TATA GROUP

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.

Tata Group stocks rally; 6 of them turned multibaggers in a year

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.