Tata Group
TCS Market Capitalization Surpasses Rs 15 Lakh Crore Milestone
The rally in TCS contributed to the overall gains in the IT sector, with stocks like HCL Tech, Wipro, and Infosys also seeing notable increases. HCL Tech rose by 4%, while Wipro and Infosys climbed more than 3% and 2%, respectively.
TCPL Announces Acquisition of Capital Foods and Organic India; Joint Valuation Reaches Rs 7,000 Crores
TCPL, a Tata Group company, will acquire 100% equity shares of Capital Foods, known for brands like Ching’s Secret and Smith & Jones, at an enterprise valuation of Rs 5,100 crore.
Infosys Drives Sensex: Stock Soars 7%, Fueling a Gain of Over 600 Points
Tech Mahindra (NS:TEML) witnessed a gain of over 4%, Wipro (NS:WIPR) also saw an increase of more than 4%, and TCS (NS:TCS) recorded a rise of over 3%. The BSE Sensex reflected this upward trend, trading up 631 points at 72,352.
Tata Reportedly Plans to Construct New iPhone Factory in Tamil Nadu, Aims to Employ 50,000 Workers
The proposed Hosur facility is expected to exceed the scale of Tata's existing Wistron-acquired unit, which currently employs over 10,000 individuals. Simultaneously, Apple aims to manufacture over 50 million iPhones annually in India, part of its strategy to reduce production dependence on China, as reported by the Wall Street Journal, citing sources familiar with the matter.
Indian economy will double in 10 years: Tata Chemicals CEO
Addressing the 50th National Management Convention organised by All India Management Association (AIMA), he said that if India can build capacity in new economic areas, its GDP will double in a decade.
Not in negotiations to acquire Haldiram’s: Tata Consumer
In a clarification, Tata Consumer said it is not in negotiations with the Halidram’s as reported in media reports.
Will the Aug 29 Tata Sons' AGM provide pointers to Maya Tata's future role?
It is understood that Maya Tata who has been brought on board as a board member of the Tata Medical Centre Trust, along with her siblings, Leah and Neville, is being shown the ropes by Ratan Tata. It is not known how this will play out in the future for the exact contours are a matter of conjecture currently. The August 29 AGM of Tata Sons may well provide a pointer in this regard.
BigBasket’s B2B arm Supermarket Grocery Supplies’ losses swell 21%: Report
The unit registered a turnover of Rs 2,261.3 crore for the fiscal year, The Economic Times reported. In FY22, Supermarket Grocery Supplies’ losses were Rs 177.9 crore at an operating revenue of Rs 1,707.2 crore.
Tata Motors Q1 PAT at Rs 3,300 crore, to rejig capital structure
The company’s Board also approved the simplification and consolidation of its capital structure. Tata Motors closed Q1FY24 with a total income of Rs 103,596.62 crore (against Q1FY23's Rs72,822.02 crore) and a net profit of Rs 3,300.65 crore (against a net loss of Rs.4,950.97 crore).
Tata Sons to build battery cell gigafactory in UK with investment of over 4 billion pounds
N. Chandrasekaran, Chairman, Tata Sons, said, "The Tata Group is deeply committed to a sustainable future across all of our business. Today, I am delighted to announce the Tata Group will be setting up one of Europe's largest battery cell manufacturing facilities in the UK.
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