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☆ Air India Express cancels scores of flights after about 100 cabin crew call in sick
▼ + stars: | 2024-05-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Air India Express operates more than 2,500 flights each week, servicing 45 domestic and international airports, according to its website. Around 100 cabin crew called in sick “at the very last minute” late on Tuesday, a source familiar with the incident told CNN. Since then, the Indian conglomerate has announced plans to merge Air India Express with AIX Connect, another of Air India’s subsidiary carriers. Air India Express said in Thursday’s statement that passengers whose flight is canceled, or delayed by more than three hours, can get a full refund or reschedule their flight for free. Air India will support the budget carrier through the current disruption by operating flights on 20 of its routes, it added.

Persons: ” Organizations: London CNN, Air India Express, CNN, ” Air India Express, Air India, Tata Group, AIX Connect, Air India’s, Air Locations: Air India

☆ India’s economy and Modi, Ambani, Adani: The three men shaping the next economic superpower
▼ + stars: | 2024-05-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +13 min

Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.

Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, ”, Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, ’, John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American

☆ India's Vistara cuts flights as pilots' protest over salary revision leads to cancelations, delays
▼ + stars: | 2024-04-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Tata Group currently owns a 51% stake in Vistara, and the remaining 49% is owned by Singapore Airlines. India's Vistara airline has cut flights following cancelations and delays all week as pilots have been on a strike of sorts over salary revisions. Tata Group, which owns a 51% stake in Vistara — the remaining 49% is owned by Singapore Airlines — announced its merger with Air India. Pilots used to "get the same amount of money" whether they flew for 10 or 70 hours earlier — even though the minimum was 70 — he said. The new structure will cut the salary from about $7,400 (for 70 hours but not always enforced) to $5,200 for a strict 40 hours, he said.

Organizations: Tata Group, Singapore Airlines, Air India, Singapore Airlines —, CNBC, Pilots, Tata Locations: Vistara, Air India, India

☆ Air India is rebranding after years of decline. Here are the biggest changes, from updated uniforms to swanky new Airbus A350s.
▼ + stars: | 2024-02-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

The new plane launched on domestic routes, like Bengaluru and Mumbai, in January and will eventually launch overseas, Air India says. It's very likely to fly to the US, though Air India has yet to release specific cities. Air India's business class is also way behind industry standards. Flight attendants and pilots are getting a makeoverIn December, Air India released photos of its new crew uniforms. Ground staff, engineers, and security personnel are also set to get new uniforms, which Air India said it will reveal in "due course."

Persons: —, Campbell Wilson, Taylor Rains, It's, Wilson, Christophe Archambault, Manish Malhotra Organizations: Service, Air India, Tata Group, Air, Business, Tata, Airbus, Boeing, Wings, Paris Airshow, Airbus A320neos, Russian, Aeroflot, India's Boeing, Qatar Airways, Delta Air Lines, Emirates, Q, Getty Images Air, Air India's Boeing Locations: India, Hyderabad, Bengaluru, Mumbai, Air India, AFP, Getty Images Air India, Qatar, Emirates

☆ I toured Air India's new A350 business class after flying its old 777 product for 13 hours. The difference is night and day.
▼ + stars: | 2024-02-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Air India is rebuilding its reputation after falling into disarray under state ownership. I found the cabin a major upgrade after flying Air India's old legacy business class for 13 hours. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tata Group — which first founded Air India in 1932 before it was nationalized in 1953 — bought back the carrier in 2021. Under renewed management, Air India has vowed to improve its reputation, which has been plagued by broken seats and filthy planes.

