TATA GROUP
![6 Adani stocks, LIC, and 3 PSUs slip below 20 & 50 DMAs: What should investors do?](https://img.etimg.com/thumb/msid-112860222,width-100,height-75,resizemode-4/markets/stocks/news/6-adani-stocks-lic-and-3-psus-slip-below-20-50-dmas-what-should-investors-do.jpg)
6 Adani stocks, LIC, and 3 PSUs slip below 20 & 50 DMAs: What should investors do?
Despite 77% of Nifty 100 stocks trading above their 20-day DMAs and 63% above their 50-DMAs, 16 stocks, including six Adani Group stocks and several PSUs, have fallen below both moving averages. According to Ace Equities data, this indicates generally favorable trends for large-cap stocks.
![Bikaji says 'not for sale' amid investor interest in Indian snacks market](https://img.etimg.com/thumb/msid-112855668,width-100,height-75,resizemode-4/industry/cons-products/food/bikaji-says-not-for-sale-amid-investor-interest-in-indian-snacks-market.jpg)
Bikaji says 'not for sale' amid investor interest in Indian snacks market
Bikaji, which recently bought stakes in Bhujialalji and Ariba Foods, aims to make more acquisitions only if they could help expand distribution or boost its presence in the frozen-food market and are not looking to sell amid investor interest in the snack brand.
![Apple’s hiring drive; Zomato's new ticketing feature](https://img.etimg.com/thumb/msid-112840712,width-100,height-75,resizemode-4/tech/newsletters/tech-top-5/apples-hiring-drive-zomato-unveils-secondary-market-for-tickets.jpg)
Apple’s hiring drive; Zomato's new ticketing feature
Apple’s shift from China is driving a massive surge in hiring in India. Details on this and more in today’s ETtech Top 5.
![Tata Tech, Trent in focus amid large block deals](https://img.etimg.com/thumb/msid-112827136,width-100,height-75,resizemode-4/markets/stocks/news/tata-tech-trent-in-focus-amid-large-block-deals.jpg)
Tata Tech, Trent in focus amid large block deals
Tata Group companies Trent and Tata Technologies experienced notable pre-market block deals. Trent's shares initially rose but later fell, while Tata Technologies' shares dropped before stabilizing. Trent is on track to join the Nifty50 index, which will lead to substantial net inflows. The official parties involved in the transactions remain unknown.
![4 Tata Group stocks correct up to 37% after logging multibaggers returns. Should you buy?](https://img.etimg.com/thumb/msid-112825823,width-100,height-75,resizemode-4/markets/stocks/news/4-tata-group-stocks-correct-up-to-37-after-logging-multibaggers-returns-should-you-buy.jpg)
4 Tata Group stocks correct up to 37% after logging multibaggers returns. Should you buy?
Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.
![Sensex, Nifty off to a flat start tracking pause in global rally, oil price surge](https://img.etimg.com/thumb/msid-112823781,width-100,height-75,resizemode-4/markets/stocks/news/sensex-nifty-off-to-flat-start-tracking-pause-in-global-rally-oil-price-surge.jpg)
Sensex, Nifty off to a flat start tracking pause in global rally, oil price surge
The buying momentum was stronger in the broader market while buying was noticed in IT, pharma, consumer and media stocks. HCL Tech was the biggest gainer among bluechips and was trading 1.5% higher.
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Tata Group to hire 4,000 women technicians from Uttarakhand for Tamil Nadu and Karnataka facilities
Candidates will be required to undergo tests for selection. According to the letter from Tata Group, successful candidates will be appointed as shop floor technicians. In addition to a fixed salary, the selected candidates will be provided with accommodation, food, and transportation facilities. Other benefits will also be offered in line with company policy.
Trent shares rally 2% on Nifty inclusion next month
Trent Share Price: Tata's Trent shares rose 2% to Rs 7,090, hitting an all-time high, following its inclusion in the Nifty50 index. The stock is set for a $470 million inflow.
