Page 9 - Tata Sons

Tata Consumer, ITC among companies looking to buy into Organic India

Backed by Fabindia, Organic India produces organic teas and health products

Top headlines: Jio Financial India's most valued NBFC, turmeric prices soar

Business Standard brings you the top headlines at this hour

Tata subsidiary likely to invest $1 billion in battery units in first year

BCATL, the Chinese group, is planning a 100GWh plant in Hungary at a cost $83 million per GWh, UK media reported

Tata plugs into UK automotive sector for $5.2 bn electric car gigafactory

JLR, Tata Motors to be anchor customers of EV battery unit

TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam

TCS has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons Chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting here. "We have banned six employees and also six companies," he said in response to questions from shareholders. He said the company received two separate whistleblower complaints -- one pertaining to appointment of business associates or contractual workers in the US, and one in India, in late February and March, after which it investigated the allegations. Chandrasekaran said he cannot quantify the favours these employees got but the banned employees behaved in such a way that they were favouring certain firms. "The company will look at the whole BA (Business Associate) supplier management process and see what

SP Group firm Afcons Infra to tap market to raise Rs 8,000 cr: Report

The fundraising by Afcons Infrastructure comes shortly after another group company, Goswami Infratech, raised nearly Rs 14,500 crore by issuing bonds

Top headlines: Record dividend for Tata Sons, govt testing for cough syrup

Business Standard brings you top news at this hour

Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23

Rs 33K-cr payout by group firms up 130% YoY

Icra downgrades Shapoorji Pallonji Group flagship's ratings to BBB+

The flagship company of Shapoorji Pallonji Group, the single-largest shareholder in Tata Sons, had its debt downgraded on Thursday by a domestic rating agency. The Rs 19,600-crore debt across multiple instruments of Shapoorji Pallonji and Company Private Limited (SPCPL) has been downgraded to BBB+/A2 from A- (with a stable outlook)/ A2+, and placed on rating watch with developing implication, according to a statement. The delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY23, is resulting in modest profitability and muted debt coverage metrics, Icra said. Its line of credit was put to restricted use as a part of the One Time Restructuring (OTR) plan in March 2022, which constrained order execution in FY23, it said, adding timely sanction of adequate working capital limits remains critical to support the growth in core operations in the medium term. The 'Watch with Developing Implications' ..

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt

Tata Capital is getting aggressive in the retail loans segment and the majority of funds raised this quarter will be for home loans and personal loans, according to a banker

Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan

The billionaire Mistry family's estate is likely to soon change hands

Air India may find it cheaper to buy jets, thanks to Tata's credit profile

On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce

Tata mulls merger of arm for exemption from RBI as NBFC upper layer tag

Legal sources said Tata Sons will have to submit audited financial data of each subsidiary and its step-down subsidiaries--about 1,300 firms in all--in order to seek exemption

Tata Sons exploring ways to get out of upper layer NBFC list: Report

Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs

1 year on: A snapshot of Air India's performance under the Tata group

The carrier has taken various steps to improve its performance such as starting flights on 16 international routes, hiring 1,200 people, doubling average daily revenue

Air India-Vistara to get $1.5-$1.8 billion from Tata Sons: Report

The investments will be made from the proceeds received as dividend income from Tata Consultancy Services (TCS) and other firms of the group

One year since Tatas took over Air India, here's how the journey has been

From expanding its reach to bringing in cultural changes, the flight has had its challenges

B20 has unique opportunity; can be value adding for world: N Chandrasekaran

The Business-20 has a unique opportunity and a very important role to play in working out agenda that can be value adding for all G-20 nations and the rest of the world, B20 India Chair N Chandrasekaran said on Monday. The Business 20 (B20) is the official G20 dialogue forum with the global business community. It is among the most prominent engagement groups in G20, with companies and business organizations as participants. In his address at the B20 India inception meeting here, Chandrasekaran, who is also the Chairman of Tata Sons, said during India's leadership of the forum, various initiatives would be taken up in several areas, including global supply chain, creative skills, circular economy, digital transformation and financial inclusion. "India is in a very unique position in the world at a time (when) we are seeing several moving parts, and B20, during India's leadership of G20, has a unique opportunity and has a very important role to play," he said. Chandrasekaran said ...

Air India fell short, should have been swifter: Tata boss on pee-gate

Tata Group Chairman N Chandrasekaran admitted on Sunday that Air India's response to the incident of a drunk passenger allegedly urinating on a woman on one of its international flights last year should have been "much swifter". In a statement, which came days after the aviation regulator DGCA pulled up the Tata Group-owned full service carrier, Chandrasekaran also said that "we fell short of addressing this situation the way we should have." In a shocking incident, an inebriated man allegedly urinated on a female co-passenger, a senior citizen in her seventies, in the business class of Air India New York-New Delhi flight on November 26 last year. The accused Shankar Mishra was arrested by the Delhi Police from Bengaluru on Saturday. "The incident on Air India flight AI102 on November 26, 2022, has been a matter of personal anguish to me and my colleagues at Air India. Air India's response should have been much swifter. We fell short of addressing this situation the way it should h

Tata Sons chairman to head Maharashtra's new economic advisory body

Tata Sons chairman N Chandrasekaran will head the new Economic Advisory Council of Maharashtra, the state government said on Thursday. Deputy Chief Minister Devendra Fadnavis made the announcement in the Legislative Council in Nagpur. To make Maharashtra a trillion dollar economy, the state government is setting up an Economic Advisory Council, to be headed by Tata Sons chairman N Chandrasekaran," he said. It will function as a private research organization with focus on issues related to agriculture, banking, engineering and education, among others, Fadnavis added. The government is also focusing on certain 'aspirational' regions to enhance the state's human development index, he said.