Page 3 - Tata Sons

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

Future 'very strong' as India's consumption boosts travel: Tata Sons chief

Tata Sons Chairman N Chandrasekaran on Monday exuded confidence that the future looks "very strong and bright" as growing consumption in India will drive the growth of the travel sector, sharing his outlook at the Tata Group-owned Indian Hotels Company Limited's (IHCL) AGM. Addressing shareholders of IHCL, the country's biggest hospitality player, Chandrasekaran shared that the "intent is to achieve a total global footprint of 700 hotels by 2030 and double the revenues to cross Rs 15,000 crore". The Tata Sons Chairman began his address at the Annual General Meeting (AGM) by paying tributes to those who lost their lives at the Air India plane crash recently, and also expressed a "deep sense of loss" at the passing away of Ratan Tata last October. "To lose a single person we know is a tragedy, but for so many deaths to occur at once is incomprehensible. Our thoughts are with them. I also would like to express a deep sense of loss on the passing away of Ratan Tata in October 2024. "He

Air India pays compensation to kin of two-thirds of Ahmedabad crash victims

Air India on Friday said it has paid the compensation to families of nearly two-thirds of the victims who died in the June 12 plane crash in Ahmedabad. An Air India Dreamliner from Ahmedabad to London Gatwick crashed moments after takeoff on June 12, killing 260 people onboard and on the ground. "Our teams have been helping families receive interim compensation. Every affected family is being directly assisted by an Air India representative, with nearly two-thirds having already received payment or are in the final stages," Air India Chief Executive Officer and Managing Director Campbell Wilson told the airline employees in an internal post. Tata Sons is in the process of establishing the apparatus to provide longer-term assistance to the families and survivors, the Tata Group-owned airline said. In an internal post to airline employees, Air India Chief Executive Officer and Managing Director Campbell Wilson also said the carrier will continue to "invest in upgrading aircraft, ...

Tata Sons, Trusts to set up a new Trust for long term care of AI victims

Chairman N Chandrasekaran told Tata Sons' board that a dedicated trust will be created with Tata Trusts to provide long-term support to victims' families

Tata Sons, Singapore Airlines invested ₹9,558 crore in Air India in FY25

Tata Sons and Singapore Airlines invested Rs 9,558 crore in loss-making Air India in 2024-25, with the promoters pumping in Rs 4,306 crore alone in March this year. The airline, being piloted by Tatas since January 2022, has embarked on an ambitious five-year transformation plan. In November 2024, Vistara -- a joint venture between Tatas and Singapore Airlines -- was merged with Air India, following which the Singaporean carrier acquired a 25.1 per cent stake in Air India. In response to queries about fundraising, an Air India spokesperson told PTI on Wednesday that its shareholders have together infused fresh capital of more than Rs 9,500 crore in 2024-25 to meet the airline's capital expenditure requirements. Tata Sons invested Rs 3,224.82 crore, and Singapore Airlines put in Rs 6,333.18 crore in Air India, taking the total fund infusion to Rs 9,558 crore in the financial year ended March 2025. "Pursuant to the merger of Vistara with Air India in November 2024, the shareholders h

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

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

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

Tata to pump in ₹30,000 crore for new ventures, new digital CEO on cards

Tata Sons to infuse ₹30,000 crore into digital, electronics, Air India, and defence units, funding to come through equity infusion

Tata Sons board accepts internal panel report on company secretary

Tata Sons board clears Suprakash Mukhopadhyay of wilful breach or personal gain in code of conduct case, reviews FY25 results and Tata Capital IPO plans

Tata Sons board to review financial results, Tata Capital IPO plans

Tata Sons board to assess FY25 financials, Tata Capital IPO, group firm performance, and dividend payout crucial to funding Tata Trusts' philanthropic goals

Tata Digital CEO Tahilyani resigns after a year, joins Prudential

Tahilyani, who joined Tata Digital in February 2024, exits after restructuring leadership and growing the firm's financial offerings including a booming credit card base

Tata group telecom services provider share zooms 28% in 2 days; here's why

Tata Sons Ltd, the holding company of the Tata Group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices.

Tata Sons may infuse capital into Tata Tele as AGR dues cross Rs 19,000 cr

Tata Teleservices faces dues of Rs 19,256 crore amid heavy losses and negative net worth; Tata Sons may extend support as SC dismisses telcos' AGR relief plea

Tata Sons Chairman meets UP CM, discusses investment, industrial growth

Tata Sons Chairman N Chandrasekaran on Wednesday paid a courtesy visit to Uttar Pradesh Chief Minister Yogi Adityanath in Lucknow on Wednesday, according to an official statement. The meeting centred around industrial development, investment promotion, and future strategies for the state, with detailed discussions on positioning UP as an ideal destination for domestic and international investors, as per the government statement. A key focus was the progress of the proposed "Temple Architecture Museum" project in Ayodhya, envisioned to preserve the state's religious and cultural heritage while significantly boosting tourism, it stated. "The discussion also covered the Jewar Airport project, which is expected to bring transformative economic and commercial growth to Uttar Pradesh. Additionally, talks were held regarding the potential establishment of an MRO (Maintenance, Repair, and Overhauling) facility for Air India, which would enhance the state's aviation services sector and ...

IPO-bound Tata Capital's impairment surges 310% to Rs 3,072 crore

Despite strong revenue growth, Tata Capital's FY25 standalone profit rose just 4% as impairment on financial instruments jumped over fourfold amid rising NPAs

Trust and transparency: Uncertainty for Tata Sons as listing deadline nears

It all started with RBI classifying Tata Sons as an upper layer non-banking financial company (NBFC) in September 2022, implying that it would be required to list on stock exchange within three years

Tata inks $990.79 million loan to fund Britain's biggest battery plant

The deal is among the three largest foreign currency loans for an Indian company this year

Tata Sons to utilise hefty TCS dividend to invest in new businesses

Tata Sons invested ₹3,000 cr in Tata Capital, Tata Projects rights issue in FY 2025

Tata Capital files for confidential IPO with Sebi, eyes ₹15,000 cr listing

Tata Capital's board approved the IPO, comprising a fresh issue of up to 230 million shares along with an offer for sale by existing shareholders