News

India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said. If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail. Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a ...
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
Source: Reuters
6/09/2023 2:56:54 PM
CCI grants approval for merger of Vistara and Air India   The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group's airlines - Vistara and Air India. This significant development opens the door for Air India to potentially become India's largest international carrier and the second-largest domestic carrier, trailing only IndiGo. This decision follows several months of scrutiny, during which the CCI had issued a show cause notice to Air India back in June, seeking clarification on...
CCI grants approval for merger of Vistara and Air India
CCI grants approval for merger of Vistara and Air India
Source: IANS
2/09/2023 10:29:20 AM
Surging gold prices take sheen off Indian jewellery maker Titan's profit India's Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion rupees ($94.1 million) in the three months ended June 30. Analysts had expected profit of 9.50 billion rupees, as per Refinitiv data. Gold prices in India - the seco...
Surging gold prices take sheen off Indian jewellery maker Titan's profit
Surging gold prices take sheen off Indian jewellery maker Titan's profit
Source: Reuters
2/08/2023 7:33:08 PM
India`s Tata-owned Titan reports drop in Q1 profit India's Tata Group-owned Titan Co reported a drop in first-quarter profit on Wednesday as its mainstay jewellery segment was hurt by record gold prices. Titan, which owns the Tanishq jewellery brand, said its profit fell over 2% from a year earlier to 7.77 billion rupees ($94.1 million) in the three months ended June 30.
India`s Tata-owned Titan reports drop in Q1 profit
India`s Tata-owned Titan reports drop in Q1 profit
Source: Reuters
2/08/2023 5:11:29 PM
India`s Tata Steel CEO says prices to ease in Q2 India's Tata Steel Ltd expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. "In India, the Q2 (July-September) realisation will be about 3,000-3,100 rupees per tonne ($36.65-$37.87) lower than Q1 (April-June)," T.V. Narendran told Reuters in an interview, adding that prices in Europe would be 38 pounds per tonne lower in July-Se...
India`s Tata Steel CEO says prices to ease in Q2
India`s Tata Steel CEO says prices to ease in Q2
Source: Reuters
26/07/2023 9:04:24 AM
India's Tata chooses UK for $5 billion Jaguar Land Rover gigafactory India's Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a UK car industry in need of domestic battery production to help secure its future. The announcement marks Britain's biggest move in the car gigafactory space as it seeks to keep up with the United States and European Union in the race to develop green industries. Tata said on Wednesday it would build its first gigafactory outside of ...
India's Tata chooses UK for $5 billion Jaguar Land Rover gigafactory
India's Tata chooses UK for $5 billion Jaguar Land Rover gigafactory
Source: Reuters
19/07/2023 7:33:42 PM
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds Tata Sons on Wednesday announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. This investment of over 4 billion pounds is an integral part of Tata Group's commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale. N. Chandrasekaran, Chairman, Tata Sons, said, "The Tata Group is deeply committed to a sustainable future across all...
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
Source: IANS
19/07/2023 1:59:14 PM
Tata picks Britain for new EV battery plant India's Tata will build an electric vehicle battery plant in Britain, the company and the government said on Wednesday, in a major boost for a car industry in need of domestic battery production to help secure its long-term future. The company said the factory includes an investment of 4 billion pounds ($5.2 billion). Britain's government declined to immediately detail what support it had provided as part of the deal. "Tata Group's multi-billion-pound investment in a ne...
Tata picks Britain for new EV battery plant
Tata picks Britain for new EV battery plant
Source: Accord Fintech
19/07/2023 11:55:55 AM
Post-pandemic travel boom has resulted in healthy yields for airlines Explaining the continuing financial choppiness afflicting the Indian carriers, an expert industry watcher blames it on multiple structural factors -- absence of a strong capital structure and low-cost infrastructure, the heavy taxation burden on aviation turbine fuel (ATF), and the fact that 60-70 per cent of costs are dollar denominated. In an interview with IANS, Jagannarayan Padmanabhan, Senior Director, Consulting, CRISIL Market Intelligence and Analytics, said the duopoly in the marke...
