The Covid-19 pandemic appears to be spurring a virtualisation of economic activities through innovation.
The sale of the three ships, MV Trust Agility, MV Trust Integrity and MV Trust Amity, is expected to be concluded in July.
Tata AutoComp inked an MoU with Tellus Power to set up AC and DC fast charging network for electric vehicles in India.
With this partnership, MG Motor aims to focus on the key target cities where they intend to foray as part of their EV expansion plans.
The acquisition will help Tata Consumer to widen its portfolio in the F&B space. Tata Consumer Products Ltd (TCPL) is set to acquire PepsiCo’s stake in NourishCo Beverages as the FMCG company looks to expand its F&B portfolio. NourishCo is a 50:50 JV between the two companies. According to TCPL, the company will acquire entire stake of PepsiCo in NourishCo and transfer of rights over the Gluco Plus/Gluco+ brand from PepsiCo. The total cost of the acquisition is $3.9 million [...]
The Tata Group owned Jaguar Land Rover (JLR) made a return to profit amid an overall gloomy outlook for the automotive sector following Britain’s exit from the European Union (EU). Highlights: Tata owned Jaguar Land Rover bucked an overall industry trend which saw UK car production drop by marking a 2.8 per cent rise year-on-year. JLR has attributed the turnaround to its Project Charge, which reduced operating costs by £154 million and delivered cost and cash flow improvements totalling £2.9 billion. [...]
India’s national carrier, which failed to find a buyer when it was put on the block two years ago, is once again in play. And this time, the Modi government has sweetened the deal by removing more than $4-billion debt from its books and offering to sell a 100 per cent stake. The last time the Maharajah, aka Air India, was up for sale, it found no takers. When the Narendra Modi government tried to sell a 76 per cent [...]
Tata Steel Europe recently unveiled a set of restructuring plans to try and reverse its loss-making streak, spurred by worldwide woes faced by the steel industry in the form of overcapacity and stagnant demand. Highlights: Tata Steel is enforcing restructuring and cost-cutting plans for its European business. The plans include cutting back bureaucracy and greater use of technology to enhance efficiency in order to become more cash-positive in a tough market. The announcement comes after Tata Steel Europe announced plans [...]
Tata Motors’ owned Jaguar Land Rover (JLR) recently secured a crucial loan guarantee from the UK government to focus on its e-vehicles, which widens the field for bilateral cooperation in this high-priority sector. India’s Minister for Commerce & Industry and Railways, Piyush Goyal, on a recent visit to the UK singled out electric technology as one of the key sectors where the India-UK partnership could prove to be an unbeatable one. He made a specific reference to Jaguar Land Rover [...]
Her Majesty’s Trade Commissioner presents his views on what UK’s rapidly growing exports to India mean in the context of global growth forecasts. In most of my 30-year career in business starting in 1980, British businesses viewed the Indian economy as a slow, dusty pitch where visitors would be frustrated by the lack of pace and bounce. They could occupy the crease, but it was hard to be a hero. But times have changed. Now, my main task, as Her [...]