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Tata Sons may bank on TCS to clear telecom arms' AGR dues

It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The Economic Times



Tata Elxsi Q3 net profit jumps 14%; stock climbs 6%

Net sales for the quarter rose 4 per cent to Rs 423.43 crore

My grandfather and father died without a will. Can I get a share in my ancestral property?

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Room heater sales soar as mercury drops

The oil filled models are imported making it impossible for companies to meet up the current stock ou...

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  • Developers’ focus on right-sizing, right-pricing of new residential products and greater transparency due to increased regulation led to steadying of annual and half-yearly sales. Office transactions hit historic high of 60.6 million sq ft in 2019.

    The Coffee Day Group hopes to close its proposed sale of the Global Village tech park in Bengaluru to US private equity giant Blackstone in about a week's time, having crossed all major hurdles including government approvals and a green signal from most of its lenders.

    Vijay Sales MD on new trends that have seen sales improving over last few months, especially in December. Last year, November and December were washouts and now we are seeing a higher double digit growth which we have not seen in the last four years at all. Brands also have been very aggressive on marketing as well as pricing front.

    The country's largest two-wheeler maker Hero MotoCorp said sales in domestic market were at 4,12,009 units last month as compared to 4,36,591 units in December 2018, down 5.6 per cent. Similarly, Bajaj Auto also reported 21 per cent decline in motorcycle sales in domestic market at 1,24,125 units last month as against 1,57,252 units in the year-ago period.

    According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano throughout in 2019, selling just one unit in February. Tata Motors said no decision has been made yet on the future of Nano saying production planning of a car is a "conscious management of demand, system inventory and planned efficiencies".

    Future Group and Amazon are collaborating to sell products from apparel to grocery and thereby make the best of both physical and online selling and widen distribution. Amazon will be an authorized online sales channel for Future Retail while its stores and warehouses will be used as distribution centres by Amazon for quicker delivery.

    Sales of cars and SUVs went into a free fall in 2019, witnessing the biggest decline in over two decades.

    The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018, Tata Motors said in a regulatory filing.

    While the company’s maintained its sales in the auto segment during the quarter, its branded products & retail segment grew 23% QoQ while industrial products and projects grew 12% QoQ. According to provisional figures released by the company during Q3FY20, Tata Steel India’s production grew by 1.8% over Q3FY19 to 4.46 million tonne but remained flat on a QoQ basis.

    Foxx will be honoured with the award on the opening day of festival, which will run from January 2-13.

    The company registered sales of 3871 units, registering a 3.3% year on year growth for Q4 and over 15.41% growth over Q3 of 2019 with the overall annual sales volume closing at 13,786 units for January-December 2019. The growth in Q4 was after three quarters of consecutive decline in 2019.

    The fund will focus on tech businesses such as security, semicon and embedded devices.

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