Post-pandemic travel boom has resulted in healthy yields for airlines
Post-pandemic travel boom has resulted in healthy yields for airlines
Source: IANS
9/07/2023 5:32:32 PM
Singapore Airlines denies media report on raising stake in Air India  Singapore Airlines on Friday refuted a media report saying it may raise its stake in Air India from the 25.1% which it secured as part of the Tata Group's Vistara merger to create a bigger full-service India's national carrier. Singapore's state carrier's statement was in response to a report by Indian newspaper Mint, which said the carrier had expressed its desire to gradually raise its stake in the Indian airline to about 40%. "The Mint story dated 16 June 2...
Singapore Airlines denies media report on raising stake in Air India
Singapore Airlines denies media report on raising stake in Air India
Source: Reuters
16/06/2023 11:24:49 AM
Nelco jumps on inking pact to make investment in Piscis Networks Nelco is currently trading at Rs. 707.80, up by 73.30 points or 11.65% from its previous closing of Rs. 634.50 on the BSE. The scrip opened at Rs. 646.10 and has touched a high and low of Rs. 711.80 and Rs. 640.05 respectively. So far 54100 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.95 on 02-Sep-2022 and a 52 week low of Rs. 487.00 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs. 7...
Nelco jumps on inking pact to make investment in Piscis Networks
Nelco jumps on inking pact to make investment in Piscis Networks
Source: Accord Fintech
6/06/2023 10:50:53 AM
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal  India's Tata Group signed an outline deal on Friday on building a lithium-ion cell factory, based on investment of about 130 billion rupees ($1.58 billion), as part of the nation's efforts to create its own electric vehicle supply chain. Compared to the size of its population, India's car market is tiny. Tata Motors dominates its electric vehicle (EV) sales, which made up just 1% of India's total car sales of about 3.8 million last year. A joint statement on the me...
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal
Source: Reuters
3/06/2023 8:56:53 AM
With competition sputtering, Indian skies head for Air India-IndiGo duopoly After decades of turbulence in the sector with many private players shutting down, the Indian airlines sector seems to be moving towards stability and a sort of duopoly. The Tata group which acquired the government owned Air India will merge its two other airlines -- Vistara and AirAsia -- with the former. As of now the combined market share of the three airlines is 25.1 per cent (Air India 9 per cent, Vistara 8.8 per cent and Air Asia 7.3 per cent). Post merger and with fleet expa...
With competition sputtering, Indian skies head for Air India-IndiGo duopoly
With competition sputtering, Indian skies head for Air India-IndiGo duopoly
Source: IANS
21/05/2023 1:13:57 PM
India`s Kalyan Jewellers reports flat Q4 margins on higher costs Kalyan Jewellers India Ltd's core profit margins remain unchanged year-over-year, it said on Monday, as higher costs dulled the effect of higher revenue and record-high gold prices, sending the company's shares down as much as 4.2%. On the other hand, the Tata Group-owned Titan Co Ltd recently reported that its core profit margin increased as gold prices rose sharply in the second half of the January-March quarter. Kalyan Jewellers reported an 18% increase in overall revenue, to...
India`s Kalyan Jewellers reports flat Q4 margins on higher costs
India`s Kalyan Jewellers reports flat Q4 margins on higher costs
Source: Reuters
15/05/2023 3:35:58 PM
India`s Tata Steel CEO expects Europe ops to improve from July-Sept Tata Steel expects its European operations to improve from the next quarter on the back of falling energy costs, its chief executive and managing director said on Thursday. "Europe is still struggling but things are getting better because energy prices have come down," T.V. Narendran told Reuters in an interview. "So costs are coming down, not yet realised in our bottomline because we have some hedges on gas prices, which will play out over the next quarter or two." ...
