Curtains appear to have fallen, perhaps momentarily, on months of unsavoury intrigue and infighting at Tata Trusts, with a majority of trustees voting out Mehli Mistry, a long-time confidant of the late group patriarch Ratan Tata and an influential figure in the affairs of the trusts and the broader Tata group. Mistry’s ouster by majority … Read more
Amid intense speculation over Tata Sons‘ perceived non-compliance with the RBI‘s mandate to list, Governor Sanjay Malhotra on Wednesday said an entity can continue to do business till its registration is not cancelled. The central bank had asked a set of entities, including Tata Sons, the holding company of the salt-to-software conglomerate, to list by … Read more
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
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
Jaguar Land Rover owned by India’s Tata Motors, is set to commence the production of its iconic Range Rover and Range Rover Sport models in India. This marks the first time in the 54-year history of these models that they will be manufactured outside of the UK. Previously, both models were exclusively produced at Jaguar … Read more
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
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
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
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