Page 7 - Tata

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

Hi Madurai! Chima Tata Unveils "Veetuku Oru TATA EV" Green Campaign in Madurai!

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Tata Play opens up its OTT aggregation platform to wider audience

Tata Play Binge will offer access to 27 national, regional, and international OTTs in 13 languages

Musk, Tata & Mittal on one side, Ambani on other for satellite spectrum

Elon Musk wants his Starlink to beam down wireless internet in India from satellites orbiting the earth, but the licensing regime his group favours has put him at odds with Mukesh Ambani's Reliance. After meeting Prime Minister Narendra Modi in New York last week, Musk on June 21 said he was keen to launch Starlink in India that "can be incredibly helpful" in bringing the internet to remote villages that lack on-ground infrastructure. But Starlink wants India to just assign a license for the service and not insist on auctioning the signal-carrying spectrum or airwaves. This stand finds Musk on the side of Tatas, Sunil Bharti Mittal's firm, and Amazon, who too prefer the same route. But Ambani's Reliance says there must be an auction of spectrum for foreign satellite service providers to offer voice and data services to provide a level playing field to traditional telecom players who offer the same services using airwaves bought in government auctions. "India's space-based ...

Aditya Birla invests Rs 5,000 cr in jewellery biz, takes on Tata, Reliance

Group to open large-format exclusive stores across the country with its in-house jewellery brands

Global environment challenging but company steadfast : TCPL chairman

The global environment has been challenging due to volatile macroeconomic condition and geopolitics but the company remains steadfast and is focusing on building a strong platform for progress, Tata Consumer Products Ltd (TCPL) Chairman N Chandrasekaran said on Tuesday. Addressing shareholders at the annual general meeting, he said TCPL has been on a transformative journey and has made significant progress during the last three years into becoming and evolving as a leading FMCG company. "During this period, a number of decisive actions have been taken to become a growth-oriented company and build a strong organisational capability," he said. The company continues to focus on strengthening its core business and at the same time, work on new opportunities to expand the target addressable market, said Chandrasekaran, who is also the chairman of Tata Sons, the holding firm of Tata Group. "The global environment has been sort of challenging due to a volatile macroeconomic condition as w

Tata Consumer to expand presence in south India, focusses on rural market

Tata Consumer Products Ltd is expanding its presence in the southern markets and focussing on building distribution channels in rural and semi-urban markets now, the company said in its latest annual report. "We are expanding our presence in South India across tea, coffee, salt and spices with the launch of South-specific products to cater to regional consumers," said TCPL. The company continues to "gain ground in the South" in tea and coffee. In tea, TCPL's Chakra Gold and Kanan Devan brands continued to make strong inroads into the south and Tata Coffee Grand was restaged with a new pack design. "We have identified the rural market as an area of opportunity and are focussing on building distribution in rural and semi-urban markets now. In salt, we launched Shuddh, a brand specifically targeted to the South market," said TCPL. While in the spices category, TCPL launched a range of customised spices under the Tata Sampann brand for the southern market. TCPL aspires to be a leading

New parliament building to open soon marking 9-years of Modi government

After almost six months of delay, the new parliament building is nearing completion and is expected to open by the end of the month

iPhone 15 series: Apple's upcoming phones to be made in India by Tata Group

According to TrendForce, Tata Group is expected to become the fourth iPhone assembler for Apple. Currently, Foxconn, Luxshare, and Pegatron assemble iPhones for Apple in India

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Building an empire: Birla eyes M&As to fill up $1-billion apparel closet

TCNS Clothing Company, a listed entity with a market capitalisation of Rs 3,215 crore, has ethnicwear brands such as W, Aurelia, Wishful, Folksong, and Elleven