https://www-scmp-com.libproxy1.nus.edu.sg/rss/63072/feed Tata is an Indian multinational conglomerate company headquartered in Mumbai. Its activities span communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Major group companies are Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Taj Hotels. The group bought Jaguar Land Rover from Ford in 2008. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg More than a dozen of Apple’s Chinese suppliers are receiving initial clearance by India to expand in the country, helping the tech giant’s efforts to diversify its assembly network beyond China. AirPods and iPhone assembler Luxshare Precision Industry and a unit of lensmaker Sunny Optical Technology Group are among the companies gaining approval, people familiar with the matter said, asking not to be named because the permits are not public. The clearances from key Indian ministries are a step... https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3207244/apple-gets-boost-india-its-chinese-suppliers-are-given-green-light-expand?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/policy/article/3207244/apple-gets-boost-india-its-chinese-suppliers-are-given-green-light-expand?utm_source=rss_feed Wed, 18 Jan 2023 08:21:31 +0000 Tata Consultancy Services (TCS), India's biggest information-technology outsourcing company, aims to expand its network of 'global delivery centres' on the mainland to meet growing domestic and international demand. 'We're looking to add one or two more [global delivery centres] in the next few years,' TCS chief executive and managing director Natarajan Chandrasekaran said. Chandrasekaran pioneered the creation of TCS' global network delivery system, with multiple centres and round-the-clock... https://www-scmp-com.libproxy1.nus.edu.sg/article/997771/tata-unit-eyes-huge-growth-mainland?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/997771/tata-unit-eyes-huge-growth-mainland?utm_source=rss_feed Sun, 08 Apr 2012 16:00:00 +0000 Jaguar Land Rover, the British car maker owned by India's Tata Motors, aims to double its sales in Hong Kong over the next five years with an eye on boosting its profile both locally and in the mainland market, according to Joseph Lau, Hong Kong general manager for the brands at official distributor Inchcape. 'Hong Kong is a unique market because it is not very big ... but there are so many affluent Chinese visitors coming here,' said Lau. 'They see what is popular among Hong Kong people and... https://www-scmp-com.libproxy1.nus.edu.sg/article/988432/jaguar-land-rover-step-gear?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/988432/jaguar-land-rover-step-gear?utm_source=rss_feed Wed, 21 Dec 2011 16:00:00 +0000 Beijing has asked banks to cut loans to steel mills operating with outdated facilities and those adding production without real demand, as part of its efforts to rein in overcapacity. In a recent notice sent to local governments, steel industry and trading bodies and large steel mills, the Ministry of Industry and Information Technology also urged big players to limit output, especially of products with a serious supply glut. The local authorities should speed up closures of outdated facilities... https://www-scmp-com.libproxy1.nus.edu.sg/article/680237/banks-told-tighten-lending-outdated-steel-producers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/680237/banks-told-tighten-lending-outdated-steel-producers?utm_source=rss_feed Wed, 13 May 2009 16:00:00 +0000 Hong Kong is to play a bigger role in the mainland's space programme. The Chinese Aerospace Science and Technology Corporation, or CASTC - the nation's lead space- exploration agency - announced on Friday that the city had been selected as one of four sites to host facilities as part of an expanded programme. It is understood that rather than hosting launch facilities, Hong Kong will be used as a base for research and development of space and aerospace technologies. The curator of the Hong... https://www-scmp-com.libproxy1.nus.edu.sg/article/646794/hks-role-space-grow-agency?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/646794/hks-role-space-grow-agency?utm_source=rss_feed Sat, 26 Jul 2008 16:00:00 +0000 Executives in the European Union and the United States see Chinese and other Asian companies, which are increasing overseas buying, as prime competitors for merger and acquisition opportunities, according to a survey released yesterday. 