Friday, November 22

Tag: Tata Motors

Indian Stocks: Sensex, Nifty set to end year on a high: Winners and losers in 2023
27Dec By adminNo Comments
Business

Indian Stocks: Sensex, Nifty set to end year on a high: Winners and losers in 2023

Indian equities are set to end the year with a record winning streak, with the drivers of the rally transcending the nation’s largest companies.Robust economic growth, an infrastructure push and a pause in interest-rate increases have helped propel its equity market to successive highs. Stocks related to real estate, industrials and capital goods are among those leading the gains, while Adani Group companies — the heavy hitters of 2022 — are mostly finishing with losses despite a rebound in recent months.As the benchmark S&P BSE Sensex Index heads for an eighth year of gains with returns of 17% in 2023, expectations that the party led by Prime Minister Narendra Modi will win elections in 2024 are raising hopes this bull run may continue.Global funds have bought more than $20 billion o...
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Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh
12Dec By adminNo Comments
Business

Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh

Stock market LIVE updates: Underperforming firm global momentum, Indian equities started on a tepid note on Tuesday. The S&P BSE Sensex was at 70,014 level, up 85 points or 0.12 per cent. The Nifty50, on the other hand, hit a record high of 21,038 level, up 41 points or 0.17 per cent.  HDFC Life, Hindalco, M&M, Hero MotoCorp, SBI Life, JSW Steel, Tata Steel, Adani Ports, ITC, Grasim, Tata Consumer Products, Bajaj Auto, Adani Enterprises, and BPCL were the top gainers on the 50-pack index, up between 0.5 per cent and 1.7 per cent. On the other hand, ONGC, Infosys, L&T, Apollo Hospitals, Bharti Airtel were the top laggards, down up to 1 per cent. In the broader market, the BSE MidCap and SmallCap indices were ruling 0.28 per cent and 0.52 per cent highe...
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Tata Motors EV Arm Ties Up with Four Charge Point Operators; Check Details
11Dec By adminNo Comments
Business

Tata Motors EV Arm Ties Up with Four Charge Point Operators; Check Details

Tata Passenger Electric Mobility has signed a memorandum of understanding with four charge point operators (CPOs) to assist in installing chargers. (Photo: IANS)TPEM will also work with Chargezone, Glida, Statiq, and Zeon to explore the possibility of rolling out a smart payment gateway through co-branded RFID cardsTata Passenger Electric Mobility (TPEM) on Monday said it has tied up with four charge point operators — Chargezone, Glida, Statiq, and Zeon. The company, part of Tata Motors, has signed a memorandum of understanding (MoU) with the four charge point operators (CPOs).“TPEM will actively assist the four CPOs in installing chargers at locations most frequented by its EV owners and share insights on how the chargers are being used to help understand and enhance customer experience,...
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After the festive rush, car dispatches to dealerships take a breather for large makers
1Dec By adminNo Comments
Business

After the festive rush, car dispatches to dealerships take a breather for large makers

NEW DELHI: Car deliveries to dealerships took a breather for Maruti, Hyundai and Tata Motors in November after the festive rush, while companies such as Mahindra & Mahindra, Toyota and Honda Cars had a healthy growth in wholesales at a time when companies usually keep inventory levels under check towards the close of the year.The two-wheeler industry, possibly low on inventory, had strong dealer dispatches with all the top three makers – Hero Moto, HMSI and TVS – registering double-digit growth in volumes.Sources: Industries Maruti (1.3 lakh units) had a muted month when it comes to growth in wholesale deliveries, while Hyundai (49,451 units) managed to eke out a 3% movement. Tata Motors was exactly flat in its numbers at around 46,000 units. Mahindra, which has a huge pending deliver...
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Company finalises offer price at Rs 500 per share
26Nov By adminNo Comments
Business

Company finalises offer price at Rs 500 per share

Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers. "...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing. The public issue had a price band of Rs 475-500 per share. Acco...
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Auto major reports net profit of Rs 3,764 crore
2Nov By adminNo Comments
Business

