Page 9 - Tata

Tata Power Q3 net profit nearly doubles to Rs 1,052 cr on higher revenue

Tata Power on Friday said its consolidated net profit almost doubled to Rs 1,052.14 crore in the quarter ended December 2022 compared to a year ago, mainly due to higher revenues. The consolidated net profit of the company was Rs 551.89 crore in the quarter ended on December 31, 2021, a BSE filing showed. Total income rose to Rs 14,401.95 crore in the quarter from Rs 11,018.73 crore in the same period a year ago.

Tanishq enters American market; first store inaugurated by Senator Menendez

Menendez said the arrival of Tanishq at this popular Indian shopping destination is significant and different from others

Tata launches Nexon EV MAX XM at Rs 16.49 lakh; to hit market by April 2023

The automaker has also enhanced the range of its MAX variants to 453 km on a single charge

Tata reviews digital strategy for super app as sales may miss target by 50%

Tata Neu which went live in April, will see sales of about $4 billion in the year to March 31 compared with the $8 billion target set at the beginning of 2022

Meta hires former Tata CLiQ CEO to head global business group in India

Social media platform Meta has appointed Vikas Purohit as Director of Global Business Group in India to lead the strategy and delivery of the charter that is focused on the country's leading advertisers and agency partners, the company said on Monday. Purohit will report to Arun Srinivas, Director and Head of Ads Business for Meta in India, Meta said in a statement. "I am thrilled to welcome Vikas as he joins our team to shape the role that Meta platforms can play in enabling businesses, supporting India's economic growth, and building the digital advertising ecosystem of the country," Srinivas said. Purohit will head Meta's work with India's largest businesses and the agency ecosystem. As a part of his role, Purohit will spearhead the company's strategic relationship with the country's leading brands and agencies to drive Meta's revenue growth across key channels in India, as well as partner with the media and creative ecosystems for accelerating adoption of digital tools by the ..

Ratan Tata pays tributes to former associate Krishna Kumar, funeral today

Ratan Tata on Monday paid glowing tributes to his former close associate R.K. Krishna Kumar who passed away here on New Year Day

Former Tata Sons director Krishna Kumar passes away due to cardiac arrest

Krishna Kumar, well known as K K, served as the managing director (MD) of Tata Global Beverages from May 1991 to January 1998

Tatas, SIA pumped Rs 650 crore into Vistara ahead of announcing merger

The airline, a 51:49 joint venture of the Tatas and Singapore Airlines, has seen infusion of at least Rs 9,900 crore as equity after its birth in 2015

Bigbasket may launch IPO by 2025 after $200 million funding: CFO Parekh

Controlling about a third of India's online grocery market, Bigbasket was acquired by Tata last year

Centre to order 15 more C-295s from Tata-Airbus' Vadodara facility: Report

Out of 15, nine C-295s will be acquired for the Navy and six for Coast Guard

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

Eye on maximum value, lenders say no to Reliance Capital liquidation

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

Indian legal system a hurdle for aircraft lessors: Air India to govt

Lessors wish to set up SPVs outside India

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Tata Group plans to merge carriers under Air India, scrap Vistara brand

Tata is considering scrapping Vistara brand, Singapore Airlines Ltd's local affiliate in South Asian nation; Singapore Airlines is evaluating the size of stake it should take in the combined entity

Tata Group plans to add up to 45,000 workers at iPhone parts plant

The plant in the industrial town of Hosur, in Tamil Nadu state, will hire as many as 45,000 women workers within 18 to 24 months as it sets up new production lines

Tata plans to borrow Rs 15,000 crore for Air India's working capital

The money will be used to cover day-to-day air operations and losses, refurbish the fleet, pay aircraft rentals and overhaul IT operations, according to sources

Pact to set up Tata-Airbus project in Guj inked under MVA rule: Maha min

Maharashtra minister Uday Samant on Friday claimed that the deal to set up the Tata-Airbus C-295 transport aircraft project in Gujarat had been signed by the Centre in September last year when the Maha Vikas Aghadi (MVA) government was in power in the state. The state Industries Minister also slammed the opposition for creating "confusion" over the project. Samant said the Memorandum of Understanding (MoU) to set up the aircraft unit in Gujarat was signed by the Centre in September 2021. "Be it the Vedanta-Foxconn project or the Tata-Airbus project, the decision about where to set up these projects was taken before this (Eknath Shinde-led) government came to power in the state late June this year. The opposition is doing nothing except to criticise and create confusion among people," Samant said. "The central government had signed an MoU on September 2021 and the company had decided to take the project to Gujarat," he added. The defence ministry on Thursday said a consortium of Ai

Tata Consumer Products Q2 profit rises 36% to Rs 389 cr; revenue up 11%

Tata Consumer Products Ltd (TCPL) on Thursday reported a 36.25 per cent rise in consolidated net profit at Rs 389.43 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 285.80 crore for the July-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing. Revenue from operations climbed 10.87 per cent to Rs 3,363.05 crore during the quarter under review as against Rs 3,033.12 crore in the corresponding period last year. Total expenses of the Tata group's FMCG arm were at Rs 3,021.90 crore, up 11.55 per cent from Rs 2,708.91 crore earlier. TCPL Managing Director and CEO Sunil D'Souza said: "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets." TCPL's revenue from the Indian market in July-September rose 9.19 per cent to Rs 2,159.95 crore, as against Rs 1,978.08 crore

Indian saree market sees big corporates battling traditional players

Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players