Tata

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

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