Tata Motors Ltd (TTM)

Contrarian Indian Fund Manager Has a Warning for Bond Chasers

An Indian fund manager who went contrarian and sharply reduced the average maturity of his flagship bond fund is further cutting the duration on the expectation the central bank won’t reduce interest rates before global peers.

Tata Steel rejects union plan to save jobs and keep Port Talbot furnace open

Rejection of plan to keep one blast furnace open while building electric replacement ends hopes of avoiding as many as 2,800 job losses

Top 5 Most Promising Inverter/UPS Manufacturers in India

India's Wipro rises as Street pins hopes on new CEO after Q4 results

Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter results, while some analysts pinned hopes on new CEO Srinivas Pallia to anchor a turnaround. Still, the stock has lost about 4% so far this year, while larger rivals Tata Consultancy Services and Infosys have gained 1.4% and shed 8.5% respectively. Wipro's quarterly revenue and profit came ahead of estimates, and Pallia said he will prioiritise growth at a time when India's $254 billion IT services industry grapples with reduced client spending due to high interest rates, geopolitical risks and economic uncertainty.

Tata in Talks to Buy Pegatron’s iPhone Operations as Soon as May

Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates.

Tata in Talks to Buy Pegatron’s iPhone Operations as Soon as May

(Bloomberg) -- Tata Group may strike a deal to take control of Pegatron Corp.’s iPhone manufacturing operations in India as soon as May, cementing Apple Inc.’s relationship with one of the country’s most influential conglomerates.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemRecord Rainfall in Dubai? Blame Climate C

India's Infosys falls as annual revenue outlook disappoints

Shares of Infosys fell as much as 2.9% on Friday, a day after India's No.2 software services exporter forecast annual revenue below expectations, raising doubts over predictions of early recovery in the sector. Larger rival Tata Consultancy Services is up 2.3%, while the Nifty IT services index is down 5.7%. Some analysts termed Infosys' quarterly performance and outlook "disappointing."

Colombian extradited to Florida for kidnapping U.S. soldiers - UPI.com

A Colombian national has been extradited from Chile to the U.S to face kidnapping and assault charges in connection with two U.S. Army soldiers who were on temporary duty in Bogota, Colombia, the Justice Dept. said.

CNBC Inside India: Musk and Modi

Tesla chief Elon Musk is set to meet Indian Prime Minister Narendra Modi soon, and the timing couldn't be any better. 

IPL 2024 shatters viewership records reaching over 448 million viewers

The IPL 2024, which commenced on March 22, sponsored by Tata, is shattering viewership records across all TV channels in India.

TCS Profit Rises on Contract Wins for Cloud, IT Projects

Tata Consultancy Services Ltd. reported profit that topped analysts’ forecasts after customers hired it for machine learning, cloud and other artificial intelligence-driven projects to help them keep costs in check.

Steelworkers at the UK's largest production plant vote to strike over job losses

Steelworkers at Britain's largest steel production plant voted to strike for the first time in around 40 years to protest the planned loss of 2,800 jobs by Indian owner Tata Steel, union officials said Thursday. In January, Tata said it would close both blast furnaces at Port Talbot as part of plans to make its unprofitable U.K. operation leaner and greener, replacing them with more environmentally friendly electric arc furnaces. Unite said Tata has other choices after the union secured a commitment from the main Labour Party opposition that it will invest 3 billion pounds ($3.8 billion) in U.K. steel, compared with the 500 million pounds pledged by the current Conservative government.

UPDATE 1-Apple's India iPhone output hits $14 bln, Bloomberg News reports

Apple Inc has assembled $14 billion worth of iPhones in India in fiscal 2024, Bloomberg News reported on Wednesday. Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added.

Apple's India iPhone output hits $14 billion, Bloomberg News reports

Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, the report said, citing people familiar with the matter. Foxconn assembled nearly 67% while Pegatron Corp made about 17% of the India-made iPhones, the Bloomberg report added. Wistron Corp's plant in the southern Indian state of Karnataka, which the Tata Group took over last year, made the remaining.

Exclusive - Pegatron in talks with Tata to sell its only India iPhone plant, sources say

Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct knowledge, marking the Taiwanese firm's latest scale back of its Apple partnership. Under the deal, which has received the backing of Apple, Tata plans to hold at least a 65% stake in a joint venture that will operate the Pegatron plant near Chennai city in the southern Indian state of Tamil Nadu, with the Taiwanese firm providing technical support and holding the rest, one of the sources said.

A super-intelligent AI doomsday is not where futurists see the world going

Humans are hardwired to imagine the worst, but futurists have an anti-doom view of AI improving the world and unleashing creativity.

India's Vistara cuts flights as pilots' protest over salary revisions leads to cancelations, delays

A pilot with Vistara for over five years told CNBC that salaries had been cut before the new contracts were signed.

Air India Pilots Join Vistara Crew in Airing Fatigue, Pay Fears

Pilots at another Tata Group-owned airline joined crew at Vistara in voicing concerns about being overworked and underpaid, threatening to prolong the travel chaos that’s plagued India this week.

