IHCL plans to double hotel rooms, revenue by 2030 with Rs 5,000 cr capex
Mumbai: Tata Group’s hospitality arm Indian Hotels Company Ltd (IHCL) has allocated capex of Rs 5,000 crore to increase its properties to over 700 by 2030, news agency PTI reported.
Air India completes merger with Vistara, creating India’s largest full-service carrier
New Delhi/IBNS: The Air India Group has successfully completed the operational integration and legal merger of Air India and Vistara, finalizing a major step in its post-privatization transformation.
Mumbai/IBNS: Today (Monday, Nov. 11) marks the final day of operations for Vistara under its own brand, as the airline will transition to flying as part of Air India starting Tuesday (Nov. 12).
Board of Tata Trusts meets to discuss appointment of third representative to Tata Sons
Mumbai/IBNS: The board of Tata Trusts is meeting today (Thursday, Oct. 17) to discuss the appointment of a third representative to the board of Tata Sons, reports Economic Times.
India Inc mourns Ratan Tata's demise
Mumbai: As Indians from all walks of life mourn the loss of the country’s beloved industrialist Ratan Tata, business leaders have shared heartfelt tributes to the iconic figure, whose life and legacy have left an enduring impact for generations to come.
Shares of Tata Elxsi, TTML, Tata Power jump up to 15% in stock market today
Mumbai/IBNS: Hours after Ratan Tata's death, Tata Group stocks experienced a surge in buying activity during early trading on Thursday (Oct. 10).
Noel Tata takes centre stage in Tata Group's leadership transition after Ratan Tata's death
Mumbai/IBNS: The demise of Tata Group chairman Ratan Tata has brought attention to the future leadership of Tata Trusts, where his half-brother, Noel Tata, is emerging as a significant figure, reports said.
Tata Power to invest up to $9 billion in expanding renewable energy capacity
Mumbai/IBNS: Tata Power plans to invest up to $9 billion to more than quadruple its renewable energy capacity to over 20 gigawatts (GW) within the next five to six years, Reuters reported on Tuesday, citing the company's CEO Praveer Sinha.
Bengaluru/IBNS: American tech giant Apple has started talks with Micron, the Tata Group, and other semiconductor manufacturers setting up plants in India to secure $12 billion worth of chips for its iPhones produced in the country.
Annual report shows Tata Group's aviation business more than halves loss in FY24
Mumbai/IBNS: Tata Sons FY24 annual report revealed that the Tata Group's aviation business narrowed losses to Rs 6,337 crore from Rs 15,414 crore in the previous fiscal year.
Tata Sons clears Rs 20,000 crore debt to avoid mandatory share market listing
Mumbai/IBNS: Tata Sons, the $410-billion holding company of the Tata Group, has voluntarily surrendered its certificate of registration after repaying over Rs 20,000 crore in debt to remain an unlisted entity, according to a report by The Economic Times.
Mumbai: The Board of Directors of Tata Motors Ltd has approved a Composite Scheme of Arrangement involving the demerger of its Commercial Vehicle (CV) business undertaking and the merger of Tata Motors Passenger Vehicles (TMPV) with the existing listed company thereby resulting in two separate listed companies for the CV and PV businesses.
Tata Group cancels stake acquisition in Chinese phone maker Vivo India as Apple objects deal: Report
Mumbai: The Tata Group's attempt to acquire a majority stake in Vivo's India business has faced challenges due to objections from Apple, according to a Times of India report.
Tata Steel Q4FY24: PAT drops 64.6% YoY Rs 555 cr
Mumbai: Tata Steel's net profit in January-March quarter witnessed a staggering 64.6% year-on-year decline to Rs 555 crore, as per an exchange filing released on Wednesday.
Jaguar Land Rover to make iconic Range Rover models in India; prices likely to come down
Mumbai: Jaguar Land Rover has said it will start assembling the iconic Range Rover models at the Pune plant in India, marking the first time this process will occur outside of the UK.