D-St Snapshot: Benchmarks Dip, Nifty IT Bucks Trend, Tata Heavyweights on Sensex

By Malvika Gurung Investing.com — The domestic market ended a volatile session on a muted note, extending losses to the fifth straight session on Tuesday. Gains in industry heavyweights like Reliance (NS:), ITC and Infosys (NS:) were offset by financial, banking and auto stocks. Equity benchmark indices ended marginally lower by 0.05% and slipped 0.066% or … Read more

Tata Group in rejig mode, 7 Tata metal companies to merge with Tata Steel (2nd Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies, mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Thursday approved the amalgamation of seven group companies with the former. The merging … Read more

Mega Merger: Seven Tata companies to amalgamate with Tata Steel (Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Friday approved the amalgamation of seven group companies with the former. The merging … Read more

Tata Steel to amalgamate seven companies with itself

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd will amalgamate seven group companies with itself, the company said. In a regulatory filing, Tata Steel said its Board of Directors at a meeting held on Friday has approved the seven schemes of amalgamation: 1. Tata Steel Long Products (NS:) Limited 2. The Tinplate Company … Read more

Tata Steel Mega-Merger With 7 Subsidiaries: Rationale, Swap Ratios & Deal Details

By Malvika Gurung Investing.com — In a move to consolidate businesses that share common synergies and unlock maximum value to shareholders, the leading steel manufacturing behemoth Tata Steel (NS:) will be amalgamating seven of its group companies with itself. In a board meeting conducted on Thursday, Tata Steel’s board approved the amalgamation of its seven subsidiaries, … Read more

Ratan Tata Declared PM CARES’ Chairman, 2 Others Appointed as Trustees: Full List

By Malvika Gurung Investing.com — The Indian industrialist and a former Chairman of Tata Sons, Ratan Tata has been named as the Chairman of the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund, or PM CARES Fund. At a meeting of the Board of Trustees of the PM CARES Fund conducted on Tuesday, chaired … Read more

Key Stocks in Focus: Tata Steel, M&M, Central Bank of India, SpiceJet & More

By Malvika Gurung Investing.com — Yes Bank (NS:): The private lender’s board has approved to sell stressed assets worth about $6 billion to equity firm JC Flowers ARC, which was the only bidder for the portfolio. Hero MotoCorp (NS:): The two-wheeler manufacturer has collaborated with the state-owned Hindustan Petroleum (NS:) to develop charging infrastructure for … Read more

Tata Group Multibagger Stock Hits New 6-Yr High, Soars 103% Since Sept 5

By Malvika Gurung Investing.com — Shares of the machinery industry company TRF (NS:) hit an upper circuit of 5% on Tuesday and recorded a fresh 52-week high of Rs 340.55 apiece for the sixth consecutive session. During this period, the Tata Group scrip rallied 101.7% and hit its highest level in more than six years in … Read more

Delhi HC allows Tatas’ appeal against cryptocurrency ‘TATA Coin’

New Delhi, Sep 19 (IANS) The Delhi High Court on Monday allowed an appeal by Tata Sons Private Ltd to grant an ad-interim injunction against Hakunamatata Tata Founders and others using the former’s trademark for doing online trading in cryptocurrency ‘TATA Coin.’ A bench of Justices Manoj Kumar Ohri and Mukta Gupta, in the order, … Read more

Shares of two Tata group companies on the upswing

Chennai, Sep 15 (IANS) The shares of two Tata group companies have been on the upswing, touching new highs at the bourses. The two are non-banking finance company Tata Investment (NS:) Corporation Ltd and material handling equipment manufacturer TRF Ltd. Tata Investment is an investment company promoted by Tata Sons and other group companies. During … Read more