Tata Technologies

The project aims to train over 10,000 youth annually in advanced skills, fostering better employment opportunities and will also provide employment opportunities to the skilled youth

Tata Technologies, an arm of Tata Motors, Gandhar Oil Refinery (India) Ltd and non-banking financial company SBFC Finance have received capital market regulator Sebi's approval to raise funds through initial public offerings.
The three companies, which filed their preliminary papers with Sebi between December 2022 and March 2023, obtained the regulator's observations during June 21-23, an update with the markets watchdog showed on Tuesday.
In Sebi's parlance, obtaining observations mean its go-ahead to float the initial share sale.
As per the draft papers, Tata Technologies' IPO is purely an Offer For Sale (OFS), where the company will sell up to 9.57 crore equity shares representing approximately 23.60 per cent of its paid-up share capital.
Under the OFS, Tata Technologies' parent company Tata Motors will offload 8.11 crore shares or a 20 per cent stake in the company.
Among other shareholders, Alpha TC Holdings Pte plans to sell up to 97.16 lakh shares (2.40 per cent) and Tata .

tata, tata group

Tata Electronic's expansion plans are being seen as an extension of its ongoing acquisition of Wistron's iPhone manufacturing unit in Karnataka's Kolar district

Tata Metaliks

Tata Metaliks Limited (TML) on Friday announced a nearly six per cent rise in net profit to Rs 55.56 crore for the fourth quarter period ended March 2023 on the back of higher revenues.
The net profit for the corresponding Q4FY'22 was Rs 52.46 crore.
The revenue from operations for Q4FY'23 was Rs 926 crore, as compared to Rs 808 crore in the corresponding period of the previous year, representing a growth of 14 per cent.
Total expenses for the period were Rs 863 crore, as compared to Rs 772 crore in the corresponding period of the last fiscal.
The Ductile Iron (DI) pipe plant-2 (new plant) production had a vertical ramp-up and its production of finished pipes touched 35 kilotonnes (KT) in the quarter (25 KT in Q3 FY'23), the company said in a statement.
The company said its product portfolio now covers the larger size range from 900 mm to 1200 mm diameter pipes which constituted almost 30 per cent of sales from the new plant.
"The company's DI Pipe business has a healthy order bo

Infosys

Eight of the 10 most valued firms faced a combined erosion of Rs 1,17,493.78 crore in market valuation in an overall weak trend in equities last week, with Infosys taking the biggest hit.
Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank and ICICI Bank were among the eight companies that suffered a decline in their valuation. ITC and State Bank of India were the only gainers.
Last week, the 30-share BSE Sensex fell by 775.94 points or 1.28 per cent.
The market valuation of Infosys plummeted by Rs 66,854.05 crore to Rs 5,09,215 crore. Infosys Ltd on April 13 reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid tightening of IT budgets by clients following turmoil in the US banking sector.
HDFC Bank's valuation tumbled Rs 10,880.5 crore to Rs 9,33,937.35 crore.
ICICI Bank lost Rs 10,462.77 crore from its valuation which stood at Rs 6,17,477.46 crore and the market capitalisation (mcap) o

Tata Motors, Tata

The offering could be Tata group's first since listing of TCS in 2004

Tata

Tata Group to set up an iPhone assembling unit in JV with Wistron, in the state's Krishnagiri district

Sauvik Banerjjee

Banerjjee brings to Rezolve more than 22 years of experience in senior roles

graph

The company is in talks with several banks, including Citibank, to manage the share sale; The last share sale by a Tata firm was in 2004, when TCS floated an IPO

Nine companies feted for 'proactively managing supply chain quality, advancing global sustainability'

For the year ended March 2022, Tata Technologies revenue was seen at $473.5 million, along with an operating profit of $ 86.5 million and profit after tax of $58 million

airbus, plane

Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier.

