Tata Group
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Titan To Acquire Additional 27.1% Stake In CaratLane For Rs 4,621 Cr

Titan Company on Saturday has said that it will pay a total of Rs 4,621 crore for a further 27.1 per cent share in CaratLane. After the transaction is complete, Titan will own 98.28 per cent of the shares in CaratLane, a private firm that produces and sells jewellery. Titan made its initial investment in […]

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Brands Companies News

Tata Group To Establish EV Battery Factory In UK

In a major development, Tata Group has announced that it will establish a battery cell gigafactory in the UK. “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,” said N Chandrasekaran, Chairman of Tata Sons, adding that the Group is […]

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Tata-owned Air India Incurs Losses of Rs 7,000 Cr In FY23

Tata-owned Air India incurred losses amounting to around Rs 7,000 crore in FY23 due to impairments related to faulty aircraft and engines, as well as the low-cost airline AirAsia India. However, executives noted that the losses have decreased, and the carrier achieved positive EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) […]

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Apple Likely To Expand iPhone Production In India With Tata Group Deal

The Tata Group is reportedly nearing an agreement to acquire Wistron’s factory in Karnataka, India, according to the news agency Bloomberg. This acquisition would mark the entry of India’s largest conglomerate into the assembly of iPhones, becoming the first local company to do so. The Wistron factory, valued at over USD 600 million, currently employs […]

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Companies News

Air India Orders 470 Aircraft From Airbus, Boeing In $70 Bn Deal

Air India, a Tata Group-owned global airline, on Tuesday signed purchase agreements to acquire 470 aircraft from Airbus and Boeing, going one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year. The purchase agreements were signed on the sidelines of the ongoing Paris […]

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Air India’s Mega Deal To Create Job Opportunities: Thales India head

TTRata Group’s Air India having ordered 470 odd planes from Boeing and Airbus will have a positive impact on job opportunities in India, both directly and indirectly, according to Ashish Saraf, Vice President and Country Head at Thales India. Saraf emphasised that this would provide Thales India with an advantage, enabling them to offer their […]

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Tata Group, CaratLane In Valuation Battle, Deadlock Could Impact IPO Plans

The Tata Group and the founders of CaratLane have been unable to agree on the valuation of the founders’ remaining stake in the company. This has led to a prolonged deadlock, which has now reached the attention of N Chandrasekaran, Chairman of Tata Sons, who is reportedly trying to find a swift resolution to the […]

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Brands Companies Electronics Manufacturing News

Wistron To Exit India, Sell iPhone Assembly Plant To Tata Group

Wistron is shutting is iPhone assembly in Kolar, Karnataka and is in the process of selling the facility to Tata Group. The company is one of three global contract manufacturers to start assembling iPhones in India in 2017. But a leading media house said that Wistron’s struggle with component manufacturing and vendor-managed inventory holding was […]

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Tata Group To Be Apple’s 4th IPhone Contract Manufacturer In India: Reports

Tata Group will be Apple’s fourth iPhone contract manufacturer in India after the acquisition of Wistron Corp’s factory in Bengaluru, according to a TrendForce report. The assembly orders by the cars-to-software conglomerate for various iPhone models is expected to be 5 per cent of total units in 2023. The company has reportedly received orders for […]

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Brands News

BigBasket Tests Large Format Offline Retail Model In Hyderabad

BigBasket, a Tata group-owned grocery unicorn, has started testing its large format supermarket mode in Hyderabad. Earlier the company began testing its offline retail model with tech-driven, self-serviced fruits and vegetables outlets in Bangalore last year. On Wednesday, the digital first startup opened its first full-fledged supermart in the country in Hyderabad’s IT corridor, with […]

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