Page 3 - Tata

PM Modi, Spanish counterpart to inaugurate Tata's C-295 aircraft facility

Prime Minister Narendra Modi and his Spanish counterpart, Pedro Sanchez, will inaugurate the Tata aircraft complex in Gujarat's Vadodara on Monday for manufacturing C-295 aircraft by Tata Advanced Systems. The Prime Minister's Office (PMO), in a statement on Saturday, said this will be the first private sector final assembly line for military aircraft in India. During the visit to his home state, Modi will also launch development projects worth more than Rs 4,900 crore in Amreli. The PMO said 40 aircraft will be built in the Vadodara facility as part of the agreement, while aviation behemoth Airbus will deliver 16 aircraft directly. Tata Advanced Systems is responsible for making these 40 aircraft in India and this facility will be the first private sector final assembly line (FAL) for military planes in India. It will involve the full development of a complete ecosystem, from manufacture to assembly, test and qualification, to delivery and maintenance of the complete life cycle o

Tata to hike tea prices across brand portfolio over next few months

Tata Tea will implement price hikes across its brand portfolio over the next few months, as it aims to expand its profit margins, which have been hit due to a jump in input prices, a top official said on Wednesday. Parent company Tata Consumer Products expects a rise in overall volumes, which were impacted due to reasons including flooding in urban areas, sluggish rural economy and also general slowdown in growth, its chief executive and managing director Sunil A D'Souza said. The company, which posted a 1 per cent jump in profits in the July-September quarter despite an 11 per cent jump in revenues, feels that the tea prices have shot up by over 25 per cent this year because of supply disruptions. It has started taking "calibrated price increases" while ensuring that there is no demand shock and also ensuring that it stays competitive, D'Zouza told reporters on the sidelines of an event. "... You would see some price implementations every quarter, if not a fortnight, and over a ..

Tata Hitachi expresses concerns over Chinese imports, seeks govt support

Construction equipment major Tata Hitachi on Wednesday expressed concerns over the growing penetration of Chinese imports in the Indian market, capping the growth trajectory of domestic companies despite healthy market conditions. The company urged the government to take measures to encourage companies that have invested heavily in 'Atmanirbhar Bharat' and 'Make in India' initiatives, by countering "unfair" competition from Chinese imports. Tata Hitachi Managing Director Sandeep Singh stated that the market share of Chinese excavators in India has surged to 20-22 per cent, a concerning trend given the country's focus on self-reliance and domestic manufacturing. "The Chinese penetration in the excavators segment has intensified in recent months, reaching about 20-22 per cent. This is very high. Five years back, it was not even 10 per cent," Singh told reporters on the sidelines of the CII-organised IMME and Global Mining Summit 2024. The construction equipment business in India is .

Chinese imports hit Indian construction equipment manufacturing sector

Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports

In the making: A Ratan Tata Building by Tata group and Oxford University

The statement also said the new building will create a permanent space for the Oxford India Centre for Sustainable Development (OICSD)

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh

Tata Motors receives order for 1,000 diesel bus chassis from UPSRTC

Tata Motors on Monday said it has received an order from the UP State Road Transport Corporation to supply 1,000 units of diesel bus chassis. The company received the order following a competitive e-bidding process, Tata Motors said in a statement. The bus chassis will be supplied in a phased manner as per mutually agreed terms, it added. "The Tata LPO 1618 bus chassis is engineered to deliver robust and reliable mobility with high uptime and low maintenance and operating costs. We look forward to commencing supplies as per the guidance of UPSRTC," Tata Motors Head Commercial Passenger Vehicle Business Anand S said. The latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year, which are currently running efficiently by the UPSRTC, the company said.

Campa Cola's comeback: How Reliance is shaking up India's drink market

India's $4.6 billion soft drink market has long been dominated by Coca-Cola and PepsiCo, but Reliance's entry is now causing a stir

Tata Consumer Products Q2 results: Net profit rises 7.7% to Rs 364.4 crore

The India foods business revenue grew over 28 per cent (plus 9 per cent excluding Capital Foods), and its value-added salt portfolio grew by 26 per cent, with rock salt registering record volumes

Tata Chemicals Q2FY25 results: Net profit narrows 55% to Rs 194 cr

The chemical maker's consolidated net profit fell to Rs 194 crore ($23.1 million) for the quarter ended Sept. 30 from Rs 428 crore a year earlier

Who is Shantanu Naidu, and what role does he play at the Tata Group?

Ratan Tata, one of India’s most iconic business figures, passed away at 86, leaving a legacy that touched many lives.

Noel Tata to succeed Ratan Tata; Who is he?

Meet Noel Tata, the half-brother of Ratan Tata and a key figure in the Tata Group’s future. According to reports, Noel Tata has been unanimously elected as the chairman of Tata Trusts.