India`s Tata Steel CEO expects Europe ops to improve from July-Sept
India`s Tata Steel CEO expects Europe ops to improve from July-Sept
Source: Reuters
4/05/2023 3:37:39 PM
India`s Tata Group-owned Titan posts 50% jump in Q4 profit Indian jewellery and watch maker Titan Co Ltd reported an almost 50% jump in fourth-quarter profit on Wednesday as demand for its watches and wearables rose alongside jewellery. The Tata Group company's profit rose to 7.34 billion rupees ($90 million) in the three months ended March 31, from 4.91 billion rupees a year earlier. The sale of products jumped about 27% to 85.53 billion rupees after jewellery brand Tanishq, which accounts for more than three-fourths of the revenue, report...
India`s Tata Group-owned Titan posts 50% jump in Q4 profit
India`s Tata Group-owned Titan posts 50% jump in Q4 profit
Source: Reuters
3/05/2023 5:51:03 PM
Tata Steel trades higher on inking business cooperation agreement with A&B Global Mining Tata Steel is currently trading at Rs. 107.75, up by 0.15 points or 0.14% from its previous closing of Rs. 107.60 on the BSE. The scrip opened at Rs. 107.80 and has touched a high and low of Rs. 108.55 and Rs. 107.50 respectively. So far 657921 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 133.00 on 04-May-2022 and a 52 week low of Rs. 82.71 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
Tata Steel trades higher on inking business cooperation agreement with A&B Global Mining
Tata Steel trades higher on inking business cooperation agreement with A&B Global Mining
Source: Accord Fintech
28/04/2023 11:58:50 AM
Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight. In another sign of the formerly government-owned carrier's whirlwind transformation under its new owner Tata Group, Air India is testing ChatGPT, OpenAI's popular chatbot, to replace paper-based practices. The push to modernise underscores the decay left by years of under-inv...
Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata
Analysis-From manual pricing to ChatGPT: How Air India is transforming under Tata
Source: Reuters
31/03/2023 10:04:40 AM
India`s Tata Group mulls pumping $2 billion into super app venture Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. The funds would help the group's online platform Tata Neu strengthen its digital offerings, fix technical glitches, and meet any new spending needs, the report said. The injection would take place over two years if the deal goes through, it added. Tata Gr...
India`s Tata Group mulls pumping $2 billion into super app venture
India`s Tata Group mulls pumping $2 billion into super app venture
Source: Reuters
23/03/2023 4:32:15 PM
Air India offers voluntary retirement scheme to its staff again Air India has offered a voluntary retirement scheme (VRS) to its staff, excluding pilots, cabin crew, and security staff. This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30. The VRS offer will be available for permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airline. Clerical and unskilled categories of e...
Air India offers voluntary retirement scheme to its staff again
Air India offers voluntary retirement scheme to its staff again
Source: IANS
18/03/2023 8:52:01 AM
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday. Regional banks in the United States account for 2-3% of their revenue, J.P. Morgan said in a note, adding that the exposure to the recently collapsed Silicon Valley Bank could be 10-20 basis points for TCS, Infosys and smaller rival LTIMindtree, with the Tata group compa...
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
India`s TCS, Infosys have highest exposure to U.S. regional banks - J.P.Morgan
Source: Reuters
17/03/2023 2:49:29 PM
Wings for F-16 to be made by Tata-Lockheed Martin JV in India Global defence aerospace player Lockheed Martin and Indias Tata Group have inked an agreement for the production of fighter plane wings at their joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL) in Hyderabad. According to Lockheed Martin, the Memorandum of Understanding (MOU) envisions production of 29 fighter wing shipsets, with an option of additional shipsets, with deliveries commencing in 2025. "These wings are initially intended for the F-16 Block 70/72 jets and wo...
