Mumbai: Edgy over Shapoorji Pallonji (SP) Group’s plans to roll over pledged Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
Mumbai: Tata Sons, the holding company of Tata Consultancy Services (TCS), plans to sell 23.4 million shares in India’s largest software services exporter for at least ₹9,300 crore on Tuesday, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company’s … Read more
Sandip Sabharwal, asksandipsabharwal.com, says all the large group stocks have already done quite well. Look at the Tatas, the Mahindra Group, Adanis or Reliance. It is tough to pick out a group at this stage. The main thing is that if the economy can sustain 7-8% growth over the next few years, my guess is … Read more
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says “there is a strong speculation that Tata Sons will get listed in the near future and the best way to play that will be probably through Tata Chemicals; that is the conventional thinking in the market and that led to this kind of massive rise in the share … Read more
Tata Group’s Tata Capital Ltd is restructuring its operations and expanding its board as part of the Group’s plan to take the non-bank lender public, according to the report. “The Tata group is targeting an IPO for Tata Capital in 2025. The board has been expanded, and mergers of some of the group firms under … Read more
Tata Group’s ecommerce flagship Tata Digital is increasing its authorised share capital from Rs 15,000 crore to Rs 20,000 crore, as per a regulatory filing last week, setting the stage for fresh capital infusion by its parent Tata Sons. Tata Digital has already taken board approval in the last one month to receive investment of … Read more
Vistara Chief Executive Officer Leslie Thng expressed his delight at winning the two awards. (File) Tata-owned full-service carrier Vistara has bagged the award for Best Airline in India & Southern Asia at the 2021 World Airline Awards. The 2021 World Airline Awards was based on surveys of over 13 million flyers between September 2019 and … Read more
While some brands came out to support the nation or the government with financial aid, some brands offered services free of cost to ensure resource availability. Starting April mid-week in 2021, the second wave of COVID-19 invaded India, and its effect was much graver this time. Mutated versions of COVID and low medical supplies to … Read more
The test makes use of an indigenous, “cutting-edge” CRISPR technology COVID-19 testing: Tata CRISPR low-cost COVID-19 test’s commercial launch approved! The Drugs Controller General of India (DCGI) on Saturday approved ‘Feluda’, the Tata Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) test powered by the CSIR-IGIB, for commercial launch, Union Ministry of Science and Technology’s CSIR … Read more