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In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50 year period in March, 2020.
India’s goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a study has warned of major revenue losses, two government officials said.
Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country’s antitrust body showed on Friday.
Indian automakers Tata Motors and Mahindra and Mahindra (M&M) said on Friday they would cut production at some plants in response to slowing demand that industry executives say has driven the sector into one of its worst downturns.
Tata Steel plans to cut costs across its European operations, the company said, as the sector wrestles with excess supply, weak demand and high costs. Earlier, a source close to the
India’s Tata Group is making its biggest push yet towards clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executives said on Tuesday.
Tata International Limited (TIL) has completed the first tranche of a receivables securitisation transaction for $48 million in order to support their business growth in Africa.
Walmart is in talks with Tata Group for an investment of up to $25 billion in the Indian conglomerate’s planned ‘super app’, people familiar with the matter said.
The buzz in aviation circles is getting louder that the Tata group could be in the Air India’s cockpit as early as the New Year, if it is the sole eligible bidder for India’s national carrier.
Healthy off-take on the back of festive season accelerated major automobile players’ year-on-year sales during November. However, some companies reported a slower off-take on the sequential basis.
