/Tag: Tata

Tata Consumer to acquire PepsiCo’s stake in NourishCo

2020-05-20T12:45:55+00:00May 20th, 2020|India Inc Views - India Global Business, News in Brief|

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 [...]

Tata Motors bucks post-Brexit auto industry trend in UK

2020-05-11T03:23:40+00:00February 14th, 2020|2020, India Inc Views - India Global Business, North America Edition – 14 Feb-27 Feb 2020, Special Report - India Global Business, UK Edition – 14 Feb-27 Feb 2020|

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. [...]

Air India sale to boost Modi government’s reformist credentials

2020-05-11T03:24:16+00:00February 14th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 14 Feb-27 Feb 2020, UK Edition – 14 Feb-27 Feb 2020|

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 struggles with global industry glut

2019-12-13T07:28:06+00:00December 13th, 2019|2019, UK Edition – 13 December 2019|

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 drives the India-UK electric mission

2020-03-20T06:11:08+00:00July 26th, 2019|2019, UK Edition – July 2019|

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 [...]

The 2020s will be the India decade and the UK must act in time

2019-06-21T09:29:35+00:00May 22nd, 2019|2019, Home Page, UK Edition – May 2019|

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 [...]