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Source: IANS
11/03/2023 9:06:21 AM
Tata Technologies files draft papers with SEBI to raise funds via IPO Tata Technologies, a subsidiary of Tata Motors, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The equity shares of the company are proposed to be listed on both -- NSE and BSE. The 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 th...
Tata Technologies files draft papers with SEBI to raise funds via IPO
Tata Technologies files draft papers with SEBI to raise funds via IPO
Source: Accord Fintech
10/03/2023 3:18:04 PM
Zoomcar partners Vistara to offer self-drive services to customers Car sharing platform Zoomcar on Wednesday announced its partnership with Vistara, a joint venture of Tata group and Singapore Airlines, to become its self-drive partner. Customers can now avail a wide choice of self-drive cars from Zoomcar while booking through the Vistara website. Vistara customers can now book their self-drive cars with Zoomcar and earn CV Points, the company said in a statement. As part of this association, Vistara customers can earn 5 CV Points for every Rs 100 s...
Zoomcar partners Vistara to offer self-drive services to customers
Zoomcar partners Vistara to offer self-drive services to customers
Source: IANS
1/03/2023 12:31:39 PM
Air India's order for 470 jets at list price of $70 billion Tata group-owned Air India's order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on Monday, as the airline seeks opportunities to expand in long haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from Airbus in an order that would eclipse previous records for an order by a single carrier. The airline plans to fund the order with a...
Air India's order for 470 jets at list price of $70 billion
Air India's order for 470 jets at list price of $70 billion
Source: Reuters
27/02/2023 2:24:07 PM
Women`s Premier League: BCCI awards title sponsorship rights to TATA Group The Board of Control for Cricket in India (BCCI) has awarded the title sponsorship rights of the Women's Premier League (WPL) seasons 2023-2027 to TATA Group. As per BCCI, the TATA Group, who also holds the title rights of the Indian Premier League (IPL), will be promoting its two flagship brands: TATA Capital and TATA Motors during the 2023-2027 time period. "We are really happy and excited to have TATA Group as the title sponsor for the WPL. We feel this is one of the most si...
Women`s Premier League: BCCI awards title sponsorship rights to TATA Group
Women`s Premier League: BCCI awards title sponsorship rights to TATA Group
Source: IANS
22/02/2023 3:39:40 PM
Air India seals record order for almost 500 Airbus, Boeing jets Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, accelerating the rebirth of a national emblem under new owners Tata Group as Europe and the United States hailed deepening economic and political ties with New Delhi. The provisional deals include 220 planes from Boeing and 250 from Airbus and eclipse previous records for a single airline as Air India vies with domestic giant IndiGo to serve what will soon be the world's largest population. U.S. Presid...
Air India seals record order for almost 500 Airbus, Boeing jets
Air India seals record order for almost 500 Airbus, Boeing jets
Source: Reuters
15/02/2023 9:41:34 AM
Tata-owned Titan posts surprise Q3 profit fall, shares sink Tata Group-owned Titan Co Ltd reported a surprise fall in third-quarter profit on Thursday as high inflation hurt demand for jewellery and watches, sending the company's shares down to an over six-month low. Shares of Titan, which also sells eyewear and owns the Tanishq jewellery brand, fell as much as 3.3% to 2,269.60 rupees in late afternoon trading. Titan's profit fell 3.7% to 9.51 billion rupees ($115.8 million) in the three months ended Dec. 31, from 9.87 billion rupees a y...
Tata-owned Titan posts surprise Q3 profit fall, shares sink
Tata-owned Titan posts surprise Q3 profit fall, shares sink
Source: Reuters
2/02/2023 3:14:53 PM
Air India`s progress has been 'nothing short of stunning`, says CEO Campbell Wilson  Air India CEO Campbell Wilson on Friday said that its progress over the last 12 months has been "nothing short of stunning and there is of course, much more that needs to be done". Tata Group took over debt-laden Air India a year ago, on January 27, 2022, from the Central government, marking the beginning of a new journey for the carrier. "Taken together, the progress over the last 12 months has been nothing short of stunning, even if so much of what we have been wo...
