The top 100 tax defaulters owe the exchequer a whopping Rs 1.41 lakh crore.
The country's largest automobile maker's total income from operations, however, fell 7.56 per cent to Rs 6,404.63 crore (Rs 64.04 billion) in the first quarter, the company said in a statement. While the passenger vehicle segment grew by 1.13 per cent at 72,216 units, but the sales of commercial vehicles fell by 4.85 per cent at 49,904 units in Q1 of this fiscal.
Tata Motors on Thursday reported a 42.9 per cent rise in its sales during the fiscal 2003-04 at 3,14,256 vehicles, including exports, as against 2,19,865 units sold in the previous year.
The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
Life Insurance Corporation of India and DaimlerChrysler, one of the oldest partners of Tata Motors, may refrain from participating in the ongoing Rs 4,145-crore (Rs 41.45 billion) rights issue that is closing on October 20, investment banking sources said. The move comes after Life Insurance Corporation of India expressed its wariness in putting in its bid.
Close on the heels of the Mukesh Ambani-controlled Reliance Retail's possible entry into the second-hand car market, Tata Motors, the country's second largest automobile major, is planning a similar foray.
Tata Motors, India's third-biggest carmaker, on Wednesday said it would invest a little over Rs 800 crore (Rs 8 billion) this fiscal for capacity expansion, product development and marketing.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
Jaguar Land Rover has reached an agreement with Tata Motors to be an exclusive importer of these premium saloon cars and utility vehicles.
The B C Khanduri government seems to be in no hurry to provide concession on lease rent as well as some more land to Tata Motors at the Pantnagar industrial estate.
'The path beyond diesel is not going to be clear. It is really going to be dependent on applications.'
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.
Tata Motors expressed satisfaction over the progress of land acquisition for its proposed small car plant at Singur and plan to launch the vehicle in 2008 as scheduled.
There were no casualties; a part of the wall was damaged.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
Auto major Tata Motors on Thursday reported a 50.65 per cent fall in its net profit at Rs 1,001.26 crore (Rs 10.01 billion) for the 2008-09 fiscal.
'We will have multiple engine options -- electric vehicle and internal combustion engine in diesel and petrol.'
Trinamool Congress workers, led by party president Subrata Bakshi, on Tuesday stormed into the prohibitory order-bound site of Tata Motors' small car project in Singur cutting about 10 feet of barbed fencing, police said.
The company will bring a couple of new models every year and admitted that lack of new products has hurt the company.
Tata Motors on Tuesday reported a massive 102-fold jump in its consolidated net profit for the quarter ended September 30 at Rs 2,222.99 crore (Rs 22.23 billion) on account of robust demand across categories.
Tata Motors on Thursday launched its new multi-purpose diesel vehicle 'Venture' in Rajathan.
In wake of the coronavirus pandemic, US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home, a step which has also been taken up by Swedish luxury car maker Volvo. A Ford India spokesperson said, in recent days, the company has concluded that the issue of coronavirus has taken on a different dimension.
Sen said that as per the lease agreement, concluded recently with the company, it would have to pay a lease rent of Rs 1 crore per year for the first five years to the state.
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
Tata Motors shares fall 2%; m-cap erodes by Rs 5,521 cr.
Leading automobile manufacturer Tata Motors on Monday announced the launch of mini truck 'Tata Ace' in Sri Lanka.
Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.
There are many things we can do with the Nano. It is a canvas, says Managing Director Karl Slym.
Its Board of Directors has recommended a dividend of Rs 2 per ordinary share.
A sharp fall in the equity market made investors poorer by Rs 5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. A host of negative triggers -- muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets -- dragged the benchmark indices lower. The BSE benchmark gauge tumbled 820.97 points or 1.03 per cent to settle at 78,675.18.
Rising investment is eating into the luxury carmaker's cash pile.
With a m-cap of Rs 1,28,100 crore, Tata Motors now features at ninth rank in the list and replaces HDFC in this prestigious club.
Homegrown auto major Tata Motors on Monday reported an almost three-fold increase in consolidated net profit to Rs 4,804.80 crore (Rs 48.04 billion), driven by its British arm Jaguar Land Rover.
Tata Motors, India's leading manufacturer of heavy and light automobiles, is planning to launch 20 new variants in coming two years
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
The country's largest auto maker, Tata Motors, is planning to invest about Rs 8,000 crore (Rs 80 billion) during the next three-four years as capital expenditure and product development.The money is likely to be spent on launching new models and scaling up its operations.
The country's top automaker in terms of revenue plans to launch a total of 50 products in the CV segment during 2018-19.
