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Business Standard

TPREL pledges Rs 75,000 crore to achieve 20GW solar capacity by 2030

Tata Power Renewable Energy Ltd (TPREL) has committed an investment of Rs 75,000 crore to achieve 20GW of operational capacity by 2030, a top company official said. Talking to PTI Videos on Tuesday, TPREL President Deepesh Nanda said that the company is already operating 5 GW capacity and has another 5 GW under construction. "We have committed to take this number all the way to 20 GW operational capacity by 2030," he said. To achieve this target, TPREL has committed an incremental investment of Rs 75,000 crore, he said adding that the company may meet these goals, possibly ahead of schedule. "We have just commissioned a massive 4.3 GW module manufacturing facility in Tirunelveli, which will further support our growth plans," Nanda added. Tata Power Renewable Energy Ltd is a subsidiary of Tata Power Ltd.

The Economic Times

Looking for investment with strategic asset selection? These mutual funds offer 14% return in 3 months

Consumption mutual funds have shown strong performance, offering an average return of 13.73% in three months. Kotak Consumption Fund led with a 17.97% return, while Tata India Consumer Fund delivered 16.90%. Experts attribute this to favorable economic conditions and strategic asset selection. Investors are advised to consider their risk tolerance before investing.

The Economic Times

Stocks in news: Tata Steel, Torrent Power, TVS Motor, JK Tyre, Firstsource

Stocks in news: Domestic markets closed slightly higher on Monday, continuing Friday's recovery. Key stocks in focus include Tata Steel, Torrent Power, TVS Motor, JK Tyre, and Firstsource due to various developments. Notable highlights include Tata Steel's expansion in Odisha and Torrent Power's significant investment in renewable energy projects.

Business Standard

Tata Steel's Kalinganagar expansion to make Odisha top investment site

Tata Steel on Monday said Odisha would emerge as the company's single-largest investment destination after the phase-II expansion of its Kalinganagar plant from 3 million tonnes per annum to 8 mtpa. The steel major has invested Rs 27,000 in phase-II of the Kalinganagar plant expansion, and the company is on the verge of commissioning its expanded capacity at the unit, it said in a release. The ongoing expansion in Kalinganagar will play an important role in Tata Steel's ambition to achieve its target of 40 mtpa capacity in India by 2030, the company said. The phase-II expansion of Tata Steel's Kalinganagar plant in Jajpur district of Odisha... will also catapult the eastern state to an enviable position of becoming the single-largest investment destination for the country's oldest steel maker, the release said. Along with the Tata Steel Meramandali (formerly Bhushan Steel Ltd) plant in Dhenkanal district, the company's total investment in Odisha stands at over Rs 100,000 crore. Ev

The Economic Times

Odisha to emerge as Tata Steel's largest investment destination post Kalinganagar expansion

Tata Steel is set to make Odisha its largest investment destination with the phase-II expansion of its Kalinganagar plant, increasing capacity from 3 million tonnes per annum to 8 mtpa. This expansion is part of Tata Steel's goal to reach 40 mtpa capacity in India by 2030.

The Economic Times

UK government can reclaim funds if Tata Steel does not fulfil commitments

The UK government has stated it can reclaim funding from Tata Steel if the company fails to meet its investment commitments. Tata Steel is investing £1.25 billion to transition to an electric arc furnace, with £500 million funded by the government. This transition will result in 2,800 job losses.

Business Standard

Tata Steel, UK govt sign GBP 500 mn grant contract for Port Talbot project

This is part of the 1.25 billion pound green steel project in Port Talbot, of which Tata Steel's investment is to the tune of 750 million pounds

CNBC TV18

Stocks to Watch on Sept 12: Tata Steel, HPCL, BPCL, Adani Ports, Route Mobile and more

Stocks to Watch for Thursday: Tata Steel, HPCL, BPCL, Adani Ports, among others. Tata Steel secured a £500-million grant for its green steel project in Port Talbot, HPCL approved a ₹2,212 crore pipeline investment and appointed a new CFO, BPCL's subsidiary received a production concession in Abu Dhabi, and Route Mobile’s promoter plans to sell up to 38 lakh shares.

