Tata Housing, a unit of Tata Sons, is advancing its plans to build 15,000 low-cost dwelling units by two years. Besides, it should add 300 more houses in its Mumbai project to take the advantage of demand for such homes, a top company official said.Tata Housing had earlier planned to develop 1,000 houses under the brand 'Shubh Griha' in Bhoisar, a distant suburb of Mumbai, priced at Rs 3.9-6.7 lakh.
Tata Motors, which suspended work at the Nano plant in West Bengal's Singur in view of continued confrontation at the site early this month, has held talks with Gujarat Chief Minister Narendra Modi over relocating the facility to the state.
Reliance Infrastructure's 4,000-MW power project at Shahpur in Raigad district is facing legal hurdles on environmental ground
Tatas' drive into Sanand area for their Nano project has given a major fillip to Mumbai-based real estate major K Raheja Corp to set up its support infrastructure projects in the area.
With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry. The fourth quarter, January-March, is considered soft, and will continue to see the headwinds the sector has been facing. And the sector has entered the new financial year on a weak footing. Analysts are expecting Tier-I firms to report sequential growth of -1 per cent to 1.5 per cent and midcap players' growth may range between 0.7 per cent and 4 per cent.
In an open letter to the people of West Bengal, Ratan Tata said the citizens should decide whether they wanted education and jobs in the industrial and hi-tech sectors or 'want to stay as they are.' The letter said, 'The people of West Bengal, particularly the younger citizens, will need to express their views and aspirations as to what they would like to see West Bengal become in the years ahead.'
Govt has already approached World Bank seeking termination of contract. The progress of the project was just 20 per cent though the contract was awarded in 2016.
The company's planned capex for 2019-2020, which was Rs 12,000 crore, has now been revised down to around Rs 8,000 crore.
Tata group chairman Ratan Tata on Tuesday virtually ruled out any investment in Singur and said the company would gladly return the land if compensated.
New products being designed mainly for auto, oil & gas sectors; firm is raising Kalinganagar plant capacity from three mtpa to eight mtpa
The Tata group's investments in setting up a global institute like the cancer hospital and the Tata Motors project would be the forums for other investments in the state, said Tata.
The new Bengal government is not ready to give over even half the required land.
In a bid to strengthen its footprint in the country's property market, Tata Housing Development Company plans to develop 200 lakh sq ft area of worth $3 billion (over Rs 12,500 crore) in the next 4-5 years.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
The Indian Army, placing traditional weapons above high-technology, says that equipping the army's 800-plus combat units with a Battlefield Management System would cost an unaffordable Rs 500 billion to Rs 600 billion, reveals Ajai Shukla.
It is expected to be completed in around 22 months from the start of construction work. The new building will come up on plot number 118 of the Parliament House Estate.
Even as the Tatas face problems in acquisition of land for a car manufacturing plant at Singur in West Bengal, the Orissa government has asked the group to consider setting up an automobile plant in the state.
Terming Tata Motors Nano project as "very important for Bengal and industrialisation", CPI-M Politburo member Sitaram Yechuri was on Thursday hopeful that talks between the West Bengal government and Trinamool Congress on the issue would lead to a solution.
India's second largest IT services company Infosys on Thursday reported a 3.1 per cent year-on-year rise in net profit to Rs 6,215 crore for the September 2023 quarter. The earnings (before minority interest) of the Bengaluru-based company stood at Rs 6,026 crore in the year-ago period. The company - which competes in the IT services market with TCS, Wipro, HCL Technologies and others - saw its revenue rising 6.7 per cent to Rs 38,994 crore for the just-ended September quarter.
Adding to its list of Ford, Maruti, Hyundai, Toyota, Tata Steel now boasts of Nissan and Volkswagen as buyers of Tata Steel.
The watch has been designed by multiple Tata Group companies
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
Pranati Group of Industries is all set to enter infrastructure and housing projects in the country, backed by Rs 4000 crore (Rs 40 billion) funding from CRM International of the UK.
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
Tata Steel Ltd on Monday said it had signed an agreement with Australia-based AMCI Pty Ltd to acquire five per cent stake in Carborough Downs coal project.
Tata Housing to take up around 13 projects for constructing homes for the old.
Tata Ryerson, a 50:50 joint venture between Tata Steel and US-based Ryerson Inc, is investing Rs 120 crore (Rs 1.2 billion) for the Tata Motors' small car project at Singur.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Ratan TataTata Group Chairman Ratan Tata has asked all group companies to do a reality check in view of the economic slowdown, expected to continue in the New Year.
Stung by Ratan Tata's accusation that competitors were fuelling the controversy over Tata Motors' car project at Singur in West Bengal, Maruti dared Tatas on Wednesday to name the competitor.
India's corporate sector is likely to report a slowdown in revenue growth and earnings for the July-September 2023 period (Q2FY24), according to earnings estimates by brokerages, after the country's top listed companies posted higher than expected profits for the first quarter. The combined net profit of Nifty50 companies, based on brokerage estimates, is expected to have grown by 19.6 per cent year-on-year (Y-o-Y) to Rs 1.75 trillion in Q2FY24 - a sharp deceleration from 37.6 per cent Y-o-Y growth in the combined earnings of index companies in the April-June 2023 period. According to estimates, the combined earnings in the second quarter would be down 8.8 per cent on a quarter-on-quarter (Q-o-Q) basis and the lowest in the past three quarters.
By 2025, Uber projects that 25,000-30,000 cars -- or 12 to 16 per cent of vehicle additions -- would be EVs, reports Surajeet Das Gupta.
