TATA GROUP GOVERNANCE
Haryana hikes wages after unrest; auto sector faces cost pressure
Haryana has increased minimum wages by 35 percent for unskilled workers. This decision follows factory protests and work boycotts by labourers facing higher living costs. The move aims to provide relief to workers struggling with rising food prices and disrupted gas supplies. However, it is expected to increase costs for India's auto industry.
Tata Investment, Tata Chemicals shares surge up to 8% after Mistry backs Tata Sons listing push
Shares of select Tata group companies moved sharply higher after Shapoorji Pallonji Mistry backed the case for listing Tata Sons, calling it a "necessary revolution" rather than a regulatory compulsion. Tata Chemicals rose as much as 8%, while Tata Investment Corporation gained around 6%, reflecting renewed investor interest in holding company and group-linked plays.
Tata Sons listing a ‘necessary evolution’, says Shapoorji Pallonji Mistry; seeks RBI clarity
Shapoorji Pallonji Mistry has again urged for Tata Sons to be listed publicly. He believes this move is a necessary step for the group's evolution. A public listing would improve governance, transparency, and accountability. Mistry argues it is in the public interest and would benefit all stakeholders. He stated no evidence shows it would harm Tata Trusts or their beneficiaries.
Tata Sons IPO: After Venu Srinivasan, Tata Trusts Vice Chairman Vijay Singh backs listing of Tata Sons, says report
A Tata Trusts trustee has backed listing Tata Sons via an IPO, aligning with growing support despite the group’s earlier stance to remain unlisted and explore alternatives to avoid going public.
Fintechs clash in cross-border payments; TCS closes FY26 strong
Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech Morning Dispatch.
UK awards $510 million to Tata's Agratas for Somerset EV battery gigafactory
Britain is providing 380 million pounds to Agratas, the battery division of India's Tata Group. This funding supports a new electric vehicle battery gigafactory in Somerset. The plant will boost domestic EV battery production and strengthen supply chains for zero-emission transport. It is set to be Britain's largest EV battery facility.
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Venu Srinivasan backs listing of Tata Sons
The Reserve Bank of India is expected to issue a revised circular on upper-layer NBFCs soon. The RBI's scale-based regulation (SBR) framework for NBFCs is under review. Officials have suggested that Tata Sons may not receive the RBI exemption it has sought from the upper-layer classification to avoid listing.
IT mojo returns pre-Q4 results; Flipkart's AI sprint
IT stocks have gained momentum ahead of Q4 results. This and more in today's ETtech Top 5.
Two CEOs' exits & crises in the skies: The turbulent year that tested India’s biggest airlines
Air India's CEO Campbell Wilson has stepped down following a year of operational, regulatory, and financial challenges, including a fatal crash and safety lapses. This exit mirrors IndiGo's recent leadership change after widespread flight disruptions due to pilot fatigue issues, placing both major Indian carriers in transition amidst market strain.
Tata Trusts row deepens as vice-chairmen allege concealment, forced resignation
Tata Trusts is in the spotlight as CEO Siddharth Sharma demands the resignation of vice-chairmen Venu Srinivasan and Vijay Singh. The two members assert that Sharma did not disclose a vital legal assessment from ex-CJI M.H. Kania related to eligibility criteria. While Srinivasan has resigned, Singh is yet to follow suit.
Local wheels ride smooth on country roads as Indian carmakers overtake foreign rivals
Indian car manufacturers are gaining ground in the domestic market. Tata Motors and Mahindra & Mahindra have seen their market share rise significantly. This shift is driven by a focus on SUVs and electric vehicles. Foreign competitors, particularly Korean and European firms, have ceded market share. Japanese automakers, despite Maruti Suzuki's leadership, are also experiencing changes.
M Pallonji Group gets IRDAI’s R1 nod for general insurance venture
The M Pallonji Group has received R1 approval from IRDAI for its general insurance venture, partnering with Divya Sehgal and Federal Bank. The group will hold a 51% stake, with Federal Bank and family offices providing additional capital. This move signifies a new wave of entrants in the insurance sector.
Will the coming earnings season(s) ring in more trouble for India Inc and investors?
When a large, diversified group with exposure across autos, IT, hotels, retail, consumer, industrials, aviation, and infrastructure starts preparing internally for cost pressure and slower demand, it is probably a signal that things will get tough. This is still an inference, but a grounded one: If a conglomerate with that breadth is belt-tightening, the risk is unlikely to be isolated to one sector. And that is something one should not ignore.
TPG to buy NIIF Green Infra NBFC Aseem for Rs 4,000 cr
US buyout group TPG, alongside ICICI Bank and GIC of Singapore, is set to acquire Aseem Infrastructure Finance Ltd for Rs 4,000 crore. This strategic move aims to accelerate green funding and investment initiatives in India, with the existing sponsors exiting the non-bank lender.
Test of Sarma Shiksha Abhiyan in Assam Polls amid welfare gains and social faultlines
Assam's election sees BJP promising daily expulsion of Bangladeshi infiltrators. Chief Minister Himanta Biswa Sarma's aggressive stance on immigration and religion shapes the campaign. Opposition unity and ethnic demands present challenges. Development in infrastructure and investment is noted. The election is crucial for Sarma's political future.
Where aircraft go when they need a safe haven – or to die. As the Gulf war draws attention to ‘boneyards’, where does India stand?
