Page 4 - Tata

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

Ratan Tata's mortal remains taken to NCPA for people to pay tributes

Legendary industrialist Ratan Tata's body was on Thursday morning taken from his house in a hearse, decked with white flowers, to the NCPA in south Mumbai where it would be kept for people to pay their last respects. Before the hearse started from Tata's home, located a couple of kilometres away from the National Centre for Performing Arts (NCPA), the Mumbai Police band played a tune as a mark of respect to him. As the news of Tata's demise spread, people from different walks of life gathered outside his house since early Thursday morning to pay tribute to him. Cricket legend Sachin Tendulkar was among the early visitors at Tata's home. Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, died at age 86 at the Breach Candy Hospital in Mumbai on Wednesday night. Chief Minister Eknath Shinde, his deputy Devendra Fadnavis, Maharashtra's education minister Deepak Kesarkar and industrialist Mukesh Ambani were among those who rushed to the

Ratan Tata, chairman emeritus, Tata Group in critical condition: Sources

Tata, 86, said on Monday he was undergoing routine medical investigations due to his age and related medical conditions

Tata Electronics appoints Bobby Mitra as CIO & prez of AI, digital wing

Tata Electronics on Wednesday said it has appointed Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation. In this role, Mitra will drive enterprise-wide initiatives in AI and digital transformation for electronic manufacturing services, semiconductor assembly and test, semiconductor foundry, and design services businesses, it said in a statement. Mitra and his team will be instrumental in advancing Tata Electronics' commitment to AI-led manufacturing excellence, particularly in establishing India's first semiconductor Fab in Dholera, Gujarat and the first indigenous semiconductor assembly and test facility in Jagiroad, Assam. Tata Electronics MD and CEO Randhir Thakur said Mitra's deep knowledge of smart manufacturing and the digital ecosystem will be key to delivering value to the customers. Earlier, Mitra had led smart manufacturing as well as industrial systems and personal electronics systems globally for Texas Instruments and served as

Tata iPhone component plant in TN halts production indefinitely after fire

The fire broke out at the plant in Tamil Nadu state early on Saturday, leaving 10 people with minor injuries and halting production

Tata Electronics to hire 20K more employees at Hosur unit: Chandrasekaran

Chandrasekaran was attending the groundbreaking ceremony of the Rs 9,000 crore manufacturing unit by Tata Motors

Tata to build 150 DRDO-developed WhAP armoured vehicles for Morocco

Trials of the vehicle have been ongoing in Morocco for the last several months

Fire breaks out at Tata Electronics' unit in Hosur, employees safe

The fire, according to media reports, started at the mobile phone accessories painting unit of the company

Tata Electronics, PSMC sign pact for Rs 91,000 cr chip manufacturing unit

Tata Electronics on Thursday said it has concluded an agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation, which will provide technology support for the Dholera wafer fab of the Indian tech major. As per the agreement, PSMC will provide design and construction support to build India's first AI-enabled greenfield fab in Gujarat, license a broad portfolio of technologies and provide engineering support to the fab unit. "We are pleased to partner with PSMC, whose technology and expertise will significantly accelerate our roadmap to pioneer semiconductor manufacturing in India. It will position us to play a key role in the growing semiconductor market to serve global customers," Tata Sons Chairman N Chandrasekaran said. The company is setting up a chip manufacturing unit in Dholera at an investment of up to Rs 91,000 crore ( about USD 11 billion). "Tata Group's multi-fab vision for Dholera is projected to create over 1,00,000 skilled jobs," the statement ...

Tata Electronics to build two semiconductor manufacturing fabs in Gujarat

Construction Tata Electronics' first chipmaking unit in Gujarat is already underway with its first phase valued at Rs 91,000 crore

CCI clears proposed merger of Tata Motors Finance into Tata Capital

The Competition Commission of India (CCI) on Tuesday cleared the proposed merger of Tata Motors Finance Ltd into Tata Capital Ltd. Tata Capital Ltd (TCL) is a subsidiary of Tata Sons and is operating as a non-banking financial company Investment and Credit Company (NBFC-ICC). TCL is engaged primarily in the business of lending, leasing, factoring, financing and distributing financial products. "CCI approves the proposed merger of Tata Motors Finance Ltd with and into Tata Capital Ltd," the regulator said in a post on X. Tata Motors Finance Ltd (TMFL) operates as an NBFC-ICC and is engaged in the business of granting loans and facilities for financing the purchase of new vehicles manufactured by Tata Motors and its group companies. TMFL also refinances existing vehicle finance loans. It is a step-down wholly-owned subsidiary of Tata Motors Ltd. In June this year, Tata Motors, TCL and TMFL's board approved a merger of TMFL with TCL through an NCLT scheme of arrangement. As ...

Tata Electronics signs MoU with Tokyo Electron to buy semicon equipment

Tata Electronics has signed a memorandum of understanding with Tokyo Electron to buy equipment and services for its under-construction chip units in Gujarat and Assam. Under the agreement, Tata Electronics and TEL will also focus on training Tata Electronics' workforce on TEL equipment and supporting ongoing improvement and research and development initiatives. "Tata Electronics...signed a memorandum of understanding with Tokyo Electron Limited (TEL), a leading global supplier of semiconductor equipment and services. The two companies will collaborate to accelerate semiconductor equipment infrastructure for India's first Fab being built by Tata Electronics in Dholera, Gujarat, and for its assembly and test facility in Jagiroad, Assam," Tata Electronics said on Monday. Tata Electronics is building India's first Fab in Dholera, Gujarat, with a total investment of Rs 91,000 crore and assembly and testing of semiconductor chips with investment of Rs 27,000 crores in Jagiroad, ...

Tata Power awards contracts worth Rs 11,481 cr to local suppliers in Odisha

Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said. The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the past three years since taking over the state's power distribution operations. These contracts, spread across two major categories like materials and services, have been awarded to local contractors and suppliers. Odisha discoms - TP Central, TP Southern, TP Northern, and TP Western Odisha Distribution Limited have forged agreements with 6,645 local vendors and suppliers, the official said. The company in a statement said that these collaborative partnerships serve as the backbone for day-to-day operations and services, with a special emphasis on encouraging local vendors to employ residents from the nearby regions. Within the service sector, covering meter reading, billing, network .

Investment worth $30 billion likely in semiconductor space in 4 years

This is about 6% of new investment in the sector globally

Sub-10 nm chips likely to steer 60% of India's semicon market by 2032

Conventional chips to drive $40 billion market for Tata and others: Report

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

10-minute delivery to become BigBasket's default option: CEO Hari Menon

This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

Tata Group to give jobs to 4,000 women from U'khand at TN, Karnataka plants

Tata Group will give jobs to 4,000 women from Uttarakhand at its plants in Tamil Nadu and Karnataka. Its Chief Human Resource Officer Ranjan Bandopadhyay has written a letter to this effect to the state planning department, an official release said here on Monday. The recruitment process will begin soon, it said. Tata Electronics Pvt Ltd will appoint 4,000 women candidates from Uttarakhand at its plants in Hosur in Tamil Nadu and Kolar in Karnataka under the NPS and NATS programmes, the release said. Those who have cleared class 10 or 12 examinations are eligible for NPS programmes, while for NATS an ITI diploma is necessary in addition to these, it said. After selection, they will be appointed as shop floor technicians. Apart from a fixed salary, they will also get accommodation, food, transportation and other facilities, it said.