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

Voltas slips 8%, hits lowest level since January 2021 on demand concerns

Shares of Voltas hit a 52-week low of Rs 883.20 on the BSE as they slipped 8 per cent in Friday’s intra-day trade amid concerns that te July-September quarter (Q2FY23) may see subdued sales numbers due to low seasonal demand. With today’s intra-day decline, the stock has corrected 35 per cent from its 52-week high … Read more

Tatas are rumoured to target stake in Bisleri

As per newspaper reports, Tata group has offered to acquire stake in Bisleri. There is no information on the quantum of stake that Tatas have offered to acquire currently. However, as per the said report, Tatas are very keen on this business and eventually they want to scale their stake up. Given that Bisleri is … Read more

tata: Chandrasekaran gets 2nd term as Tata Sons chairman

Tata Sons has reappointed N Chandrasekaran as its executive chairman for another five years, ensuring leadership continuity even as the owner of one of India’s oldest conglomerates syncs itself with the new business environment. Its board, which met on Friday, reviewed the last five years’ performance of the $103-billion conglomerate and decided to renew his … Read more