Tatas to host camps

Three years after private equity firm Actis and the salt-to-steel conglomerate Tata Group formed a $200 million JV -- with an ambitious plan to spend ten times of that sum ($2 billion) in building roads over five years -- the venture is coming to an end.

The law ministry has set the stage for allowing Anil Agarwals Sterlite Industries and the Tatas to buy the remaining government stake in companies such as Balco, Hindustan Zinc and VSNL, which were disinvested during the NDA regime.

Viom Networks, the telecom tower joint venture company between the Tatas and the Srei group of Kolkata, made a first-time profit during 2012-13.

A day after Tata Motors Managing Director Karl Slym questioned the need for quadricycles, Pune-based Bajaj Auto, which is pioneering the quadricycle project, said its RE60 wasn't a low-cost car. Bajaj hasn't promoted the RE60 as a passenger car but as an improvement on the three-wheeler. The company has indicated the slowing demand for Tata's Nano shows consumers aren't looking for low-cost cars. "The cheaper car, Nano, offers nothing but a lower price; the sales data appear to tell us quite ...

This 75-year-old hallowed store in Mumbai supplies shoes to Amitabh Bachchan, Tatas, Birlas among others. Remu Javeri recalls spotting a foreign tourist, dressed head-to-ankle in impeccable Indian attire, roaming the halls of the Taj Mahal Palace Hotel in Mumbai with a pair of mojris in his hands. This wouldn’t have happened had he shopped at Joy Shoes, the store partner quips. “You never have to break into our shoes. Just wear them and you’re good to go.” Located on the ...

The Group has been pioneer in innovation; Ratan Tata has been credited for launching world's cheapest car Nano in 2009 India’s largest business house Tata Group on Friday said that it expected to increase its research and development (R&D) spend in coming years as the group chairman Cyrus Mistry aimed to increase customer focus for all the group companies. “The group spent about 2% of its revenue on R&D last financial year which is about the same spent a year ...

Top Indian conglomerates, including Aditya Birla Group and the Tatas, have sought clarity from the banking regulator on using the branding of the parent group while applying for a banking licence. Corporate lawyers confirmed the groups had sought the Reserve Bank of India's views on the use of the parent group's brand. The brand name of the proposed bank has to be sent to RBI by July 1, the deadline for application. A senior Birla official said they were looking at the option of not using ...

Tata's retail arm Trent is undertaking a series of steps to rationalise costs at a time when the retail sector is reeling under high costs and weak consumer demand. The company is in process of amalgamating smaller subsidiaries under its fold to ...

Rakesh Arora of Macquarie advises to buy Maruti Suzuki and Tata Motors from the auto space.