Tata Group

TCS disclosed its intention to reflect the remaining provision of around $125 million in its financial statements as an exceptional item for the third quarter and the nine months ending on December 31, 2023.

The company also disclosed that it has successfully resolved the tariff issue affecting its hydro power plant in Zambia and has received a portion of the outstanding dues, amounting to $102 million, from the Zambia Electricity Supply Corporation.

In a regulatory filing, Tata Consumer Products said for the quarter ended September 30, 2023, its standalone operational revenue stood at Rs 2,359.59 crore (Q2FY23 Rs 2,130.78 crore) and net profit of Rs 267.79 crore (Rs.229.52 crore).

According to an announcement issued on Tuesday, Uppal, who is currently the Head of Operations at Air Asia India, will assume the role of Head of Flight Operations (Designate) at Air India Limited with immediate effect. "In his new role, he will be reporting to the Chief of Operations, Capt. R S Sandhu," the statement said.