Cyriac had joined Blackstone as its second employee in India in 2006, but left in February 2017 to start his own venture, having overseen the firm's first leadership transition in the country.

Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall inflation and increased commodity rates.

Trent has given multibagger returns of 109% in 2023, outperforming Nifty50 which has returned over 11% during this period. The last 12-month gains by this counter stand at 92%. Trent is trading above its 50-day and 200-day simple moving averages (SMAs), according to Trendlyne.

​Overall sales of passenger vehicles (PV), including electric vehicles (EV) were at 46,143 units as against 46,425 units in the year-ago month, down 1 per cent.

“We are working very hard from a business development perspective to deliver value to the existing customers but also to complement the existing portfolio of customers with new logos that have the ability and have the capacity to scale with the ambitions of growth that we have for our company.”

India has already demonstrated a high level of ambition and accomplishment on climate change. Progress is being made towards the goal Prime Minister Narendra Modi announced two years ago: reaching 50% clean energy by 2030.

The launch is a part of Tanishq's International business expansion strategy. Tanishq is also at the cusp of opening another store in Chicago, and thereafter in the Bay Area by early-mid next year. The company's expansion plans include opening 20 to 30 more locations in North America and the Middle East collectively over the next two to three years.

Beating all estimates in the grey market, where shares were said to be trading at a premium of about 80%, Tata Tech shares listed at a 140% premium and then went on to rally another 17% to take the total gain at day's high price to as much as 180%. In recent years, the best IPO in terms of listing gain was that of Sigachi Industries which debuted on November 15, 2021, at 253% premium. The stock debuted at Rs 575 per share against an issue price of Rs 163.

The cumulative OI of current, next and far series has surged by 5.63 per cent, which indicates overall long build up. While, Bank Nifty future has also witnessed long build up.

The sale comes as India logs a record number of listings in 2023, fueled by a booming stock market and optimism about the countrys economic growth. The frenzy reached a fever pitch last week when first-time share sales from five issuers, including Tata Technologies, garnered a combined Rs 2.5 trillion in application amount.

Tata Motors shares rose to a lifetime high of Rs 714.40 on the National Stock Exchange intraday, before settling at Rs 712.35 with a little over 2% gains. The gains in the stock were backed by strong volumes of more than 16 million shares, way above the three-month daily average trading volume of over 9 million shares.

Tata Motors hit a new high ahead of the November auto sales data. Nomura estimates Tata Motors PV sales for the month to fall 4 percent on-year

Amid a volatile trading session Indian benchmark indices ended in the green on Tuesday breaking from their two sessions losing streak. India VIX stood at 12.18, up 7.45% on Tuesday.

The findings across 700 companies show about 47% of firms intend to have 10% of their total workforce as apprentices in the next 6 months, while a substantial 31% are currently maintaining an apprenticeship share of 5-10% within their organisation.

Tata Motors has opened its fourth registered vehicle scrapping facility in Punjab, 'Re.Wi.Re - Recycle with Respect'. The facility, developed by Tata Motors' partner Dada Trading Company, can safely disassemble 12,000 end-of-life vehicles annually. The facility, which operates both passenger and commercial vehicles, is part of the company's commitment to eco-friendly initiatives.

Tata Technologies' top five clients including Vinfast contribute 57 percent of revenue and 71 percent of services revenue

Several automakers in India, including Maruti Suzuki, Mahindra & Mahindra, and Audi India, have announced plans to increase the prices of their passenger vehicles in January 2024. Tata Motors and Mercedes-Benz India are also considering price hikes. The reasons cited include overall inflation and increased commodity rates, leading to cost pressures.

"We are considering a price hike across our passenger and electric vehicles in January 2024. The extent of the hike and exact details will be announced in a few weeks," a Tata Motors spokesperson said.

The Tata group took over Air India on January 27, 2022 from the government which had put it on the block for privatisation. In the last 1 year, the airline has been charting out ways to leverage the strengths of the Tata group companies, including Tata Technologies that recently launched its IPO. Tata Technologies is "doing some work for us in digitising certain seat components so we can get spares manufactured amongst other things," said Wilson, adding Tata Alexi is helping the airline with a lot of "design work".

