Ralph Speth News Today

Fans of the old Defender may still be outraged that their beloved Landy was discontinued, but the new range is Jaguar Land Rover’s global top seller.

The income of Tata Sons is mainly from tech giant Tata Consultancy Services (TCS) which made a profit of Rs 39,106 crore in FY23. Air India, where Tata Sons, had invested a huge amount is estimated to have made a huge loss in FY23.

Tata Sons got a dividend of Rs 33,252 crore in FY23 compared with Rs 11,499 crore in FY22. Of this, Rs 29,881 crore was from Tata Consultancy Services. TCS, in FY23, paid a dividend of 11,500% or Rs 42,090 crore to its shareholders. Tata Sons holds 72.27% of Indias largest IT exporter.

British motorcycle brand Norton is owned by TVS Motor Company, and the brand may soon expand into new segments, with possibly even mid-size products to compete with Royal Enfield.

Tata Sons board members, including Venu Srinivasan and Ajay Piramal, took a tour of the facilities of Tata Electronics in Bangalore and Hosur, which is set to become the conglomerates primary chip-manufacturing vehicle. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET.

Tata Sons board members, including Venu Srinivasan and Ajay Piramal, took a tour of the facilities of Tata Electronics in Bangalore and Hosur, which is set to become the conglomerates primary chip-manufacturing vehicle. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET.

Thierry Bollore, the CEO of Jaguar Land Rover, has resigned from the company citing personal reasons.Theirry Bollore joined Jaguar Land Rover as the CEO in September 2020.

► The challenges facing the sector... ► ...and car makers plans for the future The boss of Bentley Motors has warned that the added cost of a hard Brexit would slice a quarter off the car makers profits worldwide - and admitted that a last-minute deal with the EU was at the top of his Christmas wishlist. Speaking the week before Christmas, chairman and CEO Adrian Hallmark said: I sincerely hope some kind of common ground can be found in these last days of negotiations with the EU to find a ...