News

Adani Airport Holdings likely to list in next 2-3 years The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.  Jeet Adani, Director of Adani Airport Holdings Ltd, said in a media report that he wants to focus on three things before bringing the company's IPO. First is the commercialisation and stabilisation of Navi Mumbai, which will start next year. Second is city-side development around the...
Adani Airport Holdings likely to list in next 2-3 years
Adani Airport Holdings likely to list in next 2-3 years
Source: IANS
2024-11-19 03:48:40 pm
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO Indian coffee chain Blue Tokai is aiming for a nearly three-fold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday. Coffee culture is growing briskly in India, with the affluent in bigger cities increasingly working and holding meetings in cafes. To cash in on India's fast-growing $300 million speciality tea and coffee cafe market, Blue Tokai plans to operate about 350 cafes within the next three years in cities including Hyde...
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Source: Reuters
2024-11-19 02:47:27 pm
Goods traffic doubles on the new railway freight corridors The volume of goods movement on the new dedicated freight corridors (DFCs) of Indian Railways has doubled in the current financial year compared to 2023-24 marking a quantum leap in the country’s logistics landscape.   According to data compiled by the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL), the net tonne kilometres (NTKMs) - a measure of freight volume - surged to 62,282 million between April and October 2024, increasing by a robust 292.4 million NTKMs per...
Goods traffic doubles on the new railway freight corridors
Goods traffic doubles on the new railway freight corridors
Source: IANS
2024-11-17 03:59:22 pm
Exclusive-Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point, sources told Reuters on Thursday. Haldiram's, which Euromonitor International estimates has a share of almost 13% of India's $6.2-billion market for savoury snacks, has more than 150 restaurants, but many foreign investors are salivating over its popular snacks busin...
Exclusive-Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say
Exclusive-Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say
Source: Reuters
2024-11-14 06:03:30 pm
India`s Nykaa posts Q2 profit jump on firm demand for beauty products  Indian retailer Nykaa reported a 72% rise in its second-quarter profit on Tuesday as its mainstay beauty products segment continued to drive growth ahead of the festive season. The company, listed as FSN E-Commerce Ventures, said its consolidated net profit rose to 100.4 million rupees ($1.19 million) for the quarter ended Sept. 30 from 58.9 million rupees a year ago. India's $28 billion beauty and personal care (BPC) market, which is expected to reach around $45 billion by 20...
India`s Nykaa posts Q2 profit jump on firm demand for beauty products
India`s Nykaa posts Q2 profit jump on firm demand for beauty products
Source: Reuters
2024-11-13 09:35:46 am
Vistara operating last flights as merger with Air India takes off on Tuesday Full-service airline Vistara will operate its last flights today as it will be merged with the Air India Group on Tuesday.  National carrier Air India has announced that flights operated by Vistara will start using the flight code 'AI2' after the merger of the two airlines. After the merger, Singapore Airlines will have a 25.1 per cent stake in Tata Group-owned Air India. In 2015, Vistara was set up as a JV with Singapore Airlines' 49 per cent stake. Despite the inte...
Vistara operating last flights as merger with Air India takes off on Tuesday
Vistara operating last flights as merger with Air India takes off on Tuesday
Source: IANS
2024-11-11 12:26:29 pm
Singapore Airlines poised to invest Rs 3194.5 crore in Air India Singapore Airlines is poised to invest Rs 3,194.5 crore in Air India following the anticipated merger of Vistara with the Tata Group-owned airline.  Vistara was set up in 2015 as a joint venture with Singapore Airlines holding a 49 per cent stake in the Indian carrier and the Tata Group owning a majority 51 per cent share.   Singapore Airlines said that after the completion of the merger in November 2024, SIA’s additional investment is likely to total Rs 31,94.5 crore. A...
Singapore Airlines poised to invest Rs 3194.5 crore in Air India
Singapore Airlines poised to invest Rs 3194.5 crore in Air India
Source: IANS
2024-11-11 09:44:59 am
India`s Trent posts slowest revenue growth in 14 quarters; shares tumble Indian clothing retailer Trent posted its slowest revenue growth in 14 quarters on Thursday, as consumers in urban pockets grappled with rising cost of living and cut down their spending on non-essential goods. Tata Group-owned Trent posted a 39% a 39% surge in second-quarter revenue to 41.57 billion rupees ($492.8 million), marking its slowest revenue growth since the quarter ended March 2021. "Consumer sentiment has remained relatively muted," Chairman Noel N Tata said, addi...