"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing

At the Narasapura facility, the recent takeover brings in hopes of better facilities, and a permanent position with Brand Tata.

"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing.

The proposals for the acquisition of these 15 aircraft are at an advanced stage in the defence ministry, in which nine planes would be procured by the Navy while six would be taken by the Indian Coast Guard.

The S&P BSE Sensex started on a cautious note in morning trade on Monday, led by gains in Bajaj Auto, ICICI Bank, HDFC Bank, RIL, and Dr Reddys Laboratories.

Black Friday 2023 heralds a transformative shopping season in India, mirroring the West's tradition. Top retailers like Croma, Amazon, Nykaa, Adidas, and more offer massive discounts, while the e-commerce surge reshapes the market. With electronics leading the fray, the iPhone 15 and gaming consoles steal the spotlight. As India embraces this global shopping frenzy, the stage is set for an unprecedented shopping extravaganza, promising unparalleled deals and a digital shopping bonanza for eager consumers.

Asserting that safety and security of customers' data is of paramount importance to the company, the spokesperson said, "We are investigating this claim and have notified the relevant authorities."

With almost a unanimous view that one cannot miss the opportunity to invest in an IPO from a Tata Group company, investors are taking a punt by applying in multiple categories.

Tata group last brought TCS to the market 20 years ago. As it turned out, the IT services company created enormous wealth for investors and in the process joined the elite list of most valuable companies in the country. Analysts see no reason why Tata Technologies can't create wealth for investors and are extremely bullish on the public offer.

“Now that the US markets have stabilized as have the debt markets and inflation seems to be coming under control, one could expect better prospects for all the technology companies – Tata Technologies, Tata Elxsi, TCS. Companies like Trent and Titan have been outliers. Other companies per se have done badly in the same group, but they continue to thrive pretty well.”

Analysts across the board have given a thumbs up to the IPO asking to subscribe to it or buy it post listing and have several positive reasons backing the same.

Tata Tech IPO, which closes on November 24, is the first from Tata Group since TCS, which is also one of the reasons why the issue is generating considerable buzz. Analysts are overwhelmingly positive on the issue and, in fact, prefer the IPO over four other issues currently open.

#TATAMOTORS TIME FRAME:-- 130MINBUY ONLY ABOVE___ 656TARGET____ 670SELL BELOW____ 640TARGET____ 625

The IPO of IREDA was booked 3.41 times so far on the second day of the bidding process, led by strong interest from non-institutional investors, whose category was subscribed 5.73 times. IREDA shares are commanding a premium of Rs 10 in the unlisted market against an offer price of Rs 31.

Besides, the brokerage has also shared the list of companies it remains bearish on given the challenges and risks to earnings growth. These are Tech Mahindra, Cummins India, Asian Paints, Gujarat Gas, and Tata Power.

“Tata Tech is the only Indian firm and among a handful globally that serves automotive clients in every stage of product's life cycle from the drawing board to the showroom floor. Now as the firm is expanding into aerospace to anchor clients, the long-term perspective looks attractive for Tata Technologies also.”

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%.

Following the Tata Tech IPO, Tata Motors' stake in Tata Tech will go down from 64.79% to 53.39%. At the upper price band, the manufacturing-focused engineering research and development company catering to the automotive industry has been valued at Rs 20,283 crore at a PE of 32.5x.

Tata Motors stock has rallied around 72 percent so far in 2023, outperforming benchmark Nifty 50 which has risen over 8 percent during this time.

Tata Tech IPO: Analysts advise investors to subscribe to the issue over fair pricing, strong brand presence and strong financials. "Considering the growth opportunities and strong fundamentals of Tata Tech, we recommend a Subscribe rating for this IPO," said Ventura.

With the likes of M&M and Ashok Leyland gearing up for their small trucks segment, Tata Motors is feeling the heat of the competition.

The Board in consultation with book-running lead managers JM Financial, Citigroup Global Markets and BofA Securities finalised allocation of 1.58 crore shares to anchor investors at Rs 500 apiece. Some of the marquee funds which participated in the anchor round include Fidelity, HSBC, Goldman Sachs, JM Financial MF, Kotak MF, Axis MF, Motilal Oswal, Edelweiss MF, Mirae Asset among others.

