The steel plant is planned to set up in the Alton North light industrial area of Richards Bay, situated about 150 km north of Durban.
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
Tata Group supremo Ratan Tata on Wednesday blamed competitors for "fueling" fire in the controversy over the proposed Rs 1-lakh car project at Singur in West Bengal, but resolved not to pull out of the state.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
The idea is to create a start-up-like activity with a small business unit.
The construction of the Ram Temple complex in Ayodhya, including the main structure, is estimated to cost around Rs 1,100 crore and is expected to be completed in three-and-a-half years, said the treasurer of the trust overseeing the project on Monday.
In the next three years, Tata Power will invest anywhere between $150-200 million.
Ratan Tata says FIPB nod for Tata Sons' new airline with AirAsia reflects investor friendly policies of Indian government.
Partha Chatterjee said the Tatas have 'love for the people'.
Tata Consultancy Services is recruiting Team Members/ Team Leaders/ Project Leaders/ Project Managers for their Delivery/ Solution Centers.
Tata has moved up the ladder in a list of the world's most-valued brands.
Prime Minister Narendra Modi inaugurated the new Parliament building Sunday morning and installed the scared 'Sengol' in the Lok Sabha chamber, right next to the Speaker's chair, after performing a puja.
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
Tata Steel's domestic operations have been its cash cow.
Tata Motors plans to showcase over 20 passenger and commercial vehicles at the upcoming Delhi Auto Expo.
From the Sensex pack, Infosys tanked over 8 per cent after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5 per cent on delayed decision-making by clients amid global macro uncertainties. Hindustan Unilever, HCL Technologies, Wipro, and Tech Mahindra were the other major laggards. On the other hand, Larsen & Toubro rose the most by 3.88 per cent after it bagged an order of worth over Rs 7,000 crore from the bullet train project.
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
The land acquisition in Khargpur would start from December as Tata wants to start the project from January. Besides, Telcon, the state government has also completed the acquisition of land for Tata Metaliks project in Khargpur.
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
Promoters have not proved they mean well for the community.
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
Tata Realty and Infrastructure Ltd, a 100 per cent subsidiary of Tata Sons Ltd, will invest Rs 3,500 crore (Rs 35 billion) in setting up an information technology Special Economic Zone at Taramani, Chennai. The project will have both commercial and residential projects.
Sandipan Chakravortty, managing director, said the facility would have a capacity of half a million tonne, with construction to be completed within nine months of land being handed over to the company.
The C295 is known to be a superior aircraft used for tactical transport of up to 71 troops or 50 paratroopers, and for logistic operations to locations that are not accessible to current heavier aircraft.
Tata Motors is likely to have one more achievement to cheer about as it gets into the new financial year, when Thailand's Board of Investment (BoI) approves the company's proposal to make an eco-car. A BoI official in Bangkok told Business Standard that the internal approval meeting, scheduled for April 2, 2008, was likely to give its nod to India's third largest passenger car maker to manufacture the eco-car.
Within days of exiting from West Bengal, Tatas have decided to relocate their Rs 1 lakh-Nano car project in Gujarat, after scouting many sites including that Karnataka and Andhra Pradesh.
Last year it was the transfer of Nano project and this year it is the scrapping of the IT park. Bengal's pre-Puja economic scene turned gloomy once again this time with the West Bengal government deciding to give up the ambitious information technology township plan at Rajarhat in Greater Kolkata.
To commence work on two projects, add Rs 3,000 crore (Rs 30 billion) of business Tata Realty and Infrastructure (TRIL), a wholly-owned subsidiary of Tata Sons, is foraying into retail and hospitality segments through a new subsidiary, TRIL Hospitality Services.
NRI businessman Prasoon Mukherjee, chairman, Universal Success Enterprises, said that the West Bengal chief minister, Buddhadeb Bhattacharjee was briefed about the status of the projects in the state. Universal Success is also investing in the projects. The main projects were the housing project under Kolkata West International City, the chemical hub of NKID, the power project of Universal Success and the motorcycle project to be undertaken by Mahabharat Motors.
Godrej Properties Ltd has acquired legendary film actor, director and producer Raj Kapoor's bungalow at Chembur in Mumbai for around Rs 100 crore to develop a luxury housing project with a sales potential of Rs 500 crore. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor, the company said in a regulatory filing. When contacted, Godrej Properties executive chairman Pirojsha Godrej told PTI: "The total size of the land is around 1 acre.
Hitesh Harisinghani/Rediff.com captures glimpses from one of Mumbai's famous heritage buildings, the newly renovated David Sassoon Library and Reading Room.
Power Finance Corporation, the nodal agency for ultra mega power projects, has extended the last date for accepting bids for Krishnapatnam project to October 24, sources said. Essar Power, Sterlite Industries, Larsen and Toubro, D S Construction, Japan's Sumitomo Corp and CLP-GMR combine are other companies believed to be in the qualified bidders list.
At a time when the automobile industry is eyeing a market of 2 million cars by 2010, various automobile projects of industry majors, including Tata Motors and Mahindra and Mahindra, are running behind schedule.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
The gift from the Tata Trusts will allow Cornell to establish and expand partnerships with Indian scientists that build on its strength in applied agriculture research. The endowment will also be used to set up a scholarship fund to bring more Indian students, who may be discouraged by Cornell's price tag, to the university. The gift could eventually help support as many as 25 Indian undergraduate and graduate students at a time.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
The aim of the project is to produce power through clean environment technology.
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Tata Value Homes, a 100 per cent subsidiary of Tata Housing, on Monday launched its exclusive e-commerce platform to sell flats and is eyeing up to Rs 1,000 crore (Rs 10 billion) revenue by FY2015-16.
The gauge for the performance of informational technology (IT) stocks soared nearly 5 per cent-most in nearly three years-as growth worries eased following a robust order book posted by bellwether Tata Consultancy Services (TCS). The Nifty IT index rose 4.5 per cent to close at 30,945. This was the biggest single-day gain since September 14, 2020. Industry titan TCS' shares rose 5 per cent to Rs 3,509.
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