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Tata Motors resumes operations across all plants in India

INDIAN automobile major Tata Motors on Tuesday (2) said it has resumed operations across all its manufacturing plants in India.

The company has restarted operations at all plants with Jamshedpur facility also getting approval on May 27, Tata Motors said in a regulatory filing.


Around 59 per cent of company's passenger vehicle showrooms, covering 69 per cent of the retail market, have commenced operations, it added.

"From supply side, 90 per cent of suppliers in commercial vehicle segment have received permissions to commence. Of the lot, only 60 per cent have been able to start supplies," Tata Motors said.

Tata Motors is a $45 billion organisation. It is a leading global automobile manufacturing company with a diverse portfolio including extensive range of cars, sports utility vehicles, trucks, buses and defence vehicles.

Tata Motors is present in over 175 countries, with a worldwide network comprising over 6,600 touch points. The company has sold over 8.5 million Tata branded vehicles globally.

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British American Tobacco

ITC Hotels' shares closed flat at Rs 207.80 (£1.73) on the NSE on Thursday

itchotels

British American Tobacco to sell stake in Indian hotel chain

Highlights

  • BAT to sell between 7 per cent and entire 15.3 per cent stake in ITC Hotels via block deal.
  • Proceeds will help company achieve target leverage range of 2-2.5x by end of 2026.
  • BAT acquired stake following ITC Hotels' demerger from parent company ITC in January 2025.
British American Tobacco announced on Thursday it plans to sell its stake worth about $776 m (£580 m) in in ITC Hotels through an accelerated bookbuild process, as the tobacco group moves to reduce debt on its balance sheet. BAT intends to offload between 7 percent and its entire 15.3 percent shareholding in the Indian hotel chain.

The company's wholly owned subsidiaries, Tobacco Manufacturers (India) Limited, Myddleton Investment Company Limited and Rothmans International Enterprises Limited will conduct the block deal with institutional investors.

The final number of shares sold will be determined to optimise overall pricing outcome for the group, BAT said. Funds raised from the transaction will help the company transition to its target leverage range of 2-2.5x adjusted net debt to adjusted EBITDA by the end of 2026.

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