Tata Sons' dividend from Tata group companies for last financial year is expected to show a decline of 3.5 per cent to Rs 36,514 crore from Rs 37,832 crore a year earlier. This should be the first year-on-year decline in Tata Sons' dividend in the last nine years. The holding company had last reported a decline in FY16, when its proceeds had gone down 42.5 per cent to Rs 6,898 crore from Rs 11,993 crore a year earlier.
Tata Power said on Friday it has signed an agreement with Germany's Siemens Power Generation and Korea's Doosan Heavy Industries to bid for ultra mega power projects of up to 4,000 MW capacity.
The JioStar expert also analysed KKR's buys at the auction, saying that getting NZ all-rounder Rachin Ravindra at base price was smart and there is "serious batting power" in the squad.
The Maharashtra Pollution Control Board has scheduled the hearing on January 15.
Rs 275 cr payment to Tata Power (SED) blocked for putting Indian part
Among Sensex stocks, Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, HDFC Bank, HCL Tech, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were the major laggards. However, Bharat Electronics, State Bank of India, Tata Steel, Eternal, Bharti Airtel and Reliance Industries were the gainers.
Tata Power Company Ltd has won a contract worth Rs 49 crore (Rs 490 million) from state-run Power Grid Corporation of India, the Bombay Stock Exchange said on Tuesday.
From the Sensex pack, Eternal, Maruti Suzuki India, Kotak Mahindra Bank, Mahindra & Mahindra, Tech Mahindra, Titan, HDFC Bank, PowerGrid, Bajaj Finserv, HCL Technologies, Bajaj Finance and Larsen & Toubro were among the gainers. On the other hand, Tata Motors Passenger Vehicles, Asian Paints, UltraTech Cement, Bharat Electronics Ltd, Tata Steel, Adani Ports, Hindustan Unilever, ITC, Tata Consultancy Services and Reliance Industries were the only laggards.
In a bid to protect the consumer's interest, the Maharashtra government is planning to issue a directive, by invoking section 11 of the Electricity Act, 2003, to Tata Power to continue supplying power in Mumbai.
A Maharashtra government-appointed committee has asked Tata Power not to adopt differential pricing but supply excess power at the regulated price to Reliance Infrastructure.
Credit rating agency Moody's Investors Service on Friday assigned senior implied issuer ratings of Ba1 to India's Tata Power and Indian Oil Corp -- one notch above the sovereign rating it assigns to India.\n\n\n\n
From the Sensex pack, Eternal, Bharat Electronics Ltd, Trent, Axis Bank, State Bank of India, Bajaj Finance, Sun Pharmaceuticals, Asian Paints, Adani Ports, Hindustan Unilever, Reliance Industries, ITC, PowerGrid, Tata Motors Ltd's Commercial Vehicles business, and Bajaj Finserv were the gainers. Infosys, Tata Motors Passenger Vehicles, Tata Steel, ICICI Bank, Tech Mahindra, Titan, UltraTech Cement, Maruti Suzuki India, and Larsen & Toubro were the laggards.
From the Sensex pack, Asian Paints, ICICI Bank, PowerGrid, Larsen & Toubro, Bajaj Finserv, Bharti Airtel, Sun Pharmaceuticals, Maruti Suzuki India, Axis Bank, UltraTech Cement and HCL Technologies were the only gainers. On the other hand, Eternal, Tata Motors' commercial vehicles arm, Mahindra & Mahindra, Tata Steel, Bharat Electronics Ltd, Tata Motors Passenger Vehicles, Trent, Tata Consultancy Services, Hindustan Unilever, and Infosys were among the laggards.
From the Sensex pack, Asian Paints, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Adani Ports, HCL Technologies, Bharti Airtel, Infosys, Trent, Reliance Industries, UltraTech Cement, Sun Pharmaceuticals, Eternal, Titan and Bajaj Finance were the gainers. On the other hand, Tata Steel, Tata Motors Passenger Vehicles, Tata Motors Commercial Vehicles, Bharat Electronics, Kotak Mahindra Bank and PowerGrid were the laggards.
It will focus on sourcing 800 Mw for BEST and 477 Mw for its own distribution system from April '10. Sources said TPC on Thursday officially wrote a letter on the issue to R-Infra, informing them that it would support the ADA group company till March next year in the interest of Mumbai's consumers, and help R-Infra find alternative arrangements. While a Tata Power spokesperson declined to comment, an R-Infra spokesperson expressed surprise over the decision.
