From Trent to Titan: Noel Tata’s journey to the top of Tata Trust
Noel Tata, born to Naval Tata and Simone Tata, has been a key figure in the Tata Group for many years. He holds several senior positions within the conglomerate. Key Points
India TodayRatan Tata’s legacy: Revolutionising cancer care in India, one hospital at a time
The Tata Group's foray into healthcare began in 1941 with the establishment of the Tata Memorial Hospital in Mumbai. This was no ordinary hospital; it was a sanctuary of care for all, regardless of their background. Key Points
India Today'A personal loss, extraordinary legacy, giant': President Murmu, Mukesh Ambani, Gautam Adani, Sundar Pichai pay tribute to Ratan Tata
Mukesh Ambani of Reliance Industries called Tata's passing a "personal loss," adding, “Each of my numerous interactions with him left me inspired and energized. Ratan, you will always remain in my heart. Om Shanti.” Key Points
Business Today'An extraordinary human being’: PM Modi leads nation's mourning for Ratan Tata
Tata, 86, passed away on Wednesday night after being admitted to Mumbai’s Breach Candy Hospital earlier in the week. Despite a statement released on October 7 in which he assured the public he was in “good spirits” and undergoing routine medical investigations, his condition turned critical by midweek. Key Points
Business Today'A mentor, guide, and friend': N Chandrasekaran calls Ratan Tata 'an uncommon leader'
“It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata. His immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” Chandrasekaran said in a late-night statement, capturing the weight of the moment. Key Points
Business Today
Ratan Tata passes away: A giant departs, India left in grief
Ratan Tata Dies at 86, led the conglomerate for over two decades and served as the chairman of Tata Sons from 1991 to 2012. He was admitted to a hospital on Monday. Key Points
Business TodayMarkets rebound in early trade on rally in global equities, foreign fund inflows
Buying in IT stocks also adds to the positive trend in equities. Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets... Key Points
The Tribune IndiaTata Motors sees 3-fold jump in net profit at Rs 17,528 crore in Q4
Announces dividend of Rs 6 per share for FY24. Tata Motors on Friday reported over three-fold jump in consolidated net profit at Rs 17,528.59 crore in the... Key Points
The Tribune IndiaWhy Tata Motors should worry about Chinese EV makers like BYD and Xiaomi, not Tesla
India's EV policy invites Tesla with reduced customs duty, sparking competition with Tata Motors. BYD eyes 90% market share. Mahindra's XUV400 competes. Xiaomi's SU7 threatens Indian EV players, priced competitively at Rs 25 lakh. Key Points
Economic TimesTata boom! Love-all-things-Tata portfolio soars by over Rs 9 lakh crore in FY24
On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings. Key Points
Economic Times
Tata... Hello! Group back at D-Street, plans to launch several IPOs in 2-3 years
Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others. Key Points
Economic TimesStar Sports joins hands with Tata Play & Airtel Digital TV to elevate your IPL viewing experience
Star Sports Network enhances Tata IPL 2024 fan experience with 4K VAS, R.E.D. features, and Star Cam. Partnerships with Tata Play and Airtel Digital TV provide immersive viewing, setting new standards in sports entertainment. Key Points
Economic TimesStocks in news: Infosys, Wipro, Tata Chemicals, Prestige Estates, Tata Communications
Prestige Group announced its latest acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR. This strategic acquisition marks a significant milestone for Prestige Group as it expands its footprint in the dynamic real estate market of NCR. Key Points
Economic TimesTata Sons confirms selling 2.34 crore shares of TCS in block deal
Following the stake sale, Tata Sons' stake in TCS has fallen to 71.74% from 72.38% earlier. The impact of the large block deal has been negative on the stock as it fell 4% on Tuesday and is now down about 7% from Monday's high. The Tata Group has not officially commented on the rationale behind the stake sale, which is small in percentage equity terms but large in size. Key Points
Economic TimesTata’s money spinner TCS needs to show its AI cards
Keeping Tata Sons private by retiring debt with money raised from a TCS stake sale is the easy part. Group stakeholders need to know how TCS will fare in an AI-driven tech world. Key Points
mint
Why is Tata Sons milking Rs 9,000 crore from its biggest cash cow TCS? 4 possible reasons
Tata Sons leverages TCS stake sale amid a bull run to capitalize on good valuation and high market value. Strategic cashing out allows debt reduction and circumvention of IPO listing. Key Points
Economic TimesTCS share price down 3% after 2.2 crore shares change hands: Will it fall or recover?