Persons: —, it's Organizations: Airbus, Air, Service, The Tata Group, Air India, Business Locations: India, Air India

☆ I flew 13 hours in business class on Air India from New York to Delhi. The seat was awkward and offered no privacy, but wasn't as bad as I feared.
▼ + stars: | 2024-02-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

Air India is getting a makeover. During its golden days, Air India was considered a top-tier carrier with fancy on-board bars, lounges, and luxe cabins. However, the government took over in the 1950s and ran Air India into disarray. Under Tata, however, the company has invested hundreds of millions into a total revamp — including everything from updated uniforms to fancy new business class seats. AdvertisementTo see the transformation, I tried out Air India's old — and notoriously awkward — Boeing 777-300ER business class product from New York to New Delhi (Business Insider paid a media rate).

Organizations: India, Tata Group, Air, Tata, Boeing, Business Locations: Air India, New York, New Delhi

☆ I toured Air India's new Airbus A350 — which it hopes will compete with elite competitors like Emirates and Qatar. See inside.
▼ + stars: | 2024-01-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAir India welcomed its new Airbus A350 in December — a first for the nation's flag carrier — and it's an incredible improvement from the airline's notoriously mediocre product. This story is available exclusively to Business Insider subscribers. The next-generation aircraft represents a new era for Air India, which debuted the Airbus model on Monday. To see the progress, I toured Air India's new A350 widebody at the Wings Airshow in Hyderabad last week — and I think customers have a lot to look forward to.

Persons: — Organizations: Service, India, Airbus, Business, Air India, Tata Group, Air, Wings Locations: Hyderabad

☆ India is a breakout star during a tough year for emerging markets investing
▼ + stars: | 2023-12-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The India SENSEX Index, an index of 30 large companies listed on the Bombay Stock Exchange, is up 18% this year. The iShares MSCI India ETF (INDA) is at a new high. You run several international ETFs focused on the internet and ecommerce, including the India Internet & Ecommerce ETF (INQQ). The internet companies are the fastest growing consumer companies. The India Internet economy may grow 500% by 2030.

Persons: Burton Malkiel, Kevin Carter, Todd Sohn, There's Organizations: Bombay Stock Exchange, Edge, Chemical Bank, Princeton University, EMQQ, India, Ecommerce, Strategas Securities, Microsoft, Apple, India's Tata Group, Bajaj Financial, China ETF, White House Locations: Europe, India, China, United States

☆ India's Tata Technologies soars 140% in pre-open debut trade
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville/File Photo Acquire Licensing RightsBENGALURU, Nov 30 (Reuters) - Shares of India's Tata Technologies (TATE.NS) surged 140% in their trading debut on Thursday, valuing the company at 486.80 billion rupees ($5.84 billion). The stock debuted at 1,200 rupees in pre-open trade, compared with its initial public offer (IPO) price of 500 rupees. This is the first Tata Group company to go public since Tata Consultancy Services (TCS.NS) listed in 2004. ($1 = 83.3040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Rama Venkat, Mrigank Organizations: Tata, REUTERS, Rights, India's Tata Technologies, Tata Group, Tata Consultancy Services, Thomson Locations: London, Britain, Bengaluru

☆ India's Tata Technologies' IPO garners bids worth over $18 bln
▼ + stars: | 2023-11-24 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

A Tata sign is seen outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville//File Photo Acquire Licensing RightsBENGALURU, Nov 24 (Reuters) - India's Tata Technologies' 30.43 billion rupee ($366 million) initial public offering (IPO) remained the most oversubscribed domestic IPO this week, signalling robust demand for the Tata group's first public float in nearly two decades. Investors bid for about 3.13 billion shares worth 1.56 trillion rupees ($18.74 billion) by the close of subscriptions on Friday, compared with the 45 million shares on offer, with institutional investors showing the most interest. This is the first Tata group company IPO since Tata Consultancy Services (TCS.NS) in 2004. Tata Technologies, which provides engineering and technology services to auto, aero and heavy machinery makers, will be valued at 202.83 billion rupees at the top-end of its price band of 475-500 rupees.