Mint

Tata Steel signs £500 million deal with UK government for Port Talbot

The UK government has awarded Tata Steel Ltd a £500 million grant for its green steel project in Port Talbot. This investment will help reduce emissions, replace outdated blast furnaces, and foster economic growth and job creation in South Wales.

Business Standard

CCI clears proposed merger of Tata Motors Finance into Tata Capital

The Competition Commission of India (CCI) on Tuesday cleared the proposed merger of Tata Motors Finance Ltd into Tata Capital Ltd. Tata Capital Ltd (TCL) is a subsidiary of Tata Sons and is operating as a non-banking financial company Investment and Credit Company (NBFC-ICC). TCL is engaged primarily in the business of lending, leasing, factoring, financing and distributing financial products. "CCI approves the proposed merger of Tata Motors Finance Ltd with and into Tata Capital Ltd," the regulator said in a post on X. Tata Motors Finance Ltd (TMFL) operates as an NBFC-ICC and is engaged in the business of granting loans and facilities for financing the purchase of new vehicles manufactured by Tata Motors and its group companies. TMFL also refinances existing vehicle finance loans. It is a step-down wholly-owned subsidiary of Tata Motors Ltd. In June this year, Tata Motors, TCL and TMFL's board approved a merger of TMFL with TCL through an NCLT scheme of arrangement. As ...

Mint

Tokyo Electron Ltd to supply equipment to Tata Electronics, train workforce at India's first fab

Tata Electronics is building the chip fabrication unit in Dholera, Gujarat, with a total investment of ₹91,000 crore. It will invest another ₹27,000 crore in a greenfield facility in Jagiroad, Assam, for assembly and testing of semiconductor chips.

Mint

Rain Industries, Tata Steel and more: SMIFS’ top stock picks for short, medium and long-term gains

SMIFS recommends four stocks for varying investment horizons: Rain Industries for long-term growth, Tata Steel for short-term gains, Sequent Scientific for medium-term prospects, and Bodal Chemicals as a long-term buy. Each stock is backed by strong technical and fundamental indicators.

Business Standard

Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr

Global investor Siddhartha Yog on Monday acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction. Yog is the founding partner of Xander Group Inc, an emerging markets-focused investment firm that currently manages assets of more than USD 3 billion. According to the block deal data available on the National Stock Exchange, Siddhartha Yog bought 10,09,200 shares, amounting to a 0.3 per cent stake in Trent. The shares were purchased at an average price of Rs 7,115 apiece, taking the transaction value to Rs 718.04 crore. The data showed that Dodona Holdings offloaded the same number of shares at Rs 7,115 apiece. Shares of Trent fell 0.09 per cent to close at Rs 7,151.95 per piece on the NSE. Last month, Siddhartha Yog acquired a total of 9.48 lakh shares or 0.27 per cent stake of fashion and lifestyle company Trent from Dodona Holdings Ltd through separate block deals for a combined value of Rs 649 crore. The shares were

The Economic Times

Club Vistara to discontinue post Air India merger; What happens to your loyalty points?

Club Vistara Loyalty Points: Singapore Airlines has received the Indian government's approval for foreign direct investment in its merger with Tata Group's Air India. Vistara's frequent flyer program, Club Vistara, will merge with Air India's Flying Returns. Club Vistara members will see their points migrated accordingly. Bookings for Vistara flights will be available until November 11, 2024.

Business Standard

Singapore Airlines receives FDI approval for Air India-Vistara merger

Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups. With the clearance in place, the merger that will see Singapore Airlines acquiring a 25.1 per cent stake in Air India, is expected to be completed by the end of this year. The proposed merger was announced in November 2022. Air India is owned by Tata Group and Vistara is a 51:49 joint venture between Tatas and Singapore Airlines. In a regulatory filing on Friday, Singapore Airlines (SIA) said it has received approval from the Government of India for Foreign Direct Investment (FDI) into the enlarged Air India as part of the proposed merger. "The FDI approval, together with anti-trust and merger control clearances and approvals, as well as other governmental and regulatory approvals received to-date, represent a significant development toward

Mint

Tata Investment stock surges 20% to hit upper-circuit; What's driving the rally?

