Group's net debt fell to Rs 2.04 trn in FY21 from Rs 2.6 trn a year ago; Debt of unlisted Tata Sons, the holding company, will go up this fiscal with Air India deal
Nelco was locked in the upper circuit at Rs 637.10 and Tejas Networks was frozen at Rs 384.90 on the BSE.
Adani Ports, Indian Hotels and Tech Mahindra are some of the prominent companies to announce results today.
Telecom services provider Tata Teleservices (Maharashtra) zoomed 2,778%, while auto components maker Automotive Stampings & Assembles has surged 2,476% in the past one year.
The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)
Tata Teleservices (Maharashtra) was locked at the 5% upper circuit for a third straight day
Shares of Tata Motors DVR were locked at the 20 per cent upper circuit, while Tata Motors too surged nearly 20 per cent in intra-day trade on the BSE today
The stock has rallied nearly 25 per cent in the last eight trading sessions hoping for demand to pick up ahead of the festive season and short summer in West India
Till the Tata Steel stock defends the closing basis support of Rs 1,050-mark, the upside bias may see a rally toward uncharted territory of Rs 1,200 to Rs 1,270 levels
Tata Group companies, on Friday, rallied up to 6 per cent in intra-day trade on the BSE post the Supreme Court ruling
The Supreme Court ruled in favour of Tata Sons in the Tata vs Mistry case, bringing quietus to the half-decade old legal battle which started in 2016
So far in the month of February, Tata Consumer Products, Tata Steel, and Tata Motor have outperformed the benchmark Nifty50 index by rallying between 12 per cent and 22 per cent
Among individual stocks, Tata Motors advanced 13 per cent to Rs 250 today in the intra-day trade, surging 26 per cent in the past two trading sessions
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In a late evening statement, the Mistry family said separation from the Tata group was necessary due to the potential impact the ongoing litigation could have on livelihoods and the economy.
A bench headed by Chief Justice S.A. Bobde said the group should not take any further action on the shares, they have already pledged for raising funds
Among the lot, Tata Consumer Products (TCPL) has gained 27.5 per cent in the past month, outperforming the Nifty FMCG index, which has risen 1.5 per cent during the period
Large share of essential products, healthy outlook and new management augur well; full control of Nourishco positive
Among the lot, the highest quantum of promoter buying was seen in Tata Group companies that includes Tata Chemicals, Tata Steel, Indian Hotels, Tata Motors, Tata Power and Tata Consumer
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012