'China's banks, sovereign wealth fund, and energy companies are flexing their muscles overseas in an increasingly sophisticated way,' said Kroll managing director Chris Leahy. 'They have a very high level of comfort on complicated transactions, for example... https://www-scmp-com.libproxy1.nus.edu.sg/article/633788/asian-companies-raise-profile-ma-activity?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/633788/asian-companies-raise-profile-ma-activity?utm_source=rss_feed Mon, 14 Apr 2008 16:00:00 +0000 Executives of hi-tech companies and their investors may well be haunted by memories of the 2002 tech-stock bubble as Indian companies boom amid global economic uncertainty. But this is being seen as merely a segment of the success that led Goldman Sachs to suggest in a report last January that India's economy will outgrow Britain's in a decade. Those monitoring this growth on behalf of Hong Kong investors acknowledge that India's tech and outsource sector may not wholly escape the credit-crunch... https://www-scmp-com.libproxy1.nus.edu.sg/article/624331/country-set-ride-out-market-storm-and-sustain-growth?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/624331/country-set-ride-out-market-storm-and-sustain-growth?utm_source=rss_feed Fri, 25 Jan 2008 16:00:00 +0000 The world's cheapest car was unveiled by India's Tata Motors, at US$2,500. If such a car was on sale in Hong Kong would you buy it, or would you share the environmental fears of India's green groups? Write to us https://www-scmp-com.libproxy1.nus.edu.sg/article/622758/driving-force?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/622758/driving-force?utm_source=rss_feed Sat, 12 Jan 2008 16:00:00 +0000 A politician on the campaign trail swaggers into a tea shop, surrounded by flunkies. As the young tea shop owner prepares a cup of tea, he asks the smug politician: 'What are your educational qualifications? What's your work experience? What roads and schools have you built?' Irritated, the politician, who simply wants his vote, asks: 'What is this? A job interview?' The tea shop owner replies: 'Yes, for the job of running the country.' Aimed at awakening young Indians from their apathy about... https://www-scmp-com.libproxy1.nus.edu.sg/article/610235/wake-and-smell-tea-ads-aim-rouse-apathetic-indians?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/610235/wake-and-smell-tea-ads-aim-rouse-apathetic-indians?utm_source=rss_feed Wed, 03 Oct 2007 16:00:00 +0000 Indian firm in talks to offer IT services as it pursues Greater China expansion Tata Consultancy Services, India's largest computer services provider, says it may provide information technology services to casinos in Macau as the company seeks to expand across the Greater China region. The company, which in December received an US$8 million order to set up a billing system for Companhia de Telecomunicaes de Macau (CTM), the largest telecommunications firm in the territory, last month opened... https://www-scmp-com.libproxy1.nus.edu.sg/article/591983/tata-consultancy-targets-macau-casinos?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/591983/tata-consultancy-targets-macau-casinos?utm_source=rss_feed Mon, 07 May 2007 16:00:00 +0000 Steel giants still expect efficiency gains, cost savings in consolidation at home Shanghai Baosteel Group and Shougang Group, two of the mainland's largest steel producers, are studying merger and acquisition opportunities overseas although the domestic market consolidation presents more cost savings and efficiency gains, their presidents said. Zhu Jimin, the president of metal alloy maker Shougang, said merger and acquisition activities among international companies had become a trend and ... https://www-scmp-com.libproxy1.nus.edu.sg/article/584429/shougang-baosteel-eye-overseas-expansion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/584429/shougang-baosteel-eye-overseas-expansion?utm_source=rss_feed Fri, 09 Mar 2007 16:00:00 +0000 Tata Consultancy Services, India's largest information technology service provider, has set up a joint venture in Beijing with Microsoft and three mainland partners in a bid to tap the country's emerging financial services sector. The new venture has won a multimillion-dollar contract to set up a yuan-denominated forwards trading system for the China Foreign Exchange Trade System, a central bank-held platform for interest rate and foreign exchange products. Tata Consultancy hopes demand for... https://www-scmp-com.libproxy1.nus.edu.sg/article/581913/tata-joint-venture-taps-financial-service-firms?