Air India`s progress has been 'nothing short of stunning`, says CEO Campbell Wilson
Air India`s progress has been 'nothing short of stunning`, says CEO Campbell Wilson
Source: IANS
27/01/2023 12:00:05 PM
Siddharth Sharma appointed CEO of Tata Trusts The Trustees of Tata Trusts have appointed Siddharth Sharma as the Chief Executive Officer (CEO) of the Trusts and Aparna Uppaluri as the Chief Operating Officer (COO), with effect from April 1, 2023. Sharma has been in government service for two decades where he handled important assignments in key ministries of the government, and as the financial advisor to the 13th and 14th Presidents of India. He subsequently joined the Tata Group where he has been heading the newly formed sustainabil...
Siddharth Sharma appointed CEO of Tata Trusts
Siddharth Sharma appointed CEO of Tata Trusts
Source: IANS
25/01/2023 9:32:43 AM
Airbus to win 235 single-aisle jet order under Air India relaunch DELHI/PARIS -European planemaker Airbus is set to win an order for 235 single-aisle planes as part of a historic purchase of some 495 jets due to be announced by a resurgent Air India on Jan. 27, industry sources told Reuters. The deal, roughly split with rival Boeing, covers a total of 425 single-aisle jets including 235 Airbus A320neo-family planes as well as 190 Boeing 737 MAX airliners reported by Reuters last month, the sources said, asking not to be named. The order is also e...
Airbus to win 235 single-aisle jet order under Air India relaunch
Airbus to win 235 single-aisle jet order under Air India relaunch
Source: Reuters
21/01/2023 10:25:37 AM
India plans cheaper finance, easier rules for small retailers The Indian government may offer low-cost credit to small retailers and ease some rules governing the sector, two officials said, as Prime Minister Narendra Modi moves to shore up a large voter base that is losing business to e-commerce giants. The proposal, which could be announced next month in the last full budget before the 2024 general election, aims to revive growth in the smaller physical retail sector which has been hit by the entry of companies such as Amazon, Flipkart, Tata Group-...
India plans cheaper finance, easier rules for small retailers
India plans cheaper finance, easier rules for small retailers
Source: Reuters
16/01/2023 5:20:32 PM
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts IT major Wipro is expected to register revenue growth up to 3 per cent quarter-on-quarter (QoQ) to Rs 23,497 crore in the December quarter of this fiscal year (Q3FY23), in-line with the management's guidance set in the range of 0.5-2 per cent. The company is due to announce its results on Friday, January 13. Higher furloughs and two-month wage hike impact, however, is likely to keep margins flattish at 15.1 p...
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities
Key Stock News: Wipro , Tata Group, Infosys, Alibaba Group, TCS - ARETE Securities
Source: ARETE Securities Ltd
13/01/2023 9:37:23 AM
Tata-run iPhone plant to boost India's prospects as manufacturing hub Tata Group is hopeful of India becoming an electronics manufacturing hub after the conglomerate succeeded in its efforts to take over an iPhone assembly plant in Bengaluru, according to reports. Reports quoting N. Ganapathy Subramaniam, chief operating officer of TCS from an interview, said that the move by the group should be really good for India as it would create an opportunity in the country to manufacture electronics. Tata Group, the reports further added, has been in talks with A...
Tata-run iPhone plant to boost India's prospects as manufacturing hub
Tata-run iPhone plant to boost India's prospects as manufacturing hub
Source: IANS
11/01/2023 10:42:01 AM
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today Ratan Tata on Monday paid glowing tributes to his former close associate R.K. Krishna Kumar who passed away here on New Year Day. "Words cannot describe the deep sense of loss I feel on the passing of my friend and colleague R.K. Krishna Kumar. I will always fondly remember the camaraderie we shared both within the Group and personally," said Ratan Tata. He described Krishna Kumar as "a true veteran of the Tata Group and the Tata Trusts and will be dearly missed by all&qu...