US wants security pact for sharing tech with India's pvt sector

The centre will help promote indigenous and modernised technological capabilities and develop skilled resources to support MSMEs

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

These Vande Bharat trains will be the fastest trains along the routes of their operation and will help save considerable time for the passengers

PM Narendra Modi

India won its first medal at the 19th Asian Games. India won a silver medal in the Women's 10 Metre Air Rifle with a score of 1886 with Ramita finishing with 631.9 Mehuli 630.8 and Ashi 623.3.

The trio of Ramita, Mehuli Ghosh and Ashi Chouksey

The Five Eyes is an intelligence alliance comprising Australia, Canada, New Zealand, the US and the UK

Hardeep Singh Nijjar, Hardeep Nijjar

Right-arm seamer Vastrakar had career-best figures of 4/17 in four overs as Bangladesh were bowled out for 51 in 17.5 overs -- their lowest-ever T20 score against the neighbours.

Smriti Mandhana

According to officials, the passengers on board included 24 girl students from Swami Vivekananda Government Model School in Detani and four others, including the school principal and three teachers

accident

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

PM Modi launched Ayushman Bharat PMJAY with the vision of creating an 'Ayushman Bharat' where every citizen is not only healthy but also free from the burden of healthcare expenditure, Mandaviya said

Union Health Minister Mansukh Mandaviya

The United States has said there ought to be a full and fair investigation into Canada's allegations that the Indian government was involved in the killing of a separatist Sikh leader in British Columbia earlier this year.
State Department Spokesperson Matthew Miller said this at a news conference here on Tuesday.
"They are such concerning allegations that we think there ought to be a full and fair investigation," Miller said, adding, "Canada has said it is committed to doing that, and we believe the Indian government should cooperate with it."
The official was responding to a question on a row between Canada and India after the conclusion of the G20 Summit in New Delhi.
Canada has accused India of being involved in the killing of Sikh separatist Hardeep Singh Nijjar in British Columbia. India has termed the allegations "baseless" and said Canada has become a safe haven for terrorists.
"We are obviously quite concerned about the situation in Canada. We have cooperated closely with

US India

The U.N.'s most powerful body must support governments seeking to legally declare the intensifying crackdown by Afghanistan's Taliban rulers on women and girls gender apartheid, the head of the U.N. agency promoting gender equality said Tuesday.
Sima Bahous, executive director of UN Women, told the Security Council that more than 50 increasingly dire Taliban edicts are being enforced with more severity including by male family members. That is exacerbating mental health issues and suicidal thoughts especially among young women and is shrinking women's decision-making even in their own homes.
They tell us that they are prisoners living in darkness, confined to their homes without hope or future," she said.
Under international law, apartheid is defined as a system of legalized racial segregation that originated in South Africa. But a growing consensus among international experts, officials and activists says apartheid can also apply to gender in cases like that of Afghanistan, where .

Women students in Afghanistan

Dozens of Khalistan supporters on Monday outside the Indian Consulate in Vancouver held a protest against the killing of Khalistani terrorist Hardeep Singh Nijjar

Adhir Ranjan Chowdhury

Bouncing back from being on the receiving end of nature's fury, Himachal Pradesh now plans to hold tourism festivals in all its 12 districts as 99 per cent of tourism activities have resumed in the state, an official said Tuesday.
Raghubir Singh Bali, the vice chairman of the Himachal Pradesh Tourism Development Board, also said district Tourism Officers would prepare the theme of festivals in their districts and school and college students and local representatives would be involved in various activities at the festival.
Excessive rains and flash floods, triggering massive landslides had thrown normal life out of gear but the government actively carried out restoration operations and as on day roads are open, services have been restored and the state is fully prepared to receive tourists, Bali said in a statement issued here.
Bali, who is also the chairman of HP Tourism Development Corporation (HPTDC), said Shimla Flying Festival would be organised at Junga near the state capital .

tata technology

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8 of top 10 firms lose Rs 1.17 trn in mcap; Infosys biggest laggard

Tata Motors to partially sell stake in subsidiary Tata Tech via IPO

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Sauvik Banerjjee, former Tata Digital CTO, joins UK's Rezolve

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