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Page 5 - Tata Sons

Tata Sons shareholders clear directors' appointment, dividend payment

Holding company of Tata group reappoints Saurabh Agrawal and Ralf Speth for another 5 years

Tata Sons shareholders clear directors' appointment, dividend payment
Updated On : 29 Aug 2023 | 7:19 PM IST

Tata Sons seek partnerships for UK battery plant to supply JLR EVs

The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation

Tata Sons seek partnerships for UK battery plant to supply JLR EVs
Updated On : 21 Aug 2023 | 8:06 AM IST

Industrialist Ratan Tata conferred with Udyog Ratna award by Maha govt

Veteran industrialist Ratan Tata was on Saturday conferred the first ever Udyog Ratna' award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai. The honour comprised a shawl, a citation and a memento from the Maharashtra Industrial Development Corporation (MIDC). Talking to reporters afterwards, Shinde said honouring Tata as Udyog Ratna' has enhanced the prestige of the award. The contribution of the Tata group in all sectors is immense. Tata means trust, he said. The steel-to-salt group operates in more than 100 countries across six continents. In 2021-22, the collective revenue of Tata companies stood at $128 billion.

Industrialist Ratan Tata conferred with Udyog Ratna award by Maha govt
Updated On : 19 Aug 2023 | 2:47 PM IST

Write-offs, investments in loss-making arms drain Tatas' dividend income

Tata Sons also made a fresh equity investment worth around Rs 1,800 crore in Tata Electronics in the past two years

Write-offs, investments in loss-making arms drain Tatas' dividend income
Updated On : 19 Aug 2023 | 12:08 AM IST

Tata Sons Chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration

With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23

Tata Sons Chairman Chandrasekaran earns Rs 113 cr as FY23 remuneration
Updated On : 09 Aug 2023 | 10:54 PM IST

Tata Consumer, ITC among companies looking to buy into Organic India

Backed by Fabindia, Organic India produces organic teas and health products

Tata Consumer, ITC among companies looking to buy into Organic India
Updated On : 04 Aug 2023 | 12:29 PM IST

Top headlines: Jio Financial India's most valued NBFC, turmeric prices soar

Business Standard brings you the top headlines at this hour

Top headlines: Jio Financial India's most valued NBFC, turmeric prices soar
Updated On : 21 Jul 2023 | 9:04 AM IST

Tata subsidiary likely to invest $1 billion in battery units in first year

BCATL, the Chinese group, is planning a 100GWh plant in Hungary at a cost $83 million per GWh, UK media reported

Tata subsidiary likely to invest $1 billion in battery units in first year
Updated On : 20 Jul 2023 | 8:02 PM IST

Tata plugs into UK automotive sector for $5.2 bn electric car gigafactory

JLR, Tata Motors to be anchor customers of EV battery unit

Tata plugs into UK automotive sector for $5.2 bn electric car gigafactory
Updated On : 19 Jul 2023 | 3:52 PM IST

TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam

TCS has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons Chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting here. "We have banned six employees and also six companies," he said in response to questions from shareholders. He said the company received two separate whistleblower complaints -- one pertaining to appointment of business associates or contractual workers in the US, and one in India, in late February and March, after which it investigated the allegations. Chandrasekaran said he cannot quantify the favours these employees got but the banned employees behaved in such a way that they were favouring certain firms. "The company will look at the whole BA (Business Associate) supplier management process and see what

TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam
Updated On : 29 Jun 2023 | 6:54 PM IST

SP Group firm Afcons Infra to tap market to raise Rs 8,000 cr: Report

The fundraising by Afcons Infrastructure comes shortly after another group company, Goswami Infratech, raised nearly Rs 14,500 crore by issuing bonds

SP Group firm Afcons Infra to tap market to raise Rs 8,000 cr: Report
Updated On : 29 Jun 2023 | 3:13 PM IST

Top headlines: Record dividend for Tata Sons, govt testing for cough syrup

Business Standard brings you top news at this hour

Top headlines: Record dividend for Tata Sons, govt testing for cough syrup
Updated On : 17 May 2023 | 7:28 AM IST
Updated On : 16 May 2023 | 11:20 PM IST

Icra downgrades Shapoorji Pallonji Group flagship's ratings to BBB+

The flagship company of Shapoorji Pallonji Group, the single-largest shareholder in Tata Sons, had its debt downgraded on Thursday by a domestic rating agency. The Rs 19,600-crore debt across multiple instruments of Shapoorji Pallonji and Company Private Limited (SPCPL) has been downgraded to BBB+/A2 from A- (with a stable outlook)/ A2+, and placed on rating watch with developing implication, according to a statement. The delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operations in FY23, is resulting in modest profitability and muted debt coverage metrics, Icra said. Its line of credit was put to restricted use as a part of the One Time Restructuring (OTR) plan in March 2022, which constrained order execution in FY23, it said, adding timely sanction of adequate working capital limits remains critical to support the growth in core operations in the medium term. The 'Watch with Developing Implications' ..

Icra downgrades Shapoorji Pallonji Group flagship's ratings to BBB+
Updated On : 04 May 2023 | 9:29 PM IST

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt

Tata Capital is getting aggressive in the retail loans segment and the majority of funds raised this quarter will be for home loans and personal loans, according to a banker

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt
Updated On : 30 Apr 2023 | 9:43 AM IST

Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan

The billionaire Mistry family's estate is likely to soon change hands

Cyrus Mistry's assets may be divided among wife, sons Firoz and Zahan
Updated On : 28 Mar 2023 | 11:08 PM IST

Air India may find it cheaper to buy jets, thanks to Tata's credit profile

On the strength of its excellent financial track record, Tata Group was able to secure Power-By-Hour (PBH) agreements with engine manufacturers GE and Rolls Royce

Air India may find it cheaper to buy jets, thanks to Tata's credit profile
Updated On : 16 Feb 2023 | 11:35 AM IST

Tata mulls merger of arm for exemption from RBI as NBFC upper layer tag

Legal sources said Tata Sons will have to submit audited financial data of each subsidiary and its step-down subsidiaries--about 1,300 firms in all--in order to seek exemption

Tata mulls merger of arm for exemption from RBI as NBFC upper layer tag
Updated On : 13 Feb 2023 | 11:24 PM IST

Tata Sons exploring ways to get out of upper layer NBFC list: Report

Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs

Tata Sons exploring ways to get out of upper layer NBFC list: Report
Updated On : 03 Feb 2023 | 10:23 AM IST

1 year on: A snapshot of Air India's performance under the Tata group

The carrier has taken various steps to improve its performance such as starting flights on 16 international routes, hiring 1,200 people, doubling average daily revenue

1 year on: A snapshot of Air India's performance under the Tata group
Updated On : 27 Jan 2023 | 10:13 PM IST