Persons: Toby Melville, Arun Kejriwal, Rama Venkat, Sonia Cheema Organizations: Tata, REUTERS, Rights, India's Tata Technologies, Tata group's, Kejriwal Research, Investment Services, Tata Consultancy Services, Tata Technologies, Fedbank Financial Services, Flair, Industries, Indian Renewable Energy Development Agency, Gandhar Oil, Kejriwal, Thomson Locations: London, Britain, India, Bengaluru

[1/2] British Prime Minister Rishi Sunak speaks during the opening session of the Global Food Security Summit at Lancaster House in London, Britain November 20, 2023. Years of political churn - with five prime ministers and a non-stop ministerial carousel since the 2016 Brexit vote - have shaken Britain's reputation for stability among investors. Some executives say the country, long a magnet for FDI, has simply taken them for granted. But companies and investors say that a focus by regulators on limiting costs for bill-payers in sectors such as water, telecoms and energy has crimped investment. British investment minister Dominic Johnson said the government would be in listening mode at the gathering on Nov. 27 to hear how it can remove hurdles.

Persons: Rishi Sunak, Dan Kitwood, Sunak, Emanuel Macron, Jack Paris, Paris, Jeremy Hunt, EY, Alina Osorio, Mikhail Taver, Richard Harrington, Harrington, Dominic Johnson, Johnson, Kate Holton, Sinead Cruise, Andy Bruce, Alexander Smith Organizations: British, Global Food Security, Lancaster House, Hampton Court, Partners, Reuters, European Union, United, Labour Party, India's Tata Group, Britain, AstraZeneca, Ireland, Thomson Locations: London, Britain, Hampton, France, Versailles, European, Germany, United States, Europe, Delaware

☆ India's Tata Technologies sets IPO price band at 475-500 rupees per share
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, Nov 16 (Reuters) - India's Tata Technologies on Thursday set a price band of 475 rupees to 500 rupees per share for its initial public offering (IPO), according to a newspaper advertisement. The IPO, which is a first from the Tata Group in nearly two decades, will have an offer for sale of up to 60.9 million shares from existing shareholders, including Tata Motors (TAMO.NS). The offering will open for bids for anchor investors on Nov. 21, while retail investors can make offers between Nov. 22 to Nov. 24. Reuters last week reported that Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some U.S. hedge funds to invest in its IPO at a valuation of $2.5 billion. Reporting by Rama Venkat in Bengaluru; Editing by Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Rama Venkat, Sohini Goswami Organizations: India's Tata Technologies, Tata Group, Tata Motors, Reuters, Tata Technologies, Morgan Stanley Investment Management, Thomson Locations: BENGALURU, Blackrock, Bengaluru

☆ Singapore Airlines posts record half-year profit as air travel demand soars
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. "The robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan," the airline said in a statement. Singapore Airlines and its budget arm, Scoot, carried around 17.4 million passengers during the half-year, an increase of 52.3% year-on-year. The firm also intends to redeem 50% of the zero-coupon mandatory convertible bonds (MCBs) that it issued in June 2021 to support its balance sheet amid an almost total shutdown of air travel during the pandemic. ($1 = 1.3543 Singapore dollars)Reporting by Rishav Chatterjee and Nausheen Thusoo in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Rishav Chatterjee, Nausheen, Janane Organizations: Singapore Airlines, Singapore, REUTERS, Companies, India, Air India, India's Tata Group, Thomson Locations: Singapore, Asia, North Asia, China , Hong Kong SAR, Japan, Taiwan, Bengaluru

☆ India's aviation watchdog proposes less work, more rest for pilots - draft
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis Mascarenhas Acquire Licensing RightsNEW DELHI, Nov 4 (Reuters) - India's air safety watchdog proposes reduced night work hours and more rest for pilots, among measures to address rising complaints of pilot fatigue, according to draft regulations seen by Reuters on Saturday. The proposal from the Directorate General of Civil Aviation come more than two months after it decided to conduct a review of pilot fatigue data collected during spot checks and surveillance of airlines. The review was launched after an IndiGo (INGL.NS) pilot collapsed and died in August before his flight. Changes would include cutting the maximum flight duty period to 10 hours from 13 hours for pilots operating at night, and increasing the minimum weekly rest period to 48 hours from 36 hours. IndiGo, India's biggest airline, has said the pilot who died had a 27-hour break before duty and was in good health.

