The Tata Technologies Ltd IPO includes a reserved 10 per cent quota for Tata Motors shareholders
The anchor book will open on November 21, the issue will open for public subscription on November 22, and the case will close on November 24
Analysts have a positive view on Tata Motors primarily tracking guidance of record profitability and cash flow generation at JLR for FY24E, strong intent to become net debt free (auto) by FY25E.
Suzuki has continued with its four-cylinder engines at a time when most carmakers have shifted to three-cylinder units
Tata Technologies' initial public offering (IPO) will open for subscription on November 22
Stocks to Watch on Wednesday, November 15, 2023: The Mumbai Police has filed an FIR in connection with the Mahadev betting app scam against prominent figures from the Dabur Group
Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund
Carmakers are expecting sales of 4.10 to 4.17 mn cars this calendar year. This is 8-10% more than the sales registered in 2022, despite the high base of last year
Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.
It also upgraded Jaguar Land Rover Automotive Plc's (JLR) CFR to "Ba3" from "B1"
The SC verdict triggered the compensation clause for Tata Motors
The company's earnings before interest, tax, depreciation, and amortisation (Ebitda) during Q2 was Rs 13,767 crore, up from the Rs 5,571 crore in the second quarter last financial year
Shares of Tata Motors ended nearly 2 per cent higher on Friday, after the company reported a consolidated net profit of Rs 3,783 crore in the September quarter, riding on robust performance by its British arm Jaguar Land Rover. The stock ended at Rs 647.80, up 1.73 per cent on the BSE. During the day, it gained 4.49 per cent to Rs 665.45. At the NSE, it ended with a gain of 1.62 per cent at Rs 646.80. During the day, it climbed 4.64 per cent to Rs 666. In traded volume terms, 22.65 lakh shares of the company were traded at the BSE and over 2.30 crore shares at the NSE during the day. This is the fourth successive quarter of positive results for the home-grown auto major. The Mumbai-based company had posted a consolidated net loss of Rs 1,004 crore in the year-ago period. Total consolidated revenue from operations stood at Rs 1,05,128 crore in the second quarter of this fiscal as compared to Rs 79,611 crore in the year-ago period, Tata Motors said in a regulatory filing on Thursda
The Sanand 2 plant would be operational by the fourth quarter of FY24
Tata Motors secured an arbitral award of Rs 766 crore, with 11 per cent interest in the Singur plant case against the West Bengal government
During the quarter under review, the company's revenue from operations increased by 32 per cent to Rs 105,128 crore, up from Rs 79,611 crore during the July to September period of 2022-23
Tata Motors on Thursday said its electric vehicle arm has inked a licensing pact to source electrified architecture from Jaguar Land Rover for the development of 'Avinya' range of cars. Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover (JLR), both 100 per cent subsidiaries of the auto major, have entered into a Memorandum of Understanding (MoU), Tata Motors said in a statement. The pact envisages TPEM licensing JLR's electrified modular architecture (EMA) platform for a royalty fee for the development of Avinya series, it added. TPEM and JLR will also enter into an engineering services agreement (ESA) to support former's content requirements for the first vehicle development. JLR's EMA platform will underpin the automaker's next generation of electric mid-sized SUVs for international markets, to be launched from 2025 onwards. The platform is optimised for native Battery Electric Vehicle (BEV) proportions to maximise interior space, comfort and vision along with ...
Tata Motors said it remains optimistic about its performance due to a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth
Closing Bell on Thursday, November 02: Jerome Powell's comment that "despite elevated inflation, the longer term inflation expectations remain well anchored" was taken by the markets as dovish
Tata Motors on Thursday said it will supply and operate 200 electric buses in Srinagar and Jammu for 12-years for Jammu and Srinagar Smart City projects. The company has supplied the first batch of Ultra EV air-conditioned electric buses to Srinagar Smart City Ltd, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a group company, Tata Motors said in a statement. "The delivery of the electric buses is a part of its larger order to supply, maintain and operate 100 electric buses in Srinagar and 100 electric buses in Jammu, for a period 12-years for Jammu and Srinagar Smart City projects," it added. On the delivery of the first batch, TML Smart City Mobility Solutions (J&K) Pvt Ltd Chairman Asim Kumar Mukhopadhyay said, "this marks a significant milestone in our ongoing commitment to safer, smarter and greener mobility solutions, and we look forward to playing a key role in shaping the future of public transport in Jammu & Kashmir. " Tata Motors said till date it has ...