In April this year, Tata Motors announced a strategic partnership with Inchcape plc as its distributor for commercial vehicles in Thailand. Inchcape plc will also establish an extensive network of 13 customer touchpoints -- including sales, service and spare parts -- strategically located to provide seamless assistance to its customers.

Tata Tech IPO is entirely an offer for sale (OFS) of 6.08 crore shares, under which, Tata Motors, Alpha TC Holdings and Tata Capital Growth Fund will offload their stakes. The IPO is priced in the range of Rs 475-500, where investors can bid for a minimum of 30 shares in one lot

Sales of heavy duty trucks that can carry more freight has grown in healthy double digits - by 15% in the first seven months of the year, said Vinod Aggarwal, president of the Society of Indian Automobile Manufacturers (SIAM) and VE Commercial Vehicles (VECV) chief executive officer and managing director. VECV is a joint venture between the Volvo Group and Eicher Motors.

In late 2016, Khambata quit the trusts citing professional commitments as the reason. That was just before the dispute between the Tata Trusts and the Shapporji Paoolonji Group began, which subsequently led to several litigations in many courts and quasi-judicial bodies.

A subsidiary of Tata Power, TPREL is a leading developer of renewable energy projects (including solar, wind, hybrid, round-the-clock, peak, floating solar, and storage systems, including battery storage) that it owns, operates, and maintains.

Tata Tech IPO offer gives investors an opportunity to invest in a leading global engineering services company with deep expertise in the automation industry focused on engineering research and development, Prashanth Tapse, Research Analyst, Senior Vice President Research at Mehta Equities said.

Shares of Tata Investment Corporation (TIC) have been on a winning run in the calendar year 2023 with the counter having doubled investors money on a year-to-date basis. The recent surge in the stock follows a value-unlocking exercise by Tata Motors in its subsidiary Tata Technologies through a Rs 3,000-crore IPO which opens on November 22.

Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.

Senior government officials in the know told ET Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India but New Delhi is not in favour of any company-specific exemptions.

The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer.

Indian automakers, including Tata Motors and Mahindra & Mahindra, voice concerns over potential import duty cuts for luxury electric vehicles like Tesla. The government explores options, considering a temporary reduction. Industry players fear adverse effects on existing investments and market positions.

The issue opens for public subscription on November 22 and will close on November 24. This will be the first IPO by any Tata Group company in the last 20 years

“IREDA looks like a good bet for people who want to participate. From a sector perspective, from a group perspective, that looks quite compelling. But I am baffled by Tata Technology. I am really trying to figure out what exactly this company is trying to do and what is the purpose of doing the IPO.”

Nifty IT has strongly outperformed the frontline indices on Thursday as it has surged by nearly 3%.

The fast-growing EV market in India is catching the eyes of global players. The UK is also looking at phasing out ICE (internal combustion engine) vehicles by 2035, and the British auto market is export-driven.

The issue size is estimated at ₹2,890 crore at a lower price band and ₹3,042 crore at the upper price band. The issue will close on November 24.

"I am really bullish on India given the way digital has pervaded the society here. Given that it is a price-sensitive market, India has the potential to establish something that it relevant to the world, so there can be a lot of exports from India, particularly in the EV space, given their competitive advantage."

“In the auto sector, clearly passenger vehicles as well as two-wheelers have done very well. There has been some amount of revival in the farm sector. But that is more company specific. Companies like Escorts are doing very well and that is because not just farm, but farm-related equipment are also doing well. As far as two-wheelers are concerned, this is the part of the consumer durable spend that is holding up. ”

From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top laggards, falling over 2% each. Power Grid, JSW Steel, Titan, and Bharti Airtel also opened in the red, while NTPC, Tata Motors, TCS, M&M, and IndusInd Bank opened in the green.

The issue size has been reduced from an earlier 9.57 crore shares to 6.08 crore equity shares now. The company had filed its IPO papers with Sebi in March this year and received approval from the regulator in June. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

#TATAMOTORS TIME FRAME:-- 130MINBUY ONLY ABOVE___ 656TARGET____ 670SELL BELOW____ 640TARGET____ 625