Tata Motors delivers hydrogen fuel cell-powered buses to IOCL
Tata Motors to restructure NBFC arms with Tata Capital for streamlined operations
Tata Motors is strategizing a significant restructuring move, aiming to separate its vehicle financing subsidiaries under Tata Motors Finance Ltd and merge them with Tata Capital. This initiative, as insiders revealed, seeks to streamline operations and alleviate the balance sheet leverage of the automotive giant.
The proposed process involves a share-swap agreement wherein Tata Sons, the conglomerate's holding company, will offer Tata Capital shares to Tata Motors, resulting in the latter acquiring a minority stake in Tata Capital.
Tata Capital, a flagship financial services e..
Mahindra, Tata Motors Set Patent Approval Record
In a noteworthy achievement, leading Indian automakers Mahindra & Mahindra and Tata Motors have received a record number of patent approvals in the fiscal year 2024. This milestone underscores the companies' commitment to innovation and highlights their efforts to strengthen their intellectual property portfolios.
Both Mahindra and Tata Motors have demonstrated a strong focus on research and development, investing in cutting-edge technologies and innovative solutions to drive competitiveness and sustainability in the automotive industry. The significant increase in patent approvals ref..
Tata Motors partners South Indian Bank for vehicle finance
Tata Motors announced that it had entered into a partnership with South Indian Bank to provide financing solutions to its commercial vehicle customers and dealerships. According to a statement released by Tata Motors, South Indian Bank will offer financing solutions for Tata Motors' entire commercial vehicle portfolio as part of the Memorandum of Understanding (MoU).
Rajesh Kaul, Vice President & Business Head Trucks at Tata Motors Commercial Vehicles, stated that facilitating easy access to financing solutions for commercial vehicles is a primary concern for their customers. He furthe..
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..