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Tata Technologies shares jump 9% after expanding strategic partnership with Tenneco
Tata Technologies shares rose 9% to ₹729.20 after announcing an expanded partnership with Tenneco LLC. The agreement involves over $100 million investment to enhance engineering innovation and digital transformation, leveraging India's engineering talent for global automotive needs.
Tata Technologies expands partnership with Tenneco in $100 million deal
Tata Technologies and Tenneco LLC have inked a significant five-year deal exceeding $100 million to boost engineering and digital transformation. This expanded partnership, leveraging India's engineering talent, aims to accelerate product development and deploy AI-driven solutions across Tenneco's global automotive operations. The collaboration will enhance Tenneco's responsiveness to market shifts and strengthen its engineering prowess.
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: Chandrasekaran
Indian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five years. Tata Group Chairman N Chandrasekaran revealed this at the company's AGM, highlighting plans for the upcoming 50-floor, 500-room Taj Bandstand in Mumbai, a project expected to cost around Rs 2,000 crore and become an iconic landmark.
Voltas gears up to start AC exports to tap growing demand in Europe, Middle East
Voltas, India's leading air-conditioner maker, is set to expand its global footprint by exporting to Europe and the Middle East, leveraging its existing manufacturing capacity. Chairman Noel Tata announced his departure from the board, citing retirement age. The company is also reviewing in-house compressor manufacturing after a previous joint venture faced regulatory hurdles.
Noel Tata steps down as Voltas chairman days after Trent exit
Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting (AGM), Noel Tata, 69, said this would be his last AGM as Chairman of Voltas.
Noel Tata announces exit as Voltas chairman at company's AGM
Veteran Tata Group leader Noel Tata is stepping down as Chairman of Voltas, marking his final AGM in the role. He expressed confidence in the company's next-generation leadership, developed through internal promotions and external hires. Tata, who also recently announced his departure from Trent's chairmanship, cited the company's strong performance, including its air conditioning business exceeding one million unit sales in a record 81 days.
Tata Communication To Invest $152 Million In Subsea Cable Systems
Tata Communications is enhancing its Tata Global Network (TGN)
Stocks in news: Bajaj Auto, ZEE, BPCL, HDFC Bank, HUL, Tata Motors CV
Indian markets saw a subdued trading session on Monday, with key indices declining due to mixed global signals and profit-taking. Several prominent companies like Bajaj Auto, ZEEL, BPCL, HDFC Bank, and HUL are in focus today due to significant corporate developments. These include share buybacks, foreign investments, leadership appointments, and strategic acquisitions, signaling active corporate maneuvering amidst market fluctuations.
Tata Motors-Iveco revenue to be $35-40 billion in 5 years: N Chandrasekaran
Tata Motors is projecting a remarkable revenue growth of $35-40 billion in its commercial vehicle sector over the next five years from its acquisition of Iveco Group, chairman N Chandrasekaran said. This strategic decision, expected to finalise by September, aims to enhance Tata Motors' global reach with synergistic products and cutting-edge technologies.
Axis Bank CFO Puneet Sharma resigns to pursue new opportunities
Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned to pursue new professional opportunities. Sharma, who has been with the bank since March 2020, will step down on August 31. He previously held significant roles at Tata Capital and Citibank. The bank expressed gratitude for his contributions and wished him well for the future.
Tata Motors CV eyes 1 million vehicles after Iveco acquisition; sees growth despite fuel risks
Tata Motors Commercial Vehicles anticipates exceeding one million annual sales post-Iveco acquisition, projecting a global top-four ranking. Despite fuel price concerns, strong infrastructure spending and freight growth are expected to sustain the domestic market. The company is also bolstering non-cyclical revenue streams and expanding its international footprint, aiming for resilient earnings and significant global expansion.
Tata Motors says IVECO deal to make it fourth-largest global CV maker
Tata Motors said its commercial vehicles business maintained domestic market leadership while reporting record FY26 financial performance. The company also expects its proposed acquisition of IVECO Group to close by Q2 FY27, subject to remaining regulatory approvals.