Tag Archives: Tata

Tata Communication shelves plan to buy Tata Teleservices’ enterprise business

The government is a 26% stakeholder in TCL, earlier known as Videsh Sanchar Nigam Ltd. The Tata Group is believed to have dropped plans for group company Tata CommunicationsNSE -0.11 %, one of the largest telecommunications solutions providers in the world, to buy out sister concern Tata Teleservices’ enterprise business for now, people familiar with the matter have said. Top ... Read More »

Stock market update: Hindalco, Tata Steel boost metal pack

Tata Steel, Reliance Industries, Bajaj Auto, ONGC, Vedanta and Larsen & Toubro climbed over 2 per cent in the Sensex index.  NEW DELHI: Gains in Hindalco Industries (up 3.76 per cent), Nalco (up 2.82 per cent), Jindal Steel & Power (up 2.76 per cent) and Tata Steel (up 2.71 per cent) gave a boost to BSE Metal index during afternoon ... Read More »

Tata Motors: Domestic business revs up, JLR hits a speed breaker

Tata Motors’ domestic business performed better than market expectations in the March quarter. That is music to the ears of shareholders who had been patiently awaiting for the turnaround. However, the joy has been tempered by the subdued performance at Jaguar & Land Rover (JLR). In the near future, JLR is expected to face headwinds from rapidly evolving automotive technology ... Read More »

Closing Bell: Sensex down 301 pts, Nifty below 10,600; ICICI Bank, L&T, Tata Motors dip 3%

[email protected]: Indices end in red for fourth straight session Benchmark indices ended sharply lower, continuing weakness for the fourth consecutive session amid uncertainty over government formation in Karnataka, likely fiscal imbalance due to higher crude oil prices and weaker rupee. May 18, 05:21 PM (IST) Podcast | Sensex cracks 300 points ahead of Karnataka floor test; Nifty below 10,600 The ... Read More »

Tata Steel announces successful $1.3 bn dual tranche bond offering

Tata Steel said on Friday its wholly own subsidiary incorporated in Singapore, Abja Investment Co Pte Ltd, has successfully issued dual tranche of $1.3 billion of unsecured bonds in the international markets. The issue comprises $300 million 4.45% unsecured bonds due on July 24, 2023 and $1 billion 5.45% unsecured bonds due on January 24, 2028. “The transaction was launched ... Read More »

Tata Group in talks to acquire Bharti Airtel’s DTH business: Sources

After merging their consumer mobile operations, Tata Group and Bharti Enterprises are now reportedly in talks to merge their DTH (direct to home) businesses. The two companies are also exploring other options like merging Airtel DTH business with Tata Sky. The talks have entered due diligence stage and would take at least a couple of months before being finalised. If ... Read More »

Tata Steel UK workers accept cuts to pension benefits

Tata Steel’s (TISC.NS) British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian company’s plan to spin off its entire UK pension scheme still faces regulatory hurdles. Wednesday’s vote allows Britain’s largest steelmaker to close its 15 billion pound British Steel Pension Scheme (BSPS) to future accrual and replace ... Read More »

Tata tries to oust Cyrus Mistry from subsidiaries

The bitter feud at the top of India’s giant Tata industrial empire is continuing in full spate. Tata Sons, the holding company, is now trying to force out its former chairman, Cyrus Mistry, from all parts of its vast business. It is trying to remove him from the boards of several subsidiaries such as Tata Motors, Tata Chemicals, and Tata ... Read More »

Tata Steel may close UK pension scheme – union source

Tata Steel UK is looking at closing its defined benefit pension scheme to future accruals and move members onto a defined contribution pension instead, a union source said on Wednesday. Britain’s largest steelmaker is seeking a way to lessen the British Steel Pensions Scheme’s deficit, which is one of the main stumbling blocks in talks to merge Tata Steel’s European ... Read More »

Scunthorpe sale costs hit Tata Steel

Costs related to the sale of its Scunthorpe operations pushed Tata Steel into the red for its first quarter. The Indian company lost 32.9bn rupees (£370m) when it sold its European long products division, based in North Lincolnshire, to Greybull Capital in April for a nominal sum. Tata Steel made a net loss of 31.8bn rupees (£358m) for the three ... Read More »