Page 13 - Tata Group

Employee costs surge over 12% to a record Rs 10.8 trillion in FY22

Employee costs rose over 12% in FY22, the fastest in 8 years

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Tata Steel to work 'expeditiously' to restart NINL, expand capacity

Tata Steel on Monday said it will work "expeditiously" to restart NINL and simultaneously draw a plan to expand its capacity to produce 4.5 MTPA long products complex in the next few years.

Tata Motors expects its performance to be better in H2FY23: Chandrasekaran

Tata Motors expects second half of the current fiscal to be better in terms of performance with gradual improvement in the overall supply situation in commodity prices, according to N Chandrasekaran.

Titan says mid-term outlook for jewellery division positive amid headwinds

Tata group firm Titan said the outlook for its jewellery division in FY23 and mid-term is "positive" with "excellent" growth opportunity helped by multi-pronged efforts within the wedding market

Cabin crew, guards among 1,600 Air India employees opting for VRS

Airline says it will reskill employees as expands terms of the scheme

Japanese chip maker Renesas Electronics broadens tie-up with Tata group

Inks partnership with Tata Motors and Tejas Networks, plans innovation centre with TCS

Tata Motors partners with Japan's Renesas to develop chip solutions

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more

Business Standard brings you the top headlines at this hour

Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds

Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft

Will continue to look for acquisition opportunities: Tata Consumer chairman

Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company's chairman N Chandrasekaran said on Monday. Responding to shareholders' queries in the annual general meeting of the company, Chandrasekaran, who is also the chairman of Tata Sons -- the holding firm of the Tata group -- said TCPL (Tata Consumer Products Ltd) would focus on leveraging its product portfolio, expanding distribution and product innovation and entering new categories, while supporting both organic and inorganic growth opportunities in future. "We also believe in inorganic expansion and yes inorganic expansion is one of the key strategies for the company. The cash in the company will be used definitely for the right inorganic growth opportunities," he said. Replying to another query on whether there is going to be acquisition in the water segment, Chandrasekaran said, "Yes, we will continue to look for any expansion opportunitie

Tata Capital to raise Rs 20,000 crore as fresh debt, expand retail book

TataNeu helps company to onboard new customer

Tata Aerospace is Boeing 'Supplier of the Year', picked out of 11,000 firms

Nine companies feted for 'proactively managing supply chain quality, advancing global sustainability'

India's GSAT-24 satellite launched, entire capacity leased to Tata Play

NewSpace India Limited (NSIL) launched GSAT-24 in its first "demand-driven" communication satellite mission post space sector reforms, leasing the entire capacity on board to Direct-to-Home (DTH) service provider Tata Play. Built by Indian Space Research Organisation for NSIL, the satellite was successfully placed into geostationary orbit by the Ariane 5 rocket, operated by French company Arianespace, from Kourou in French Guiana (South America) on Thursday. GSAT-24 is a 24-Ku band communication satellite weighing 4180 kg with pan-India coverage for meeting DTH application needs. NSIL, incorporated in March 2019, is a Central Public Sector Enterprise (CPSE), under Department of Space (DOS) and is the commercial arm of ISRO. As part of "space reforms" announced by the Government in June 2020, NSIL was mandated to undertake operational satellite missions on a "demand driven" model, wherein it has the responsibility to build, launch, own & operate satellites and provide services to

To mark Adani's 60th birthday, family pledges Rs 60K cr to charities

The corpus will be administered by the Adani Foundation

Tatas exit race to buy Reliance Capital's general insurance arm

Group only interested in general insurance, but lenders want firms to bid for entire cluster of companies

Amazon Retail India enters Gujarat, to source directly from farmers

The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers

Air India prepares one of the largest aircraft deals in aviation history

Air India is looking to buy as many as 300 jets, which may be Airbus SE's A320neo family jets or Boeing Co.'s 737 Max models, or a mix of both

AI reorganising itself under Tatas; won't comment on A350 order: Airbus CCO

India has decided to procure its maiden batch of wide-bodied A350 aircraft from Airbus and the first plane is likely to be delivered to the airline by March 2023

Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23

Related party transaction will require shareholder approval, says Indian company