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today
Ratan Tata pays rich tributes to ex-Tata honcho Krishna Kumar, funeral today
Source: IANS
2/01/2023 10:01:20 AM
Tata Steel trades in green on the BSE Tata Steel is currently trading at Rs. 108.65, up by 3.65 points or 3.48% from its previous closing of Rs. 105.00 on the BSE. The scrip opened at Rs. 106.60 and has touched a high and low of Rs. 109.30 and Rs. 105.80 respectively. So far 1967329 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.63 on 06-Apr-2022 and a 52 week low of Rs. 82.71 on 23-Jun-2022. Last one week high and low of the scrip stood at Rs....
Tata Steel trades in green on the BSE
Tata Steel trades in green on the BSE
Source: Accord Fintech
27/12/2022 12:05:18 PM
Airbus pledges deeper industrial ties with India Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. "We will continue to support civil aviation growth and deepen our industrial footprint in India," Faury said on Twitter alongside a photograph of his meeting with India's Prime Minister Narendra Modi. He did not provide further details. Faury's comments on industrial presence come as India is increasingly involved...
Airbus pledges deeper industrial ties with India
Airbus pledges deeper industrial ties with India
Source: Reuters
22/12/2022 9:27:42 AM
Princeton Digital Group to help India become global data centre hub As the data centre industry gains momentum in India after Prime Minister Narendra Modi's call to make the country a global data centre hub, Asia's leading data centre provider Princeton Digital Group (PDG) has said it is expanding its footprint in the country to let more Indian firms store data locally in safe environments. Singapore-headquartered Princeton Digital Group has opened its flagship data centre called 'MU1' in Navi Mumbai that will provide 48 MW of critical IT c...
Princeton Digital Group to help India become global data centre hub
Princeton Digital Group to help India become global data centre hub
Source: IANS
21/12/2022 2:12:13 PM
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities India to get more Apple suppliers as iPhone production picks up: Experts If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple’s strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China. The American technology giant...
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities
Key Stock News: Apple, Tata Group, Wipro, BSNL, HDFC Bank - ARETE Securities
Source: ARETE Securities Ltd
20/12/2022 9:40:11 AM
Air India jumbo order includes 190 Boeing MAX, 30 787s - sources Air India is close to a deal to order more than 200 Boeing jets including 190 narrowbody 737 MAX and 30 widebody 787s - part of an historic fleet shake-up roughly split with Boeing's European rival Airbus, industry sources said on Friday. The deal is also expected to include an unspecified number of Boeing 777X long-range jets, they added. Airbus is separately moving towards a deal with Air India including at least 200 of its A320-family narrowbody jets as well as dozens of larger A...
Air India jumbo order includes 190 Boeing MAX, 30 787s - sources
Air India jumbo order includes 190 Boeing MAX, 30 787s - sources
Source: Reuters
17/12/2022 9:39:01 AM
India`s Tata Group to open 100 exclusive Apple stores Indian conglomerate Tata Group-owned Infiniti Retail, which runs the 'Croma' chain of stores, plans to open 100 stores across the country that will only sell Apple Inc products, the Economic Times newspaper reported on Monday, citing two people aware of the matter.
India`s Tata Group to open 100 exclusive Apple stores
India`s Tata Group to open 100 exclusive Apple stores
Source: Reuters
12/12/2022 9:37:01 AM
`Air India in talks for acquiring 500 aircraft` Air India is learnt to be in talks for acquiring 500 aircraft worth a few billions dollars from two major manufacturers Boeing and Airbus, according to reports. The deal is said to be part of Tata Group's efforts to revive Air India, reports in a section of media said. As per reports, the orders are learnt to include both narrow-bodied and wide-bodied jets. The developments though could not be confirmed, they added. As part of Air India's revival, the Tata group has unveil...
