Company Overview and News
Tata Power on Wednesday said it will convene shareholders' meeting on February 19 to seek approval for the proposed amalgamation of four group entities with the company.
Tata Power today said it will convene shareholders’ meeting on February 19 to seek approval for the proposed amalgamation of four group entities with the company.
New Delhi: Tata Power on Wednesday said it will convene shareholders’ meeting on 19 February to seek approval for the proposed amalgamation of four group entities with the company.
Mumbai: Tata Sons Ltd, the holding company of the Tata group, is looking to raise up to $1.5 billion in external commercial borrowing (ECB) in the next few weeks, two people directly aware of its fund-raising plans said. (23-0)
Mumbai: The Tata group has hired EY to explore the sale of Tata Petrodyne Ltd (TPL), its oil and gas exploration and production business, two people aware of the development said.
The Securities and Exchange Board of India (Sebi) is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own shares in Tata Sons. If the company were to become a private one there would be restrictions on these listed firms to sell or transfer their stake to any entity. Tata Sons shareholders had voted in favour of going private and the resolution was cleared with a majority during the annual general meeting (AGM) on September 21 last year. (15-0)
3:30 pm Market at Close: Benchmark indices ended the session on a negative note, with the Sensex ending over 70 points lower. (23-0)
2:45 pm Market Check: The market is trading rangebound, with the Sensex and Nifty trading around 34,800 and 10,700 levels. Weak rupee and rising bond yields has weighed on indices. But the currency’s weakness has pushed up IT stocks. Infosys and Wipro are the top gainers on both indices. Midcaps, PSU banks and auto stocks have seen a correction. (23-0)
1:08 pm Market Check: Market has turned choppy in the afternoon trade, with the Sensex trading around 20 points lower. The Nifty is trading just above 10,700. (23-0)
Tata group has mandated PR agency Adfactors to manage public relations and communications for some of the conglomerate's major companies, including Tata Sons, Tata Trust and TCS. The mandate, which will take effect from February 1, is for some of the Tata group firms including Tata Consultancy Services, Tata Steel, Tata Chemicals, Indian Hotels, Tata Power, Tata Global Beverages and Titan, as well as Tata Sons and Tata Trusts, Adfactors said in a statement. (20-0)
A roller-coaster ride for investors but late buying by the bulls pushed the index to record closing high on Nifty which resulted in a ‘Dragonfly Doji’ type of pattern on the daily candlestick charts. (12-0)
He will be responsible for advising the board and senior management on matters of talent, strategy and operations, a statement said.
Two Mistry family firms on Tuesday presented to the Mumbai Bench of the National Company Law Tribunal (NCLT) what they referred to as “documentary evidence” to prove “mismanagement” at Tata Sons. The NCLT was hearing a plea by Cyrus Investments and Sterling Investments, which have been fighting Tata Sons since Cyrus Mistry’s removal as chairman of the holding firm in October 2016. The Mistry firms’ counsel Aryama Sundaram presented to the Bench copies of emails, letters, etc to prove the charges. (3-0)
Tata Power opened two new electric vehicles' (EV) charging stations, both in malls - in Kurla's Phoenix Market City and in Lower Parel's Palladium Mall, reports the Times of India.
Adani Renewables, a unit of Adani Group, has broken into the global utility scale top 15 solar photo voltaic (PV) developers which are active in more than one country, according to GTM Research, the market analysis and consulting arm of Greentech Media, said in a December 2017 report.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton