Page 8 - Tata

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

Tata Play, ideaForge Technology get Sebi's go ahead to float IPOs

Two companies -- Tata Play, formerly known as Tata Sky, and drone maker ideaForge Technology -- have received capital markets regulator Sebi's approval to raise funds through initial public offerings (IPOs). Tata Play, the first company in India to use the confidential pre-filing of draft papers option for an initial share sale in December 2022, obtained the regulator's observation letter on April 26. IdeaForge Technology, which filed its preliminary papers with the regulator in February this year, got its observation letter on April 13, an update with Sebi showed on Tuesday. In the Securities and Exchange Board of India's (Sebi's) parlance, its observation implies its go-ahead to launch the IPO. Under the pre-filing route, there is no pressure on the company to go for an IPO, experts said. Moreover, unlike the traditional route where companies have to launch the IPO within 12 months from the Sebi approval, or final observation; in the pre-filing route, an IPO can be floated withi

Indian car market to see new variants, facelifts, all-new vehicles soon

Arguably, the most-awaited, Maruti is expected to launch its all-new, five-door Jimny in May

Tatas, Singapore Airlines seek CCI nod for Vistara-Air India merger

Deal will not change competitive landscape, say parties

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

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Krithivasan to take charge as TCS's new CEO and MD from June 1

He will take over the charge from Rajesh Gopinathan, who last month decided to step down as MD and CEO of IT giant to pursue other interests

Nestle to Tata, big FMCG firms race to acquire maker of Ching's Secret

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Tata Neu 2.0: All-new version simpler, high on privacy with no need for OTP

Better UX & UI experience; no need to authenticate each time user accesses app; designated chatbot for BB; IPL season to be used to harvest users; enters edtech with Tata NeuSkills

IFC picks up green bonds worth $50 million from Tata Cleantech Capital

Tata Cleantech Capital, the green funding arm of Tata Capital, on Monday said its equity partner International Finance Corporation has picked up its sustainability-linked bonds worth USD 50 million or about Rs 375 crore. The bonds are the first in the country by a private financial institution, and the money will help Tata Cleantech Capital -- a joint venture between Tata Capital and the IFC -- strengthen its position as a leading green financier by funding climate and sustainability projects. The company will use the money to scale up on-lending towards renewable energy projects and diversify into energy efficiency and e-mobility sectors over the next three years, it said, adding this is the first such instrument issued by a private financial institution in the country and will support the shift to a clean energy economy. Aligning with our sustainability goals, IFC's innovative financing structure will strengthen our green financing portfolio apart from helping diversify our ...

No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations

Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products Ltd called off their negotiations. Chauhan had been in negotiations with the Tata group's FMCG arm Tata Consumer Products Ltd (TCPL) for nearly four months but the deal did not go through. When asked as to whether he has any plans to sell Bisleri now, Chauhan told PTI "We have no plans." However, when asked about media report suggesting that his daughter Jayanti Chauhan is ready to lead the company, the 82-year-old pioneer of the Indian packaged water business declined to comment. Earlier in November last year, Chauhan had said he was in discussions with several players, including TCPL, to sell out his Bisleri business. On being asked about the reasons for the sale of Bisleri's business, the octogenarian business leader had said someone had to handle it and look into

Jayanti Chauhan to head Bisleri International after Tatas walk out

Jayanti has been involved in the company's business for several years and of late, she has been working on expanding Bisleri's Vedika brand

Rajan Amba to take over as JLR managing director, succeeds Rohit Suri

Appointment comes at a time when JLR is facing supply chain issues hampering its production

Tata Boeing Aerospace ships first vertical fin structure for Boeing 737

Tata Boeing Aerospace Limited (TBAL) on Tuesday said it has shipped the first vertical fin structure for the Boeing 737 aircraft from its state-of-the-art facility in Hyderabad. The vertical fin will be delivered to the Boeing manufacturing facility in Renton, WA, for integration into the final Boeing 737 aircraft, a Tata Advanced Systems Limited (TASL) statement said. In 2021, TBAL added a new production line to manufacture vertical fin structures for the 737 family of airplanes. Tata Boeing Aerospace Limited is an example of Boeing's commitment towards co-development of integrated systems in aerospace and defence in India for the world, and a reflection of the country's Aatmanirbhar Bharat capabilities. The speed and quality with which the first vertical fin has been manufactured is a testament to TBAL's skilled workforce, engineering talent, and world-class manufacturing prowess. said Boeing India President Salil Gupte. Successful shipment of the first vertical fin structure for

Reliance, Aditya Birla Group, Tata to invest more than Rs 1 trillion in UP

India's leading conglomerates Reliance, Aditya Birla Group and Tata on Friday committed to invest more than Rs 1 lakh crore in Uttar Pradesh to expand their businesses in the near future. Reliance Industries will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity over the next four years, its Chairman Mukesh Ambani announced at the UP Global Investors Summit here. Similarly, Aditya Birla Group Chairman Kumar Mangalam Birla said his group has committed Rs 25,000 crore investment across its various businesses such as cement, metals, chemicals, financial services and renewable energy in the state. Tata Sons Chairman N Chandrasekaran said group firm Air India SATS will set up an integrated multi-modal cargo hub at the upcoming Jewar airport in partnership with Zurich Airport. In his address at the event, Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting .

Tata considers Spain, Britain for EV battery plant for supply in Europe

India's Tata is considering setting up a battery cell plant for electric vehicles (EV) in Spain or Britain