`Air India in talks for acquiring 500 aircraft`
`Air India in talks for acquiring 500 aircraft`
Source: Reuters
12/12/2022 9:21:08 AM
Air India close to signing deal for 150 Boeing 737 Max jets - ET Air India is close to signing an order with Boeing Co to acquire up to 150 737 Max jets, the Economic Times newspaper reported on Saturday, citing sources. The Tata Group-owned Indian carrier will likely place a firm order for 50 737 Max planes with an option to pick up as many as 150, the ET report said. Industry sources had said in July that Air India was moving closer to a decision on a mega order worth $50 billion at list prices to be split between Airbus and Boeing, which included ...
Air India close to signing deal for 150 Boeing 737 Max jets - ET
Air India close to signing deal for 150 Boeing 737 Max jets - ET
Source: Reuters
10/12/2022 10:17:22 AM
Air India to spend over $400 million to refurbish cabin interiors Air India would spend more than $400 million to refurbish the interiors of its entire wide-body fleet to attract more flyers after the carrier was taken over by Indian conglomerate Tata Group at the start of this year, it said on Thursday. The refurbishment will involve introduction of a premium economy cabin, it said in a statement, adding that the first aircraft with refurbished interiors will enter service in mid-2024. "Air India has committed to attain the highest standards of ...
Air India to spend over $400 million to refurbish cabin interiors
Air India to spend over $400 million to refurbish cabin interiors
Source: Reuters
8/12/2022 2:47:37 PM
Tata Sons` N. Chandrasekaran Chair of B20 India, to lead biz agenda  Tata Sons Chairman N. Chandrasekaran has been appointed by the government as the Chair of Business 20 India and will lead the business agenda during the country's G20 Presidency, an official statement said here on Wednesday. The Confederation of Indian Industry (CII), India's apex industry body, has been named as the B20 India Secretariat by the government to lead the B20 India process, from December 1, when India's terms as G20 President commenced. Established in 2010...
Tata Sons` N. Chandrasekaran Chair of B20 India, to lead biz agenda
Tata Sons` N. Chandrasekaran Chair of B20 India, to lead biz agenda
Source: IANS
7/12/2022 6:29:56 PM
Tata Group`s Air India to lease 12 more aircraft Tata group-owned carrier Air India said on Monday it will lease 12 more Airbus and Boeing aircraft, days after the Indian conglomerate announced the airline's merger with Vistara. The aircraft, expected to be inducted in the first half of 2023, are in addition to the thirty leased earlier this year as part of the airline's expansion plans. The Tata group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier th...
Tata Group`s Air India to lease 12 more aircraft
Tata Group`s Air India to lease 12 more aircraft
Source: Reuters
5/12/2022 1:02:10 PM
Tata in talks to buy Wistron's India facility for up to $613 million -report Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions. If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, Tata could consider a joint venture with Taiwan's Wistron – one of Apple Inc's top vendors in India – the report said, citing sources close to Tata. ...
Tata in talks to buy Wistron's India facility for up to $613 million -report
Tata in talks to buy Wistron's India facility for up to $613 million -report
Source: Reuters
30/11/2022 10:29:33 AM
Indian govt should stick to fiscal deficit target for this year - industry body India's federal government should stick to the fiscal deficit target laid out for this fiscal year and aggressively focus on privatising state-run companies, the country's top industry body said in a statement on Monday. The federal budget should adhere to the fiscal deficit target of 6.4% of gross domestic product (GDP) for the current year and aim to reduce it to 6% of GDP next year, the Confederation of Indian Industry (CII) said after a pre-budget consultation meeting with Fina...
Indian govt should stick to fiscal deficit target for this year - industry body
Indian govt should stick to fiscal deficit target for this year - industry body
Source: Reuters
21/11/2022 3:40:14 PM