Page 6 - Tata Technologies

Tata Motors to partially sell stake in subsidiary Tata Tech via IPO

The offering could be Tata group's first since listing of TCS in 2004

Tata Tech plans IPO by fiscal-end, the first by Tata group in 18 years

The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO

Tata Tech joins Foxconn-led consortium to develop sustainable mobility

Foxconn-initiated Mobility In Harmony Consortium comprises more than 2,300 members in the field of software, hardware, and services

Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025

For the year ended March 2022, Tata Technologies revenue was seen at $473.5 million, along with an operating profit of $ 86.5 million and profit after tax of $58 million

Assam joins Tata Tech to transform 77 institutes into Centres of Excellence

As a part of the MoA, Tata Technologies Ltd would invest Rs 2,390 crore while the Assam government would contribute Rs 366 crore with 12,000 sq feet area

Tata Technologies offers to set up EV production unit in Punjab

A delegation of the Tata technologies called on Chief Minister Bhagwant Mann at his official residence.

Tata Technologies to hire additional 1,000 people in FY23 to support growth

Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital

Tata Technologies plans to hire 3,000 innovators in next 12 months

The company plans to ramp up its workforce in all major markets globally and India, which includes Maharashtra, Karnataka, Tamil Nadu, among others

Bihar cabinet approves modernisation of 149 ITIs in collaboration with Tata

The Bihar cabinet on Tuesday approved a project worth over Rs 4,606 crore for modernisation and urgradation of 149 state-owned Industrial Training Institutes to centres of excellence. The project will be executed in collaboration with Tata Technologies, Cabinet Secretariat Additional Chief Secretary Sanjay Kumar said. "The state government will soon sign a Memorandum of Association (MoA) with Tata Technologies in this regard. The company will spend 88 per cent of the cost and the rest 12 per cent will be borne by the state government to modernise the ITIs to impart advanced training to youths," the official said. Tata Technologies has "agreed to upgrade all 149 government-owned ITIs across the state", he said. Sixty of them have their buildings and other necessary infrastructure and these will be modernised in the first phase by March 2022. Kumar said the exercise for the remaining 89 facilities will be completed by March 2023. The cabinet also decided not to give further extensi

Tata Technologies expects to clock nearly $500 mn revenue this fiscal

Tata Technologies expects to clock close to half a billion dollars in revenue this fiscal, riding on accelerated growth from electric mobility across the globe

With India's foot on EV pedal, Tata Tech expects 35% biz recharge

Tata arm sets target of becoming 'half-a-billion-dollar' firm by end-FY22

NITES files complaint against Tata Technologies for sacking 800 employees

Harpreet Saluja, President NITES said that they received complaints from employees of Tata Technologies and hence they took the matter to the Labour department

Tata Technologies to modernise Karnataka ITIs with outlay of Rs 4,600 crore

The project cost will include investment from the state government as well as from a consortium of 20 companies led by Tata Technologies

Tata Tech, GKN Automotive set up e-mobility software centre in Bengaluru

Spread over 12,650 sq ft, the unit will leverage Tata's expertise in electric and embedded systems, and its ability to attract talent to work on GKN Automotive's e-drive

Warburg Pincus, Tata Motors call off $360-mn stake sale in Tata Tech

Warburg Pincus was to acquire approximately 43 per cent stake in Tata Technologies from Tata Motors and other Tata entities

Tata Technologies to acquire Escenda Engineering AB

Company will maintain same management team and full workforce under new ownership