India`s Trent posts slowest revenue growth in 14 quarters; shares tumble
India`s Trent posts slowest revenue growth in 14 quarters; shares tumble
Source: Reuters
2024-11-07 01:46:21 pm
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors In order to boost trade and investments, India and Saudi Arabia have discussed ways to enhance cooperation in areas of fertilizers, petrochemicals and mining during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. India is the second largest trade partner for Saudi Arabia whereas Saudi Arabia is India's fourth largest trading partner. The bilateral trade between the two countries...
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
India, Saudi discuss ways to enhance cooperation in fertilizers, petrochemicals, mining sectors
Source: Accord Fintech
2024-10-31 03:51:29 pm
Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius Terming Tata Group the best business group in India, global investor Mark Mobius on Monday recalled that he had met the (recently-deceased) Ratan Tata a few years ago and "despite being a titan of the Indian Industry, he was very humble".  Participating in the 'NDTV World Summit 2024' Mobius talked about his investment mantra and said he looks at return-on-equity, debt-to-equity, and the management quality of the company as key levers for making investment decisions....
Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius
Tata best business group in India, Ratan Tata was a humble figure: Mark Mobius
Source: IANS
2024-10-22 09:04:05 am
Air India to fly non-stop between Bengaluru and London Heathrow from Oct 27 National carrier Air India on Saturday announced to start daily, non-stop services between Bengaluru and London Heathrow from October 27.  The move will help connect London Heathrow to all three hubs of Air India in India. Bookings for the new flights are now open. The new flights will replace Air India’s currently served Bengaluru-London Gatwick route and increase the frequency between Bengaluru and London from 5 times in a week to 7 times weekly. According to an Air Indi...
Air India to fly non-stop between Bengaluru and London Heathrow from Oct 27
Air India to fly non-stop between Bengaluru and London Heathrow from Oct 27
Source: IANS
2024-10-19 05:33:39 pm
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran As Indian embarks on the journey to become a developed nation, the country needs to create 100 million jobs to meet the employment needs of the growing workforce, Tata Sons Chairman, N Chandrasekaran, has stressed.  The Tata Group has also doubled down on creating more manufacturing jobs in the country, as the whole ecosystem is brimming with multiple opportunities for the Indian companies, especially 500,000 small and medium enterprises (SMEs). According to Chandrasekaran, as the ...
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran
India needs to create 100 million jobs towards ‘Viksit Bharat’ goal: Natarajan Chandrasekaran
Source: IANS
2024-10-16 10:35:08 am
Registration for PM Internship Scheme begins, over 80,000 opportunities available Aimed at benefiting around 10 million young people over the next five years, the registration process for the PM Internship Scheme began on Saturday, with nearly 80,000 internship opportunities across 24 sectors available on the portal.  The registration process for the Prime Minister Internship Scheme 2024 began at 5 p.m. The portal ensures efficient access to internships across sectors with Aadhaar-based registration and tools like bio-data generation. All eligible candidates ...
Registration for PM Internship Scheme begins, over 80,000 opportunities available
Registration for PM Internship Scheme begins, over 80,000 opportunities available
Source: IANS
2024-10-13 09:23:23 am
FPIs selling did not impact Indian stock market much as DIIs come to the rescue  Foreign portfolio investors (FPIs) sold equity worth Rs 58,710 crore (till October 11), but massive selling didn’t have a serious impact on the market, market experts said on Saturday.  According to them, the entire FPI selling has been absorbed by the domestic institutional investors (DIIs) who are receiving sustained fund inflows. The major trend in foreign portfolio flows in October, so far, has been the sustained selling by FPIs. This trend of FII selling and DII bu...
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
FPIs selling did not impact Indian stock market much as DIIs come to the rescue
Source: IANS
2024-10-12 05:35:32 pm
Look forward to carrying legacy of Ratan Naval Tata: Noel Tata Noel Naval Tata, the newly-appointed Chairman of Tata Trusts, on Friday said he looks forward to carrying on the legacy of Ratan Naval Tata and the founders of the Tata Group.  The Tata Trusts board met at a joint meeting held here and took the unanimous decision to appoint Noel Tata, the half-brother of Ratan Tata, as the new Chairperson after the latter's demise. "I am deeply honoured and humbled by the responsibility that has been cast on me by my fellow Trustees. I loo...
