Tata group – pressnews

Tata to buy Pegatron’s iPhone plant in India- All details you need to know

9Apr

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Technology

Tata to buy Pegatron’s iPhone plant in India- All details you need to know

[ad_1] Pegatron, the Taiwanese manufacturer, is reportedly in advanced negotiations to transfer control of its sole iPhone production facility in India to the Tata Group. According to sources familiar with the matter, this marks Pegatron's latest move in scaling back its partnership with Apple. Under the proposed deal, which has purportedly received Apple's approval, Tata Group is expected to hold a minimum 65% stake in a joint venture that would oversee operations at the Pegatron plant near Chennai. Pegatron would provide technical support and retain the remaining stake.Pegatron has 10,000 workers The joint venture would be operated by Tata Electronics, a unit of Tata Group, a major conglomerate in India. The Pegatron facility in India currently employs approximately 10,000 workers and...

India okays $15 billion of milestone chip plant investments, including that of Tata Group

29Feb

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Technology

India okays $15 billion of milestone chip plant investments, including that of Tata Group

[ad_1] India's government has approved $15.2 billion worth of investments in semiconductor fabrication plants, including a Tata Group proposal to build the country's first major chipmaking facility.Prime Minister Narendra Modi's cabinet approved Tata's plan to build an $11 billion site that can fabricate about 50,000 wafers per month, technology minister Ashwini Vaishnaw told reporters in New Delhi Thursday. The government also cleared Tata's separate proposal for a $3 billion-plus chip assembly plant, and a packaging venture between Japan's Renesas Electronics Corp. and the Murugappa Group's CG Power and Industrial Solutions Ltd. While still merely blueprints, the approvals advance India's semiconductor ambitions. Like a growing number of countries around the world, the Modi administra...

Tata Group plans to build semiconductor plant in Gujarat

10Jan

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Technology

Tata Group plans to build semiconductor plant in Gujarat

[ad_1] At an investment summit on Wednesday, Tata Sons chairman Natarajan Chandrasekaran said that the Tata Group is close to announcing plans to develop a semiconductor fabrication plant in Gujarat. This is the second big move by Tata in the span of a few months after it became the first Indian company to manufacture iPhones after acquiring the Wistrom plant near Bengaluru for approximately $125 million. Tata Group to build semiconductor plantThe comments came at the Vibrant Gujarat Global Summit, a business event being held in Prime Minister Narendra Modi's home state in one of his last major efforts to draw investments before a re-election bid. Chip manufacturing is a key plank of Modi's business agenda, but initial bids to offer $10 billion in incentives to the chipmaking industry ...

Tata plans new iPhone factory to hasten Apple’s India expansion; Set to employ 50000 workers

10Dec

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Technology

Tata plans new iPhone factory to hasten Apple’s India expansion; Set to employ 50000 workers

[ad_1] Conglomerate Tata Group plans to build one of India's biggest iPhone assembly plants, tapping Apple Inc.'s ambitions to increase manufacturing in the South Asian country.Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, according to the people, who declined to be named discussing unannounced plans. The goal is for the site to be operational in 12 to 18 months. The plant would bolster Apple's efforts to localize its supply chain and strengthen its partnership with Tata, which already has an iPhone factory it acquired from Wistron Corp. in the neighboring Karnataka state. Apple is diversifying its operations...

Tata Group to double the iPhone casing manufacturing capacity in Hosur plant to meet growing demand

28Nov

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Technology

Tata Group to double the iPhone casing manufacturing capacity in Hosur plant to meet growing demand

[ad_1] The Tata Group is actively pursuing an expansion of its iPhone-casing unit in Hosur, aiming to increase the size of the current plant by up to two times. The existing Hosur unit, established with a Rs. 5,000 crore investment and sprawling across 500 acres, currently employs over 15,000 individuals. Following the expansion, the workforce is expected to grow substantially, reaching between 25,000 and 28,000 employees.Strategic Partnership with AppleApple, in a strategic move to diversify its manufacturing beyond China, selected Tata Electronics as its vendor for the production of iPhone enclosures. The Economic Times reports that Tata Electronics is set to significantly enhance its capabilities in the contract manufacturing of high-end electronic items and accessories. Notably, the...

Exclusive Preview Of Air India’s New In-Flight Menu: A Look Inside Air India’s Kitchen

11Apr

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Health

Exclusive Preview Of Air India’s New In-Flight Menu: A Look Inside Air India’s Kitchen

[ad_1] Air India passengers are in for a fresh inflight dining experience as the airline is revamping the entire food menu. To match the varied preferences of the guests, Air India has expanded its food offerings to include international, modern Indian as well as regional Indian meals. The flight operator is set to regale its guests with a whole lot of gourmet meals, trendy appetisers and decadent desserts to choose from. Keeping up with the latest trend of healthy eating, the new menu will also feature a range of light meals that will not weigh down the fliers on the flight. Here are the details of the refreshed food options now available on all domestic and international Air India flights. Highlights of the new Air India inflight dining services: The menu cycles change every other day...

Tata nears iPhone plant takeover to grow Apple supply role

11Jan

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Technology

Tata nears iPhone plant takeover to grow Apple supply role

[ad_1] Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker. The airline-to-software conglomerate has been in talks with the factory's owner, Taiwan's Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people familiar with the process. The two firms discussed various potential tieups but talks have now centered on Tata taking a majority of a joint venture, the people said. Tata is set to oversee the main manufacturing operation, with support from Wistron, the people said, asking not to be named because the pl...

Tata Group to buy iPhone making facility in India; Know all details

30Nov

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Technology

Tata Group to buy iPhone making facility in India; Know all details

[ad_1] Tata Group could buy Wistron’s iPhone manufacturing facility in Bengaluru as part of a new deal. Tata Group could end up buying Wistron's iPhone manufacturing facility in India. Based on a new report by The Economic Times, it is said that the Tata Group is in talks with Taipei's Wistron Corp to buy its manufacturing facility in Karnataka for a sum of Rs. 5000 crore. Wistron's facility is one of Apple's top manufacturing vendors in India for its popular iPhone smartphones. There have been rumours of the Tata Group eyeing a share of the iPhone manufacturing scene in India for a while now, with a Government official hinting at the same.Wistron is one of the key manufacturers for Apple in India, joining forces with Foxconn to manage the demand for iPhones in India and several globa...