Page 8 - Tata Sons

Tata Capital seeks shareholders' nod on related party deals with Tata Steel

RPTs with Tata Steel to rise to Rs 12,000 cr

HC sends summons to TATA SIA Airlines on minor's plea for Rs 2.5 cr damages

The Delhi High Court has issued summons to TATA SIA Airlines, which operates Vistara, on a plea by a minor and her parents seeking more than Rs 2.5 crore damages for bodily injuries the child suffered after a hot beverage was allegedly spilled on her by a flight attendant. Justice Anup Jairam Bhambhani said summons be sent to the defendant, TATA SIA Airlines Ltd, which is a joint venture between Tata Sons and Singapore Airlines, by all permissible modes and it shall file a written statement along with an affidavit of admission or denial of the documents filed by the plaintiffs within 30 days. "Upon a prima facie conspectus of the matter, let the plaint be registered as a suit. Issue summons in the suit," the court said. It listed the plea for March 6 for hearing the interim application in which the plaintiffs have sought a direction to the airline to remove the official statement relating to the incident and to restrain it from publishing any defamatory contents against them or ...

Tata unit Agratas in India in talks for green loan of up to $500 million

The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the UK. Its facilities are designed to be powered by clean energy, according to company's website

At Vibrant Gujarat Global Summit, firms unveil big spending plans

At the Vibrant Gujarat Summit 2024, India's corporate goliaths- Adani, Ambani, and Tata- collectively announced mega investment plans for the state

Vibrant Gujarat 2024: Tata to soon start new semiconductor factory in state

Vibrant Gujarat Summit: 'Tata Group is about to complete negotiations surrounding semiconductor fab plant in Gujarat,' announced chairman N Chandrasekaran

Need to be prepared for more disruption in 2024: Tata Sons Chairman

The complexity of global governance will reach new heights in 2024, and there should be preparedness for more disruption and volatility, according to Tata Sons Chairman N Chandrasekaran. In his New Year message to employees of the Tata Group, Chandrasekaran identified three priorities -- execution, customer satisfaction and technology -- for the group as it moves forward with its transformation journey in the next year, asserting the next decade will belong to companies who excel in giving customers excellent experiences. He described 2023 as "a tumultuous year", when the world faced an array of destabilising trends, from escalating geopolitical tensions to the mass adoption of generative AI (artificial intelligence) to the ever-accelerating push toward sustainability. "Some of these trends have been welcome; others much less so. But all of them have made the rules and processes governing our world trickier to navigate and all of them have added to the pressure to adapt," ...

Ratan Tata's birthday: Interesting facts about the legendary industrialist

Ratan Tata turns 86: The Tata Sons Chairman emeritus has earned universal adulation for his philanthropic activities

India is world's emerging workforce, says Tata Sons Chairman Chandrasekaran

At 16th JRD Tata oration, N Chandrasekaran highlights the role of Indian youth in global development and the importance of education, healthcare, and digital inclusivity

Tata Sons likely to mop up Rs 12,284 crore from TCS share buyback

Rs 17K cr offer at Rs 4,150 per share to open on Dec 1

Tata Technologies IPO: A brief overview of the Pune-based ER&D firm

Apart from its anchor clients Tata Motors and Jaguar Land Rover, the company served other global biggies such as Airbus, Ford, McLaren, Honda, and Cooper Standard

Tata Sons to infuse Rs 2,000 crore in loss-making subsidiary Tata Tele

For the first half of the ongoing financial year, the company reported a loss of Rs 672 crore on total income of Rs 1,046 crore, according to filings with the stock exchanges

Tata Sons comes to rescue of Tata Play as it faces growth headwinds

Tata Sons' deal with Temasek is expected to value Tata Play at around $1 billion, or around Rs 8,300 crore

Tata Consumer emerges as frontrunner in race for makers of Ching's Secret

In 2022, Capital Foods' three main shareholders decided to put the company up for sale

Air India, Vistara merger: Creditors to vote on merger proposal on Sept 23

Air India is wholly owned by Tata Sons, whereas Vistara is a 51:49 joint venture between Tata Sons and SIA

RBI releases list of 15 NBFCs in upper layer under scale based regulations

All deposit-taking NBFCs and non-deposit-taking NBFCs with an asset size over Rs 1,000 crore are in the middle layer

RBI says 15 large NBFCs to comply with enhanced regulatory requirements

Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released. Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company. Indiabulls Housing Finance, Mahindra & Mahindra Financial Services, Tata Capital Financial Services, PNB Housing Finance, HDB Financial Services, Aditya Birla Finance, Muthoot Finance and Bajaj Housing Finance are also part of the list. According to RBI, despite qualifying for identification as NBFC-UL as per scoring methodology, TMF Business Services Ltd

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Tata Electronics plans to raise Rs 500 crore loan for Tamil Nadu unit

The cost of Tata Electronics' unit expansion is pegged at Rs 3,400 crore, the capacity expansion is expected to be complete in the current financial year (FY24).

Adani, Emirates, Tata interested in SriLankan Airlines, claims report

Private companies, including Tata Sons, Adani Group, and Emirates, engage in discussions as the Sri Lankan government looks to privatise SriLankan Airlines

CCI approves Air India-Vistara merger, subject to certain conditions

CCI has not issued an order on this matter yet. As per official sources, it is expected to issue an order after one month