Look forward to carrying legacy of Ratan Naval Tata: Noel Tata
Look forward to carrying legacy of Ratan Naval Tata: Noel Tata
Source: IANS
2024-10-12 09:39:54 am
Noel Tata appointed Chairman of Tata Trusts Noel Tata on Friday was unanimously appointed as Chairman of Tata Group's philanthropic arm Tata Trusts during a board meeting to discuss the group's succession plans after the demise of Ratan Naval Tata at age 86.  The board decided to appoint Noel Tata, Ratan Tata's half-brother, who is on the boards of several listed company firms, including Tata Steel and Voltas. The decision to appoint Noel Tata as chairman was keeping in mind Ratan Tata’s approach of 'mo...
Noel Tata appointed Chairman of Tata Trusts
Noel Tata appointed Chairman of Tata Trusts
Source: IANS
2024-10-11 02:25:13 pm
Noel Tata likely to be appointed as new Tata Trusts Chairman As the Tata Trusts board meeting began on Friday to discuss group's succession plans after the demise of Ratan Naval Tata, reports surfaced that Noel Tata is likely to be appointed as the new Chairman of Tata Trusts.  However, an official confirmation was still awaited. Ratan Tata, the former Tata Group Chairman, passed away on October 9 aged 86. The board meeting went underway in the financial capital to discuss the crucial succession plans. The trust deeds provide clear guida...
Noel Tata likely to be appointed as new Tata Trusts Chairman
Noel Tata likely to be appointed as new Tata Trusts Chairman
Source: IANS
2024-10-11 01:52:55 pm
Air India buys 85 Airbus jets, may add Boeing jets, sources say Air India is continuing a dramatic turnaround by placing a new order for 85 Airbus planes and could buy more Boeing jets on top of an historic order for European and U.S. jets last year, industry sources said. The Airbus order emerged in a routine industry update as the national carrier mourned the death of the former chairman of parent Tata Group, business and aviation pioneer Ratan Tata. Airbus said late on Wednesday an unnamed customer had placed an order for 75 A320-family jets and ...
Air India buys 85 Airbus jets, may add Boeing jets, sources say
Air India buys 85 Airbus jets, may add Boeing jets, sources say
Source: Reuters
2024-10-10 04:19:37 pm
Ratan Tata put brand India on global economy map: Industry chambers Leading industry chambers on Thursday remembered Ratan Tata as a leader, nation builder, philanthropist, a global entrepreneur and much more.   Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) said his kind, soft and gracious nature, in spite of his stature, was inspirational and rare. “His advice to us at CII was always insightful and demonstrated his belief in the ability of Indian businesses, their capabilities globally and most of all how Indi...
Ratan Tata put brand India on global economy map: Industry chambers
Ratan Tata put brand India on global economy map: Industry chambers
Source: IANS
2024-10-10 02:07:44 pm
Ratan Tata ensured education and health for millions globally: Cornell University  A bachelor in architecture from Cornell University in the US in 1962, Ratan Tata did not pursue an architecture career and, instead, started as an apprentice on a shop floor at Tata Steel, before building a $100 billion empire.    He was a former Cornell trustee who became the university’s largest international donor – supporting scholarships, research to reduce rural poverty and malnutrition in India, and technology innovation. Remembering him, Cornell Un...
Ratan Tata ensured education and health for millions globally: Cornell University
Ratan Tata ensured education and health for millions globally: Cornell University
Source: IANS
2024-10-10 09:19:20 am
Doyen of India Inc, Tata Group's Ratan Tata passes away  Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital following age-related health conditions. He was 86.  Tata was admitted to the hospital on Monday, sparking intense speculation on his health status in corporate, political and common circles. Later, he had issued a statement that he was undergoing certain routine medical examinations for age-related health concerns. Subsequently, he was reportedly put on life-support systems, tho...
