Tata Technology

Tata Technologies' profit fell 27% in the quarter ended March 31 due to similar reasons

Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30

Third party reports and comments can affect markets and shake investor confidence

The objective of the partnership between Airbus SAS and Tata Advanced Systems is to meet the demand for military transport aircraft as India replaces its ageing military transport fleet

Tata Tech offering races past LIC with a record 7.33 million applications

Primary market activity indicates broader revival

The maiden public issue will open for public subscription on November 22 and conclude on November 24. The anchor book of the offer will be opened for a day on November 21

On track to pare debt, analysts expect it to have Rs 2K cr cash on the books by end-FY25

TPG Rise Climate is the lead investor for this transaction. TTL is a global engineering services company offering product development and digital solutions to global original equipment manufacturers

The project aims to train over 10,000 youth annually in advanced skills, fostering better employment opportunities and will also provide employment opportunities to the skilled youth

Tata Technologies, an arm of Tata Motors, Gandhar Oil Refinery (India) Ltd and non-banking financial company SBFC Finance have received capital market regulator Sebi's approval to raise funds through initial public offerings. The three companies, which filed their preliminary papers with Sebi between December 2022 and March 2023, obtained the regulator's observations during June 21-23, an update with the markets watchdog showed on Tuesday. In Sebi's parlance, obtaining observations mean its go-ahead to float the initial share sale. As per the draft papers, Tata Technologies' IPO is purely an Offer For Sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60 per cent of its paid-up share capital. Under the OFS, Tata Technologies' parent company Tata Motors will offload 8.11 crore shares or a 20 per cent stake in the company. Among other shareholders, Alpha TC Holdings Pte plans to sell up to 97.16 lakh shares (2.40 per cent) and Tata .

Tata Electronic's expansion plans are being seen as an extension of its ongoing acquisition of Wistron's iPhone manufacturing unit in Karnataka's Kolar district

Tata Metaliks Limited (TML) on Friday announced a nearly six per cent rise in net profit to Rs 55.56 crore for the fourth quarter period ended March 2023 on the back of higher revenues. The net profit for the corresponding Q4FY'22 was Rs 52.46 crore. The revenue from operations for Q4FY'23 was Rs 926 crore, as compared to Rs 808 crore in the corresponding period of the previous year, representing a growth of 14 per cent. Total expenses for the period were Rs 863 crore, as compared to Rs 772 crore in the corresponding period of the last fiscal. The Ductile Iron (DI) pipe plant-2 (new plant) production had a vertical ramp-up and its production of finished pipes touched 35 kilotonnes (KT) in the quarter (25 KT in Q3 FY'23), the company said in a statement. The company said its product portfolio now covers the larger size range from 900 mm to 1200 mm diameter pipes which constituted almost 30 per cent of sales from the new plant. "The company's DI Pipe business has a healthy order bo

Eight of the 10 most valued firms faced a combined erosion of Rs 1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank and ICICI Bank were among the eight companies that suffered a decline in their valuation. ITC and State Bank of India were the only gainers. Last week, the 30-share BSE Sensex fell by 775.94 points or 1.28 per cent. The market valuation of Infosys plummeted by Rs 66,854.05 crore to Rs 5,09,215 crore. Infosys Ltd on April 13 reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid tightening of IT budgets by clients following turmoil in the US banking sector. HDFC Bank's valuation tumbled Rs 10,880.5 crore to Rs 9,33,937.35 crore. ICICI Bank lost Rs 10,462.77 crore from its valuation which stood at Rs 6,17,477.46 crore and the market capitalisation (mcap) o

The offering could be Tata group's first since listing of TCS in 2004

Tata Group to set up an iPhone assembling unit in JV with Wistron, in the state's Krishnagiri district

Banerjjee brings to Rezolve more than 22 years of experience in senior roles

The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO

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

For the year ended March 2022, Tata Technologies revenue was seen at $473.5 million, along with an operating profit of $ 86.5 million and profit after tax of $58 million