Page 7 - Tata Sons

BigBasket and Tata 1mg opt for debt over equity for expansion in FY25

Tata 1mg received board approval for offline expansion, which will be funded through debt, while BigBasket plans to raise $80-100 million through a mix of equity and debt

UP okays TATA Sons' Rs 650 cr proposal for 'museum of temples' in Ayodhya

The Uttar Pradesh cabinet on Tuesday approved a proposal from the Tata Sons to build a 'museum of temples' in Ayodhya at a cost of Rs 650 crore, officials said. Sharing details about the decision, Tourism Minister Jaivir Singh said the tourism department would provide the company land for the international-level museum on a 90-year lease for a token money of Re 1. "Tata Sons had proposed the project through the Central government, offering to build the museum at a cost of Rs 650 crore under its corporate social responsibility fund," Singh said at a press meet here after the cabinet meeting chaired by Chief Minister Yogi Adityanath. The cabinet also okayed the company's proposal for other development works in the temple town for additional Rs 100 crore, he added. Tata Sons is the principal investment holding company and promoter of Tata companies. Other proposals approved during the cabinet meeting included the launch of helicopter services in Lucknow, Prayagraj an Kapilvastu unde

Tata Group firms executing over 100 GenAI projects: Chandrasekaran

Chandrasekaran said that AI will empower every employee to perform at a higher level of productivity.

N Chandrasekaran to lead Tata Electronics amid $14 bn semiconductor push

N Chandrasekaran will succeed Banmali Agrawala, who has served in this post for the past few years

Here's how much royalty Tata Group companies will pay for the Tata name

Tata Group companies pay a brand subscription fee for the privilege of using the 'Tata' name. Here is how much they will need to pay now

Tata group directors to meet in Mumbai on May 20 to talk future vision

The group had earlier put a cap on the brand subscription fee to group firms and this has now been lifted, leading to higher payout by TCS, said a source

Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report

Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding

Air India-Vistara merger: Tata Sons moves up deadline to year-end

Air India and Vistara have reached out to the Directorate General of Civil Aviation (DGCA) and initiated the process of merging their operational manuals

Tata Passenger Electric, Shell India partner for EV charging stations

Tata Passenger Electric Mobility on Thursday said it has tied up with Shell India Markets to collaborate in establishing public charging stations across India. The collaboration will leverage Shell's widespread fuel station network and Tata Passenger Electric Mobility's (TPEM) insights from over 1.4 lakh Tata EVs on Indian roads to set up chargers at locations frequently visited by EV owners, the company, a part of Tata Motors, said in a statement. "Through this partnership, we aim to grow the existing charging infrastructure, which is crucial for mainstream adoption of EVs in the country, particularly as the customer base continues to expand," TPEM Chief Strategy Officer Balaje Rajan said. Shell India Markets Director Sanjay Varkey said the company is committed to define the EV charging experience by offering integrated solutions that prioritise convenience, safety, and sustainability.

Tata Group will move to 70% green energy by 2030: Chairman Chandrasekaran

Tata Sons Chairman N Chandrasekaran on Saturday said the conglomerate will move to 70 per cent green energy by 2030. He was addressing the convocation of XLRI-Xavier School of Management in Jamshedpur where he was honoured with the Sir Jehangir Ghandy Medal for Social and Industrial Peace. "Nation-building impulse is as relevant now as it was earlier. There are major energy transitions, digital transitions in the form of AI and machine learning, and supply chain transitions that we are facing today. But, India is uniquely placed because we can invest in each of these transitions today because of the geopolitical advantages that our country has," he said. He said that by 2030, the Tata Group will move to 70 per cent green energy. Chandrasekaran said the priorities of the conglomerate are simplification, synergy, sustainability, supply chain transformation and digital transformation. "These are achieved via integrity, sound strategy, great execution, good governance and consistent .