Doyen of India Inc, Tata Group's Ratan Tata passes away
Doyen of India Inc, Tata Group's Ratan Tata passes away
Source: IANS
2024-10-10 08:45:17 am
PM Narendra Modi meets Tata Sons, Taiwan`s PSMC leaders as they bauild Rs 91,000 cr chip facility in Indi Prime Minister Narendra Modi on Thursday met the leadership team of Tata Sons and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC), which are building a Rs 91,000 crore mega semiconductor fabrication facility in Gujarat's Dholera.  In a post on X, PM Modi said he had "a great meeting with the leadership team of Tata Sons and PSMC". "They shared updates on their semiconductor manufacturing projects. PSMC expressed enthusiasm to further expand ...
PM Narendra Modi meets Tata Sons, Taiwan`s PSMC leaders as they bauild Rs 91,000 cr chip facility in Indi
PM Narendra Modi meets Tata Sons, Taiwan`s PSMC leaders as they bauild Rs 91,000 cr chip facility in Indi
Source: IANS
2024-09-27 09:43:33 am
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government Tata Steel is currently trading at Rs. 149.30, up by 1.15 points or 0.78% from its previous closing of Rs. 148.15 on the BSE. The scrip opened at Rs. 151.95 and has touched a high and low of Rs. 152.40 and Rs. 148.75 respectively. So far 1320066 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 114.25 on 02-Nov-2023. Last one week high and low of the scrip stood at Rs...
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government
Tata Steel rises on signing Euro 500 million Grant Funding agreement with UK Government
Source: Accord Fintech
2024-09-12 03:11:34 pm
Air India to operate Vistara planes as FDI nod for merger comes through Full-service airline Vistara announced on Friday that its aircraft would be operated by Air India from November as the government's FDI approval for the merger between the two airlines has come through.  From September 3, it will not be possible to book with Vistara for travel on or after November 12, according to a statement issued by Vistara. "All Vistara aircraft thereafter will be operated by Air India and bookings for the routes operated by these aircraft will be redi...
Air India to operate Vistara planes as FDI nod for merger comes through
Air India to operate Vistara planes as FDI nod for merger comes through
Source: IANS
2024-08-30 01:47:22 pm
Singapore Airlines gets India investment approval for AirIndia-Vistara merger Singapore Airlines has received Indian government approval for foreign direct investment, clearing a significant hurdle in the merger of airline Vistara, its 49%-owned joint venture with Tata Group, into Air India, it said on Friday. Singapore's flagship carrier announced a plan to merge the decade-old Vistara and Tata-owned Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets. India is among the world's fastest...
Singapore Airlines gets India investment approval for AirIndia-Vistara merger
Singapore Airlines gets India investment approval for AirIndia-Vistara merger
Source: Reuters
2024-08-30 09:11:35 am
AP Economic Development Board invites applications for various posts The Andhra Pradesh Economic Development Board, which is headed by Chief Minister N. Chandrababu Naidu, has invited applications for various posts.   State Minister for Education, Information Technology and Electronics Nara Lokesh on Wednesday said they are inviting the best talent to join the APEDB in the journey to develop Andhra Pradesh as India's premier investor-friendly destination. "If you're self-driven, talented and with a passion to change the economic landsca...
AP Economic Development Board invites applications for various posts
AP Economic Development Board invites applications for various posts
Source: IANS
2024-08-29 09:37:31 am
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years.  As iPhone exports continue to clock around $1 billion each month thanks to the government’s production-linked incentive (PLI) scheme, the tech giant employs about 2 lakh people, dominated by women employees, across its supply chain that includes vendors and component su...
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
Source: IANS
2024-08-27 11:00:31 am
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024.  The iPhone unit by Tata is being built in Hosur, Tamil Nadu. The iPhone facility is expected to employ over 50,000 workers, mostly women. The 250-acre Hosur plant will manufacture iPhones using components from a unit that Tata set up a couple of years ago. ...
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Tata Group gears up for new iPhone assembly plant as Apple expands India footprint
Source: IANS
2024-08-20 02:34:41 pm
Indian retailer Trent posts two-fold rise in profit, shares hit record high  Indian retailer Trent reported a two-fold jump in first-quarter profit on Friday, boosted by demand at its cheaper Zudio outlets, which cater to budget-conscious consumers. The retailer's shares jumped 10% to a record high after the results. The Tata Group-owned company's consolidated net profit rose to 3.93 billion rupees ($47 million) for the quarter ended June 30, from 1.74 billion rupees a year earlier. This is the company's ninth consecutive rise in quarterly p...
