Page 5 - Tata Technologies

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500

Flurry of IPOs: 5 cos including Tata tech gear up to raise Rs 7,300 cr

The initial public offering (IPO) lane will be busy in November with five companies, including Tata Technologies and Indian Renewable Energy Development Agency Ltd, tapping the primary market next week to raise over Rs 7,300 crore collectively. The other three companies whose maiden public issues are ready to open are Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery India. Together, these five companies are expected to fetch more than Rs 7,300 crore through the IPOs, data from the stock exchanges showed. Before this, three firms -- ASK Automotive, Protean eGov Technologies, and ESAF Small Finance Bank -- launched their public issues earlier this month. Further, IPOs of Honasa Consumer, which owns FMCG brands Mamaearth, and household products and stationery manufacturer Cello World concluded in the first week of the month. V Prashant Rao, Director & Head-ECM, Investment Banking at Anand Rathi Advisors, attributed several factors to the hectic IPO ...

Tata Technologies sets IPO price band at Rs 475-500 per equity share

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

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 Motors hits new high; up 2% after setting price band for Tata Tech IPO

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.

Tata Technologies IPO opens Nov 22, price band set at Rs 475-500 per share

The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21

Tata Technologies sets Rs 475-500 as price band for Rs 3,043-crore IPO

According to reports, the price is about about 47 per cent lower than its price in the unlisted market where the stock currently trades at Rs 950 per share

Tata Tech IPO opens Nov 22, first share sale by group firm in 2 decades

Selling shareholders include Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund

Tata Technologies' IPO set to open for subscription on November 22

Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, representing 15% of its paid-up capital

Tata Tech in talks with Morgan Stanley, US funds for IPO investment: Report

"Big investors are quite excited by the Tata brand, and a profitable company with scale ... that's driving demand," the first source said

Tata Technologies, Cello among IPOs set for launch amid volatile market

Tata Technologies is among the most-awaited IPOs and the same is set to mark its entry into the share market in the second or third week of November

Tata Motors sells 9.9% stake in IPO-bound Tata Tech for Rs 1,613 crore

TPG Rise Climate is the lead investor for this transaction. TTL is a global engineering services company offering product development and digital solutions to global original equipment manufacturers

Tata Technologies pays Rs 25 lakh to settle shares issuance case with Sebi

Tata Technologies has settled with capital markets regulator Sebi a case pertaining to alleged violation of guidelines on disclosure and investor protection after paying a settlement amount of Rs 25 lakh. The order came after Tata Technologies filed a suomotu settlement application with Sebi proposing to settle "by neither admitting nor denying any conclusions" the enforcement proceedings that may be initiated against it for the alleged violation of DIP (Disclosure and Investor Protection) guidelines. "It is hereby ordered that any proceedings that may be initiated for the violations... are settled in respect of the applicant (Tata Technologies), the Securities and Exchange Board of India (Sebi) said in its settlement order passed on September 27. The company made preferential allotments multiple times during the period from December 27, 2000 to March 13, 2008. These allotments resulted in the issuance of shares to more than 49 shareholders in one financial year in violation of the

Tata Tech joins car manufacturers' partnership AUTOSAR as premium partner

Global engineering and product development digital services firm Tata Technologies Ltd on Monday said it has joined a worldwide development partnership of car manufacturers, suppliers, and other firms -- AUTOSAR -- as a premium partner. AUTOSAR has more than 280 partners, including BMW, Volkswagen, Toyota Motor Corporation, Ford, GM, DaimlerChrysler, PSA, Toyota, Bosch, Siemens, Peugeot Citron Automobiles S.A. and Continental AG, across the world. It aims to standardise the software architecture of vehicle electronic control units (ECUs) to improve the overall efficiency of automotive system software development and integration, Tata Technologies said in a statement. "This partnership further strengthens our commitment to the automotive industry and enables us to work more closely with the other members to develop and implement open standards that aim to improve the efficiency of the development process, reduce costs and increase the overall quality of the vehicles," Tata Technologi