TCS share price: Tata Sons has offered to sell 2.34 crore shares of the IT major at ₹4,001 per share through block deals to raise $1.1 billion. Key Points
Hindustan TimesTata Sons sells over 2 crore shares of TCS in Rs 9,000-crore block deal, stock down 3%
Tata Sons sold over 2 crore TCS shares in a block deal, causing a 3% price drop. The deal is likely worth Rs 9,000 crore. Tata Sons owned 72.38% stake in TCS. While there is no official clarification for the reason behind stake sale yet, it is being believed that the fundraising could be to pare debt and may even help the conglomerate avoid Tata Sons IPO. Key Points
Economic TimesTata Sons plans to sell Rs 9,300 crore slice of TCS
As of December 31, 2023, Tata Sons held a 72.38% stake in TCS. The stock slid 1.75% to ₹4,144.75 on the BSE Monday. TCS has a market capitalisation just north of ₹15 lakh crore - nearly half the total market value of all the Tata Group listed companies at ₹31.09 lakh crore. Key Points
Economic TimesTata Sons looks to sell Rs 9,000 crore TCS shares to reduce debt
India Business News: Tata Sons is aiming to raise around Rs 9,362 crore ($1.1 billion) by selling shares of its lucrative unit Tata Consultancy Services (TCS) on Tuesday. Key Points
Times Of India
Tata Sons to sell TCS shares worth up to $1.13 billion, term sheet shows
India Business News: Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Key Points
Times Of IndiaTata Sons to sell TCS shares worth Rs 9,000 crore. Is it to dodge the mega IPO?
In what could be part of a fundraising exercise to avoid the mega IPO of Tata Sons, the holding company of the Tata Group has offered to sell 2.34 crore shares of TCS in block deals. The total transaction could be worth about Rs 9,300 crore. The floor price of the block deal represents a discount of 3.6% from Monday's closing price. Key Points
Economic TimesIndia’s biggest stock winner this year has no analyst coverage
Tata Investment Corp. has soared 116% so far in 2024, the most among the Nifty 500 Index companies that represent more than 94% of Indias market capitalization. The stock has led a $58 billion rally in Tata Group companies since the start of the year. Key Points
Economic TimesTata Chemicals shares drop 10% amidst Tata Sons IPO uncertainty
India Business News: Shares of Tata Chemicals surged by 36% over four trading sessions but then dropped to the lower circuit limit of 10% at Rs 1,183.45 on the BSE on Monday. Key Points
Times Of IndiaTata Group stocks dip as Tata Sons IPO outlook dims; Tata Chemicals sees 10% drop
Last week's excitement surrounding the potential IPO of Tata Sons boosted sentiment among retail investors. Consequently, stocks of Tata Motors, Tata Chemicals, Tata Power, and Indian Hotels, all having ownership stakes in Tata Sons, experienced substantial rallies. Key Points
mint
These Tata stocks have fallen up to 10% today. Here's why
Tata stocks share price: In the last week, many Tata Group stocks surged up to 36 per cent. Tata Investment Corp stock fell to 5 per cent today. Key Points
Hindustan TimesTata Chemicals shares crash 10% after Tata Sons IPO buzz fizzles out
Shares of Tata Chemicals hit lower circuit as Tata Group tries to avoid Tata Sons IPO. Tata Investment Corporation joins after rally. Tata Sons explores restructuring options to avoid getting listed. Key Points
Economic TimesRs 85,000-crore rally in 4 days! How Tata stocks dominated the week
Altogether the combined market capitalisation of all 24 listed Tata stocks shot up by about Rs 85,000 crore to Rs 31.6 lakh crore, shows data pulled from ACE Equity. Key Points
Economic TimesTata Sons' net debt at eight-year low as cash reserves touch Rs 9,516 crore in FY24: Report
As per Capitaline data, Tata Sons' net debt was Rs 5,132 crore in 2015-16. But between March 2017 and March 2023, Tata Sons' net debt hovered above the Rs 14,700 mark. Key Points
Business TodayTata Sons trying to avoid IPO. Is it Ok Tata Bye Bye for multi-billion-dollar rally?
