Bajaj Housing Finance debut boosts Bajaj Group’s market capitalisation

A stellar market debut of Bajaj Housing Finance  Ltd (BHFL) on Monday helped the Bajaj Group reduce its market capitalisation (mcap) gap with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, more than double its initial public offering price-based valuation of around Rs 58,300 crore. This added more than 10 per … Read more

Tata group’s financial services business make hefty profits in FY24

The Tata group’s unlisted financial services businesses have reported hefty profits for the year, with Tata Capital, the group’s financial services business, reporting a profit of Rs 2,492 crore on revenues of Rs 13,309 crore, as per Tata Sons’ annual report for the financial year ended March 2024. The two insurance joint ventures, Tata AIA … Read more

Tata to make a very, very big investment in semiconductors: chairman N. Chandrasekaran

Tata would make a “very, very big investment” in electronics and semiconductors and it would announce the fab, a specialised factory for production “very soon” to produce “multiple nodes”, Tata Sons chairman N. Chandrasekaran said in Chennai on Wednesday. Delivering the 20th Anantharamakrishnan Memorial Lecture, after receiving the MMA-Amalgamations Business Leadership Award 2023, Mr. Chandrasekaran … Read more

Tata Consumer announces two new acquisitions

1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more

Starbucks targets 1000 stores by 2028

Started in 2012, Tata Starbucks is a 50:50 JV between Tata Consumer and Starbucks. It’s claimed to be a success in India so far and consequently the Company has announced the following – Increase the store count from 390 currently to 1000 by 2028 Currently, it has presence across 54 Indian cities. Going forward the … Read more

Apple: Tatas get a bite of Apple, start manufacturing iPhone in Bengaluru

In an ambitious manufacturing move in India, the Tata Group has started making the Apple iPhone within the country as it seeks to acquire the Narasapura factory, outside Bengaluru, of Taiwanese giant Wistron, multiple sources have told TOI. The move comes within weeks of Apple CEO Tim Cook having a detailed meeting with Tata Sons … Read more

Tata Motors seeks Sebi approval to sell engineering unit stake in IPO

Tata Technologies Ltd. has sought approval from India’s markets regulator for an initial public offering in which its parent carmaker Tata Motors Ltd. and other investors will sell as many as 95.7 million shares. The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover’s owner will comprise a 23.6% stake, according to … Read more

Tata Trusts’ CEO to ‘retire’; Cyrus cousin named trustee

Tata Trusts has made changes in its leadership, with N Srinath stepping down from his role as chief executive and Mehli Mistry, a confidant of Ratan Tata and cousin of former Tata Sons chairman Cyrus Mistry, being appointed as a trustee of the public charitable organisation that controls Tata Group. Srinath, who was brought in … Read more