CCI approves merger of TCCL and TCFSL into TCL

16 Aug 2023 CW Team

The Competition Commission of India (CCI) has granted approval for the merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited (TCL). This proposed consolidation entails the integration of TCFSL and TCCL under the banner of TCL.

TCL is recognized by the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Accepting Core Investment Company (CIC). Its primary function involves holding investments in subsidiary entities, and actively involved in lending operations. It also offers a comprehensive range of financial services and products, including management and advisory services for private equity funds, all in accordance with RBI directives and guidelines for CICs.

Being a wholly-owned subsidiary of TCL, TCFSL is registered with the RBI as a Systemically Important Non-Deposit Accepting Non-Banking Financial Company. Its core activities revolve around lending services and providing various financial products and services.

TCCL, on the other hand, functions as a subsidiary of TCL and is designated as a Systemically Important Non-Deposit Accepting Non-Banking Financial Company by the RBI. TCCL's business operations primarily focus on offering cash flow-based financial solutions and advisory services for an array of projects spanning renewable energy, energy efficiency, waste management, water management, and other infrastructure projects.

This strategic merger aligns with the ongoing developments in the financial services sector, paving the way for greater synergy within the Tata Group's financial arm.

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..