Tata Sons offloads TCS shares worth over Rs 9,300 crore via open market

Tata Sons has offloaded shares worth around Rs 9,300 crore in IT major Tata Consultancy Services through open market route, a regulatory filing said on Thursday. According to the filing, Tata Sons has sold 234 lakh shares amounting to 0.65 per cent stake in TCS on March 19. Calculated on the basis of the closing price of Rs 3,977.55 on March 19, the deal value comes to Rs 9,307.46 crore. The block deal initiated by Tata Sons was aimed to offload up to 2.34 crore shares of TCS at a floor price of Rs 4,001 per share. This floor price represented a 3.65 per cent discount from Monday's closing price of Rs 4,144.75 apiece. As of December 2023, promoters and promoter group entities hold a 72.41 per cent stake in TCS, of which 72.38 per cent shareholding is owned by Tata Sons. Shares of TCS recovered 0.09 per cent and settled for the day on Thursday at Rs 3,974.05 apiece on BSE, after witnessing a decline in the previous three trading sessions. Tata Sons shares had slipped on stock exch

TCS slips 3% after 21 mn shares change hands in block deals on BSE

At 09:15 am; around 20.93 million equity shares representing 0.58 per cent of total equity of TCS changed hands on the BSE, the exchange data showed.

Tata Sons to sell 23.4 mn TCS shares worth Rs 9,362 crore in block deal

Over the past year, TCS shares have gained nearly 33 per cent, slightly outperforming the Nifty50 index, which has risen 30 per cent

Tata Group stocks fall amid IPO uncertainty, m-cap plunged by Rs 27,385 cr

Tata Investment Corporation and Artson Engineering fell 5 per cent each

Will Tata Group shares halt their one-way rally? Check details here

Stocks to Watch on Monday, March 11: As per multiple news reports, Tata Sons is mulling restructuring its balance sheet to get an exemption from the RBI from getting listed on the stock exchanges

Tata Sons' net debt burden at eight-year low as cash reserves swell

This comes amid group's bet on semiconductor, EV battery biz

Tata Sons listing: Tata Group stocks rally on hopes of value unlock

Automobile Corporation of Goa (ACG) gained the most at 14 per cent followed by Tata Chemicals and Tata Investment Corporation (TIC) at around 5 per cent each

Tata Sons can fetch Rs 7.8 trillion market valuation on listing: Report

A little-known equity market research firm has pegged Rs 7.8 lakh crore valuation for the Tata group's NBFC holding company Tata Sons on listing going by the current market cap of the group firms. Being an upper-layer non-banking finance company, Tata Sons has to go public over the next 18 months as per the RBI norms. Tata Sons could list within the next 1.5 years as the Reserve Bank classified Tata Sons as an upper-layer NBFC last year, which makes it mandatory for it to list itself by September 2025, Spark Capital said in a note on Tuesday. The report stated that the listing can lead to the simplification of the complicated group-holding structure of the group. Recent news reports indicated that the company can fetch a valuation of Rs 11 lakh crore and the IPO size will likely be around Rs 55,000 crore. We believe that 80 per cent of Tata Sons' holdings may not be monetisable but the process of restructuring can trigger a re-rating. "There are multiple levers of value available f

Tata Sons may fetch valuation up to $96 billion in IPO, says Spark

Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022

Tata group will remain committed to integrity, innovation: Chandrasekaran

Tata Sons Chairman N Chandrasekaran on Sunday said the conglomerate would continue to uphold the legacy of its founder Jamsetji Tata, and remain committed to the principles of integrity, innovation and social responsibility. Chandrasekaran was addressing a gathering at the Postal Park in Bistupur in Jharkhand's Jamshedpur after paying homage to Jamsetji Tata on his 185th birth anniversary. He was accompanied by Tata Steel CEO and MD TV Narendran. "Our founder, Jamsetji Tata, envisioned a future where industry would be a force for positive change, and it is with great pride that we continue to uphold his legacy. In this occasion, we reaffirm our commitment to the principles of integrity, innovation, and social responsibility that have guided us since our inception," Chandrasekaran said. "We will continue to work together with the community to build a brighter, more prosperous future for Jamshedpur and its residents," he added. Later, he inaugurated an exhibition at Steelennium Hall