Bengal Inc mourns demise of Ratan Tata, expresses admiration for his legacy

The business community in Bengal and across India is in mourning, following the demise of Ratan Tata, the legendary former chairman of the Tata Group. Tributes poured in from industry leaders and organisations alike, expressing their deep sorrow and admiration for Tata's legacy. Amit Saraogi, president of the MCCI, lauded Tata's transformative leadership, which saw the Tata Group's revenues soar from USD 4 billion to over USD 100 billion. Saraogi also highlighted Tata's significant contributions to corporate social responsibility and philanthropy. Titagarh Rail VC & MD Umesh Chowdhary and other prominent figures echoed Saraogi's sentiments, emphasising Tata's inspirational qualities and unwavering commitment to excellence. They remembered him as a visionary businessman who not only shaped the Indian corporate landscape but also touched the lives of countless people. The Indian Chamber of Commerce (ICC) also expressed condolences highlighting Tata's pioneering role in forging a ...

Will walk alongside Air India: IndiGo MD Bhatia pays tribute to Tata

Paying tribute to late Ratan Tata, InterGlobe Enterprises Group Managing Director Rahul Bhatia on Thursday said IndiGo will walk alongside Air India to secure the country's rightful seat at the centre stage of global aviation. "As we all know, Mr. Tata had a deep passion for flying machines, and I was only too pleased to see Air India return to where it truly belonged," Bhatia said in a statement. Tata, who was the Chairman Emeritus of Tata Sons, passed away on Wednesday night. "While I am much too small a man to say this, in tribute to Mr Tata's love for flight and his vision for the future of Indian Aviation, IndiGo will, ever so modestly, walk alongside Air India to secure India's rightful seat at the centre stage of global aviation," Bhatia said. InterGlobe Enterprises is the parent of the country's largest airline IndiGo. Bhatia also recalled that he had the occasion to engage with Tata and that was when he returned from college in 1985. According to Bhatia, they discussed t

Ratan Tata looked beyond the balance sheets. He was a man of ideas

Ratan Tata was a reflection of compassionate capitalism. Like other gems of the Tata brand, he didn't require any parliamentary legislation to fulfill his social responsibilities

Ratan Tata brought reforms to Tata Group's working ethos: Amit Shah

Union Home Minister Amit Shah will attend the funeral of industrialist Ratan Tata in Mumbai on Thursday, sources said on Thursday. Shah will pay respects to the mortal remains of Tata on behalf of Government of India, they added. The home minister will visit Mumbai for the funeral as Prime Minister Narendra Modi is leaving for Laos to attend the ASEAN-India and East Asia summits. In a message, Shah said he was deeply saddened by the demise of the "legendary industrialist and true nationalist". He said Tata selflessly dedicated his life to the development of the nation. "Every time I met him, his zeal and commitment to the betterment of Bharat and its people amazed me," he added. The home minister said Tata's commitment to the welfare of the country and its people led to the blooming of millions of dreams. "Time cannot take away Ratan Tata Ji from his beloved nation. He will live on in our hearts. My condolences to Tata Group and his countless admirers. Om Shanti Shanti Shanti,"

Ratan Tata a 'role model' who inspired generations of entrepreneurs: Ficci

Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism". Ficci President Anish Shah said, "Ficci remembers Ratan Tata not just as a successful businessman but as a role model who embodied the values of integrity, humility, and social responsibility." "His vision of ethical capitalism and his efforts to use business as a force for societal good have inspired generations of entrepreneurs and corporate leaders," Shah said. The loss of Mr Tata leaves a void in the Indian business community that will be hard to fill, the industry body said, adding Ficci extends its deepest condolences to his bereaved family and friends. Echoing similar sentiments, Assocham described him as an iconic leader whose influence extended beyond Corporate India making him a global leader with immense goodwill. "Mr Tata not only took a well-diversified

Prez Murmu, political leaders condole demise of industrialist Ratan Tata

President Murmu highlighted Tata's contributions to philanthropy and charity calling them as invaluable

Irreparable loss: CMs of eastern states mourn Ratan Tata's demise

Chief ministers of West Bengal, Jharkhand and Odisha on Wednesday evening condoled the demise of Tata Group's chairman emeritus and veteran industrialist Ratan Tata, and said his legacy will live on forever. The 86-year-old Padma Vibhushan breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm, a top police officer told PTI. He was admitted to the hospital for the past few days. Saddened by the demise of Ratan Tata, Chairman Emeritus of the Tata Sons. The former Chairman of Tata Group had been a foremost leader of Indian industries and a public-spirited philanthropist. His demise will be an irreparable loss for Indian business world and society. My condolences to all his family members and colleagues, Banerjee wrote on X. In 2008, the Tata Group decided to move the Nano factory out of Singur in Bengal's Hooghly district over a land acquisition controversy. Banerjee, whose TMC was in the opposition back then, had spearheaded a movement against the ruling Left Front, .

World's most influential industrialist Ratan Tata passes away at 86

He was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity. Tata joined the family firm after acquiring a B.S. in architecture from Cornell University, Ithaca, New York, in 1962. He initially worked on the shop floor, gaining experience in a number of Tata Group businesses before being named director in charge of one of them, the National Radio and Electronics Co in 1971. He became chairman of Tata Industries a decade later and in 1991, took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. This was the year when India ope