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Tripura Chief Minister Manik Saha said the state government has signed a Memorandum of Agreement (MoA) with Tata Technologies Ltd on Wednesday to upgrade 19 Industrial Training Institutes (ITIs) in the northeastern state. Of the Rs 683.27 crore upgradation plan, Tata Technologies Ltd will pay 86 per cent while the state government will pay the remaining 14 per cent. Besides, the state will separately spend Rs 107 crore to improve infrastructure in the existing ITIs. The upgradation plan will be implemented in five years. "After intense discussion, the state government signed a Memorandum of Agreement (MoA) with Tata Technologies Ltd today to upgrade the 19 ITIs operating under the Industries and Commerce department. This is aligned with Prime Minister Narendra Modi's wish to acquire skill", he told reporters. Saha said the ITIs have been offering old courses which have no job prospects nowadays and the pass-out students used to find it difficult to get jobs. "Under the upgradation
Its consolidated profit after tax dropped 2 per cent to Rs 157 crore in the July-September quarter. However, this was also its slowest decline in the three quarters when profits have fallen
Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree
The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles
Shares of Tata Technologies fell nearly 3.4 per cent to touch an intra-day low of Rs 1,013 after nearly 12 million shares, worth around Rs 1,278 crore, changed hands in block deals on Tuesday.
At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.
At 6:37 AM, GIFT Nifty futures indicated a robust start, trading up 85 points at 23,653 compared to Nifty futures' previous close
Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.
Except KPIT, which is continuing to benefit from tailwinds in the automotive sector and strategic partnerships with OEMs, most E&RD players saw either flat or declining margins on a sequential basis
Tata Technologies announced an interim dividend of Rs 10.05 per share
The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT
Tata Technologies share prices have retreated 15 per cent in the last six months and have shed 5.6 per cent in share value year to date
The two firms have signed an agreement to form a joint venture (JV) with the aim to establish an automotive software and IT development hub in Pune, Bengaluru, and Chennai
Tata Technologies Limited signed a MoU with the Telangana government to establish "Advanced Technical Skill Training Centres (skilling centres)" in 65 Industrial Training Institutes in the state. An official release said the Tata Group company and the state government signed an agreement under which TTL will upgrade government ITIs as advanced technology centres. Chief Minister A Revanth Reddy held a meeting with the representatives of Tata Technologies at the Secretariat here. Deputy Chief Minister Bhatti Vikramarka, IT Minister D Sridhar Babu, Chief Secretary Santhi Kumari and other officials also participated. The Tata Group company will conduct 9 long-term and 23 short-term courses as well as bridge courses to improve the skills. The State government is making arrangements for the implementation of the project from 2024-2025 academic year, it added.
Shares of Tata Technologies fell 3 per cent, dropping 25 per cent from their 52-week high level of Rs 1,400, touched on listing day i.e. November 30, 2023
Global engineering and product development digital services firm Tata Technologies Ltd on Thursday reported a 14.72 per cent rise in consolidated profit after tax at Rs 170.22 crore for the third quarter ended December 2023. The company had posted a consolidated profit after tax (PAT) of Rs 148.38 crore in the same quarter last fiscal, Tata Technologies said in a regulatory filing. Its consolidated revenue from operations in the quarter under review stood at Rs 1,289.45 crore against Rs 1,123.89 crore in the year-ago period, it added. The total expenses were higher at Rs 1,085.14 crore compared to Rs 947.42 crore in the same period last fiscal, the company said. "Our deal win momentum has stayed robust, with five large deals won in the quarter, including one deal with over USD 50 million in TCV (total contract value) and another one with USD 25 million in TCV," Tata Technologies CEO and Managing Director Warren Harris said. "We remain positive on customer spending in the automotiv
The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a $1.49 billion investment on Wednesday
Tata Technologies has come forward to provide job-oriented industrial skill development training for students in Telangana at a proposed cost between Rs 1,500 crore and Rs 2,000 crore, the state government said on Saturday. Telangana Chief Minister A Revanth Reddy, who held a meeting with representatives of Tata Technologies here, discussed how to provide modern technology and train the youth to get more employment opportunities, a release from CMO said. The chief minister felt the need for introduction of modern courses in all government ITI (industrial training institute) colleges. Tata Technologies will provide required machinery, equipment and software for the establishment of 4.0 Skilling Centers (Industry 4.0 technology centres) along with maintenance in the state, it said. Revanth Reddy agreed with Tata Technologies' readiness to provide training in 4.0 industry based training courses like industrial automation, Robotics manufacturing, advanced CNC machine technicians, EV .
The complexity of global governance will reach new heights in 2024, and there should be preparedness for more disruption and volatility, according to Tata Sons Chairman N Chandrasekaran. In his New Year message to employees of the Tata Group, Chandrasekaran identified three priorities -- execution, customer satisfaction and technology -- for the group as it moves forward with its transformation journey in the next year, asserting the next decade will belong to companies who excel in giving customers excellent experiences. He described 2023 as "a tumultuous year", when the world faced an array of destabilising trends, from escalating geopolitical tensions to the mass adoption of generative AI (artificial intelligence) to the ever-accelerating push toward sustainability. "Some of these trends have been welcome; others much less so. But all of them have made the rules and processes governing our world trickier to navigate and all of them have added to the pressure to adapt," ...