Indian retailer Trent posts two-fold rise in profit, shares hit record high
Indian retailer Trent posts two-fold rise in profit, shares hit record high
Source: Reuters
2024-08-09 02:21:53 pm
Tata`s Assam plant to produce 4.8 cr chips daily, create 28,000 jobs: Ashwini Vaishnaw  The Tata Group’s semiconductor plant in Assam will produce 4.83 crore semiconductor chips per day, along with generating 15,000 direct and up to 13,000 indirect jobs once operational, Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, said on Saturday.  The Union Minister also pointed out that the semiconductor unit will be a site for the development of indigenous advanced semiconductor packaging technologies, including Wire Bond, flip chip, and...
Tata`s Assam plant to produce 4.8 cr chips daily, create 28,000 jobs: Ashwini Vaishnaw
Tata`s Assam plant to produce 4.8 cr chips daily, create 28,000 jobs: Ashwini Vaishnaw
Source: IANS
2024-08-04 10:08:54 am
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore Jeweller and watchmaker Titan Ltd on Friday said its standalone net profit declined by 1 per cent to Rs 770 crore in the April-June quarter from Rs 777 crore in the same quarter last year as higher gold prices dampened demand.  The Tata Group company's revenue from operations in the first quarter of the current fiscal rose nine per cent to Rs 11,263 crore, compared to Rs 10,306 crore in the same period last year. Titan managing director CK Venkataraman said: "In the recent...
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore
Titan records 1 per cent dip in Q1 net profit at Rs 770 crore
Source: IANS
2024-08-03 09:00:53 am
India`s domestic air traffic clocks 6 pc growth in June India’s domestic air passenger traffic rose by 5.8 per cent to 1.32 crore in June this year from 1.24 crore in the same month last year, according to the latest data released by the Directorate General of Civil Aviation (DGCA).  Low-cost airline IndiGo flew 80.86 lakh passengers during the month to register a market share of 60.5 per cent, followed by Tata Group’s Air India with 17.47 lakh flyers accounting for 13.1 per cent share of the market pie. Vistara, a 51:49 per...
India`s domestic air traffic clocks 6 pc growth in June
India`s domestic air traffic clocks 6 pc growth in June
Source: IANS
2024-07-17 11:16:20 am
Air India takes key step on ops for Vistara merger Air India said on Monday that it has completed harmonising operating procedures across key functions for the four Tata Group airlines as a crucial step towards the merger. Vistara, a joint venture between Tata Group (51 per cent) and Singapore Airlines (49 per cent), is being merged into Air India to create a single full-service carrier. At the same time Air India's subsidiaries, AIX Connect (formerly Air Asia) and Air India Express, are merging to form a single low-budget airline. ...
Air India takes key step on ops for Vistara merger
Air India takes key step on ops for Vistara merger
Source: IANS
2024-07-09 09:36:45 am
First Airbus A320 Neo aircraft for Air India arrives in New Delhi Air India on Sunday welcomed its first narrow-body aircraft - Airbus A320neo, which landed at the Indira Gandhi International Airport from the Airbus facility in Toulouse, France.   The A320neo aircraft joining the Air India fleet will feature a three-class configuration: eight luxurious Business Class seats, 24 Premium Economy seats with extra legroom, and 132 Economy Class seats, said the company.  "The introduction of Premium Economy cabins on narrow-body aircraft is a...
First Airbus A320 Neo aircraft for Air India arrives in New Delhi
First Airbus A320 Neo aircraft for Air India arrives in New Delhi
Source: IANS
2024-07-08 09:23:41 am
India`s PM Narendra Modi plans post-election reforms to rival Chinese manufacturing Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter.  As part of an election pledge to transform India into a global manufacturing hub, Modi wants to offer subsidies for domestic production modelled on recent packages for semiconductor firms and electric vehicle makers, said the off...