Value-for-money fashion spurs Trent's 129% surge
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
Tata Digital rolls out Esops for its senior execs to push performance
Tata Digital has launched a new employee stock option plan (Esop) for the top deck under chief executive Naveen Tahilyani amid significant turnover in the company's senior leadership. It is following new-age companies like Flipkart and Razorpay that employ Esops as a retention tool and a wealth-creating method for employees.
Tata Sons repays Rs 20,000-crore debt in bid to stay private
As a core investment company that borrows funds from banks and markets to invest in group companies, Tata Sons was classified by the RBI as an NBFC-Upper Layer (NBFC-UL) in September 2022. Under RBI regulations, an NBFC-UL must be listed within three years of such a categorisation. But with the promoter risk profile reducing drastically following the debt repayment, Tata Sons is no longer required to list its stock, having offered to surrender its certificate of registration to the central bank.
Tata Digital launches new Esop programme for its senior executives
Tata Digital introduced a fresh employee stock option plan for its senior executives, approved at the recent annual general meeting. The initiative, led by CEO Naveen Tahilyani, is designed to encourage a performance-based culture. The plan includes a minimum vesting period of three years and aims to increase revenue and improve consumer experience.
Vistara-Air India Merger: Final FDI approval expected soon, merger likely after Diwali
Vistara's merger into Air India is all set to secure Singapore Airlines' FDI approval for a 25.1% stake. With Tata Group retaining 74.9%, the merger is set to occur around November 1 to sidestep potential travel disruptions during the festive season.
Nifty rejig today: Trent, Bharat Electronics top candidates
Tata Group's Trent and Bharat Electronics might join the Nifty 50 index, replacing LTI Mindtree and Divis Laboratories, as per JM Financial. The rebalancing, based on six-month data till July 31, will be effective from September 30. Jio Financial and Zomato are not included due to segment restrictions.
Semiconductor Mission-2 may focus on compound fabrications, silicon photonics
In the second phase of the India Semiconductor Mission, the government plans to focus on attracting compound semiconductor fabrication and silicon photonics companies, with minimal financial incentives for chip packaging units. Existing incentives include 50% of project costs from the central government and additional benefits from state governments. Four approved semiconductor units are at various stages of construction, with a total proposed investment of ₹1.48 lakh crore under the ₹76,000 crore mission.
Neville Tata takes charge as head of Star Bazaar, marking next generation leadership in Tata Retail
Neville Tata, 32, has been appointed as the new head of Star Bazaar, marking the emergence of the next generation of Tatas in the business. Neville, son of Trent Ltd chairman Noel Tata, previously served as a non-executive director at Trent Hypermarket and has now transitioned to a more active role. He joined Trent Ltd in 2016 and has managed successful brands such as Zudio.
Tata Chemicals raises Rs 1,700 crore through NCDs
The NCDs have a fixed rate coupon of 7.81 per cent and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE), the filing said.
How the burgeoning presence of Tata Group is transforming Tamil Nadu's industrial hub Hosur
Tata Electronics, which has been making enclosures for Apple iPhones, has stepped up hiring and is rapidly expanding operations at the Hosur facility. Two new units are being set up as part of its expansion and a project to build dormitories for workers is coming up quickly. Apple has been looking to diversify away from China and is ramping up its manufacturing presence in India through partners such as Foxconn and Tata Electronics.
We need to learn from Indian wisdom, appreciate it, says Tata Group chairman N Chandrasekaran
At the launch of 'Power Within: The Leadership Legacy of Prime Minister Narendra Modi' in Mumbai, Tata Group Chairman N Chandrasekaran stressed the value of Indian wisdom in leadership. The book by R Balasubramaniam, a former Rhodes Professor, showcases Indian philosophies and underscores the global impact and respect Prime Minister Modi commands as a leader.
Ginger & Spice: Tata-backed IHCL's new business has growth flavour
Indian Hotels Company (IHCL) is focusing on expanding its new businesses, including Ginger, Qmin, ama Stays & Trails, and the Tree of Life brand, to address India's diverse market and diversify revenue and non-linear revenue growth businesses. Puneet Chhatwal, managing director and chief executive, said the strategic rationale for new businesses is to address India's varied market and diversify IHCL's revenue and non-linear revenue growth businesses, capital light businesses, and those yielding high margins.