'Only four or five original companies remain; the rest have been replaced every decade as sectors evolve or leadership shifts.' 'Companies that fail to adapt -- like many textile mills from the 1970s and shipping firms from the 1980s -- disappear.' 'Benchmark indices reward those who reinvent themselves in line with economic demands.'
Tata Power was one of the bidders for the 4,000-Mw Sasan UMPP in Madhya Pradesh, finally bagged by Reliance Power. Tata Power says the permission granted for diversion of coal from the Sasan project's captive mines was a substantial deviation from the bid conditions and affected the economics of the project. It approached the Delhi High Court challenging this diversion and sought re-tendering for the UMPP so that the bidders could factor in the benefits of this diversion.
Tata Power Company Ltd has informed BSE that the company has on Friday signed a subscription agreement with Power Trading Corporation of India Ltd to acquire upto 10 million equity shares of Rs 10 each.
The Tata Harrier.ev is a car that makes you feel safe and powerful within a luxurious cocoon, raves Rajesh Karkera/Rediff after a gruelling test drive.
From the Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics, were among the major laggards. However, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra, and State Bank of India were the gainers.
Tata Power declared encouraging results for the April-June quarter (Q1) of the 2023-23 financial year (FY24). The firm's revenue rose 5 per cent year-on-year (Y-o-Y) to Rs 15,210 crore. It was driven by higher sales to distribution companies (discoms) and capacity addition in renewables. Company's adjusted profit after tax (PAT) rose 3 per cent to Rs 906 crore with reported PAT at Rs 1,100 crore on a one-time gain of Rs 235 crore.
Companies with "gas guzzlers" are trying to set up the wrong narrative against small cars getting relaxation in the proposed corporate average fuel efficiency (CAFE-III) norms on the basis of weight, Maruti Suzuki senior executive officer corporate affairs Rahul Bharti said on Monday, bringing to the fore deep division among carmakers regarding the upcoming rules.
'The DNA of Tata Consumer Products is all food and beverage.'
Among the Sensex firms, Infosys, HCL Technologies, Bajaj Finance, Asian Paints, Tata Motors Passenger Vehicles, Tata Consultancy Services, Bharti Airtel, Titan, Bajaj Finserv, Reliance Industries and Larsen & Toubro were the gainers. Trent Ltd, Eternal, Power Grid, UltraTech Cement, Mahindra & Mahindra, Axis Bank, State Bank of India, Adani Ports, Hindustan Unilever and NTPC were the laggards.
Tata Power Company, India's largest private power utility, has announced that it would not bid for imported coal-based Ultra Mega Power Projects in future, until the overall policy environment becomes favourable. The company plans to increase its installed power generation capacity to 8,000 Mw by 2012 and 12,000 Mw by 2014 from the current 2,700 Mw.
Tata Power has paid its Chairman Ratan Tata a total remuneration of Rs 68.4 lakh in the last fiscal, marking an increase of about Rs 6 lakh from the previous year.
Tata Power, one of the power suppliers in Mumbai, has offered to take over the distribution business of Reliance Infrastructure - a development that comes on the heels of a power purchase dispute between the two.
Delhi Capitals' head coach Hemang Badani said they want to move towards a younger and more aggressive option aligned with the team's style of play.
Hughes Tele.com India Ltd said it is evaluating a plan to use broadband network of The Tata Power Company Ltd. No decision has, however, been taken.
After a record-breaking year, India's automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.
Tata Harrier.ev versus Mahindra BE.06 versus Mahindra XEV.9E -- which one should you buy? Rajesh Karkera offers a checklist of features to influence your decision.
The XEV 9S is poised to disrupt the market, specifically with its entry-level variant called the 'Pack One Above', which offers a level of equipment rarely seen in base models, writes Rajesh Karkera/Rediff.com.
Hearing the petition by Tata Power against a decision of the Empowered Group of Ministers to allow use of coal from the captive mines for Sasan Ultra Mega Power Project to other projects, the Court did not give a stay and fixed the next date for hearing on February 24.
This surcharge is to be levied on high-end commercial and industrial consumers of Mumbai's suburbs.
Reliance Energy Ltd and Tata Power Company are eyeing an equity stake in an Indonesian coal firm -- Bumi Resources -- to meet fuel requirements for their power plants in India.
Tata Power is evaluating opportunities to make another overseas acquisition of a coal mine. A senior company management executive said the company was planning to zero in on smaller mines. Prasad Menon, managing director, Tata Power, said: "We are evaluating various opportunities."
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