

The SP group is expecting a valuation of Rs 1.78 trillion for its stake, valuing the entire Tata Sons at Rs 9.7 trillion, or Rs 2.4 crore per share

Top headlines: Tata-Mistry shares' dispute, India trials for Russia vaccine

Business Standard brings you the top headlines of the day

Tata Group says it's open to buy Mistry group's shares to aid fundraising

The Shapoorji Pallonji Group, controlled by tycoon Pallonji Mistry and his family, own about 18% of closely held Tata Sons

Tata group to launch India's first low-cost Covid-19 test 'Feluda'

This test uses an indigenously developed, cutting-edge CRISPR technology for detection of the genomic sequence of SARS-CoV-2 virus

Air India to fetch better valuation if sold with zero debt, say bidders

Debt-free airline is a good opportunity to invest, say prospective buyers

Tata Capital to step up corporate finance lending to better rated borrowers

Tata Capital's book size increased from Rs 77,110 crore as at March 31, 2019 to Rs 77,610 crore as at March 31, 2020, on a consolidated basis

Perfect Relations founder Dilip Cherian opts out of Taj GVK board

The move comes just days after the hotel company said in a regulatory filing on September 10 that the board had approved Cherian's appointment as a director for five years

The problem of scale

There is room for consolidation in India, but we need to guard against concentration of power

Tata Group's all-in-one 'super app' ambitions face multiple challenges

The group plans to launch an umbrella portal in December, but there are major challenges in its ability to compete with RIL, Amazon and Walmart-owned Flipkart

Tatas move SC to block Mistry-Brookfield deal involving pledged Tata shares

Mistrys say it's vindictive move aimed to delays fund raise; will jeopardise future of 60,000 employees and over 100,000 migrant workers

Tatas blocking share pledge vindictive, to cause damages: SP group

Shapoorji Pallonji Group that owns 18.37% in Tata Sons said the Tatas moving SC to block its plan to pledge shares for raising funds reeks of vindictiveness, oppression of minority shareholder rights

Rising from the debris

Many Tata loyalists believe that the group has already bitten off more than it can chew

Tata Consumers to expand offline reach of spice & pulses brand Sampann

Tata Consumer Products Ltd (TCPL) believes there is enough headroom to grow in staples and packaged food space and the company is now expanding the offline reach of its spices and pulses brand Sampann, according to a top company official. The company is taking advantage of commodity spaces and driving conversion from unbranded to branded across beverages and foods. It is witnessing a change in consumption patterns, with an increased focus on safety and convenience along with a shift towards 'trusted' brands with a strong heritage, TCPL Managing Director & CEO Sunil D'Souza told PTI. Traditional ingredients, which have been known to build health and immunity over the ages have been favoured. "Our foods business in India, which is salt, pulses, spices and mixes has probably been the biggest beneficiary of this trend in India," he said. However, D'Souza also added that it is "difficult to say how many of these trends will become sustained long-term behaviour patterns. So, it will be

Tata Sons AGM: Mistry family raises questions over losses in group firms

The meeting, attended by Tata group CEOs and the group patriarch, Ratan Tata, was chaired by N Chandrasekaran, who countered the allegations made by the Mistry representative at the AGM

Tata Sons makes Rs 16,439 crore provisions for telecom business

For the fiscal year, at the consolidated level, the company's profit after tax has come down to Rs 10,916 crores from Rs 28,463 crores, mainly due to an increase in exceptional items

Tata steps up to build e-commerce app to take on Amazon, Reliance

The Mumbai-based group is stepping up efforts to have a significant presence online in a market where internet users are forecast by Cisco Systems Inc. to reach 900 million by 2023

All-in-one app race heats up with Tata's plan to roll out one by Jan 2021

Reliance Jio, which signed a $5.7 bn deal with Whatsapp owner Facebook, is building its own digital empire by entering the hot e-commerce space in the grocery segment with its JioMart