Persons: Francis Mascarenhas, Aditi Shah, YP Rajesh, William Mallard Organizations: IndiGo, REUTERS, Reuters, Civil Aviation, Tata, Air, India's, YP, Thomson Locations: Chhatrapati Shivaji International, Mumbai, India, DELHI, Air India

[1/2] A miniature airplane is placed on the displayed Air India Express and Akasa Air logos, in this illustration taken October 30, 2023. Akasa did not comment on its communication with Air India, but said the issue of pilot exits was "now behind us ... we are squarely back in growth mode". Air India declined to comment and the two chief executives did not respond to requests for comment. The dispute comes at the time of a hiring spree by Air India, with its arm, Air India Express, seeking to more than triple its fleet to 170 over five years. In recent weeks, Akasa has lost about a tenth of its 450 pilots, who left without serving out notice periods, some to join Air India Express.

Persons: Dado Ruvic, Campbell Wilson, Vinay Dube, missive Dube, Akasa, Wilson, Dube, India's Wilson, Aditya Kalra, Aditi Shah, Clarence Fernandez Organizations: Air India Express, REUTERS, Tata's, India Express, Air, Akasa, Reuters, Air India, Tata Group, Tata, of Indian Pilots, Thomson Locations: India, DELHI, Air India

☆ Tata to make iPhones in India after buying Wistron business
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File Photo Acquire Licensing RightsNEW DELHI, Oct 27 (Reuters) - Tata Group is set to start assembling Apple (AAPL.O) iPhones in India after Wistron Corp (3231.TW) approved the sale of its Indian manufacturing unit to the salt-to-software conglomerate, a minister said on Friday. A Tata company will start making iPhones in India for domestic and global markets, Deputy Minister for Information Technology Rajeev Chandrasekhar said on social media platform X. The Wistron board approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125 million, according to a statement from the Taiwan-based supplier shared by the minister. Apple has been touting India as its next big growth driver as it looks to move some production away from China.

Persons: Vijay Mathur, Information Technology Rajeev Chandrasekhar, Wistron, Narasapura, Munsif Vengattil, Blassy Boben, Alexander Smith Organizations: Tata Group, Confederation of Indian Industry, REUTERS, Apple, Wistron Corp, Tata, Information Technology, India, Limited, Tata Electronics Private Limited, Wistron, Pegatron Corp, Thomson Locations: New Delhi, DELHI, iPhones, India, Taiwan, China, Karnataka

☆ India's Tata Group mulls $1 bln infusion into super-app venture - Bloomberg News
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo Acquire Licensing RightsBENGALURU, Oct 19 (Reuters) - India's Tata Group is considering a $1 billion capital infusion into its super app Tata Neu to improve its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata may provide the capital in 2024, the report said, adding talks are ongoing and details of the deal could change. A super app combines multiple services onto one platform. Tata Neu was launched in April 2022 and offers products ranging from apparel to airline tickets, and aims to compete with a fast-growing market dominated by Amazon.com (AMZN.O) and Walmart's (WMT.N) Flipkart.

Persons: Vijay Mathur, Tata Neu, Ashna Teresa Britto, Sonia Cheema Organizations: Tata Group, Confederation of Indian Industry, REUTERS, Rights, India's Tata Group, Bloomberg, Tata, Reuters, Amazon.com, Thomson Locations: New Delhi

☆ India's Tata Group in talks with Temasek to buy back stake in Tata Play, Bloomberg reports
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo Acquire Licensing RightsBENGALURU, Oct 5 (Reuters) - India's Tata Group is in advanced talks with Temasek Holdings [RIC:RIC:TEM.UL] to buy back about 20% stake in its entertainment content distribution platform, Tata Play, at a valuation of more than $1 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata Group didn't immediately respond to a Reuters request for confirmation, and Temasek declined to comment. Bloomberg News had in July reported that Tata Group is considering making an offer to buy back Temasek's stake as the conglomerate was weighing delaying a potential initial public offering for Tata Play. Tata Play is a subscription-based video streaming service for television and over-the-top apps.

