The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. The near-term trigger has been the robust operational performance in Q2.
Its full-service plans with the Tata JV might counter modest profits and competition from all quarters.
India's largest IT services firm TCS on Thursday reported a 4.99 per cent increase in its September quarter net profit at Rs 11,909 crore. The Tata Group company had reported a net profit of Rs 11,342 crore in the year-ago period, while in the preceding quarter, it had a post tax net of Rs 12,040 crore, a company filing said.
Construction major Shapoorji Pallonji & Co will set up a real estate fund in the next one year. The fund will focus on investments in the domestic market, according to Shapoor Mistry, chairman of Eureka Forbes, a part of the Shapoorji Pallonji group.
Aditya Birla Group has announced its foray into the branded jewellery space with an investment of around Rs 5,000 crore and will battle it out with Titan's Tanishq and Reliance Industries- Reliance Jewel. The business will be housed in a new venture, "Novel Jewel", and will open large-format exclusive stores across the country with its in-house jewellery brands, the company said in its release. "The new venture will seek to transform customer experience by creating an aspirational national brand with unique designs and a strong regional flavour.
The Tatas will continue its association with Advinus Therapeutics, the drug discovery start-up company based in Bangalore, and is committed to further invest in the company, said R Gopalakrishnan, chairman of Advinus and executive director, Tata Sons
The Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, approved the proposal at its meeting in New Delhi.
'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
Corporate giant Tatas announced on Wednesday that it would explore investment opportunities in Pakistan in areas like automobiles, hotels and software, saying a synergy between the neighbouring countries would be beneficial for the region.\n\n
The exclusive club that dominates the global semiconductor fab scenario is about to get a new member. Taiwan, South Korea, and China control nearly 70 per cent of the global capacity. SEMI, the global industry body for semiconductor and electronics design and manufacturing, projects all fabs collectively will churn out 30 million wafers a month this year.
Tata and Singapore's Briley Group are planning a business jet JV based on the fractional ownership model.
The Tata group has decided to set up a mega steel plant in the naxal infested Bastar region of Chhattisgarh with an investment of about Rs 5000 crore (Rs 50 billion).
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday. In a report titled 'Adani Group: Deeply Overleveraged', CreditSights said, "In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a massive debt trap, and possibly culminate into a distressed situation or default of one or more group companies." Starting out as a commodities trader in the late 1980s, the Adani group has diversified from mines, ports and power plants into airports, data centers and defence.
The investments are expected to happen in the Delhi-Mumbai Industrial corridor.
The project is critical as the region expects huge investments in the automotive, renewable energy, and space sectors.
Hatoyama is the first Japanese PM to visit India in 25 years.
The issue will now have to be resolved through arbitration.
The industry is hoping the Tatas deepen their dive and offer two stable airlines -- a Vistara merged into Air India servicing the international routes, and an AirAsia India merged with Air India Express that competes with the low fare airlines in India and offers destinations within five hours, says Anjuli Bhargava.
Bangladesh has ruled out any immediate decision on the proposed $2.5 billion investment by Tata Group, saying it was yet to get a clear picture on the country's gas reserve to guarantee supply to the Indian conglomerate.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
'The competition between the two is definitely going to be of great interest to the Indian market.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Tesla needs to either sell the same models with reduced features to lower the cost for Indian market, or incur losses.
Tata Group chairman Ratan Tata's dream is to see cars run on water and he has invested $15 million in a start-up firm supporting research in the field, an eminent scientist said.
India's Tata group, which plans to invest $2 billion in Bangladesh, wants to explore coal as a source of energy for its proposed steel and power plants in the country.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Revenue from China contributed no more than 3 to 4 per cent to the company's total revenue in the latest fiscal.
But the Tata Group is an established and growing brand in Australia, affirm top local managers.
Most global as well as domestic brokerages are upbeat on India's largest IT services provider, Tata Consultancy Services (TCS), despite its performance during the December quarter of FY25, when it missed Street estimates. On the bourses, the TCS share price rallied as much as 6.44 per cent to hit an intraday high of Rs 4,296.80 apiece, before settling 5.67 per cent higher at Rs 4,265.55.
