Page 5 - Tata

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.

Ambani takes Shein's help to battle Tata in race to sell affordable fashion

Reliance Industries Ltd. has poured more than $2 billion into its retailing unit over the past year

Tata Motors, Tata Power partner to boost EVs, solar power adoption

Two Tata Group companies will provide comprehensive solutions that include the purchase of an electric vehicle and the installation of a solar rooftop system

Sony and Tata Play clash over removal of channels, legal action considered

Tata Play cited declining popularity and cost savings for consumers as reasons for the removal of Sony channels, while Sony claims this to be retaliation from the DTH operator

Tata Steel seeks bigger share in auto sector, pins strategy on Odisha plant

Two crucial processing systems at Kalinganagar facility to be commissioned in the next few quarters

Jewellery brand Titan reports 9% revenue growth in Q1, adds 61 stores

Leading jewellery and watchmaker Titan on Friday said it clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024. The Tata Group-managed firm added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of its revenue, reported 9 per cent growth in the domestic market and added 34 stores. "The auspicious week of Akshaya Tritiya witnessed double-digit growths (in Tanishq secondary sales) compared to the same period last year. However, high gold prices and their continued firmness had an impact on consumer demand," it said. Moreover, the quarter has lower wedding days and overall sentiments were "relatively muted" in comparison to Q1/FY24. "Domestic growth came largely through an increase in average selling prices whereas buyer growth was in low single digit. Gold (plain) grew in high single digit while studded growth was moderately lower in ...

Atmanirbharta has been part of our culture from Day One: Tata Hitachi MD

Set up in 2009, the Kharagpur facility in West Bengal is spread over 250 acres and happens to be one of the largest excavator plants in South East Asia

HDFC Bank updates rewards on Tata Neu Infinity card for UPI transactions

If a UPI transaction is made using Tata Neu UPI ID, customers will earn an additional 1 per cent back as NeuCoin

India's consumer market represents long-term opportunity: N Chandrasekaran

India's consumer market represents a long-term structural opportunity, driven by population, a growing middle class, rapid urbanisation, increasing disposable incomes and raising aspirations, Tata Consumer Products Ltd Chairman N Chandrasekaran said on Thursday. The Tata group's FMCG arm is well positioned to capitalise on the significant opportunity, he said, while addressing the annual general meeting (AGM) of TCPL. Chandrasekaran said the India economy has been growing "very strongly" and the current momentum continues to be high. India is likely to maintain similar growth momentum in the coming years, he said, adding that the global economic landscape has been rather volatile with the geopolitics reshaping supply chains, energy security, and overall resilience. The baseline forecast for the world economy is to continue to grow over 3 per cent during 2024 and 2025. However, "India has been growing very strongly with the economic growth rate of 8.2 per cent for the fiscal 2023-2