Speculations over Tata Sons IPO turned the fundamental growth story of Tata Group into a momentum play this week. Tata Chemicals led the upside with 36% gain in 4 days. The total market value of all 24 Tata stocks jumped by Rs 85,000 crore to Rs 31.6 lakh crore. The Tatas are now exploring options to avoid getting listed on stock exchanges. Key Points
Economic Times
Tata Sons charting new path to sidestep Dalal Street
Tata Sons net debt as of September last year was ₹15,200 crore, according to rating company Crisil. Tata Sons has substantial, stable income from group entities, including Tata Consultancy Services (TCS), through dividends and buybacks, which should be sufficient for meeting interest obligations and planned investments. Its cash equivalents were ₹2,000 crore. Key Points
Economic TimesTata stock zooms 34% in 3 days amid rising speculations over Tata Sons IPO
Among listed Tata Group companies, Tata Motors and Tata Chemicals own a 3% stake each in Tata Sons, whereas Tata Power owns a 2% stake and Indian Hotels owns 1% in the holding company. The market value of Tata Sons listed investments is around Rs 16 lakh crore. Key Points
Economic TimesMoody’s affirms 'Ba3' rating on Tata Motors with positive outlook post demerger move
The demerger is subject to shareholders and regulatory approvals, and the automaker expects to complete it within the next 12-15 months. The positive outlook on Tata Motors reflects Moody's view that the upgrade momentum on its ratings should continue with or without the proposed demerger. The rating agency expects all of the companys businesses to continue to deliver on their strategic growth priorities, while maintaining a balanced financial policy that focuses on achieving net-zero automotive debt by March 2025. Key Points
Economic TimesBuzz on Tata Sons IPO speculative; future seems dull for paints companies: Mahantesh Sabarad
Mahantesh Sabarad says: Asian Paints faces competition from Grasim and JSW Paints. The future does not seem to be very good for all the paint companies given all this competition that we are seeing because there is a limited market. It may be growing, but the growth available now for entrenched players will be limited. Key Points
Economic TimesTata Motors’ demerger is backed by a dual-lane strategy
It’ll unlock value by letting trucks take the slow lane while cars bet on fast-lane leadership at a key inflexion point of technology. It also proves conglomerate-sceptics wrong again. Key Points
mint
If Tata Sons brings out IPO, which listed Tata stock will gain the most?
The m-cap of Tata Sons' listed investments is estimated at Rs 16 lakh crore and the market value of unlisted investments can be worth Rs 1-2 lakh crore given the group's foray into semiconductors and EV batteries. Dorabji Tata Trust (28%) and Ratan Tata Trust (24%) own the majority of Tata Sons. Key Points
Economic TimesTata Motors' board approves demerging CV, PV businesses into two separate listed companies
Tata Motors' board approved the demerger of its business into two entities: commercial vehicles and passenger vehicle business. This follows the earlier subsidiarization of PV and EV businesses. The move aims to empower businesses for higher growth, agility, and accountability. The demerger will be implemented through an NCLT scheme, requiring approvals from the board, shareholders, creditors, and regulators. Key Points
Economic TimesTatas' investments in new ventures to cross $120 billion in coming years
Long-term capital infusion approvals have already been secured by Tata Sons' board, officials revealed. The conglomerate had announced plans in the final quarter of 2022 to invest $90 billion in emerging industries by 2027, including mobile components, semiconductors, electric vehicles, batteries, renewable energy, and ecommerce. Key Points
Economic TimesTata's UK electric car battery plant to be in Bridgwater
Tata Group unveiled plans for a £4 billion battery factory in Bridgwater, UK, its first gigafactory outside India. Located at the Gravity Smart Campus in Somerset, the 40 GWh plant will be among Europe's largest battery-cell manufacturing sites. It is expected to create up to 4,000 green-tech jobs directly, with many more indirectly. The factory, set to start production in 2026, will initially supply batteries to Jaguar Land Rover and Tata Motors, contributing to Britain's shift towards electric mobility. Key Points
Economic TimesPaytm share tanks 10%, closes at Rs 380
New Delhi: Shares of One97 Communications, which owns the brand Paytm, tanked 10% on the exchanges on Tuesday after RBI ruled out any review of the... Key Points
The Tribune India
Tata Group’s market value now more than Pakistan’s economy: Report
Tata Group’s total market capitalisation stands at around $365 billion or over Rs 30 lakh crore. This is higher than Pakistan’s GDP, estimated by the IMF at around $341 billion. Key Points