India`s PM Narendra Modi plans post-election reforms to rival Chinese manufacturing
India`s PM Narendra Modi plans post-election reforms to rival Chinese manufacturing
Source: Reuters
2024-06-03 10:17:02 am
Tata Group, Serum Institute of India in Time`s world`s top 100 most influential companies` list Tata Group and the Adar Poonawalla-run Serum Institute of India (SII) have been recognised among the top 100 ‘World’s Most Influential Companies of 2024’ by Time magazine.  While the Tata Group was included in the list under the ‘Titans’ category, Pune-based SII was part of the ‘Pioneers’ section. “Founded in 1868, the Tata Group long ago cemented its place in India’s economy, its vast portfolio extending from steel, software, w...
Tata Group, Serum Institute of India in Time`s world`s top 100 most influential companies` list
Tata Group, Serum Institute of India in Time`s world`s top 100 most influential companies` list
Source: IANS
2024-05-31 10:43:42 am
Air India announces first salary hike post Tata takeover For the first time after its takeover by the Tata Group in 2022, Air India on Thursday announced a salary hike for its staff who joined the airline before December 31, 2023.   The airline has around 18,000 employees, including ground staff, cabin crew, and pilots. “During FY 2023-2024, as a part of the take-off phase of Vihaan, Air India achieved key milestones, laying strong foundations for growth and transformation… To enable our journey, we introduced two key change...
Air India announces first salary hike post Tata takeover
Air India announces first salary hike post Tata takeover
Source: IANS
2024-05-24 10:12:50 am
India hot investment destination for Western corporate giants India has become an alternative investment destination for many Western companies, according to the latest World Economic Situation and Prospects report of the UN. The report which has increased the forecast of India’s GDP growth by 0.7 percentage points to 6.9 per cent identifies increased foreign investments as an important factor that is propelling the country’s GDP growth. “The better outlook for India is fuelled by lower inflation, robust exports, and increased fo...
India hot investment destination for Western corporate giants
India hot investment destination for Western corporate giants
Source: IANS
2024-05-18 02:37:51 pm
Coal India, NMDC exploring lithium mines overseas, mines secretary says State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh , to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governm...
Coal India, NMDC exploring lithium mines overseas, mines secretary says
Coal India, NMDC exploring lithium mines overseas, mines secretary says
Source: Reuters
2024-05-15 12:44:49 pm
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share Tata Group AC manufacturer Voltas Ltd on Tuesday reported a 19 per cent decline in consolidated net profit, at Rs 116 crore, for the January-March quarter of 2023-24, compared to Rs 144 crore in the same period of the previous year. The Mumbai-based company’s consolidated revenue from operations rose 42 per cent to Rs 4,203 crore in Q4FY24, as compared to Rs 2,957 crore in Q4FY23. "The directors have recommended dividend of Rs 5.50 per share on face value of Re 1 per share (5...
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share
Voltas Q4 net profit dips 19 per cent, declares dividend of Rs 5.50 per share
Source: IANS
2024-05-08 10:53:07 am
Tata Elxsi logs 13 pc revenue growth, announces 700 pc dividend for FY24 IT major Tata Elxsi on Tuesday declared its fourth quarter results, with 13 per cent revenue growth at Rs 3,552.1 crore and profit before tax (PBT) at Rs 1,048.7 crore for the first time, an 11.9 per cent growth (year-on-year). Software development and services (SDS) grew by 9.3 per cent YoY while system integration and support (SIS) went up by 18.6 per cent. The board has recommended a final dividend of 700 per cent (Rs 70 per equity share of par value of Rs 10 each) for the financial ...
Tata Elxsi logs 13 pc revenue growth, announces 700 pc dividend for FY24
Tata Elxsi logs 13 pc revenue growth, announces 700 pc dividend for FY24
Source: IANS
2024-04-24 09:19:06 am
Apple ecosystem one of the leaders in job creation in mobile manufacturing: IT Minister Ashwini Vaishnaw  As India becomes the second nation in the world in terms of mobile manufacturing, the Apple ecosystem is now one of the leading employment generators in the sector, Union Railways and IT Minister Ashwini Vaishnaw said on Tuesday. Mobile manufacturing has been a leading force in job creation in the last 10 years, as the government aims to make India a global manufacturing hub. “In the ecosystem of Apple alone, more than 1.5 lakh people have got employment and there is good am...