Bharti steps into the UK club with $4 bn deal: Joins Tata, Mahindra, TVS and others in British buyouts
Bharti Enterprises’ $4 billion acquisition of a 24.5% stake in BT Group continues a trend of Indian firms buying UK companies. The Tata Group led the charge with its 2000 acquisition of Tetley, followed by Tata Steel's purchase of Corus in 2007, Tata Motors’ Jaguar Land Rover in 2008, and subsequent deals by Mahindra & Mahindra and TVS Motor.
When Jamsetji Tata closed the first Tata enterprise without hesitation
Jamsetji Tata, prominent founder of Tata Group, closed down the Tata Shipping Line in the 1890s after confronting unfair competition from the English P.&O. Despite promising lower freight rates beneficial for Indian merchants, the venture was unsustainable. This tough decision revealed his ability to make pragmatic business choices amidst challenges, maintaining his reputation as a successful entrepreneur.
ATDC signs an MoU with Tata Group subsidiaries to boost tourism in Assam
The Assam Tourism Development Corporation signed an MoU with Amalgamated Plantations Private Limited and the Indian Hotels Company Limited to develop a Taj Resort and Spa in Kaziranga. This project, involving an investment of Rs. 120 crore, aims to enhance the state's tourism infrastructure and create significant employment opportunities.
India's new EV policy not suitable for JLR at present: Tata Motors Group CFO
Jaguar Land Rover, Tata Motors' British arm, announced it has no immediate plans to take advantage of India's new EV policy that provides import duty concessions. Though the company finds the policy unsuitable now, it continues to explore CKD manufacturing options. The new policy aims to attract global EV manufacturers to India.
Trent and BEL could join Nifty in September rejig; LTIM, Divi's Likely to exit
Tata Group's Trent and Bharat Electronics were poised to join the Nifty 50 index during the September reshuffle, as predicted by IDBI Capital. Trent's shares increased 84% and Bharat Electronics rose 68% this year. LTI Mindtree and Divi's Laboratories were likely to be excluded. The index review is based on semi-annual market data, effective from September 30.
Decade later will they compete with global ones? May be some, 5 engineering stocks with an upside potential of 26%
It might appear far-fetched to be question and assumption today, but will Indian engineering companies which have an overlap with capital goods compete with global giants for orders in developed countries. To get the answer, one will have to go back close to three decades back and get an answer in two parts. First, Indian companies were the big supplier of manpower in the gulf countries as they were the sub-contractors of companies building infrastructure before the start of the first Iraq war. Second, Today, Indian companies get full infrastructure projects, like contracts worth billions of dollars to build gas compression systems. While they are far and few, after surviving a major slow down after the global financial crisis, Indian engineering companies have come a long way. Will exports be the next big frontier for them.
Aditya Birla group forays into jewellery retail with 'Indriya'
The Aditya Birla Group launched its new jewellery retail brand, Indriya, directly competing with Tanishq and Reliance Jewels. Indriya plans to be a top-three player in five years, leveraging India's shift towards branded jewellery. This Rs 5,000 crore initiative marks the group's entry during the festive season, aiming to capitalize on India's booming wedding market and rising preference for trusted brands.
An unnoticed trend: Industrial houses getting re-rated. After Tata and Mahindra, are Aditya Birla Group stocks next in line?
In the last four years, beside different sectors getting rerated there has been another sort of re-rating which has been going on the street. Re-rating which is based on the ownership of that set of companies or is commonly known as the industrial houses. In most cases, this has been happening post some kind of restructuring which has been done at group levels. Whether it is demerging, takeover or re-focussing some of the business into additional areas. Now some of the old industrial houses have one big strength, a number of them have real estate assets which can be monetized so they don't have to rush to the capital market or take additional debt when they are re- focusing their priorities. In a number of cases, this has led to unlocking of value and better valuation on the street.
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