India TodayAt $365 billion, Tata Group grows bigger in size than entire Pakistan economy
While India's GDP is 11 times bigger than that of Pakistan's economy, Tata Group's market value has outmuscled Pakistan's GDP. The market capitsalition of all listed Tata companies is now at $365 billion, beating Pakistan's GDP which has shrunk to $341 billion. The growth in Tata companies' market cap in last one year has been driven by Tata Motors, Trent, Titan, TCS, and Tata Power. This doesn't take into account unlisted companies worth a few billion dollars from India's largest business house. Key Points
Economic TimesWhy Tata wants Uber to speed up its super app Tata Neu
Tata Group's digital arm, Tata Digital, is in talks with Uber for a strategic partnership to address challenges in user growth and customer engagement. The collaboration aims to leverage Tata's super app, Tata Neu, and Uber's expertise to increase traffic and revenue in the e-commerce market. Key Points
Economic TimesTata group considering spinoff and listing of battery business Agratas Energy Storage Solutions
Tata Group is considering spinning off its battery business, Agratas Energy Storage Solutions Pvt, as an independent unit to raise funds and potentially go public in Mumbai. Agratas designs and makes batteries for the automobile and energy sectors, with factories in India and the UK. Key Points
Economic TimesReliance in talks to buy 30% Tata Play stake from Disney to strengthen television distribution & JioCinema
Reliance Industries is reportedly in talks to acquire a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney. The potential deal would strengthen Reliance's presence in India's television distribution sector and expand the reach of its streaming platform, JioCinema. Tata Play, owned by Tata Sons and Temasek, faces competition from Netflix, Hotstar, JioCinema, and Amazon Prime. Key Points
Economic Times
Mukesh Ambani and Tata Group mulling a joint venture? Here's what is cooking
Mukesh Ambani-owned Reliance Industries is reportedly in talks for a stake in Tata Play from the Walt Disney Company. If talks go through, it will be first time Tata group and Reliance have partnered in a joint venture. Key Points
Business TodayTata Digital explores operational integration
Additionally, Tata Digital plans to consolidate its various standalone apps such as BigBasket, 1mg, and Tata Cliq, under the Tata Neu app to increase consumer engagement, boost Tata Neu app utilisation, and enhance operational efficiencies. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons. Key Points
Economic TimesTata Sons to invest $1 billion more in digital arm
Earlier this week, Tata Digital appointed Naveen Tahilyani, the former managing director of Tata AIA Life Insurance, as its CEO & MD. Tahilyani replaced Pratik Pal who had been holding the charge since the company's inception in 2019. Tata Sons has invested more than $2 billion in Neu so far and has board approvals for further capital infusion over a five-year period, the people said. Key Points
Economic TimesMagic of Tatas! India's largest conglomerate crosses Rs 30 lakh-crore milestone
TCS ended 4% higher on Tuesday as its market value crossed the Rs 15 lakh crore milestone for the first time. Both Tata Motors as well as Tata Steel are near their 52-week peaks, while another Nifty stock Titan is up 23% in 6 months. Key Points
Economic TimesTata, Pegatron in partnership talks for iPhone assembly in Tamil Nadu
Tata Group is in advanced talks with Pegatron to form a partnership for the iPhone assembly plant in Tamil Nadu. The plant will be Tata's second facility in India and the joint venture with Pegatron will help speed up manufacturing plans. Pegatron will provide technical and engineering support at the plant. Key Points
Economic Times
Tata Motors pips Maruti to be most valuable carmaker
India Business News: Tata Motors has overtaken Maruti Suzuki to become India's most valuable automobile company. With the success of electric vehicles and SUVs, as well as the performance of its subsidiary Jaguar Land Rover, Tata Motors has witnessed a turnaround in profitability. Discover how Tata Motors is capitalizing on the fast-growing Indian car market. Key Points
Times Of IndiaTaMo to start EV output at Sanand
Tata Motors plans to commence production of electric vehicles at the Sanand plant, acquired from Ford India, from April this year, as per a top company... Key Points
The Tribune IndiaTata Motors to hike EV prices. Here's when and by how much
Tata Motors, India's leading automobile manufacturer, plans to hike vehicle prices, including EVs, by 0.7 percent starting February 1, 2024, to offset rising input costs. The price increase will vary across models, with popular ones like Tiago, Nexon, Harrier, Safari, and the recently launched Punch EV being affected. Despite the price hike, Tata Motors has seen a commendable 9 percent growth in overall passenger vehicle sales, including electric vehicles, in the domestic market. Key Points
