"The chief minister has written to Tata requesting him to restart work at the Nano plant at Singur," Industry Minister Nirupam Sen told reporters in Kolkata. In his letter, Bhattacharjee promised to extend all help and cooperation to the Tatas. On speculation that the Tatas might shift their project from the state, Sen said the company had not yet taken the decision.
Ahmedabad-based Adani Group is said to be the frontrunner to buy out both Tata Steel and Larsen & Toubro's stake in Dhamra.
Tata Motors has more than doubled its investment plans for the small car project in Singur in West Bengal.
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
The Street shrugged off a muted first quarter of financial year 2023-24 (Q1FY24) and a cautious near-term outlook by India's largest information technology (IT) services company, Tata Consultancy Services (TCS). The stock was the top Nifty50 and Sensex gainer on Thursday, rising 2.5 per cent, as investors took comfort from a robust order book and an encouraging pipeline. Like its larger peer, HCL Technologies' (HCL Tech), too fell short of the Street's expectations on the revenue and margin fronts given cuts in discretionary expenditure.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam in Andhra Pradesh, will be awarded the contract in a few days, Power Minister Sushilkumar Shinde said on Tuesday.
The Tatas maybe facing an uphill task getting their small car project in Singur started, but the group's ambitious special economic zone at Gopalpur in Orissa is soon set for launch sans any land acquisition problems.
Tata Steel would make a bid for buying the Indian iron ore assets of one of Britain's largest independent steel trading companies Stemcor.
The legislation revokes the original lease agreement signed between Tata Motors, the country's biggest automobile maker, and the West Bengal Industrial Development Corporation.
''The meeting between the state government and the Tata Motors officials will be held on September 28,'' Chief Secretary Amit Kiran Deb told reporters at the state secretariat. The meeting will take place amidst speculation that Tata Motors is preparing to pull out from Singur due to continued agitation by Trinamool Congress-led opposition demanding return of 400 acres of land to 'unwilling' farmers.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
While the West Bengal government is still grappling with the political opposition even after announcing a rehabilitation package to the land losers of Tata Motors' project in Singur
After creating a flutter with the world's cheapest car, the Nano, Tata Motors will contribute structural components to one of Boeing's most ambitious projects, the 787 Dreamliner.
With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.
The government is close to approving a proposal by Micron Technology to set up an assembly, testing, marking and packaging (ATMP) facility in the country involving an investment of about $1 billion. The world's fifth largest semiconductor company, based in Idaho, USA, will use the facility to process some of its own wafers, manufactured across the globe.
Singapore Airline along with its Indian JV partner have got clearance from the aviation ministry.
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
The largest offered by the Uttaranchal government for the project included the excise and income tax holidays.
The sources further said that around five statues, including of Mahatma Gandhi and Bhim Rao Ambedkar, in the Parliament complex are also likely to be relocated temporarily due to the construction work and they will be reinstalled at prominent places within the new complex once the project is completed.
'It has been three years since the last Marathon so there is a tendency to go all out, but you got to ease back into it more gently.'
Residents of Singur in West Bengal's Hooghly district staged protests on Thursday when officials from Tata Motors came scouting for land to set up the manufacturing plant for the company's ambitious Rs 100,000-car project.
Tata had in the past blamed corporate rivals, without naming them, for putting a spanner in the Nano project leading to land acquisition problems in West Bengal. As a result, the project had to be shifted out of Bengal to Sanand in Gujarat. And this came at a cost. The project originally estimated at Rs 1,500 crore (Rs 15 billion) now costs over Rs 2,000 crore (Rs 20 billion).
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Among the Sensex stocks, Larsen & Toubro rose the most by 3.96 per cent after the company announced a major project win in the Middle East. HDFC, HDFC Bank, Sun Pharma, ITC, HUL, Titan, TCS, HCL Tech, Asian Paints, Bajaj Finance, Infosys and Tata Steel were among the major gainers.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
Mamata government initiates process to give land back to farmers.
Tata Steel's margins may remain under pressure in FY15.
The Tata Group is likely to sign a final agreement with Bangladesh's state-run Board of Investment for its proposed two billion dollar investment in the country soon, a media report said on Monday.
Oberoi Relaty expect 20-25 per cent premium for tis residential project.
Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.
The test - called the Truenat Beta CoV test - effectively enables same-day testing, reporting, and patient isolation initiation.
Tata Group Chairman Ratan Tata arrived in Dhaka on Wednesday on a three-day visit during which he will hold discussions with the government about his $2 billion investment plans in Bangladesh.
African joint venture Cennergi, formed six months earlier, already executing projects
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
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