Auto major reports net profit of Rs 3,764 crore

Tata Motors on Thursday reported a net profit of Rs 3,764 crore in the quarter that ended on September 30, as compared to the loss of Rs 944.61 crore in the corresponding quarter last year. The net profit was up 17.5 per cent from Rs 3,202.80 crore in the previous quarter.  The company's total revenue from operations was Rs 1.05 trillion, up 32 per cent from Rs 79,611.37 crore in the same quarter last year. The total revenue was also up from Rs 1.02 trillion in the previous quarter.  The revenue of Jaguar Land Rover improved by 30.4 per cent to 6.9 billion pounds. The strong wholesales and improved mix resulted in EBIT margins of 7.3 per cent, which was up 630 basis points (bps). The commercial vehicle revenues improved by 22.3 per cent and EBIT improved to 7.9...
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Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%
2Nov By adminNo Comments
Business

Sensex up 450 pts, Nifty near 19,150; REC, PFC zoom 6%

Stock market updates on November 02, 2023: Mirroring strong gains in Asian peers following a pause in rate hike by the US Fed and hints of a pivot in place, the Indian equity benchmark indices traded with a bullish bias on Thursday.  The S&P BSE Sensex was up over 550 points at 64,150. The NSE Nifty50 was seen quoting around the 19,150 level, up over 150 points. Among the Sensex 30 stocks, IndusInd Bank, Infosys, Axis Bank, SBI, Kotak Bank, HCL Technologies and TCS were up over 1 per cent each. Tata Steel, however, was down a per cent post Q2 loss. In the broader market, both, the BSE MidCap and SmallCap indices rallied over a per cent each. Sectorally, the BSE IT, Consumer Durables and Realty indices were up over a per cent each.   ...
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Total domestic sales up 6% YoY, EVs shine
1Nov By adminNo Comments
Business

Total domestic sales up 6% YoY, EVs shine

Tata Motors reported a 6 per cent year-on-year (Y-o-Y) rise in its overall domestic sales for October 2023 at 80,825 units. The sales stood at 76,537 units in October 2022, the company informed in a regulatory filing. While commercial vehicle (CV) sales went up by 4 per cent Y-o-Y, reaching 34,317 units. The passenger vehicle (PV) segment grew by 7 per cent Y-o-Y and reached 48,337 units, against 45,217 units sold in October 2022. This figure includes both conventional power trains and the electric cars of the company. Electric passenger vehicle sales went up by 28 per cent Y-o-Y. This includes both the domestic and international business figures. Commercial vehicle sales also saw an uptick in the heavy-commercial vehicle (HCV) trucks segment. The sales in this...
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Tata Motors to Get Over Rs 766 Cr Compensation From Bengal Govt For Losses Incurred at Singur Plant
30Oct By adminNo Comments
Business

Tata Motors to Get Over Rs 766 Cr Compensation From Bengal Govt For Losses Incurred at Singur Plant

Published By: Saurabh VermaLast Updated: October 30, 2023, 19:54 ISTA three-member Arbitral Tribunal has ruled that the company is entitled to recover from the respondent West Bengal Industrial Development Corporation Ltd (WBIDC) a sum of Rs 765.78 crore with interest thereon 11 per cent per annum from September 1, 2016, till actual recovery thereof. (Photo: IANS)Tata Motors had to shift its plant to produce small car Nano from Singur in West Bengal to Sanand in Gujarat in October 2008 due to a land row. Tatas, by then, had already put over Rs 1,000 crore in SingurTata Motors on Monday said an arbitral tribunal has asked the West Bengal Industrial Development Corp to pay the company Rs 766 crore compensation in connection with losses incurred on its manufacturing site in Singur.Tata Moto...
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Tata Motors sells 9.9% stake in Tata Technologies for Rs 1,613 crore
13Oct By adminNo Comments
Business

Tata Motors sells 9.9% stake in Tata Technologies for Rs 1,613 crore

Tata Motors Limited (TML) is selling 9.9 percent stake in its IPO-bound subsidiary Tata Technologies (TTL) for Rs 1613.7 crore as part of its plan to de-leverage. TTL has been valued at Rs 16300 or approximately $2 bn.  This transaction furthers TML’s de-leveraging agenda and is expected to close in the next two weeks on completion of customary closing procedures, the company said. As of June 2023 Tata Motors net automotive debt stood at Rs 41,700 crore. Analysts expect TML net debt to reduce to Rs 23000 crore by end of fiscal 2025.   TPG Rise Climate is the lead investor for this transaction. TPG, which also invested in Tata Motors’ electric vehicle business, will pick up 9 percent in Tata Technologies while Ratan Tata Endowment Fund (RTEF) will buy the rest 0...
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