Tata Chemicals has decided to buy US-based General Chemical Industrial Products Inc for over USD 1 billion.
Tata Steel and Tata Chemicals under investor watch
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Aiming to be the number one player in the soda ash industry, Tata Chemicals Ltd said it has acquired 63.5 per cent stake in UK-based Brunner Mond Group Ltd
The size of the Tata group's nine acquisitions in 2005 is only marginally lower than the Rs 4,380 crore spent so far by India Inc on buying companies abroad in the year.
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Narendra Modi has met and interacted with thousands of people. A few fortunate people have had the opportunity of sharing a moment with the prime minister-designate.
This recognition is a testimony of India's strong belief in promoting entrepreneurship
The marquee names include Hindalco, three Tata group companies and Colgate.
The Tata group firm has enhanced its product portfolio through "targeted acquisitions" as it aspires to be a formidable player in the FMCG category, said Chandrasekaran, who is also the chairman of Tata Sons. Besides, it has stepped up the pace of innovation across markets in line with consumer trends such as health and wellness and convenience, he said in his message to shareholders in the latest annual report of TCPL.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Experts say successful brand extensions require a sharply defined unifying thread and Tata Chemicals may have faltered on that.
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
Hind Lever Chemicals Ltd's board approved the proposal for amalgamation of the company with Tata Chemicals Limited.
Tata will step down as chairman of Tata Sons and other group companies in December-end after a stint of over 21 years.
Reliance Industries has served a notice for suspension of gas supplies to four fertiliser plants in Uttar Pradesh from Thursday unless they enhance their financial guarantees to cover for state sales tax.
Has liberalisation squeezed the personality out of India Inc's leaders?
Hind Lever Chemicals Ltd's board will meet on January 24 to consider a proposal for the merger of the company with the Tata Chemicals Ltd.
The 14 listed Tata group companies in which Tata Sons holds a stake are paying out a record Rs 35,441 crore to their shareholders by way of dividends and share buyback for FY21.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
Grow-Trees.com has launched a project to plant 50,000 mangrove saplings in the famous Rukshmani temple creek site at Dwarka in Gujarat.
The 'Age of Rage' survey by Tata Salt Lite revealed some startling facts about the causes of stress and anxiety among urban Indians.
With all of the heavy lifting we have done over the past few years, I am confident that we are now well positioned to build on the Tata Group's unique legacy to steer the 21st century towards a more sustainable, connected, inclusive and efficient future: Chandra in email to staff.
We are adapting to the situation by innovating new delivery modelss, launching brand campaigns that are impactful in the current context and closely monitoring changes in consumer buying behaviour, he said.
India's largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship companies, with a view to leveraging the value of the entities and increase cost efficiency.
Keeping an eye on the common man, Tata on Thursday launched two new variants of its water purifier 'Swach' in the North-Indian market, with the low-end version quoting a rock-bottom price of just Rs 499.
Dismissing all suggestions that only a Parsi with a Tata name would succeed him, Tata Group chairman Ratan Tata on Monday said that the new incumbent would neither be a pro-Parsi nor an anti-Parsi, but the 'right person'.
Globally, companies like Coca Cola, P&G and Unilever have adopted the performance-based model. In India, the trend is gradually catching on. A Coca Cola India spokesperson said the company is in the process of moving from an input-cost based compensation system for its agency partners towards a value-based one. This model is about paying agencies for results, not activity. HUL refused to comment, citing policy constraints on speaking about remuneration.
The Satyam Computer Services board is expected to induct former managing director of Tata Chemicals Homi R Khusrokhan on the company's board of directors as Executive Director and former chief financial officer of Murugappa group Partho S Datta as Director (Finance).
The Tata group is strengthening the management super-structure within its group companies by extending the post of vice-chairman to three more companies - Tata Motors, Tata Steel and Tata Consultancy Services.
The US Securities and Exchange Commission (SEC) team met the six-member government appointed board of the Satyam Computer Services here on Thursday.
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
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