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American inventor Elisha Graves Otis built the first safety elevator in 1952. In the 1870s, Otis entered Europe. Its elevators were installed at the Kremlin, Balmoral Castle, the Hungarian Royal Palace and the Eiffel Tower. In the early 1900s, the Buckingham and the Mysore Palaces were also home to Otis elevators
Tata Global Beverages Ltd (TGBL), a relative laggard in the FMCG sector, is likely to catch the attention of serious investors thanks to its various restructuring initiatives. This stock could benefit from Tata Sons’ initiative of unwinding cross-holdings in group companies, which would help TGBL raise funds. There is also a market buzz (news coverage from CNBC-TV18) that the company plans to sell the non-branded products business.
With N Chandrasekaran taking over as the chairman of the board early this month, Tata Global Beverages Ltd (TGBL) has decided to sell its stake in various Tata group listed company to its parent, Tata Sons, in the next few months. TGBL owns close to Rs 755 crore worth of stake in other Tata group listed companies, especially in Tata Chemicals. According to statistics available with the stock exchanges, TGBL owns a 4.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Jubilant Life, Fortis, Marico, Bata, Infosys, Tata Power, Bharat Financial, Satin Creditcare, and Tata Investment.
The JVC will have an equity capital of USD 100 million, and Tata Investment Corporation (TICL) and Koç Holding (KOÇ) will also hold 1% equity stake each, in the new Joint Venture.
A host of firms including Adani Enterprises, Adani SEZ, Amara Raja Batteries, Asahi India, Bharat Forge, Dish TV, Emkay, Fineotex, GE T&D, Gujarat Gas, GVK Power, Jain Irrigation, Jubilant Ind, Kaveri Seed, Lupin, Praj Ind, PNC Infra, Religare Enterprises, Somany Ceramics, Shalimar Paints, Sona Koyo, Sundram Fasteners, Tata Investment, TVS Srichakra and Zee Media will announce their quarterly and annual results for the period ended March 2017 on Wednesday.
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Shares of ten Tata group companies rose by 0.13% to 9.39% at 15:12 IST on BSE after Natarajan Chandrasekaran was appointed as the new chairman of Tata Sons from 21 February 2017.
Nusli Wadi, who is at loggerheads with Ratan Tata for ousting him as independent director of group companies, has made a suggestion to wipe out the ₹8,600-crore debt of the company while making serious allegations against the promoters.
Tata Sons, on Tuesday, increased its holding in Tata Motors by about 1.7 per cent through open market purchases.
Speculations have been rife on who will take charge of Tata Sons after the board ousted 48-year old Cyrus Mistry last month. The Economic Times today reports Noel Naval Tata, the media-shy half-brother of Ratan Tata and current Managing Director of Tata International has also emerged as a frontrunner to take over as Tata Sons’ chief.
Smiths Group plc is pleased to announce the appointment of Noel Naval Tata as an independent Non-executive Director with effect from 1 January 2017.
A look at the shareholding pattern of Tata group companies, including those where Cyrus Mistry is still the boss
Cyrus Mistry may have been unseated from the board of Tata Sons Ltd but there is another apex group company where he continues to be Chairman — Tata Industries Ltd (TIL).
New Delhi : Tata group stocks today bounced back after three days of continuous decline, closing the day with up to 6 per cent gains on buying at lower levels, reports PTI. Shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on BSE.
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has said the Tata group, which has seen unprecedented event in the past week, should start communicating pro-actively. It warned that the group riskslosing public trust otherwise, it warned. "The Tata group,given its stature and its century-old presence, is responsible and accountableto a much wider set of stakeholders. It is time that the Tata group takescognizance of this and begins to proactively communicate," IiAS said in a note titled Turbulence at Tata Sons: What stakeholders are asking on Friday.
“The Tata group must recognise its engagement rules have now changed,” proxy advisor Institutional Investor Advisory Services (IiAS) said in a note about the events so far in the spat between the conglomerate and its former Chairman Cyrus Mistry.
Equity benchmarks recovered early losses with the Nifty rising over 8600 level on first day of November series. Select Tata Group stocks like Tata Motors and Tata Steel rebounded sharply on short covering after sharp sell-off in previous three consecutive sessions due to Tata-Mistry issue.
Barring TCS, rest of the other major group companies saw continued decline in stock price. TCS ended 0.68 percent higher on BSE.
Mumbai : Tata Group stocks lost ground for the third day today amid concerns about purported disclosure made by ousted group chairman Cyrus Mistry about huge write- down risks at some firms, taking the total market value erosion to over Rs 26,000 crore this week, reports PTI.
Mumbai : Scrips of most of Tata Group subsidiaries closed in the red on Thursday, a day after ousted Chairman of Tata Sons Cyrus P. Mistry alleged corporate misconduct at the company, reports IANS.Tata Sons is the holding company of the Tata Group. Nearly all the subsidiaries of the industrial conglomerate opened the day’s trade in the negative territory.
Shares of various Tata group stocks, including Tata Power and Tata Motors, plunged sharply this morning amid concerns about purported disclosure made by ousted group chairman Cyrus Mistry about huge write-down risks at some firms.
Shares of 12 Tata Group companies fell by 1.11% to 7.89% at 9:23 IST on BSE after Tata Sons, the holding company of the Tata Group, said its board of directors replaced Cyrus P. Mistry as chairman of Tata Sons.
Mumbai: On a day Cyrus Mistry was ousted as the Chairman of Tata Sons, the Group Executive Council (GEC) set up by him has been disbanded.
On a day Cyrus Mistry was ousted as the Chairman of Tata Sons, the Group Executive Council (GEC) set up by him has been disbanded. The GEC, headed by Mistry, was set up in April 2013 with the objective providing strategic and operational support to him. It included N S Rajan from Ernst & Young, Tata brand custodian Mukund Rajan, ex-BSE chief Madhu Kannan, strategist Nirmalya Kumar and Tata veteran Harish Bhat.