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/581913/tata-joint-venture-taps-financial-service-firms?utm_source=rss_feed Tue, 13 Feb 2007 16:00:00 +0000 China is getting ready for a substantial wave of privatisation of state-owned enterprises. The biggest centrally controlled state companies remain off-limits. But many firms controlled by provincial and local governments will finally go on the block, as Beijing clears some of the last bureaucratic obstacles. In recent months central government officials have even begun using the term siyouhua (privatisation), a previously taboo word. Who will be the biggest beneficiaries? One obvious answer is... https://www-scmp-com.libproxy1.nus.edu.sg/article/451767/very-model-modern-asian-company?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/451767/very-model-modern-asian-company?utm_source=rss_feed Sun, 11 Apr 2004 16:00:00 +0000 Chongqing Iron & Steel has put a three-million-tonne ceiling on its annual crude steel production capacity for the next two years after the central government unveiled measures to contain over-investment in low-end production lines. At a press conference for the company's annual results, chairman Tang Minwei said it would focus on higher value-added downstream products. 'Unlike some companies which have set aggressive targets to expand to five million tonnes, six million tonnes or 10 million... https://www-scmp-com.libproxy1.nus.edu.sg/article/448066/chongqing-iron-sets-annual-output-limit?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/448066/chongqing-iron-sets-annual-output-limit?utm_source=rss_feed Fri, 12 Mar 2004 16:00:00 +0000 Tata, India's biggest business conglomerate, has denied paying bribes to then general Sani Abacha's regime in Nigeria and threatened to sue the Financial Times for defamation. Quoting a Swiss court order in money laundering investigations, the newspaper reported that several international companies, including Tata and Germany's Ferrostaal made illegal payments as part of the late dictator's 'system of systematic corruption'. According to the paper, Tata group paid US$40 million in bribes 'to... https://www-scmp-com.libproxy1.nus.edu.sg/article/439419/tata-denies-paying-way-nigerian-contracts?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/439419/tata-denies-paying-way-nigerian-contracts?utm_source=rss_feed Sun, 28 Dec 2003 16:00:00 +0000 H share Chongqing Iron & Steel plans to raise 800 million to 1.4 billion yuan (about HK$751.03 million to HK$1.3 billion) by issuing A shares in the first half of next year as part of funding for a five-year 2.08 billion yuan expansion of production facilities. News of the plan came after the company reported a 38.01 per cent year-on-year rise in net profit to 286.06 million yuan last year and an 11.23 per cent turnover increase to 4.18 billion yuan. Its shares surged 8 per cent to HK$1.35... https://www-scmp-com.libproxy1.nus.edu.sg/article/407741/steelmaker-seeking-13b-expansion?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/407741/steelmaker-seeking-13b-expansion?utm_source=rss_feed Fri, 28 Feb 2003 16:00:00 +0000 The mainland steel price should turn around after substantial falls in recent years, according to H share Maanshan Iron & Steel. The firm said it would strive to cut production costs to maintain profitability. President Zhu Changqiu said the domestic steel price should turn up this year thanks to the region's economic recovery and the mainland's expansionary fiscal policy to develop its western region. Last year, the price fell 160 yuan (about HK$149.69), or 8.37 per cent, to 1,750 yuan... https://www-scmp-com.libproxy1.nus.edu.sg/article/315501/maanshan-sees-price-steel-going-higher?