Persons: Vijay Mathur, Tata Group didn't, Ashish Chandra, Kashish Tandon, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: Tata Group, Confederation of Indian Industry, REUTERS, Rights, India's Tata Group, Temasek Holdings, Tata, Bloomberg, Temasek, Bloomberg News, Tata Play, Thomson Locations: New Delhi, Bengaluru

☆ The UK is delaying the switch to electric cars. Automakers are furious
▼ + stars: | 2023-09-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

A relaxation of 2030 would undermine all three,” Ford (F) UK chair Lisa Brankin said in a statement. “We and the whole automotive industry [need] clarity on the [EV] topic,” the German carmaker said in a statement shared with CNN. ‘Confusion’ will delay switch to EVsThe UK auto industry has been clawing its way back from rock bottom after car manufacturing hit a 66-year low in 2022. Reducing emissions from road transport “is the only way that you will achieve net zero,” Hawes told the BBC. The government’s own independent adviser on climate policy, the Climate Change Committee shares that view.

Persons: carmakers, Rishi Sunak, Sunak, “, ”, Sunak’s, ” Ford, Lisa Brankin, Brankin, carmaker, Mike Hawes, ” Hawes, Jobs, Sadiq Khan, ” Sunak, “ We’re, Alok Sharma, Simon Clarke, EVs, — Gemma Blundell, Doyle, Anna Cooban, Laura Paddison, Rob Picheta Organizations: London CNN, BMW, Oxford, Swindon, CNN, Fiat, Peugeot, Fiat Chrysler, France’s, India’s Tata Group, Society of Motor Manufacturers, Traders, BBC, Conservative Party, Labour Party’s London, Conservative Locations: Germany, France, Spain, Italy, Canada, Sweden, Ellesmere Port, Liverpool, Britain, London, Glasgow

☆ India's Infosys signs $1.5 bln contract to leverage AI solutions
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Sept 15 (Reuters) - India's second-largest software services exporter Infosys (INFY.NS) said it signed a $1.5 billion contract for a 15-year period with a "global company". Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday. Infosys did not name the company nor mention whether it is an existing client. In July, Infosys signed a $2 billion deal with an existing client to provide AI and automation services for five years.

Persons: Vivek Prakash, Manvi, Janane Organizations: Infosys, Electronics City IT, REUTERS, Rights, Nvidia, Reliance Industries, Tata group's Tata Consultancy Services, Thomson Locations: Bangalore, U.S, Manvi Pant, Bengaluru

A British steel industry worker displays a badge on his Tata Steel work clothing during a protest over jobs, pay and conditions of work, outside of the Houses of Parliament in London, Britain, June 28, 2023. Britain said Friday's deal would help to safeguard 5,000 jobs, but Tata Steel UK currently employs more than 8,000 people, raising the prospect of 3,000 redundancies, as the lower-carbon electric furnaces are less labour intensive. India-owned Tata Steel had long warned that without government help it could close the Port Talbot site. Britain's steel industry directly employs 39,800 people according to figures released by UK Steel in May, and supports a further 50,000 jobs in the supply chain. The government said Tata Steel UK would now inform and consult with staff and unions.

