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The Hindu
a day ago
- Business
- The Hindu
Remained steady in a market driven by economic shifts, changing gold prices, says Titan Company
In a market driven by economic shifts, changing gold prices and evolving customer preferences, Titan Company remained steady and crossed a revenue of ₹50,000 crore during financial year 2024-25, said the Tata Group firm, which manufactures fashion accessories, jewellery, watches and eyewear. The year witnessed an increase in demand for daily-wear, lightweight gold pieces and bridal collections, even as diamond jewellery performance remained mixed, said Titan Company in its annual report released on Friday. The fiscal 2024-25 saw over 3 million customers purchasing jewellery from the brand. Despite a challenging start to the year due to a subdued wedding season and external factors like elections, the business picked up momentum following a reduction in customs duty in July 2024. The latter half of the year witnessed strong festive and wedding demand, said the company. Titan Company further said it responded to gold price fluctuations with proactive bullion management, and this included intelligent use of Gold on Lease and stringent controls on inventory without compromising on the product variety of availability. The fashion accessory player also said the introduction of 18 karat collections and investment-focused offerings helped the company address both sentiment and affordability, particularly in price-sensitive segments. Titan Company's gold exchange programme continued to be a strong driver of footfall, it said, adding, during the year, more than 8 lakh customers exchanged over 18 tonne of gold. Savings-led products through the launch of the Rivaah Golden Advantage plan and Golden Harvest offered customers a dependable way to plan their jewellery purchases in an environment of volatile gold prices, claimed the company. Commenting on the company's Environmental, Social, and Governance (ESG) initiatives, C. K. Venkataraman, Managing Director, said Through the Pragati programme, which seeks to help Titan play out its responsibilities to the Planet as well as the People, the company would strengthen its thrust towards Net zero carbon, reducing fresh water consumption, Afforestation, Partner responsibility, DEI (diversity, equity and inclusion,) Community responsibility, Ethics and governance.

Business Standard
a day ago
- Business
- Business Standard
Adani fastest-growing Indian brand in 2025; value up by 82%: Report
Adani Group has recorded the highest brand value growth among Indian companies in 2025, according to the latest India 100 rankings released by Brand Finance. Adani Group's brand value surged to $6.46 billion in 2025, up from $3.55 billion in 2024 — a jump of $2.91 billion. This year's growth exceeds the group's total brand worth recorded in 2023. This sharp rise has propelled the group from 16th place to 13th, showcasing its growing strength among India's leading names. "Adani Group emerged as the fastest-growing Indian brand ranked this year, with its brand value up by 82 per cent. The group's growth is attributed to aggressive and integrated infrastructure focus, the surge in green energy ambitions, and increased brand equity across key stakeholders," according to the Brand Finance report. Methodology behind the rankings Brand Finance, a London-based consultancy, assesses brand value using a combination of factors: Brand Strength Index (based on customer perception and behaviour), Brand Impact (seen through royalty rates), and Forecast Revenues (which estimates the brand's financial contribution in future). The total value of the top 100 Indian brands now stands at $236.5 billion, according to the 2025 report. Tata tops the chart again Tata Group retains its number one spot as India's most valuable brand, with its value rising by 10 per cent to $31.6 billion. "This historic milestone underscores India's expanding economic clout and the Tata Group's multi-sector dominance, with strategic investments in electronics, EVs, semiconductors, AI, and renewables," added the report. Strong showings from Infosys, HDFC, LIC In second place, Infosys recorded a 15 per cent increase in brand value to $16.3 billion, staying ahead in the IT services sector. HDFC Group, now at number three, rose 37 per cent to $14.2 billion, boosted by its merger with HDFC Ltd and its growing influence in financial services. Fourth on the list, Life Insurance Corporation (LIC) saw its brand value grow by 35 per cent to $13.6 billion, showing strong public trust and market presence. Other big movers in Top 10 * HCLTech moved up to eighth place with a 17 per cent rise to $8.9 billion * Larsen & Toubro stayed steady in ninth place, with a 3 per cent rise to $7.4 billion, reflecting gains from its ventures into renewables and semiconductors * Mahindra Group, at tenth, increased its value by 9 per cent to $7.2 billion, supported by innovation in engineering and technology Taj leads in brand strength Taj Hotels retained its title as India's strongest brand for the fourth straight year, thanks to its premium service and expansion overseas. It was followed by Asian Paints, maintaining its status as the top global brand in the paints and coatings category. Meanwhile, Amul took the third position for brand strength. Positive outlook for Indian brands With India's gross domestic product forecast to grow between 6 per cent and 7 per cent for FY2025–26, supported by strong local demand, investment in infrastructure, and private-public partnerships, Indian brands are expected to stay resilient amid global challenges.
Yahoo
a day ago
- Business
- Yahoo
Air India baggage handling company apologises after video shows staff partying days after crash
A viral video showing senior officials from Air India's partner company dancing at a staff party has caused widespread anger, with the celebrations taking place just days after the deadly crash of Air India flight AI171 in Ahmedabad on 12 June. Air India SATS has released a statement regarding the viral video showing a senior executive partying with other members of staff less than 10 days after the fatal plane crash, saying the footage was 'completely out of context'. Air India SATS (AISATS) is a 50-50 joint venture between Air India Limited, a Tata Group company, and SATS Ltd, a Singapore-based firm formerly known as Singapore Airport Terminal Services. The partnership specialises in providing airport services, including baggage handling, across Indian airports. The footage shows Abraham Zachariah, chief operating officer of Air India SATS (AISATS), dancing with other staff members as loud music plays during a party held at the company's Gurugram office on 20 June. In a statement, the company said: 'AISATS is aware of a video being circulated on social media that unfortunately is completely out of context. 'Notwithstanding, we sincerely regret any emotional discomfort this may have caused,' the statement said, IANS reported. It has only been a few days since the tragic Ahmedabad plane crash. Many families have not yet been able to see their loved ones for the last time; several bodies have still not been handed over. Grief hangs heavy in households, funeral pyres are yet to cool. And at such a… — Squint Neon (@TheSquind) June 22, 2025 The viral video triggered outrage on social media, as the celebration occurred while many families were still waiting to receive the bodies of crash victims. The footage drew strong criticism from users on X. Problem with Indian corporates is that they don't have heart, only thing matter is money. If someone dies let's give some money to victim's family, no accountability, no investigation & no arrest. They just create a public image through charity, so no question asked. — Big_Sarcastic (@Big_sarcastic) June 22, 2025 One user wrote: 'Problem with Indian corporates is that they don't have heart, only thing matter is money. If someone dies let's give some money to victim's family, no accountability, no investigation & no arrest. They just create a public image through charity, so no question asked.' Another user replied: 'Would've been more advisable for you to defer and not host parties at such times @airindia.' Air India guys are shameless and pathetic — Gulmohar 🌸 (@Bekaarbaate) June 22, 2025 Another user called it 'pathetic and highly insensitive', and another said: 'You should be ashamed of yourselves. I hope you clowns are grounded.' The devastating Air India crash occurred at around 2pm local time on 12 June, when a London-bound Air India Boeing 787 Dreamliner plunged into accommodation for medical students at Ahmedabad's BJ Medical College just moments after take-off. It was the first crash of its kind involving a Boeing 787 anywhere in the world. The Independent has reached out to AISATS for further comment.


