Page 6 - Tata

Rs 2.5 trn smart metering play has Adani, Tatas walking different paths

Installation of 25 crore meters is estimated to offer Rs 2.5 trillion revenue opportunity

Tata group considering spinoff of battery business Agratas Energy Storage

A listing may value Agratas at $5 billion to $10 billion depending on its growth and market sentiment, they said. A representative for Tata declined to comment

Premium and luxury segments becoming more prominent in India: Titan CFO

Sonthalia says that the company is aiming for margin optimisation through cost control and growth through international expansion and product diversification

CCI clears Tata Electronics acquisition of Wistron's iPhone assembly plant

The Competition Commission of India (CCI) on Tuesday said it has cleared Tata Electronics' proposed acquisition of Taiwan-based Wistron's operations in India. Wistron Infocomm Manufacturing (India) operates an iPhone assembly plant near Bengaluru. In October last year, Wistron Group announced it has agreed to sell a plant in Bengaluru to the Tata Group. According to an update on the CCI's website on Tuesday, the regulator has cleared the deal between Tata Electronics and Wistron. Tata Electronics proposes to acquire 100 per cent of the Wistron Infocomm Manufacturing (India) equity share capital from SMS Infocomm (Singapore) Pvt Ltd (SMS Infocomm) and Wistron Hong Kong Ltd (Wistron HK), as per a notice submitted to the regulator. SMS Infocomm and Wistron HK owned 99.99 per cent while 0.01 per cent of the Wistron Infocomm Manufacturing (India) share capital on a fully diluted basis, respectively. Wistron InfoComm Manufacturing (India) was incorporated in 2017 by the Wistron group.

Tata Elxsi Q3 net profit rises 6% to Rs 206 cr on transportation segment

The company's net profit rose to 2.06 billion rupees ($24.78 million) for the quarter ended Dec. 31 from 1.95 billion rupees a year ago

Beyond the 'chameleon' strategy

Drawing on his four decades of experience across sectors, Harit Nagpal's book offers actionable nuggets for anyone who worries about becoming obsolete as things change and they struggle to keep pace

Tata's fab investment to be big, will move for Cabinet approval soon: Govt

The Tata Group's investment for the fab manufacturing in Gujarat will be "very big" and a Cabinet note seeking approvals for the project will be moved "very soon", Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Thursday. Speaking at the biennial Vibrant Gujarat Global Summit here, Vaishnaw said the Tatas' proposed investment is important because it will be serving a wider spectrum of opportunities, right from fab to OSAT (Outsourced Semiconductor Assembly and Test). Vaishnaw said the fab proposed in Dhooera will be a semiconductor chips manufacturing factory, which will be a "very big investment". "Already there is a lot of good progress on it. Very soon, we will take it to the Cabinet and construction will begin after that," Vaishnaw told reporters. The Union Cabinet will have to grant approval for the project, he added. The Union minister also said the Tata Group will tie up with a technical partner to set up the project, but declined to share

TN global investors meet: Tata Electronics, JSW, TVS unveil mega plans

Hyundai, Pegatron, First Solar also queue up

Airbus supply, support services by Tata to draw 5% GST, rules AAR

Tata Advanced Systems approached the AAR to know if GST is applicable on the supply of the aircraft

Temasek plan to sell stake in Tata Play delayed over firm's valuation

Tata Sons is offering a lower valuation than $1 billion made for Tata Play

Airbus to expand Tata tie-up to strengthen India's defence supply chain

The objective of the partnership between Airbus SAS and Tata Advanced Systems is to meet the demand for military transport aircraft as India replaces its ageing military transport fleet

From Godrej to Tata, India Inc begins breaking the diversity mould

According to Godrej, it communicates LGBT+ inclusive policies and practices through LinkedIn posts and ensures that job descriptions are crafted accordingly

Tata Tech IPO fully subscribed within minutes of opening for subscription

The Initial Public Offer (IPO) of Tata Technologies, which provides engineering and product development digital services, was fully subscribed within minutes of opening for subscription on Wednesday. The Rs 3,042.5 crore IPO received bid for 8,73,22,890 shares against 4,50,29,207 shares on offer, translating into 1.94 times subscription as per NSE data till 11:21 hrs. The category for non-institutional investors was subscribed 2.72 times while the quota for Qualified Institutional Buyers (QIBs) received 1.98 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 1.63 times. Tata Technologies, an arm of Tata Motors, on Tuesday said it has collected Rs 791 crore from anchor investors. This is the first company from Tata Group to float an initial public offer in nearly two decades. Tata Consultancy Services was the last IPO from the group in the year 2004. The public issue, with a price band of Rs 475-500 per share, will conclude on November 24. Tata .

Tata 1mg overtakes PharmEasy as leaders in India's e-pharmacy market

Tata 1mg now holds 31% of the market share, up from 19% in October 2022. PharmEasy's market share decreased to 15% from 33% in the same period

Tata arm joins hands with DroneAcharya to train drone pilots in India

This growth is expected to continue, creating numerous job opportunities for skilled individuals in the drone sector

Not so keen on any other new acquisitions: Tata Steel CEO Narendran

Tata Steel - which is in an expansion mode in India - is not so keen on any other new acquisitions, the company CEO T V Narendran has said. The statement from Narendran has come amid Vedanta Ltd reviewing and evaluating its steel and steel-making raw materials businesses. In June, Vedanta Ltd said it will immediately begin the review and evaluate a broad range of options including potential strategic sale of some or all of its steel businesses. "Not so keen on any other new acquisitions... We don't need it," Narendran said in a reply to a question on his company's interest in buying Vedanta Ltd's steel business. There is a lot to do at Tata Steel's existing sites, he added. The company has a plan to scale up its annual installed steel making capacity to 40 million tonnes per annum (MTPA) by 2030 in India, from around 22 MTPA at present. In June 2018, Vedanta Limited acquired Jharkhand-based steel company ESL Steel Limited through an insolvency resolution process. The company set

Satellite TV firm Tata Play reports Rs 105 cr loss in FY23, plans IPO

Investor sentiment for offering may dampen due to company's performance, says one banker

Governance should be front & centre for startups: Tata 1mg co-founder

Startups need to live up to higher standards of corporate governance, and failure of a business is not as big an issue as ethics and morality-related concerns, Tata 1mg co-founder Prashant Tandon said on Wednesday. He advised startups not to get swayed by short-term temptations, saying long-term enterprises cannot be built through shortcuts. "Businesses not working is not a problem, governance-related and ethics morality-related issues are not acceptable," he told PTI on the sidelines of the IAMAI Digital Health Summit. Tandon said that governance needs to be "front and center" for startups and that when governance is strong, capital flows better. He hoped that the startup ecosystem lives up to higher standards. Addressing the recent governance and financial lapses faced by startups such as Byju's, he said, "As an ecosystem we are waking up to a lot of issues around governance controls". He acknowledged that the late-stage startup ecosystem has become more challenging. "With th

Air India writes off Rs 7,000 crore but turns Ebitdar positive in FY23

Air India and its former joint venture partner AirAsia Bhd shared the cost of writing off AirAsia India, with Air India accounting for a significant proportion of the write-off

Tata Steel dismisses 35 for 'unacceptable practices', says ethics priority

Company will uphold 'highest values' and has a zero-tolerance policy for breach, says Chandrasekaran