DIRS.INFO The most relevant business & tech news

☆ 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 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

☆ 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

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

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

World at Work category · September 8, 2023 · 8:17 AM UTCWorkers at Chevron's liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.

Organizations: Workers Locations: Australia

☆ India's TCS expands partnership with Britain's JLR in over $1 billion deal
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull, Britain, December 15, 2022. REUTERS/Phil Noble/File photo Acquire Licensing RightsBENGALURU, Sept 6 (Reuters) - India's Tata Consultancy Services (TCS.NS) and Britain's Jaguar Land Rover (JLR) have expanded their partnership, valued at more than 800 million pounds ($1.00 billion) over five years, the two Tata Group companies said on Wednesday. As part of the partnership, India's top IT services exporter would deliver a range of services for the vehicle manufacturer spanning application development and maintenance to cloud migration, cybersecurity and data services. TCS had in June signed a $1.1 billion contract with British pension scheme Nest. Rivals Infosys (INFY.NS) signed three deals between June and August, while HCL Technologies (HCLT.NS) secured a $2.1 billion deal with U.S. telecom major Verizon last month.

Persons: Phil Noble, Nandan Mandayam, Shilpi Majumdar Organizations: REUTERS, Rights, India's Tata Consultancy Services, Rover, Tata Group, JLR, TCS, Infosys, HCL Technologies, U.S, Verizon, Thomson Locations: Solihull, Britain, India, States, Bengaluru

[1/2] A view shows packets of snacks on the shelves inside a Haldiram's restaurant in Mumbai, India, September 6, 2023. Tata Consumer shares surged and closed nearly 4% higher in Mumbai trade after Reuters reported news of the talks. The potential acquisition represents an exciting opportunity for Tata, the person said, adding: "Tata (Consumer) is seen as a tea company. A spokesperson for Tata Consumer Products said it "does not comment on market speculation". The $10 billion valuation sought by Haldiram's for the deal translates to 6.6 times its annual revenue of $1.5 billion, sources said.

Persons: Sriram, Tata, Mukesh Ambani's, Tetley, Haldiram's, Krishan Kumar Chutani, Bain, Ankur Bisen, Manohar Lal Agrawal, Aditya Kalra, Chris Thomas, Edwina Gibbs, Alexandra Hudson Organizations: REUTERS, India Tata, Tata, Pepsi, Bain Capital, Tata Consumer Products, Starbucks, Tata Consumer, Reuters, Haldiram's, Euromonitor International, Tata Group, CNBC TV18, Bikaji Foods, Alexandra Hudson Our, Thomson Locations: Mumbai, India, MUMBAI, DELHI, Singapore, United States, Bikaji

☆ India's Titan Co to raise stake in its subsidiary CaratLane
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: 1 min

MUMBAI, Aug 19 (Reuters) - India's Tata Group-owned Titan Co (TITN.NS) will acquire an additional 27.18% of equity shares in its subsidiary CaratLane Trading Pvt Ltd for 46.21 billion rupees ($555.81 million), it said in an exchange statement on Saturday. Titan has entered into a share purchase agreement to acquire all of the 91,90,327 equity shares held by the founder of CaratLane Trading Private Limited and his family members, representing 27.18% of the total paid-up equity share capital of CaratLane on a fully diluted basis, the release said. ($1 = 83.1400 Indian rupees)Reporting by Swati Bhat; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Swati Bhat, Kim Coghill Organizations: India's Tata Group, Titan Co, Trading, CaratLane, Limited, Thomson Locations: MUMBAI, CaratLane

☆ Air India reveals new logo, design and plans for the future
▼ + stars: | 2023-08-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

The colorful new livery design and logo are both part of a major Air India overhaul. We are in the midst of a total transformation to reimagine the role of India’s flagship airline,” Campbell Wilson, Air India’s CEO, said in a statement. “The new Air India is bold, confident and vibrant, but also warm and deeply rooted to its rich history and traditions that make Indian hospitality a global benchmark for standards in service.”The redesign includes a special custom font, Air India Sans, that will now be used across the brand. Air India is a member of the Star Alliance, which also includes Air Canada, United Airlines and Lufthansa. Air India’s makeover comes on the heels of a string of embarrassing headlines.

