The company posted a net profit of Rs 190.09 crore in April-June a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.
Tatas in advanced talks to buy 49 per cent stake in Indian joint venture
The SC will hear the petitions filed by both the Mistry family and Tata Group next month
Says recovery to be led by domestic business, cites pressure to hospitality sector due to lockdowns, reduced air travel and absence of public gatherings, impacting MICE business
While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown
Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date
He also said, India can be a very important partner for the US and the companies there, and play a significant role in their supply chain
Some recent decisions taken by Air India's board are beyond comprehension
According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.
The stock rallied 10% to Rs 297.40, and was trading close to its record high level of Rs 299 touched on May 3, 2015 in intra-day deals.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013
In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.
The company posted 9.24 per cent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal
The consolidated top line of Tata Consumer Products for FY20 stood at Rs 9,637 crore after the merger.
Says impact of pandemic on firm was mixed; while panic buying and closure of restaurants led to spike in retail and online sales, food service sales and out-of-home biz were impacted significantly
Preferential equity issue, non-core asset sale boost sentiment
The company had a profit of Rs 4,252.50 crore in the corresponding period last year
The advantage for Singapore Airlines will come from the fact that India doesn't allow foreign airlines to directly fly passengers to a third country.
"I believe this year specially calls for all of us to be unified and helpful and is not the time to pull each other down," he said
The Rs 100-crore tax demand on Tata Education and Development Trust was raised last year by the I-T department owing to cancellation of registration on past exempted income.