Apple ecosystem one of the leaders in job creation in mobile manufacturing: IT Minister Ashwini Vaishnaw
Apple ecosystem one of the leaders in job creation in mobile manufacturing: IT Minister Ashwini Vaishnaw
Source: IANS
2024-04-23 04:34:02 pm
After Wistron, Tata Group eyeing Pegatron`s iPhone plant in India Tata Group, which acquired Taiwanese electronics manufacturer Wistron's India operations for $125 million in October last year, is now reportedly eyeing to acquire Pegatron's iPhone manufacturing facility near Chennai, as Apple ramps up its presence in the country. According to a Reuters report, citing sources, the Tata Group may hold a 65 per cent stake in a "joint venture" to operate the Pegatron plant, for which talks are in an "advanced stage". The compan...
After Wistron, Tata Group eyeing Pegatron`s iPhone plant in India
After Wistron, Tata Group eyeing Pegatron`s iPhone plant in India
Source: IANS
2024-04-09 09:21:08 am
NSE launched four new indices in capital markets today - Inputs by Palka Arora Chopra, Director, Master Capital Services Ltd. The introduction of the new indices enables investors to refine their investment strategies by focusing on specific themes, such as Tata Group companies and industries like manufacturing, infrastructure, and healthcare. This is especially advantageous for individuals who aim to track the conglomerate's performance or seek growth opportunities within particular sectors. Diversification is provided within their respective areas of focus by the indices. For instance, the Nifty500 Multicap...
NSE launched four new indices in capital markets today - Inputs by Palka Arora Chopra, Director, Master Capital Services Ltd.
NSE launched four new indices in capital markets today - Inputs by Palka Arora Chopra, Director, Master Capital Services Ltd.
Source: PR Agency
2024-04-08 04:33:22 pm
Tata Steel gains on raising Rs 2,700 crore via NCDs Tata Steel is currently trading at Rs. 153.45, up by 1.15 points or 0.76% from its previous closing of Rs. 152.30 on the BSE. The scrip opened at Rs. 152.65 and has touched a high and low of Rs. 153.80 and Rs. 152.05 respectively. So far 997875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.50 on 11-Mar-2024 and a 52 week low of Rs. 101.65 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs....
Tata Steel gains on raising Rs 2,700 crore via NCDs
Tata Steel gains on raising Rs 2,700 crore via NCDs
Source: Accord Fintech
2024-03-27 02:25:36 pm
Tata Chemicals shares plunge more than 8 per cent Tata Chemicals shares were down more than 8 per cent on Wednesday leading the trend as most Tata group shares except TCS trended down. Tata Chemicals was down 8.12 per cent, Tata Motors by 2.4 per cent, Tata Steel by 1.8 per cent, Tata Investment by 5 per cent and Tata Consumer by 2.7 per cent. Tata Chemicals had run up in the past week on the buzz of Tata Sons' imminent listing. There has been a correction in some of the Tata group stocks ever since the buzz got diluted. Tata Ch...
Tata Chemicals shares plunge more than 8 per cent
Tata Chemicals shares plunge more than 8 per cent
Source: IANS
2024-03-20 01:49:34 pm
Nifty correcting despite big buying by institutional investors Trends are emerging in the market decline on Tuesday as the Nifty corrected by more than 1 per cent even when institutions were big buyers, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. DII buying was Rs 7449 crore and FII buying was Rs 1421 crore. TCS bulk sales by Tata Sons cloud this institutional activity. The important point is that there has been profit booking by HNIs and retail investors which pulled the market down. SEBI’s warning about elevat...
Nifty correcting despite big buying by institutional investors
Nifty correcting despite big buying by institutional investors
Source: IANS
2024-03-20 11:51:03 am
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest Behind the doors of a small, non-descript office in the heart of New Delhi lies the headquarters of an electoral trust run by just two men that is the largest-known donor to India’s ruling Bharatiya Janata Party (BJP), according to a Reuters review of public records. The Prudent Electoral Trust has raised $272 million since its creation in 2013, funnelling roughly 75% of that to Prime Minister Narendra Modi's party. The trust’s donations to the BJP total 10 times as much as...
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest
Obscure trust links India`s top businesses with PM Narendra Modi`s election war chest
Source: Reuters
2024-03-14 09:08:13 am