Wars, pandemics, and airspace closures have created a lucrative, if niche, global industry: Specialised airports, called aircraft boneyards, that make money storing idle fleets – or performing their last rites. As the Gulf conflict forces airlines of the region to scale down operations, ET Prime maps this little-known ecosystem that is a safe haven for aircraft. What it costs, how it works, the crises that have filled these remote airports in the past. And, why does India – with the world’s third largest domestic aviation market and periodic airline-related crises – have nothing like it?
Airtel & Tata Telcos pay first instalment of AGR liabilities
People aware of the details told ET, the Department of Telecommunications has received over Rs 13,000 crore - around Rs 9,200 crore from Bharti Airtel and about Rs 4,100 crore from Tata Teleservices. March 31 was the last day to make the payments but it being a government holiday, the companies paid the amount Monday.
Bharti Airtel’s Nxtra gets $1 billion from Carlyle, Alpha Wave
Bharti Airtel is injecting one billion dollars into its data centre business, Nxtra Data Limited. Alpha Wave Global, Carlyle Group, and Anchorage Capital are contributing significant funds. Airtel will retain control of Nxtra. This strategic move aims to bolster Nxtra's capabilities. The deal awaits Indian regulatory approval.
Framing the future: How the enduring legacy of India AI Impact Summit 2026 can power Viksit Bharat
From Union Minister Ashwini Vaishnaw’s 58,000 GPU expansion commitment to a Guinness World Record for validated pledges, from Reliance Chairman Mukesh Ambani’s Rs 10 lakh crore commitment to the landmark Nandan Nilekani-Dario Amodei dialogue, the India AI Impact Summit 2026 delivered big on vision and scope. One month on, its conversations continue to shape India’s Viksit Bharat 2047 trajectory.
Iran war’s gas supply shock pushes top consumers back to coal
A second gas supply crunch in just over four years is pushing countries across Europe and Asia to fall back on the black stuff, perceived as a readily available alternative. Add in US political support, and coal’s long goodbye begins to look even more protracted, a reversal that threatens to undo years of progress on curbing harmful emissions.
DoT rules out Vi-like relief for Airtel, Tata Teleservices; telcos must pay ₹10,000 cr AGR dues by March 31
Bharti Airtel and Tata Teleservices face a March 31 deadline to pay approximately ₹10,000 cr in adjusted gross revenue dues. This payment is mandated by a Supreme Court order. Unlike Vodafone Idea, these companies have not received specific relief. Failure to comply will be considered contempt of court. Bharti Airtel owes over ₹5,000 cr, and Tata Teleservices over ₹4,000 cr.
Indian capital, British soul: How TVS Motor Company and the West Midlands are rewriting the rules of global mobility
TVS Motor Company is breathing new life into the iconic British brand Norton. A significant investment is establishing a new manufacturing hub in Solihull, UK. This collaboration leverages India's engineering scale and cost efficiency. The partnership aims to produce premium motorcycles for global markets. Research in lightweighting materials is also a key focus.
PM Modi inaugurates Noida International Airport, Delhi-NCR’s second international airport at Jewar
Prime Minister Narendra Modi inaugurated Phase I of Noida International Airport in Jewar. This marks the opening of the National Capital Region's second international airport. The project represents a significant greenfield aviation development. Uttar Pradesh Chief Minister Yogi Adityanath hailed it as a launchpad for the state's bright future.
Noida International Airport: Here’s everything you need to know about India’s newest international airport
Noida International Airport, DXN, opens March 28, 2026. It will serve Delhi and Western Uttar Pradesh. IndiGo, Akasa Air, and Air India Express will fly from here. The airport features a single runway and terminal in its first phase. It connects directly to the Yamuna Expressway. The airport has received key clearances and is nearing full operational status.
India's undersea turbulence; Anthropic's courtroom win
The government has asked telcos and subsea operators to assess risks to India's data cables amid the war in West Asia. This and more in today's ETtech Top 5.
18 BSE 500 firms outshine FY25 metrics in just 9 months; finance, capex plays lead surge
Stealing the show: Only 18 BSE 500 firms surpassed their FY25 revenue, EBITDA, net profit and margins in the first 9 months of FY26 l Finance & capital goods cos led the pack amid credit growth and infrastructure push
Airbus mulls final assembly line in India after Embraer
Airbus is considering setting up a final assembly line (FAL) in India for its ATR regional aircraft, driven by the government’s push to expand connectivity in smaller cities. The company is in talks to assess the business viability, even as it already operates two FALs in India with Tata Advanced Systems Limited.
Aloke Singh is IndiGo's new chief strategy officer
IndiGo has appointed Aloke Singh as its new Chief Strategy Officer. Singh will guide the airline's future plans, including introducing the Airbus A350 aircraft in 2028. This move will allow IndiGo to operate long-haul flights. Singh's appointment follows a period of leadership changes. He brings extensive experience in aviation strategy and operations.
Tata Steel adds EAF route to produce steel; commissions Rs 3,200-cr project in Punjab
Punjab Chief Minister Bhagwant Mann inaugurated Tata Steel's new electric arc furnace in Ludhiana. This facility, built with an investment of nearly Rs 3,200 crore, uses scrap to produce steel. It is designed for lower carbon emissions and will utilize renewable energy. The plant will produce construction grade steel rebar under the Tata Tiscon brand.
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