Tata Tech evinces interest to set up CEFCs in K'taka, investing Rs 2,000 cr

Tata Technologies has come forward to set up three Common Engineering Facilities Centres (CEFCs) in the state by investing Rs 2,000 crore, to facilitate MSMEs, Karnataka Large and Medium Industries Minister M B Patil said on Wednesday. Representatives of the leadership team of the company met the Minister at Vidhana Soudha here on Wednesday and submitted the proposal in this regard, his office said in a release. The company has intended to set up these centres to facilitate, particularly the MSMEs, Patil said. The proposal is to set up the centres through the PPP model where Tata Technologies will have 70 per cent stakes and the rest 30 per cent stakes will be that of the state government, he added. This is said to be the first such proposal for setting up such centres for MSMEs. Each centre is estimated to cost about Rs 630 crores. The CEF centres will cater to Advanced Manufacturing 4.0, Electric Vehicle Testing and Aerospace & Defence, and vastly benefit the upcoming MSMEs and

Tata Motors gains 3% on Sebi nod to Tata Tech IPO; CLSA raises target price

The stock of the Tata group automobile company was trading at its highest level since September 2016

Tata Technologies IPO: Read to know everything about the company, listing

The Tata Motors subsidiary Tata Technologies filed for Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on March 9. Check out the full IPO details here.

TN govt collaborates with Tata to provide Industry 4.0 skilling to youth

The Tamil Nadu government has collaborated with Tata Technologies to transform 71 government Industrial Training Institutes (ITIs) into Industry 4.0 technology centres and on Thursday chief minister M K Stalin inaugurated 22 upgraded technology centres at an function at Oragadam in Kancheepuram district. This initiative will enable the poor and rural students besides youth in the state to get training at low cost and become capable of meeting the expectations of the industries, the CM said in his address at the inaugural function which was attended by state ministers, senior officials and Tata Sons Group chairman N Chandrasekaran. It has been planned to upgrade the ITIs at a cost of Rs 2,877.43 crore and in the first phase 22 technology centres were upgraded at a cost of Rs 762.30 crore. Tamil Nadu is in the forefront in several sectors like automobile, electronic components, ICT, and related industries, Fintech, e-vehicles, leather and footwear manufacturing besides banking, financ

Tata Technologies plans to hire 1,000 women engineers to promote diversity

Global engineering and product development digital services firm Tata Technologies Ltd on Tuesday said it aims to hire over 1,000 women engineers in 2023-24 as part of its move to promote gender diversity across its workforce. The company has launched its gender diversity-focused hiring campaign while encouraging women to join it for engineering a better world, Tata Technologies said in a statement. Through its 'RAINBOW' programme, the company said it has focused interventions on onboarding more women and parallelly creating support frameworks for them to succeed. Under it, there will be focused efforts towards attracting and onboarding diverse talent pool, it said adding, "The company aims to hire 1000 (plus) women engineers in FY24, to strengthen its gender diversity ratio further and has identified specific opportunities for women.. It will also focus on career growth by "grooming women leaders for tomorrow through the LeaderBridge-WINGS program, a six-month developmental ...

Jaguar Land Rover join hands with Tata Tech for digital transformation

Tata Motors-owned Jaguar Land Rover on Tuesday said it is partnering with Tata Technologies to accelerate its digital transformation. As part of the collaboration, Tata Technologies will deliver end-to-end integrated Enterprise Resource Planning (ERP) to transform Jaguar Land Rover's manufacturing, logistics, supply chain, finance and purchasing modules by bringing data and knowledge from multiple departments into one single source. The first phase will include Jaguar Land Rover's (JLR) UK core production facilities, with solutions subsequently deployed to other global locations. "The partnership with Tata Technologies will allow us to accelerate the transformation of our core ERP infrastructure to deliver the efficiency and usability we require for the future and our transformation objectives," JLR Executive Director of Industrial Operations Barbara Bergmeier said in a statement. Tata Technologies MD and CEO Warren Harris said the collaboration will help JLR to build innovative an