The Independent
a day ago
- Business
- The Independent
Air India baggage handling company apologises after video shows staff partying days after crash
A viral video showing senior officials from Air India 's partner company dancing at a staff party has caused widespread anger, with the celebrations taking place just days after the deadly crash of Air India flight AI171 in Ahmedabad on 12 June. Air India SATS has released a statement regarding the viral video showing a senior executive partying with other members of staff less than 10 days after the fatal plane crash, saying the footage was 'completely out of context'. Air India SATS (AISATS) is a 50-50 joint venture between Air India Limited, a Tata Group company, and SATS Ltd, a Singapore-based firm formerly known as Singapore Airport Terminal Services. The partnership specialises in providing airport services, including baggage handling, across Indian airports. The footage shows Abraham Zachariah, chief operating officer of Air India SATS (AISATS), dancing with other staff members as loud music plays during a party held at the company's Gurugram office on 20 June. In a statement, the company said: 'AISATS is aware of a video being circulated on social media that unfortunately is completely out of context. 'Notwithstanding, we sincerely regret any emotional discomfort this may have caused,' the statement said, IANS reported. The viral video triggered outrage on social media, as the celebration occurred while many families were still waiting to receive the bodies of crash victims. The footage drew strong criticism from users on X. One user wrote: 'Problem with Indian corporates is that they don't have heart, only thing matter is money. If someone dies let's give some money to victim's family, no accountability, no investigation & no arrest. They just create a public image through charity, so no question asked.' Another user replied: 'Would've been more advisable for you to defer and not host parties at such times @airindia.' Another user called it 'pathetic and highly insensitive', and another said: 'You should be ashamed of yourselves. I hope you clowns are grounded.' The devastating Air India crash occurred at around 2pm local time on 12 June, when a London-bound Air India Boeing 787 Dreamliner plunged into accommodation for medical students at Ahmedabad's BJ Medical College just moments after take-off. It was the first crash of its kind involving a Boeing 787 anywhere in the world.


India.com
a day ago
- Business
- India.com
Ahmedabad plane crash: Ratan Tata's Tata Sons to set up Rs 500 crore..., to provide compensation to kin of victims
Ahmedabad plane crash: Ratan Tata's Tata Sons to set up Rs 500 crore…., to provide compensation to kin of victims New Delhi: Following a recent Air India plane crash in Ahmedabad—the nation's worst air disaster in a decade—the Tata Group, which holds a 74% stake in Air India through Tata Sons, will establish a Rs 500 crore trust to support the families of the victims. This trust will be known as the AI171 Trust.