Persons: CNN —, ” Campbell Wilson, John F Organizations: CNN, CNN — India’s, Air, Tata Group, Etihad, Singapore Airlines, India, Airbus, Boeing, Indira Gandhi International, John F Kennedy International, Star Alliance, Air Canada, United Airlines, Lufthansa Locations: Air India, Emirates, India, Delhi, New York City

☆ iPhone 15 production begins in India as Apple aims to diversify from China: Report
▼ + stars: | 2023-08-16 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Apple supplier Foxconn is beginning production of the iPhone 15 in India as the company moves forward with its effort to diversify its manufacturing from China, Bloomberg reported Wednesday. Foxconn's Sriperumbudur plant is getting ready to deliver the new phones weeks after they begin shipping from China-based factories, Bloomberg reported, citing unnamed sources. After a meeting with India Prime Minister Narendra Modi at the White House this year, Apple CEO Tim Cook told CNBC that India represents a "huge opportunity." Apple has more recently ramped up iPhone production in India, assembling more than $7 billion worth there in the last fiscal year, Bloomberg earlier reported. Prior to that, iPhone assembly in India lagged China by six to nine months, Bloomberg reported, but that gap has significantly closed.

Persons: Sundar Pichai, Tim Cook, Narendra Modi, Foxconn's, Biden, Pegatron Organizations: Apple, Washington , D.C, Foxconn, Bloomberg, U.S, India, CNBC, Tata Group, YouTube Locations: Washington ,, India, China, iPhones

☆ Air India unveils new logo in rebranding push under Tata Group
▼ + stars: | 2023-08-10 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File PhotoNEW DELHI/BENGALURU, Aug 10 (Reuters) - Tata Group on Thursday unveiled a new logo, branding and plane livery for Air India as part of a multi-million dollar transformation of the former state-run carrier. The airline's new logo includes a design with golden, red and purple colours, and will replace the old logo of a red swan with orange spokes. Since taking control in 2022, Tata has spent millions of dollars to update Air India's old planes, while also placing an order for hundreds of new jets. "The vision we have for the airline is also in the backdrop of a new resurgent India where the aspirations of everyone are limitless," Air India chairperson N. Chandrasekaran said. Over the past year, Air India has expanded its network and flights to several new domestic and international destinations, but it still faces challenges in operating a seamless and timely schedule of flights.

Persons: Adnan Abidi, Campbell Wilson, Tata, Chandrasekaran, Wilson, Aditi Shah, Ganesh, Arun Koyyur Organizations: REUTERS, Tata Group, Air India, Tata, IndiGo, Emirates, Air, Thomson Locations: New Delhi, DELHI, BENGALURU, India, Air India, Bengaluru

☆ India's ITC to demerge hotel business into separate company; shares fall
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, July 24 (Reuters) - India's ITC Ltd (ITC.NS) said it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4% lower on Monday. Shares of ITC hit a record high earlier in the day before falling as much as 4.3% after the demerger was announced. Indian hotels have turned into a hot sector as pandemic-led disruptions eased, with operators enjoying higher rates and occupancy. The Indian hospitality industry is expected to witness rapid growth going forward, ITC said. The hotel business accounted for nearly 4% of ITC's total revenue from services and sales and contributed over 2% of its annual profit, according to its latest annual report.

Persons: Varun Vyas, Sohini Goswami Organizations: India's ITC, ITC Hotels, ITC, Tata, Indian Hotels, Taj Hotels, Marriott Hotels, Oberoi, Thomson Locations: BENGALURU, Bengaluru

☆ India's Tata Group to build $5 billion gigafactory in the UK
▼ + stars: | 2023-07-19 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

Anindito Mukherjee | Bloomberg | Getty ImagesThe Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian conglomerate set to invest more than £4 billion (around $5.17 billion) in the project. "This investment will be crucial to boosting the UK's battery manufacturing capacity needed to support the electric vehicle industry in the long term," the government said. "With an initial output of 40GWh it will also provide almost half of the battery production that the Faraday Institution estimates the UK will need by 2030," it added. So-called gigafactories are facilities that produce batteries for electric vehicles on a large scale. It's been widely reported that the U.K. will provide Tata with significant subsidies for the project.

Persons: Anindito Mukherjee, Elon Musk, It's Organizations: Tata Motors, India, Bloomberg, Getty, Tata Group, EV, Faraday, Tata Locations: Europe

☆ Britain upgrades to also-ran in EV battery race
▼ + stars: | 2023-07-19 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Prime Minister Rishi Sunak is joining the global arms race to secure future industries, but he has a long way to go. Europe may have 25 so-called gigafactories, vast plants that turn raw materials such as lithium into battery packs, by 2025. While both Theresa May and Boris Johnson tried, they failed to win over big global players like Tesla (TSLA.O), Samsung or Northvolt, which preferred European sites. The UK leader can at least now claim he can attract global players. But Tata’s 40 GWh of new capacity brings Britain’s total to just over 50 GWh by 2026, after factoring in the plant operated by China’s Envision in Sunderland.