Economic TimesTata Motors to increase prices of its PVs from Feb 1
Tata Motors announces price hike across models, including Electric Vehicles (EVs), effective from February 1, 2024, to partially offset the rise in input costs. The company plans to increase prices by 0.7% on average. Earlier, Tata Motors had already announced a price hike for its commercial vehicle models to offset the residual impact of past input costs. Key Points
Economic TimesTata Steel to shut UK blast furnaces, 2,800 to lose jobs
Tata Steel on Friday said it will close its two blast furnaces in Britain by the end of this year, with the loss of up to 2,800 jobs at its Port Talbot... Key Points
The Tribune India
‘Gujarat is a very special place for us’: N Chandrasekaran as he reveals Tata Group’s expansion plan in the state
Vibrant Gujarat Summit 2024: N Chandrasekaran said that the group employs over 50,000 people in the state of Gujarat. "Recently we made significant commitments to expand our presence in the state of Gujarat," he said. Key Points
Business TodayTata Power to outperform the sector, says Antique Broking; raises target price on stock
Tata Power houses 4.3 GW of operational solar, wind, and hybrid assets. Tata Power plans to add 10 GW before FY27E. This will entail a capex of ₹600 billion. Key Points
mintTata Motors reshuffles key executives in passenger vehicle business
As part of the changes, Amit Kamat, general manager of the passenger vehicle business, has been elevated to chief commercial officer, TMPV. In his new role, he will oversee marketing, brand and customer experience for the fossil fuel-based business. All the operational heads directly responsible for these functions will report to him. Key Points
Economic TimesBrace for more disruption in 2024, says Tata boss N Chandrasekaran in year-end letter
Despite the challenges in the new year, Chandrasekaran, said India was well-positioned to gain from the transformative shifts reshaping the world. "In 2023, we performed exceptionally well. We demonstrated commendable leadership at a historic G20 summit. Our economy is thriving, with GDP set to double to USD 7 trillion over the next five years." Key Points
Business TodayStocks in news: PNB, Tata Steel, Aarti Drugs, Swan Energy
Tata Steel received a notice from Uttar Pradesh State Pollution Control Board, imposing an environmental damage compensation of Rs 6.75 lakh. Key Points
Economic Times
Tata group chief Chandrasekaran in new year message to employees talks about AI, Chandrayaan-3, and Rohit
In his New Year message to Tata Group employees, Chairman N. Chandrasekaran talks about leveraging technology, particularly AI, in 2024. HeReflecting on 2023, he celebrated the group's market capitalization growth, successful IPO of Tata Technologies, and initiatives like the Tata Transformation Prize for innovative research. Chandrasekaran drew spotlight on India's successful Chandrayaan-3 mission and Rohit Sharma-led Indian cricket team's World Cup journey, emphasizing the valuable lessons for Tata Group's transformation journey ahead. Key Points
Economic TimesRatan Tata's birthday today: A look at his wealth, charitable contributions
Ratan Tata, the Chairman emeritus of Tata Sons, celebrated his 86th birthday on December 28, 2023. He is recognized for his successful business career, philanthropy, and commitment to social good. Key Points
mintRatan Tata turns 86 years old today! Here are 10 famous quotes by India's most humble business tycoon
Business tycoon Ratan Tata turns 86 today. Known for his philanthropic activities, he has been awarded two of India's highest civilian awards. Key Points
mintAs FII flows move to India, which underperformers will make a comeback? Sanjiv Bhasin answers
Sanjiv Bhasin says: “In capital goods basket, we have a basket of ABB, L&T and Cummins. Siemens was our top pick sometime back but it has gone way beyond the price performance. There was uncertainty due to lack of clarity. I think they are trying to come to that. ” Key Points
Economic TimesTata Motors expects passenger car sales to beat all records next year
Unlike rivals which introduced new models in last two years that drove sales, Tata Motors relied on introduction of new powertrains like CNG and electric, and special edition models. The Punch small SUV, launched in August 2021, was the last brand to be added to PV portfolio. Even mid-cycle model refreshes kicked in only at the fag end of the year with the facelifts of the Nexon, Nexon.ev, Harrier and Safari. The new Nexon and Nexon.ev, launched recently have got combined bookings in excess of 100,000 units - 85,000 for the fossil fuel version and rest for the electrified one, said Chandra. Key Points
Economic Times