The recent stock rally comes after a four-month stretch of lackluster performance. From March to July, the stock fell by almost 13 percent, following a surge of over 100 percent in January and February 2024.

The Economic Times

4 Tata Group stocks correct up to 37% after logging multibaggers returns. Should you buy?

Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.

The Economic Times

NPS schemes beat over 200 mutual funds in last one year. Should you switch sides?

NPS schemes delivered higher average returns than over 200 equity mutual funds in the past year, with Tata Pension Management at the forefront. Experts caution that comparing the two over just a year may not offer a full understanding for informed investment decisions. NPS remains a robust retirement option.

The Economic Times

Consumption mutual funds offer 14% return in 3 months. Worth a look?

Consumption mutual funds have posted strong returns, averaging 13.56% over the past three months. Kotak Consumption Fund led with an 18.19% return, followed by Tata India Consumer Fund at 16%. Experts suggest cautious investment in these sector-specific funds, advising a more diversified approach in alignment with individual risk tolerance.

Business Line

Tata Power plans ₹20,000 crore investment in renewable energy and distribution business: N Chandrasekaran

The investment will focus on accelerating the company’s renewable energy portfolio and growing the transmission and distribution business

The Economic Times

Working on investment to support workers who would lose jobs at UK unit: Tata's N Chandrasekaran

Tata Steel is collaborating with the UK government and unions to invest in skill development for workers affected by the modernisation of its Port Talbot plant. The company is transitioning to a low-emission electric arc furnace (EAF) process, resulting in job losses of around 2,500 people. The EAF project aims to reduce CO2 emissions by 5 million tonnes per annum, ensure continuity of steelmaking in Port Talbot, and preserve most jobs.

Business Line

Tata Steel plant in UK remains unchanged, says Chairman

“The company is working with the government and Unions to make sure that the company do sufficient level of investment to support them in their skill development so they can have a better future”

The Economic Times

Tata Power invests over Rs 4,200 cr in network expansion, upgrade in Odisha

Tata Power has invested Rs 4,245 crore in infrastructure expansion and network upgrades in Odisha over the past 3-4 years. The company operates four joint ventures with the government, serving over 9 million customers. The investment includes Rs 1,232 crore through government-backed schemes, including laying 33 KV lines and adding 30,230 distribution transformers.

The Economic Times

Tata Hitachi to invest Rs 200cr in FY'25, localisation remains top priority

Tata Hitachi Construction Machinery has announced a Rs 200 crore investment in its manufacturing plants to boost quality, innovation, and localisation. The company aims to increase localisation levels to 70% in 2-3 years. The company plans to produce 60-tonne dump trucks in India and introduce more models under the 'Atmanirbhar' policy. Managing Director Sandeep Singh highlighted the importance of localisation for cost control and expressed optimism for infrastructure development post-Union budget.

The Economic Times

These 6 mid cap mutual funds turn Rs 5 lakh lumpsum investment into Rs 1 crore in 20 years

In the last 20 years, several mid cap mutual funds, including Sundaram Mid Cap Fund and Nippon India Growth Fund, efficiently multiplied a Rs 5 lakh investment to Rs 1 crore. Tata Mid Cap Growth Fund and Franklin India Prima Fund also showcased impressive growth with substantial returns and notable Compound Annual Growth Rates (CAGR).

The Economic Times

Tata Steel may shut blast furnaces in UK earlier amid strike by workers

Tata Steel plans to shut down its blast furnaces in the UK earlier than scheduled due to a potential indefinite strike by workers protesting against job losses. The company cites operational instability and unsustainable losses as reasons for the closures. The strike, set to begin on July 8, involves around 1,500 workers and aims to halt Tata's plans. Tata Steel is transitioning to an electric arc furnace to reduce carbon emissions, with a significant investment and support for impacted employees.

The Economic Times

JLR steps up its 5-year investment plan by £3 billion

Tata Motors has increased its five-year investment in Jaguar Land Rover to £18 billion for FY24-FY28, up from £15 billion, focusing on developing electric vehicles and hybrid models. This aligns with JLR's "Reimagine" strategy. Additionally, JLR will partner with China's Chery to produce electric vehicles under the Freelander brand in China.