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/315501/maanshan-sees-price-steel-going-higher?utm_source=rss_feed Fri, 28 Apr 2000 16:00:00 +0000 Diversified group South China Industries (SC Industries) has confirmed it will launch a general offer for subsidiary South China Strategic (SC Strategic) at 20 cents a share, valuing the company at $136.1 million. SC Industries bought 11.08 per cent of SC Strategic on May 26 at the same price after buying another 4.97 per cent stake of the firm during the 12 months to that day. https://www-scmp-com.libproxy1.nus.edu.sg/article/284187/south-china-industries-plans-general-offer-subsidiary?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/284187/south-china-industries-plans-general-offer-subsidiary?utm_source=rss_feed Fri, 04 Jun 1999 16:00:00 +0000 The mainland's largest stainless steel maker Taiyuan Iron and Steel (Group) Co (Tisco) is to invest about 720 million yuan (HK$670.17 million) to increase its share in the nation's stainless steel market which relies heavily on imports. The company, which produces steel sheets and plates in Shanxi, formed a subsidiary, Taiyuan Stainless Steel, to issue 250 million A shares. Tisco president Liu Yutang said the initial public offering in Shenzhen in May had raised about 1.05 billion yuan and... https://www-scmp-com.libproxy1.nus.edu.sg/article/247721/tisco-injects-cash-bid-gain-share?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/247721/tisco-injects-cash-bid-gain-share?utm_source=rss_feed Fri, 10 Jul 1998 16:00:00 +0000 Bengang Steel Plates said yesterday it had priced its 120 million A share offer at 5.4 yuan (about HK$4.96) per share. About 12 million would be issued to employees and would be listed six months after the flotation of the remainder, the company said. The offer would be made from November 3 to November 11. https://www-scmp-com.libproxy1.nus.edu.sg/article/217104/bengang-prices-share-offer?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/217104/bengang-prices-share-offer?utm_source=rss_feed Wed, 29 Oct 1997 16:00:00 +0000 Following recent government-approved ventures into overseas bond markets, Indian corporations are looking to the United States as a source of much-needed investment funds. With the aim of raising about US$2 billion, Indian firms are attracted to the US by the lower borrowing costs than those available in the domestic market. The successful overseas issues by Reliance Industries and Tata Engineering & Locomotive Company (Telco) has paved the way for public-sector majors, Hindustan Petroleum... https://www-scmp-com.libproxy1.nus.edu.sg/article/206117/firms-aim-raise-us2b-us-bonds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/206117/firms-aim-raise-us2b-us-bonds?utm_source=rss_feed Fri, 01 Aug 1997 16:00:00 +0000 The Danish port-builder AP Muller and Sambawan of Singapore have shown interest in the all-weather, deep-water direct berthing port at Gopalpur, Orissa, being jointly promoted by the Orissa government, the Minerals and Metal Trading Corporation, Tata Iron and Steel Company and the Steel Authority of India. Analysts said the Gopalpur Port Company had intended to induct an equity partner with expertise in port building from the outset. The port firm was expected to float a global tender soon,... https://www-scmp-com.libproxy1.nus.edu.sg/article/177455/firms-look-orissa-option?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/177455/firms-look-orissa-option?utm_source=rss_feed Thu, 10 Oct 1996 16:00:00 +0000 JARDINE Matheson took a strategic 20 per cent stake in India's Tata Industries. It said that Jardine companies would explore opportunities to combine forces in manufacturing, trading and distribution of consumer products, and real estate development. https://www-scmp-com.libproxy1.nus.edu.sg/article/155465/jardine-tata-stake?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/155465/jardine-tata-stake?utm_source=rss_feed Sat, 06 Apr 1996 16:00:00 +0000 INDIA'S economic liberalisation has inspired a new generation of exporters prepared to challenge for a stake in world markets. The phenomenon has seen traditional exports such as spices, carpets, basmati rice and handicrafts now supported by growing sales of automobiles, watches, liquor, software, electronic goods, herbal products and food. The arrival in India of multinationals had accelerated the trend to explore world markets, said economics commentator S. K. Aggarwal. 'Producing... https://www-scmp-com.libproxy1.nus.edu.sg/article/147389/meeting-challenges?