Page 5 - Tata

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

India is a 'bright spot', will lead the next decade: N Chandrasekaran

Tata Consumer Products on 'transformative journey' to serve Indians, he says in company's annual report

Tata Digital unveils leaner A-team under new CEO Naveen Tahilyani

The new streamlined structure makes the firm more nimble and business focused

TaMo's arms partners with Bajaj Finance to provide financing to dealers

Tata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers. Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers, the company said in a statement. Under a Memorandum of Understanding (MoU), the participating companies will come together to leverage Bajaj Finance's wide reach to help dealers of TMPV and TPEM access funding with minimal collateral, it added. The partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital, TPEM CFO and TMPV Director, Dhiman Gupta said. "Through this financing programme, we will arm TMPV and TPEM's authorised passenger and electric vehicle dealers with financial capital, which

Return to work or face termination: Air India Express gives crew ultimatum

Air India Express fired 25 cabin crew members and demanded others to either return to work by 4 pm on Thursday or face termination

Over 100 Air India Express flights cancelled as cabin crew calls in sick

Air India Express has opted to reduce its flight operations until May 13, with a usual schedule of around 360 flights per day, covering both domestic and international routes

Air India Express fires cabin crew members over 'premeditated' sick leave

According to Air India Express CEO Aloke Singh, more than 100 cabin crew members had reported sick just before their rostered flight duty since Tuesday night

Tata Consumer to strengthen distribution in smaller towns for growth: CEO

"Over a period of time, volume has come back. It is broadly in the ballpark. From a volume perspective, Q4 was slightly tough," says D'Souza

Tesla inks semiconductor deal with Tata electronics for global operations

This agreement comes amid Elon Musk-led Tesla's eagerness to penetrate Indian market, and his scheduled visit to the country this month

SpaceX rocket deploys Tata's indigenous military-grade satellite into orbit

Named TSAT-1A and manufactured at the Vemagal facility in Karnataka, the satellite was part of SpaceX's payload aboard the Bandwagon-1 mission

Tata Mutual Fund launches six sectoral and thematic index funds

Schemes are based on infra, manufacturing, health care, realty sectors and themes, among others

Apple pivots to housing for Indian factory workers. Plans 78,000 homes

'The massive employee housing initiative aims to enhance efficiency and provide security, particularly for migrant women employees,' said an official

Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur

Apart from the engines, the factory will also manufacture low to zero-emission technology products

Tata Sons to sell up to 23.4 mn TCS shares in a deal worth $1.13 bn

Tata Consultancy Services' stock price closed at Rs 4,152.50 today, it is up 1% on one month and has gone up by 14.92% in six months

PV or CV at TN plant? Tata Motors will take a call based on market trend

Tata Motors and the Tamil Nadu government signed a memorandum of understanding on Wednesday to set up a manufacturing unit in Ranipet near Vellore with an investment of Rs 9,000 crore

Tata Electronics bets big on Singapore-based semiconductor co Silicon Box

Silicon Box specialises in chiplet technology which is considered an advance over traditional chip making

Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran

Tata Electronics plants will gradually serve all sectors in a phased manner by supplying chips and generate around 72,000 jobs over the years, Tata Sons Chairman N Chandrasekaran said here. While speaking on the sidelines of the groundbreaking ceremony of Tata Electronics' Rs 91,000 crore chip manufacturing plant and Rs 27,000 crore chip assembly facility in Assam, Chandrasekaran said there will be the expansion of projects but only after the company cross the early milestones. He said Tata Electronics chips will cater to the requirements of various sectors, including automotive, power, electronics, consumer, and medical, among others. "There is a whole range of sectors, which have a need for chips in this sector. Obviously, we can't produce all form factors on Day 1. It will happen in stages, but we will be serving all sectors," Chandrasekaran said. Tata's chip plant is capable of producing wafers in 28 nanometers (nm) to 110 nanometer nodes, the chairman noted. High-tech gadget