Persons: Rishi Sunak, Joe Biden’s, Theresa May, Boris Johnson, Britishvolt, China’s, Sunak, George Hay, Pranav Kiran, Oliver Taslic Organizations: Reuters, Tata Group, Honda, Samsung, Tata, Rover, Toyota, The Society of Motor Manufacturers, Traders, Faraday, India’s Tata Group, Thomson Locations: Indian, Somerset, Japanese, Europe, United States, Britain, Sunderland

The new plant is expected to be built in Somerset, south-west England, while Jaguar Land Rover's UK factories are based near Birmingham, central England. With an initial output of 40 gigawatt hours, Britain said the factory would provide almost half of the battery production needed by 2030. The Faraday Institution has projected UK battery demand to reach over 100 GWh a year by that time. "With this strategic investment, the Tata Group further strengthens its commitment to the UK," Tata Sons Chairman N Chandrasekaran said in the statement. "Almost every car producing nation in the world (is) offering a lot of incentives in order to ensure that they preserve the integrity of their car industry," he said.

Persons: Danish Siddiqui, Rishi Sunak's, Sunak, N Chandrasekaran, Mike Hawes, Andy Palmer, Aston Martin, Jeremy Hunt, wouldn't, Alistair Smout, Sarah Young, William James, Paul Sandle, Emma Rumney Organizations: Tata Motors, REUTERS, Danish, India's Tata Group, Rover, Tata, BBC, European Union, Nissan, Rover's, Faraday, Tata Group, EV, BBC Radio, Britain, Thomson Locations: Mumbai, India, Britain, Spain, Somerset, England, Birmingham, United States, Europe, China, EU

☆ India's slow progress in becoming a chipmaking powerhouse to rival China is bad news for Apple
▼ + stars: | 2023-07-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Apple has long depended on China for manufacturing, but the relationship is getting complex. Two recent developments suggest India's push to become a viable alternative to China — and benefit Apple — are mixed. "Foxconn has determined it will not move forward on the joint venture with Vedanta," Foxconn said in a statement to Reuters. That's a critical blow to Modi, who set out chip manufacturing as a strategic part of his ambitions to level up India. Vedanta chairman Anil Agarwal tweeted that the joint venture meant "India's own Silicon Valley is a step closer now."

Persons: Foxconn, —, China's, Luxshare, JP Morgan, Tim Cook, Modi, Madhuri Dixit, Mukesh Ambani, Narendra Modi, That's, Europe's, Anil Agarwal, Agarwal Organizations: Apple, Apple ., Tata Group, Bloomberg, Vedanta, Reuters Locations: China, India, Asia, China's hawkishness, Taiwan, Vietnam, Beijing, Mumbai, iPhones, Karnataka, Modi's, Gujarat, Cupertino

It is a new challenge for formerly government-owned Air India, which Tata Group took over last year. The CCI, Air India and Vistara did not immediately respond to requests for comment. To address the CCI's concerns, Air India could make concessions such as giving up certain routes or reducing frequency, the second source said, adding that Air India remains confident the matter can be resolved by recommending certain changes. Vistara and Air India both fly on international routes such as London and Dubai and would need antitrust clearances in other jurisdictions, the first source said. Air India is expecting similar queries from foreign countries once it applies for clearance there, but is waiting for the India process to first close, the source added.

Persons: Vistara, Vaibhav Choukse, India's J, Choukse, Aditi Shah, Aditya Kalra, Gerry Doyle Organizations: Vistara, Air India, Tata Group, Tata, Air, The, of India, Singapore Airlines, India's, Sagar Associates, IndiGo, Thomson Locations: DELHI, Air India, India, London, Dubai

Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.

Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far

[1/5] Customers stand next to a counter at a Starbucks' outlet at a market in New Delhi, India, May 30, 2023. Starbucks plans to open more stores in smaller towns, said an industry source, who spoke on condition of anonymity. Soon after Starbucks' May launch of $3.33 milkshakes, designed to attract children, Third Wave launched its own range, a fifth cheaper at $2.71. He saw Starbucks' cheaper, small-sized drinks as a response to competition in "an incredibly price-sensitive market". "Going deeper into smaller cities, beyond the metros, is the only way to grow," said Ankur Bisen, head of retail at India's Technopak Advisors.

Persons: Sushant Dash, Tim Hortons, Devangshu Dutta, We've, chai, Chas Hermann, Sushant Goel, Matt Chitharanjan, Dash, Ankur Bisen, Sriram, Aditya Kalra, Anushree Fadnavis, Varun Vyas, Euan Rocha, Miyoung Kim, Sophie Yu, Hilary Russ, Clarence Fernandez Organizations: REUTERS, MUMBAI, Blue, Starbucks, Tata Group, BET, CHAI, Wave, Third, Reuters, Blue Tokai, India's Technopak, Thomson Locations: New Delhi, India, American, DELHI, U.S, Blue Tokai, China, Singapore, United States, Bengaluru, Delhi, Aurangabad, Beijing, New York

Search resuls for: "Tata Group"

25 mentions found