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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..
IL&FS Requests New MMRDA Nod for Mumbai HQ Transfer
IL&FS has sought renewed approval from the Mumbai Metropolitan Region Development Authority (MMRDA) to transfer its headquarters within Mumbai. This move indicates IL&FS's commitment to navigating regulatory requirements amid ongoing restructuring efforts.
IL&FS's request for new approval underscores its determination to ensure compliance with all necessary regulations and expedite the headquarters transfer process. It reflects the company's efforts to streamline its operations and address administrative challenges as part of its restructuring endeavours.
The need for fresh appro..
Malaysian Carbon Credit Auction Begins July
In a significant move towards environmental sustainability, Malaysia's carbon exchange will host its first local carbon credit auction in July. This event marks a pivotal step in the nation's commitment to reducing carbon emissions and fostering a green economy.
The Malaysian carbon exchange aims to provide a structured marketplace for carbon credits, where companies can buy and sell these credits to offset their carbon footprints. This initiative aligns with global efforts to mitigate climate change by encouraging businesses to adopt more sustainable practices.
The auction w..
