Page 8 - Tata Group

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

Air India crash: High-level panel formed, to submit report within 3 months

Air India Flight 171, a Boeing 787 en route to London, crashed in Ahmedabad on June 12, killing 241 on board; Aircraft Accident Investigation Bureau (AAIB) has retrieved the flight's black box

Air India crash: Tata to pay ₹1 cr to victims on ground, toll rises to 274

The Air India Dreamliner crashed near Meghaninagar, Ahmedabad, killing 274, including 33 on ground; Tata to pay ₹1 cr to each victim's kin and rebuild damaged college hostel

N Chandrasekaran pledges full transparency in Air India crash probe

Tata Sons Chairman N Chandrasekaran calls the Air India crash one of the Group's darkest days and assures families of full transparency as international probes begin

Tata Group needs to fine-tune key aspects of Air India's ops: Praful Patel

Former Civil Aviation Minister Praful Patel on Friday said the Tata Group needs to fine-tune key aspects of Air India's operations, including maintenance, in the wake of the crash of its Dreamliner aircraft in Ahmedabad. "After three-and-a-half years of the takeover of Air India by the Tatas, the management needs to fine-tune various aspects of running a world-class airline, including maintenance," Patel told reporters here. Air India's Boeing 787 Dreamliner (AI171) carrying 242 passengers including 12 crew members crashed in the Meghaninagar area shortly after the take-off from the Ahmedabad airport on Thursday afternoon, killing 241 persons on board and others who were on the ground. The accident is being probed by the Aircraft Accident Investigation Bureau (AAIB) which comes under the civil aviation ministry. Terming the accident as a temporary setback, Patel said India's aviation sector remains largely well-managed. A Rajya Sabha MP, Patel headed the civil aviation ministry .

Mood turns sombre at Bombay House after Air India Dreamliner crash

A sombre mood grips Bombay House after an Air India Dreamliner crash, dealing a blow to Tata's aviation revival plans and delaying key group events and ceremonies

Ahmedabad plane crash: Army deployed to assist civil admin in rescue ops

The Indian Army has been deployed to support civil authorities in rescue and relief operations after the Air India plane crash in Ahmedabad that killed hundreds

What caused Air India plane crash? Clues point to power failure, not blast

Air India flight AI171 crashed near Ahmedabad after take-off. Early signs point to power failure, not explosion. Investigations are underway as Boeing 787 safety concerns come under lens

Tata Group announces ₹1 cr ex-gratia for kin of Air India crash victims

The Tata Group has pledged to pay ₹1 crore to the families of each person who has lost their life in the Ahmedabad plane crash. Noel Tata extended his heartfelt condolences to the bereaved families

Tata Steel to begin UK low-carbon project in July 2025, eyes 2027 launch

Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. "We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding," the management said. They said that planning approval has been received for the EAF (electric arc furnace) project at Port Talbot and the construction is expected to commence in July 2025. The operations in the UK have been shut and the company is servicing its customers from its India and Netherlands operations. "We have exited from steelmaking through the end-of-life heavy end assets in Port Talbot, and moved to a ...

Tata Sons dividend income may have slipped in FY25 for first time in 9 yrs

Tata Sons reported standalone operating income of Rs 43,767 crore in FY24 up 25.3 per cent from Rs 34,917 crore a year ago

In a first, Rafale fuselage to be made in India under Tata-Dassault tie-up

"The agreements between Dassault and TASL also come amid a growing focus on boosting private sector participation in the production of indigenous combat aircraft."

Tata Capital likely to get Sebi approval for nearly $2-billion IPO

Tata Capital may soon get Sebi clearance for a $2 bn IPO, aiming for a listing before the September 2025 deadline for upper-layer NBFCs under RBI rules