The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
Tata Group-backed Resurgent Power has emerged as frontrunner to buy Jaypee Power Venturesafter lenders, who own majority shares, put it on the block, said people directly aware of the matter. Jaypee has 2,200 MW of hydro and coal-fired power generation assets, with Rs 12,000 crore in loans following the debt restructuring. Two Middle East sovereign funds — Kuwait Investment […]
Tata Group chairman N Chandrasekaran is weighing the possibility of shutting down the conglomerate’s mobile telephony vertical, Tata Teleservices Ltd
Tata Steel, India’s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for revival of the company under the Insolvency and Bankruptcy Code
Tata Power is planning to raise up to ₹7,000 crore via non-convertible debentures (NCD)/bonds on a private placement basis for one year.
Tata Group’s pig-iron producer Tata Metaliks, which is all set to become a full-fledged ductile pipe (DI) company, today said it will finalise a growth strategy in the next few months.
Reliance Industries Ltd’s shares have gained 52% in the last 52 weeks, giving huge bonanza to the investors in the heavyweight blue-chip company, helped by its investments in telecom, petrochemicals and retail businesses bearing fruit.
International Finance Corporation plans to invest $40 million (Rs 260 crore) in Tata Cleantech Pvt. Ltd, the World Bank’s private-sector arm said in a disclosure.
Mukesh Ambani-led Reliance Industries on Friday regained its status as India’s most valued firm by market capitalisation, overtaking Tata Group’s crown jewel TCS
Ratan Tata, chairman of Tata Trusts, Friday called all employees of the Tata group “inheritors and custodians of the Trusts” and of its “belief in making a sustainable change” in society.