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/147389/meeting-challenges?utm_source=rss_feed Thu, 25 Jan 1996 16:00:00 +0000 INDIAN financial institutions have torpedoed moves by multinational interests to increase stakes in their Indian operations to controlling levels. The institutions decided to oppose any preferential share allotment proposals which took the stakes of corporate promoters involved beyond the 26 per cent mark. This is despite the fact that all preferential offers have to be made only at market-related prices, and not at the heavy discounts that prevailed during most of 1994. The Securities and... https://www-scmp-com.libproxy1.nus.edu.sg/article/129620/plans-increase-stake-india-opposed?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/129620/plans-increase-stake-india-opposed?utm_source=rss_feed Wed, 30 Aug 1995 16:00:00 +0000 INDIAN Petrochemicals Corp (IPCL) has become the first government-owned company to raise money on international markets. The company has raised US$85 million through an issue of global depositary receipts (GDRs). Goldman Sachs was the lead manager and Merrill Lynch the co-lead manager of the Euro-issue for the 25 billion rupee (about HK$6.19 billion) company in which the Indian Government has a 65 per cent equity stake. It is expected that when the GDR is priced in London, it will be at... https://www-scmp-com.libproxy1.nus.edu.sg/article/100409/ipcl-raises-cash-global-markets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/100409/ipcl-raises-cash-global-markets?utm_source=rss_feed Mon, 19 Dec 1994 16:00:00 +0000 AS the failure of Videsh Sanchar Nigam Ltd's (VSNL) global depositary receipt continues to cast a pall over the emerging market sector, the next big test is already approaching. How the international investment community view the merits of Indosat - like VSNL, a state-controlled telecommunications giant - will be another key indicator in the immediate future for large scale flotations. It will also be closely watched by all countries expecting to sell off their state enterprises in pursuit... https://www-scmp-com.libproxy1.nus.edu.sg/article/73047/litmus-test-privatisation?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/73047/litmus-test-privatisation?utm_source=rss_feed Thu, 05 May 1994 16:00:00 +0000 WITH the volume of telephone traffic between Hong Kong and Canada growing by nearly 30 per cent a year, Teleglobe Canada has adopted a higher profile in the territory by opening its first Asia-Pacific office. Teleglobe Canada president and chief executive Andre Lebel yesterday said its Hong Kong-Canada business would be more than 100 million minutes and 20 million telephone calls this year. https://www-scmp-com.libproxy1.nus.edu.sg/article/44809/canada-line?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/44809/canada-line?utm_source=rss_feed Mon, 20 Sep 1993 16:00:00 +0000 THE privatisation of value-added telecommunications services in India has taken a big leap with the issuing of licences for electronic mail (E-mail) to private and public-sector companies. Sterling Computers has been given a licence to operate E-mail in 30 cities, while RPG Telecom, a company promoted by takeover tycoon Rama Prasad Goenka, has licences for the four big metropolitan areas - Bombay, New Delhi, Calcutta and Madras - as well as for Bangalore, Hyderabad, Pune and Ahmedabad. ... https://www-scmp-com.libproxy1.nus.edu.sg/article/43621/private-e-mail-licences-issued?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/43621/private-e-mail-licences-issued?utm_source=rss_feed Fri, 10 Sep 1993 16:00:00 +0000 THE long boardroom battle at Tata Iron and Steel (Tisco), India's largest company, has ended with the dismissal of 75-year-old Mr Russi Mody, the chairman, after his refusal to abide by a retirement policy. Mr Ratan Tata, deputy chairman and a member of the founding Tata family, succeeded Mr Mody, with the support of Mr J. R. D Tata, the family's 88-year-old patriarch. The Tisco board, meeting in Mr Mody's absence, dismissed him for allegedly attacking the company in the press. Mr Mody... https://www-scmp-com.libproxy1.nus.edu.sg/article/27188/row-threatens-top-indian-group?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/article/27188/row-threatens-top-indian-group?utm_source=rss_feed Sat, 24 Apr 1993 16:00:00 +0000