Page 9 - Tata Group

Boards of two Tata Motors finance companies to consider merger next week

Merger is part of Tata group plan to bring similar businesses under a single umbrella like Tata Steel's merger of seven subsidiaries with itself to consolidate its metals and mining businesses

TMS Ep269: Tata group consolidation, festival sales, markets, NASA

What is driving consolidation at the Tata group? What explains the bumper festival sales? Where should you invest as global headwinds blow? Why did NASA ram DART into an asteroid? Answers here

What is driving consolidation at the Tata group?

The Tata group has 29 listed companies, over 60 unlisted and hundreds of subsidiaries across 10 verticals. Now, its chairman N Chandrasekaran wants consolidation to make the group efficient.

Air India processes refunds worth over Rs 150 crore after privatisation

Handles 250,000 refund cases in just the first few months since Tatas took over, says eligible request lodged on website will typically be processed within 2-3 days

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

Tata Sons to halve the number of listed companies from 29 to 15: Report

Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency

Merger of entities with Tata Steel will simplify management: CFO

Merger of seven entities with Tata Steel will allow simplification of management and help with sharper focus on the business, Koushik Chatterjee, CFO of the steel giant, said. On Friday, the board of Tata Steel approved the amalgamation of its seven subsidiaries -- Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF Limited, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining -- into itself. "We have been driving simplification across Tata Steel for some time. The objective is to consolidate the subsidiary businesses within Tata Steel to drive simplification of management and also have a sharper focus on the business," Chatterjee told PTI. After successfully integrating Bhushan Steel, which was much larger and more complex, this was the next natural step, the official who is also an executive director of Tata Steel, said. In 2018, Tata Steel through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL) completed the acquisition of controlling

iPhone component hub near Hosur rings in promise of new roads, jobs, etc

Thousands of jobs being created, but most going to outsiders, complain locals

Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

TCS asks employees to work in office for at least three days a week

We are moving in a phased manner to get our associates back to office. This is in line with our vision to transition to 25*25 model: TCS spokesperson

Air India signs deal with Willis Lease Finance to replace 34 old engines

Air India has 113 planes in its fleet currently. Its narrow-body fleet comprises 70 aircraft, of which 54 are in service

Air India extends validity of frequent flyer points till March 31, 2023

Air India has extended the validity benefits under Flying Returns, the airline's 'Frequent Flyer' programme, till March 31, 2023

From Windsors to Kochs and Tatas, 5 rules for family businesses to thrive

Family companies are repositories of family traditions and family loyalties

'Tatas evaluating options to consolidate AirAsia India, Vistara under AI'

The Tata Group has started an exercise to evaluate options to consolidate AirAsia India and Vistara under Air India to bring operational synergies among the three airlines under its umbrella, sources said. Air India, which the group had taken control of in January after winning the bid to acquire the national carrier for Rs 18,000 crore in October last year, has set up a team under its Director of Operations, R S Sandhu, sources familiar with the development said. The team will evaluate synergies in operations between Air India Express and AirAsia India as well as between Air India and Vistara, they said. "Air India CEO and MD Campbell Wilson has set up this team, which will look into synergy between Air India Express and AirAsia India and also between Air India and Vistara and how to achieve the merger," a source said. The team has been asked to submit its plan within one year, the source added. It is understood that the plan is to achieve consolidation of AirAsia India into Air

Air India Express incurs net loss for the first time in seven years

Before FY22, Air India Express was in the red in FY15, when it posted a net loss of Rs 61 crore

This Tata group stock has zoomed 101% in six days, trades at 6-year high

TRF was locked at the 5 per cent upper circuit for the sixth straight trading session after its removal from the Graded Surveillance Measure (GSM) surveillance.

Govt starts works on sale of 4 Air India subsidiaries it retained

Ground-handling arm would be monetised first; investor roadshows for all companies organised

Tata Group employs 410 from Maharashtra's Nanded under district initiative

More than 400 women from the rural parts of Maharashtra's Nanded, who recently cleared their Class 12 board examination, have received job offers from Tata Electronics Private Ltd (TEPL) as part of an initiative of the district administration. The initiative was taken up by assistant collector Kirtikiran Pujar who heads the integrated tribal project in Kinvat area of Nanded in Marathwada. "Bureaucracy and the corporate world have come together to provide employment to 410 women, who were chosen during a talent drive in Kinwat, a district official said. Kinwat is a predominantly tribal area, located some 360 km away from Aurangabad. Pujar got in touch with TEPL and the human resources department of the company responded to the proposal, following which a two-day talent hunt was held on September 6 and 7, the official said. At least 600 women who recently cleared their Class 12 examination participated in the drive and of these, 410 were selected, he said. The selected candidates w

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Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US