Page 7 - Tata Group

Tata Group to own 75% stake and SIA 25% in the merged entity: Report

The Air India-Vistara merger is expected to be completed within a year after getting all approvals

Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023

Business Standard brings you the top headlines at this hour

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

Passenger vehicle sales could hit over 3.8 mn units in FY23: Tata Motors MD

Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles (PVs) in the the third quarter of the ongoing fiscal and picking up again in the fourth quarter, but the growth rate in FY24 would also depend on the impact of new set of regulations such as BS VI phase II and new safety regulations kicking in next year, he told analysts. The first half of FY23 was very strong for the PV industry with "nearly 1.9 million vehicles", said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd. "Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you're going to see nearly 50:50 kind of a ratio. So, it's going to be a very strong year, highest-ever industry volume is .

Thierry Bollore quits JLR, Adrian Mardell to take over as interim CEO

Bollore's sudden resignation after a two-year stint comes at a time when the UK arm is battling various headwinds including chip semiconductor even as the order book remains strong

Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands

The move pits Tata against LVMH's Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world's second-most populous country.

Boeing Co sees India as key to offset sluggish business in China

Boeing and Airbus SE are both in the running for what could be one of the largest aircraft deals ever as formerly state-run Air India Ltd. is overhauled by new owner Tata Group

Road ahead for Tata Motors depends on the pace of volume recovery

Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump

AirAsia exits AirAsia India, sells 16.33% stake to Air India for Rs 156 cr

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Tejas Networks to invest Rs 750 cr under design-led PLI scheme for telecom

Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital investment of Rs 750 crore over the scheme period," Tejas said in a regulatory filing. On Monday, the Department of Telecom granted approval to 42 companies, including 28 MSMEs, under the scheme for telecom and networking products, entailing total committed investment of Rs 4,115 crore by the firms. Out of them, 17 companies have applied for additional incentive of 1 per cent under the design-led manufacturing criteria.

Tata Trusts CEO N Srinath retires, new chief to be announced soon

Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector

Can low earth orbit satellites roar? Mittal, Musk, Tatas putting in money

The size of the market will also depend on which customer segment the players are targeting

Letter surfaces showing Gadkari seeking investments from Tatas in Nagpur

At a time when Maharashtra is losing many big-ticket projects to neighbouring Gujarat, a letter written by Gadkari, seeking investments from the Tata Group in and around Nagpur has surfaced

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

Tata Power net profit jumps 94% in Sept quarter on strong energy demand

Sequentially, revenue declined 3.2 per cent. In the June quarter, the company reported revenue of Rs 14,495 crore and net profit of Rs 795 crore

Air India gets 72,000 job applications for cabin crew; 1,752 for pilots

The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, necessitates a significant expansion in flying crew

Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman

Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.

Brewing at Tata Starbucks: Double-digit growth, premium store, masala chai

In the Asia Pacific, Starbucks has 142 Reserve stores