Does VODAFONE IDEA have a FUTURE?

As Vodafone Idea unveils a new brand identity, the financial troubles facing the company has as thrown into question the very future of the Indian telecom operator. There has been speculation that American telco Verizon or online retail giant Amazon may infuse money into the operator, but such rumors have been quashed by the Indian […]

Voltas Beko to launch more items; Sanand plant starts output

Turkish durables player Arçelik and Tata Group’s Voltas have started operations at their first production facility in India at Sanand in Gujarat. The facility will be operated by Voltbek Home Appliances Pvt Ltd, the 50:50 joint venture between the two groups, and will gradually be scaled up to 2.5 million units of annual production by […]

After Tata Sons, TCS moves SC against NCLAT’s Cyrus Mistry order

A day after Tata Sons filed a plea in the Supreme Court against a decision by a statutory body restoring Cyrus Mistry as its chairman, subsidiary Tata Consultancy Services also filed an appeal seeking a stay on the reinstatement of Mistry as a director on the information technology company’s board. Tata Sons is the main […]

Tata Global Beverages to acquire branded business of Dhunseri Tea for 101 cr

Tata Global Beverages Ltd, a subsidiary of the multinational conglomerate Tata Group, said it entered into a non-binding agreement to acquire the branded tea business of the Kolkata-based Dhunseri Tea and Industries Ltd for Rs 101 crore. A non binding contract is an agreement in which the parties are not legally obligated to carry out […]

Tata company wins DoT license to provide in-flight connectivity

Air travelers in India will soon be able to enjoy Internet like they do on the ground, after Tatanet Services, a wholly owned subsidiary of NELCO Limited, won an in-flight, maritime connectivity licence from Department of Telecommunications. “The IFMC license will make it possible to have uninterrupted access to voice, data and video services while […]

Voltas to set up Rs 500 cr appliance complex in Tirupati

Voltas, India’s largest air-conditioner maker, said it will invest Rs 500 cr to set up a AC and appliance manufacturing complex in Tirupati. The plant will initially manufacture and assemble air conditioners and related cooling products, starting from the second half of next year. It will have a total capacity of more than 1 million […]

TCS to change campus hiring program from this year; make it ‘agile’

Tata Consultancy Services, the country’s largest private sector employer, said it plans to make some changes to its methodology used to hire fresh graduates from campuses from this year. Speaking to BTVI, HR head Ajoyendra Mukherjee said campus hiring for the next financial year (2019-20) will start in August or September. “More and more, even […]

Voltas, Ardutch to establish their durables plant in Sanand, Gujarat

Air conditioning company Voltas said Voltbek, its joint venture with Turkey’s Ardutch, will set up its first factory to produce refrigerators and washing machines in Sanand in Gujarat. The two companies had announced a joint venture agreement a year ago. “Voltbek has today laid ground to start construction of their first manufacturing facility, spread over […]

Tata Teleservices to merge mobile business with Bharti Airtel

Bharti Airtel Limited, India’s largest telecommunications services provider and Tata, India’s leading conglomerate, today announced that they have entered into an understanding to merge Consumer Mobile Businesses (CMB) of TTSL and TTML into Bharti Airtel. The move is likely to give Airtel access to sub-GHz spectrum for expanding its 4G network, while preventing Tata Teleservices […]

Tata Teleservices says all options on table; no final decision, denies reports

Tata Teleservices Maharashtra, the listed unit of TTSL, said it had not taken any “firm decision” on how to go forward, reacting to a news article in the Business Standard that said the company will shut down this month. Reacting to media reports, the company said it “continues to explore all options in respect of […]

Tata Capital sells Travel & Forex business to Thomas Cook

Thomas Cook, the travel services company, said it had purchased the forex business of Tata Capital, Tata Capital Forex, in its entirety. “We would like to inform you that the Board of Directors of the Company at their Meeting held on 25th September, 2017, approved the acquisition and signing of a definitive agreement with TATA […]

N Ganapathy Subramaniam appointed new TCS COO

Tata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating officer, and former chief financial officer Rajesh Gopinathan has been elevated to the position of CEO. Former CEO Chandrasekaran has […]

Tata Steel acquires Brahmani River Pellets at Rs 900 cr EV

Tata Steel Limited said that it has executed definitive agreements to acquire 100% equity shares of Brahmani River Pellets Limited (BRPL) from Aryan Mining and Trading Corpn Private Limited (AMTC) and other companies in the Moorgate Industries Group (MIG). The transaction is based on an enterprise value of Rs. 900 crores plus closing adjustments and […]

Subramanian Swamy attacks Ratan Tata for investing money in Britain

Keeping up his attacks on Tata Group interim chairman Ratan Tata, BJP leader Subramanian Swamy fired yet another salvo at the veteran industrialist for investing huge amounts of money into Britain, instead of doing so in India. Tata Steel had acquired UK-based Corus for around 6.2 billion pounds in 2008, making the company the fifth […]

Mississippi goes live on TCS-developed unemployment benefits platform

IT company Tata Consultancy Services (TCS) said it has deployed software to provide unemployment insurance by the Mississippi, Rhode Island and Maine Consortium to help unemployed individuals. Mississippi’s unemployment insurance program helps provides monetary benefits to those who have involuntarily lost their jobs while they look for new employment opportunities, the company added. The TCS developed unemployment insurance solution […]

42,157 Mumbai users switch to Tata Power in FY16, total consumer base over 2 mln

Tata Power, one of India’s largest integrated power companies, said 42,157 power consumers in Mumbai moved to its network from those of its competitors last financial year, helping the company’s total subscriber base cross 2 mln. Tata Power supplies power to households directly in Mumbai and Delhi — two areas where privatization of electricity distribution was […]

Redmi Note 3 available at Rs 11,400 on Tata’s CliQ online shop in India

Redmi Note 3, arguably the most sought-after phone in India along with LeEco Le 2, is now available on Tata Group’s new ecommerce portal at Rs 11,400 for Axis Bank customers. Tata Group — one of the biggest offline retailers in India — entered the competitive online retail market two months ago, naming its website CliQ. […]