Page 3 - Engineering Research Development News Today

In a regulatory filing on Saturday 25 November 2023, Tata Motors confirmed that Tata Technologies' Initial Public Offering (IPO) is set at an offer price of Rs 500 per equity share with each face valu

The Tata Group company, which has launched its first IPO in the last two decades, plans to raise Rs 3,042 crore through the public issue.

At 10:42 am, the Rs 3,042 crore IPO was subscribed 1.21 times. The quota reserved for qualified institutional buyers was subscribed about 2 times, non-institutional investors 1.25 times. The portion reserved for shareholders of parent entity Tata Motors 1.26 times while the retail quota was subscribed 86%.

Tata Technologies, specializing in ER&D, delivers engineering and digital transformation services with a strong focus on the automotive industry. Leveraging extensive domain knowledge, it collaborates with major spenders in this sector.

Tata Investment Corporation has an opportunity of value unlocking from Tata Technologies IPO, according to analysts.

Back home, the PMI data show that while growth is robust, it is decelerating

2022 Bloomberg Gender-Equality Index key performance indicator supplemental document ...

Global ER&D Industry: The collaborative report titled Seizing the ER&D Advantage – Frontiers for 2030, offers a profound examination of the transformative forces shaping the ER&D industry and its trajectory into 2030. Five mega trends driving this growth include Digital Engineering, Climate & Sustainability, AI Augmentation, Service Orientation, Population and Skill Inversion.

HCL Q2 Result Today: The recovery, analysts said, will be aided by the contribution from its acquisition of the German automotive engineering company ASAP Group.

HCL Tech Q2: Kotak Institutional Equities said net new deal wins could be at a historical high, aided by the Verizon deal. It said EBIT margin is likely to improve 60 basis points sequentially, primarily aided by operational efficiencies.