Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘In time, EVs to contribute 25% of sales’ Tata Motors group will invest ₹28,900 crore across its domestic business and JLR in 2021-22, and in the development of hydrogen fuel cell vehicles, Chairman N. Chandrasekaran said. The company will also look to raise capital separately for its electric vehicles (EV) business ‘at an appropriate time’.… Continue reading Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

Walmart looking at up to $25 billion investment in Tata Group's 'super app' – Mint

BENGALURU (Reuters) – Walmart Inc WMT.N is in talks with Tata Group [TATAS.UL] for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate’s new “super app”, the Mint newspaper reported on Tuesday, citing people familiar with the matter.FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois,… Continue reading Walmart looking at up to $25 billion investment in Tata Group's 'super app' – Mint

IT Services Giant Tata Launches Quartz Smart Solution Cryptocurrency Trading for Indian Institutional Investors – Blockchain News, Opinion, TV and Jobs

India’s IT services giant Tata Consultancy Services have launched a new financial instrument for Indian institutional investors called Quartz Smart Solution which will allow high-end investors to buy and sell cryptocurrencies. The Quartz, The Smart Ledgers are targeted at helping organizations across multiple domains leverage blockchain meaningfully for their businesses. Quartz, The Smart Ledgers comprises… Continue reading IT Services Giant Tata Launches Quartz Smart Solution Cryptocurrency Trading for Indian Institutional Investors – Blockchain News, Opinion, TV and Jobs

Tata Elxsi Chooses IOTA Over Ethereum for DLT-Based Vehicle-to-Vehicle Communication | BTCMANAGER

Tata Elxsi, the Bangalore-based subsidiary division of the multinational conglomerate Tata Group recently announced that it will use IOTA (MIOTA) over Ethereum (ETH) for scalable, decentralized vehicle-to-vehicle communication. This, according to a report by The Coin Republic, February 2, 2020. Tata Elxsi to Circumvent Blockchain Scalability via IOTA The Bangalore-based subsidiary concern of Tata Group… Continue reading Tata Elxsi Chooses IOTA Over Ethereum for DLT-Based Vehicle-to-Vehicle Communication | BTCMANAGER

Tata Steel confirms 1,000 UK staff to go in Europe cuts

Tata Steel has confirmed it will be cutting up to 1,000 jobs in the UK as part of the “transformation” of its European business. The company, which owns the sprawling Port Talbot works in South Wales where it employs more than 8,000 staff, announced earlier this month that 3,000 roles would go across the continent… Continue reading Tata Steel confirms 1,000 UK staff to go in Europe cuts

Tata Steel to cut 3,000 European jobs – report

Tata Steel is planning to cut around 3,000 jobs in Europe, with over half in the Netherlands, a source has told Reuters. According to the agency, Tata said on Monday that the cut jobs are necessary as it wrestles with excess supply and high costs. But it said the company insisted there will be no… Continue reading Tata Steel to cut 3,000 European jobs – report

Tata Motors narrows loss on JLR turnaround

Tata Sons to infuse ₹6,500 crore Improved performance of Jaguar Land Rover (JLR) in China helped Tata Motors Ltd. to substantially reduce its consolidated second quarter loss to ₹188 crore compared with a net loss of ₹1,009 crore in the year-earlier period. The company’s revenue during the period under review decreased 9% to ₹65,432 crore… Continue reading Tata Motors narrows loss on JLR turnaround