Persons: Toby Melville, Friday's, Kemi Badenoch, Port Talbot, Sharon Graham, Sarah Young, Farouq Suleiman, Elizabeth Piper, Sachin Ravikumar, Jane Merriman Organizations: Tata Steel, REUTERS, Port Talbot Tata Steel, Tata, Tata Steel UK, Business, Company, European Union, Tata Group, British Steel, UK Steel, Trade, Thomson Locations: London, Britain, steelmaking, India, Talbot, United States, England, British, Scunthorpe, Port Talbot

☆ BMW will invest $750 million to keep making the Mini in Oxford
▼ + stars: | 2023-09-11 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —BMW announced Monday that it would invest £600 million ($750 million) in building two new electric versions of the Mini in the United Kingdom. The commitment by the German automaker will secure the future of Mini production in Oxford, where the original classic version of the small car was born 64 years ago. Almost a year ago, BMW told the Times newspaper that it planned to shift all Mini production from Oxford to China for efficiency reasons. “Mini has always been aware of its history — Oxford is and remains the heart of the brand,” Stefanie Wurst, head of the Mini brand at BMW, said Monday. Robots work on the Mini production line at the BMW plant in Cowley, near Oxford.

Persons: London CNN —, Mini Cooper, ” Stefanie Wurst, Tolga Akmen, Susannah Streeter, Hargreaves Lansdown, Rishi Sunak, ” Organizations: London CNN, London CNN — BMW, Swindon, BMW, Times, Oxford, Government, Getty, Tata Group, Rover, Hargreaves Locations: United Kingdom, Oxford, China, Leipzig, Germany, Cowley, AFP

☆ BMW Says It Will Invest $750 Million to Build Electric Minis in Oxford
▼ + stars: | 2023-09-11 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

BMW said on Monday that it would invest 600 million pounds, or about $750 million, to build electric versions of its popular Mini car models in Britain. The German manufacturer’s move allays fears that the combination of Brexit and the shift to electric cars would pose a dire threat to automobile manufacturing in Britain, but questions over the sector’s long-term future remain. BMW’s announcement is the third major piece of good news for Britain’s beleaguered car industry in recent months. Tata Group, the owner of Jaguar Land Rover, said in July it would spend 4 billion pounds to build a battery plant in western England. And last week, Stellantis, the leading maker of commercial vans in Britain, began producing electric-powered vans at its plant near Liverpool, after a £100 million investment.

Organizations: BMW, Tata Group, Jaguar, Rover Locations: Britain, England, Liverpool

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Sept 8 (Reuters) - U.S. chip firm Nvidia and telecom-to-retail giant Reliance on Friday announced an AI partnership to create language models, generative apps and a cloud infrastructure platform for AI development in the South Asian nation. "Reliance will create AI applications and services for their 450 million Jio (telecom) customers and provide energy-efficient AI infrastructure to scientists, developers and startups across India," Nvidia said. Nvidia globally has a near-monopoly on the computing systems used to power services like ChatGPT, OpenAI's blockbuster generative AI chatbot. Reliance said the new AI infrastructure will speed up a range of India's key AI projects, including chatbots, drug discovery, and climate research. Separately, India's Tata Group too is set to announce an AI partnership with Nvidia later during Friday, a source with direct knowledge of the matter told Reuters.

Persons: Dado Ruvic, Mukesh Ambani, Grace Hopper Superchip, Reliance, Neil Shah, Munsif, Aditya Kalra, Sharon Singleton, Kim Coghill, David Evans Organizations: NVIDIA, REUTERS, Rights, Nvidia, Reliance, Counterpoint Research, Reuters, India's Tata Group, Thomson Locations: India, Bengaluru, Dhwani Pandya, Mumbai, New Delhi

☆ India's Tata Group set to announce AI partnership with Nvidia - source
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - India's Tata Group is set to announce an AI partnership with U.S. chip firm Nvidia (NVDA.O), a source with direct knowledge of the matter told Reuters. An announcement is expected later in the day, the source added. Meanwhile, India's Reliance and Nvidia said on Friday they have formed a partnership to create AI language models and generative apps for millions of telecom users of the Indian company. Reporting by Aditya Kalra in New Delhi; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Vijay Mathur, India's, Aditya Kalra, Saumyadeb Organizations: Tata Group, Confederation of Indian Industry, REUTERS, India's Tata, U.S, Nvidia, Reuters, Thomson Locations: New Delhi, DELHI

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