Tata Mutual Fund has announced the merger of Tata Banking & PSU Debt Fund with Tata Corporate Bond Fund. The two schemes will be merged and Tata Corporate Bond Fund will be the surviving scheme. The fund house...
Tatas to conclude Vistara- AI merger by year end
Tata Sons is looking to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, Air India CEO Campbell Wilson told employees on Monday. Wilson and Vistara CEO Vinod...
Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
Tata Motors is planning to hive off its vehicle financing subsidiaries under Tata Motors Finance Ltd by way of a merger with Tata Capital, to streamline its operations and deleverage its balance sheet, said people in...
Temasek sells 10% stake in Tata Play to Tata Sons for Rs 835 crore
Tata Sons has raised its shareholding in Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek’s 10% stake in the company for about $100 million (close to Rs 835 crore), said people in...
Tatas to speed up Air India-Vistara merger
Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached...
Tata Group in talks with Fabindia promoters for stake acquisition, says report
Tata Group is in talks with promoters and shareholders of Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks...
Tata Group in talks to acquire majority stake in Pegatron’s Chennai iPhone factory
Contract manufacturer Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata Group, people aware of the matter told ET. “The deal is expected to be completed in the...
India’s Tata Sons to sell TCS shares worth up to $1.13 bln, term sheet shows
India’s Tata Sons, the holding arm of Tata Group, plans to sell shares in Tata Consultancy Services (TCS) worth up to 93.62 billion rupees ($1.13 billion) on Tuesday, a term sheet showed. Tata Sons plans to...
Tata Group considering buying Disney’s stake in Tata Play
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...
Tata Motors to split into 2 listed companies
Tata Motors Ltd will split into two listed businesses comprising the commercial vehicle and the passenger vehicle businesses that includes its British luxury car unit Jaguar Land Rover (JLR). Separation of the two...
NCLT allows Tata Steel to withdraw merger with TRF
The NCLT has approved Tata Steel’s proposal to withdraw merger with TRF Ltd, according to an exchange filing. On February 7, Tata Steel said that its board has decided not to pursue the amalgamation of TRF Ltd, as...
Tata Power to acquire Jalpura Khurja Power Transmission project for Rs 838 crore
Tata Power said it has received a letter of intent (LoI) from REC Power Development and Consultancy to acquire the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. The project special...