Tata Group
The real estate industry had been in the throes of a slowdown in the past few years and many developers have decided to bide their time usefully. They are busy in buying land banks at various prime locations in metros and wait for the demand to start picking with improvement in macro economy by the [...] Continue Reading »
Tata group expects to achieve market capitalisation comparable to the world’s top 25 companies. And in order to achieve that the group has decided to invest USD 35 billion in the next three years as a part of its vision 2025. Tata group Chairman Cyrus Mistry mentioned about this while addressing the Tata group’s Annual Leadership [...] Continue Reading »
Reliance Industries Ltd (RIL), Tata group and the Aditya Birla group—India’s three biggest conglomerates—have announced new investments or capital expenditure adding up to almost Rs.3 trillion over the next 3-4 years. The corporate spending had reduced during the economic slowdown in the last few years. Others, like the Adani Group and Larsen and Toubro Ltd [...] Continue Reading »
The several firms existing in the Tata Group of Industries have come up with a capital expenditure of over Rupees 65,000 crore. The capex happens to be a part of the medium term strategies which cover all the important fields of the group. Engineering, materials, information technology, communication, consumer products, services, energy to chemicals are [...] Continue Reading »
The Tata Group’s upscale hotel chain Gateway Hotels has revealed in a recent announcement that three new launches have been planned by the company for the September and October — a period when the Indian hospitality sector is abuzz with activity. The locations for the three formal openings planned by Gateway Hotels include Pune, Raipur, [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
The Titan Eye Plus has planned for major expansion of its retail network of stores, to add 50-60 new stores across the country in 2014-15. The company wants to improve the image of its brands, including Fastrack, Hipster and Glares. Titan Company Ltd which is part of Tata group opened its 96th store in South [...] Continue Reading »
The famous steel company Tata Steel sold its 25-acre Borivali land parcel in Mumbai for Rs 1,155 crore to Oberoi Realty through e-auction. The Steel giant says that the committee of Independent Directors appointed for the oversight and governance of the sale process by the Tata Steel Board announced that the highest bidder of the [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
A lease extension for the fourth time to run the Taj Mahal Hotel at Delhi’s tony Mansingh Road may be acquired by The Tata Group-owned Indian Hotels Company (IHCL), as the New Delhi Municipal Council (NDMC), the land-owning agency, cannot hold an auction once the model code of conduct for the general elections kicks in. [...] Continue Reading »
