NYSE:TTM - New York Stock Exchange, Inc. - US8765685024 - ADR - Currency: USD
U.S. President Donald Trump has said that if Tesla were to build a factory in India to circumvent that country's tariffs, it would be "unfair" to the U.S., in an interview with Fox News which aired on Tuesday. Trump called out India's high duty on cars during Prime Minister Narendra Modi's visit to the U.S. last week, but agreed to work towards an early trade deal and resolve their standoff over tariffs. Tesla's CEO Elon Musk has long criticised India for having import tariffs of around 100% on EVs which protect local automakers such as Tata Motors in the world's third largest auto market, where EV adoption is still at a nascent stage.
Mentions: TSLA
Tata Communications Ltd. is now responsible for recording and broadcasting 80% of the world’s sporting events thanks to the 2022 acquisition of a US-based live production and video transmission firm, a top executive said.
India's Tata Technologies has disclosed a ransomware attack affecting its IT assets.
The increasing use of generative artificial intelligence (GenAI) could boost the productivity of India's $254-billion software by 43%-45% over the next five years, according to a survey by consulting firm EY India. This productivity boost, which EY India's survey states will span 500 roles, will come through the dual effect of the IT industry itself integrating elements of GenAI internally and as more client projects move from proof of concept to production. Top IT companies such as Tata Consultancy Services and Infosys have highlighted the use of AI by clients to do new projects and EY India said 89% of them have started trialling GenAI projects, with 33% of those already in production.
Tata Power Co. is scouting for hydroelectric power opportunities in India and overseas as it looks to ramp up the share of renewable energy in its overall portfolio to more than half in the next 14 months.
(Bloomberg) -- A deepening slowdown in corporate earnings is fueling fresh concern over India’s $4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityNYC’s Newest Transit Leader Builds a Worker-Driven StrategyTransportation Memos Favor Places With Higher Birth and Marriage RatesWh
A deepening slowdown in corporate earnings is fueling fresh concern over India’s $4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.
Tata Electronics has acquired a controlling stake of 60% in Pegatron's unit in India, less than a year after acquiring Wistron's local business as the
Trent Ltd. erased $2 billion in stock market value over two days on concern Shein’s entry into India may challenge the Tata Group firm’s dominance of the domestic fast-fashion space.
Jaguar Land Rover’s Indian owner is seeing consumption demand reviving in the world’s most populous nation by end of June after the Narendra Modi-led government doled out $11.5 billion in tax cuts for the middle class.
Tata Motors Group CFO P-B Balaji says India's consumer-friendly budget, which includes a record 11.5-billion in tax cuts, should fuel spending and revitalize growth as long as inflation remains in check. He spoke exclusively with Bloomberg's Haslinda Amin on his outlook for India's economy and the auto industry. (Source: Bloomberg)
"We'll go net debt free this year." P.B. Balaji, Chief Financial Officer of Jaguar Land Rover's Indian parent, Tata Motors exclusively spoke to Bloomberg's Haslinda Amin in Mumbai about his plan for making the company profitable. (Source: Bloomberg)
About 780,000 cars were made in 2024; 775,000 is expected to made in 2025.
Automakers produced fewer cars in the UK last year, and output is poised to fall again in 2025 — potentially to the lowest in more than 70 years.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Jaguar Land Rover Automotive, the British arm of Tata Motors Ltd, is planning to raise $500 million through an offshore loan, according to a company statement, joining a flurry of dollar debt deals from Indian conglomerates.
(Bloomberg) -- Tata Steel Ltd. reported a surprise profit despite a weak performance in Europe and a domestic price slump, as production rose in its home country, India. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan. 30Profit declined 38% to 3.2
Tata Steel Ltd. reported a surprise profit despite a weak performance in Europe and a domestic price slump, as production rose in its home country, India.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Tata Electronics said on Friday it will acquire a majority 60% stake in Pegatron Technology India to grow its manufacturing footprint.
Bajaj Auto Ltd., Tata Motors Ltd. and Maruti Suzuki India Ltd. should have found some support during last quarter’s festive season in an otherwise sluggish Indian economy.
Investors are growing increasingly selective with Indian shadow lenders’ debt, spelling trouble for smaller players in the market after the sector’s multi-year high foreign debt sales in 2024.
India's Tata Technologies reported a bigger-than-expected third-quarter profit, aided by improved demand in its services and technology segments. Tata Technologies provides engineering and technology services to automobile, aero and heavy machinery makers. Consolidated profit after tax fell marginally to 1.69 billion rupees ($19.52 million) in the October-December quarter, from 1.70 billion rupees a year ago.
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Tata Motors Ltd. said the cost of making electric cars has been declining due to cheaper batteries, narrowing the gap with fossil-fueled vehicles which have been traditionally cheaper to manufacture.
Valuations for the industries’ stocks soared to as high as a record 34 times one-year forward earnings
BENGALURU (Reuters) -India's No.2 software-services exporter Infosys raised its annual revenue forecast for the third time this financial year on Thursday as its U.S. banking and retail clients warmed up to spending more on discretionary projects. The sentiment echoed that of market leader Tata Consultancy Services and smaller rival HCLTech, which also highlighted early signs of discretionary spending picking up and an improvement in the demand environment. "We are seeing an improvement in the retail and consumer product industry in the U.S. with discretionary challenges easing," CEO Salil Parekh said in a press conference.
Suzuki Motor Corp.’s India unit, BYD Co. and VinFast Auto Ltd. are among carmakers gearing to showcase their new electric vehicles in New Delhi as the fight intensifies for the fastest-growing major automobile market where Tesla Inc. is conspicuous by its absence.
Mentions: TSLA
India's Tata Consultancy Services expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation's No. 1 software-services exporter, said. "We have heard about good holiday season sales (in the U.S.) that should boost consumer sentiment and manufacturing has some of the labour issues behind them," CFO Samir Seksaria told Reuters. Seksaria's cautious optimism highlights broader global economic uncertainties and sticky inflation that have forced clients to keep a leash on tech spending.
Tata Capital Ltd. is gearing up for its first dollar bond sale, according to people familiar with the matter, marking another addition to the wave of offshore debt sales by Indian shadow lenders over the past year.
The Nifty 50 and BSE Sensex have lost about 2% each so far this week due to sustained foreign outflows amid fears of a slowdown in corporate earnings as well as the rising potential for fewer U.S. rate cuts, which makes emerging markets a less attractive investment. Tata Consultancy Services posted roughly in-line third-quarter results, kicking off the quarterly earnings season, and gave, what analysts said was, encouraging signs about the revival of client spending, particularly in the key U.S. market.