All billionaires under 30 have inherited their wealth, research finds

Aging billionaires handing over fortunes has created 15 billionaires aged 30 or under and led to the beginning of ‘the great wealth transfer’

Vistara CEO Allays Pilots’ Fears on Pay Cuts Amid Flight Delays

Vistara, co-owned by Tata Group and Singapore Airlines Ltd., addressed pilots’ concerns over pay cuts and fatigue, people familiar with the matter said, after an en masse sick leave by pilots and crew shortage forced the Indian carrier to cancel more than a hundred flights.

Vistara Cancels Flights as Airline Struggles With Crew Shortage

Indian airline Vistara, co-owned by Tata Group and Singapore Airlines Ltd., has canceled a raft of flights as it struggles with a crew shortage.

How to drive bias out of AI without making mistakes of Google Gemini

Companies need to put up guardrails to ensure they don't experience bias when deploying generative artifical intelligence.

Audiocodes (AUDC) Augments Microsoft Teams Adoption in India

The partnership with Tata Tele Business Services underscores AudioCodes' (AUDC) commitment to expanding its footprint in India, where Microsoft Teams adoption is on the rise.

Tata would ‘push on with Port Talbot job losses even with Labour subsidy’

Exclusive: Sources close to Tata say thousands of steelworks redundancies would still go ahead despite promise of support

‘Am I going to be homeless in June?’: Port Talbot workers fear return to 1980s

Employees believe closure of steelworks’ coke oven will accelerate end of blast furnaces, with loss of up to 2,800 jobs

Indian IT stocks tumble as Accenture "pours water" on hopes of rebound in demand

Shares of Indian IT services firm tumbled more than 3% on Friday, a day after Accenture cut its fiscal 2024 revenue forecast, dashing hopes of a rebound in demand recovery. The Nifty IT index fell 3.2%, with industry bellwethers Infosys and Tata Consultancy Services declining 3.5% and 2.7%, respectively. The duo had posted better-than-feared quarterly results in January, sparking hopes of a revival in demand from banking, financial services and insurance clients, especially in the U.S. key market, after over of a year of clients cutting budgets and delaying, or even cancelling, contracts.

PRESS DIGEST-British Business - March 19

The following are the top stories on the business pages of British newspapers. - British ministers are in last-ditch talks with Alstom to prevent the closure of the Derby train manufacturing works. - India's Tata Steel said it has decided to cease operations of coke ovens at the Port Talbot plant, in Wales, following a "deterioration of operational stability".

Unions condemn Tata Steel decision to shut Port Talbot coke ovens early

Union condemns decision as ‘massive blow’ and comes after firm confirmed closure of blast furnaces by end of year

Tata Sons Seeks $1.1 Billion From TCS Share Sale, Terms Show

Tata Sons Ltd. is seeking to raise at least $1.1 billion selling shares in the Indian conglomerate’s software services unit, according to terms of the deal obtained by Bloomberg News.

Tata Steel share price is soaring: is it a good stock to buy?

Tata Steel share price rose sharply on Monday, becoming one of the best-performing companies in the Nifty 50 index. It soared by over 5.60% even though the company made no news during the session. It has jumped by more than 87% from its lowest point in 2022 and is hovering near its all-time high of INR […]

Factbox-Electric vehicle plans of Indian automakers

India said on Friday it would lower import taxes on certain electric vehicles produced by carmakers that commit to invest at least $500 million and start domestic manufacturing within three years. Electric models made up about 2% of total car sales in India last year, and the government wants to increase that to 30% by 2030. Tata Motors, which commands more than 80% of India's electric car market, plans to have 10 electric models in its portfolio over the next 3-4 years, with EVs making up 25% of its total car sales by 2025, compared to 9.3% last year.

Tata Said to Consider Buying Disney Stake in India TV Platform

Tata Group is considering buying Walt Disney Co.’s stake in Tata Play Ltd. to give it full control of the subscription television broadcaster, people familiar with the matter said, continuing a shakeup in India’s media industry.

Tata Motors to Build $1.1 Billion Vehicle Plant in India’s South

Tata Motors Ltd. is planning to spend 90 billion rupees ($1.1 billion) on a vehicle factory in the southern Indian state of Tamil Nadu.

India’s Biggest Stock Winner This Year Has No Analyst Coverage

An investment firm of conglomerate Tata Group with no analyst rating and minuscule ownership by institutional investors has become the top-performing Indian stock this year, the latest showcase of the frenzy in local equities.

Tata Chemicals share price has surged despite industry woes

Tata Chemicals share price is on track to have the best week since August 2022 as it nears its all-time high. It has climbed by over 22% this week, making it one of the best-performing Indian stocks. It is up by over 37% from its lowest level in 2023. Tata Chem stock has gone parabolic […]

China’s BYD Brings $49,400 Sedan to India’s Budding EV Market

BYD Co. launched its third electric car in India as the Chinese carmaker seeks to increase its market share in the country’s budding electric vehicle segment.

Market Focus Daily: Tuesday, March 5, 2024 (Ep 15)

China sets 5% GDP growth target; India’s Tata Motors to split into two listed firms; Malaysia Derivatives Exchange to launch soyoil futures contract.