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Section 9 Not Res Judicata For Section 17 Application When Withdrawal Is Conditional: Delhi High Court Dismisses Section 37(2)(B) Application
9 months, 2 weeks ago

Section 9 Not Res Judicata For Section 17 Application When Withdrawal Is Conditional: Delhi High Court Dismisses Section 37(2)(B) Application

Live Law  

The Delhi High Court bench comprising Justice Manoj Kumar Ohri held that the Section 9 application under Arbitration and Conciliation Act, 1996 cannot act as res judicata for Section 17 application when the withdrawal of Section 9 application is conditional between the parties. Feeling aggrieved, DTC approached the Delhi High Court and filed Section 37 application challenging this order, asserting …

Delhi High Court Parties Delhi High Court Application Res Judicata High
Nano project: arbitration tribunal awards final claim of ₹765.78 crore in favour of Tata Motors
1 year, 1 month ago

Nano project: arbitration tribunal awards final claim of ₹765.78 crore in favour of Tata Motors

The Hindu  

In a major victory for Tata Motors in the fight against West Bengal for cancelling its Nano small car project, which forced the company to relocate the project to Sanand in Gujarat, a three-member arbitration tribunal has made the final award of ₹765.78 crore to Tata Motors as per its claims. “In respect of the arbitration proceedings between Tata Motors …

Arbitration West Bengal Tata Motors Tml
Tech Mahindra to sell its 30% stake in Avion Networks for $50,000
1 year, 2 months ago

Tech Mahindra to sell its 30% stake in Avion Networks for $50,000

Live Mint  

Tech Mahindra Ltd board has approved a proposal to sell its 30% stake in Avion Networks for $50,000, the IT company said in a regulatory filing on Monday. Tech Mahindra Ltd, through a wholly-owned subsidiary Tech Mahindra Inc., was holding 30% share capital of Avion Networks Inc. “Since there was no contribution in terms of turnover or net worth in …

Tech Company Mahindra Networks Tma Tech Mahindra Avion
‘Tata Motors on track to sell 1,00,000 e-passenger cars in FY24’
1 year, 2 months ago

‘Tata Motors on track to sell 1,00,000 e-passenger cars in FY24’

The Hindu  

Tata Motors Ltd., is on-track to sell about 1,00,000 electric passenger cars during the current fiscal year, according to Vivek Srivatsa, Head Marketing, Sales and Service Strategy at Tata Passenger Electric Mobility. From April to September 2023, Tata Motors sold 36,500 electric passenger cars against 50,443 units in FY23. “Our ambition is to sell 1,00,000 units in the current fiscal,” …

Tata Motors Srivatsa
Department Adjusting The Refund Amount Under Amnesty Scheme Without Notice Violates Principles of Natural Justice: Bombay High Court
1 year, 7 months ago

Department Adjusting The Refund Amount Under Amnesty Scheme Without Notice Violates Principles of Natural Justice: Bombay High Court

Live Law  

The Bombay High Court has held that the action of the department in making the adjustment of a refund due to the petitioner while considering the application under the Amnesty Scheme without notice to the petitioner is in utter disregard of the well-established principles of natural justice and has caused grave prejudice to the petitioner.The bench of Justice Nitin Jamdar …

Justice Tax Bombay High Court Natural Justice Order Amnesty Notice
Tata Motors’ subsidiary signs definitive pact with DTC to operate 1500 EV buses
2 years ago

Tata Motors’ subsidiary signs definitive pact with DTC to operate 1500 EV buses

Live Mint  

Tata Motors, India’s largest commercial vehicle manufacturer on 23 December announced that Delhi Transport Corporation has signed a definitive agreement with its fully owned subsidiary, TML CV Mobility Solutions Ltd. for operation of 1500 electric buses in the national capital. As part of the agreement, TML CV Mobility Solutions Ltd. will supply, operate and maintain 1500 units of 12-metre low-floor …

Delhi Buses Electric Tata Motors Dtc Tml Motors Subsidiary
Tata Motors raises $1 billion for its electric vehicle business
3 years, 2 months ago

Tata Motors raises $1 billion for its electric vehicle business

India Today  

Tata Motors announced its plan to convert its electric vehicle business into a subsidiary and raise $1 billion from TPG Rise Climate along with its co-investor ADQ for an 11 to 15 per cent stake, which translates to a valuation of up to $9.1 billion for the new entity. N Chandrasekaran, Chairman of Tata Motors Ltd said, “I am delighted …

India Tata Motors Vehicle Business Tpg Rise Climate
Tata Motors Ties up with HDFC Bank for Financing of Passenger Vehicles Ahead of Festive Season
4 years, 2 months ago

Tata Motors Ties up with HDFC Bank for Financing of Passenger Vehicles Ahead of Festive Season

News 18  

Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company said it has introduced two new schemes — ’Gradual Step Up Scheme’ and ’TML Flexi Drive Scheme’ with an eye on making its products more accessible and driving up sales in the festive season. Flexi Drive scheme offers …

Festive Season Scheme Hdfc Bank Emi Tata Motors
Tata Motors Launches Hygiene Accessories Including Air-Purifier, Air-Filter, Sanitisation Kits
4 years, 4 months ago

Tata Motors Launches Hygiene Accessories Including Air-Purifier, Air-Filter, Sanitisation Kits

News 18  

Tata Motors on Saturday said it has launched a range of health and hygiene accessories for its customers. In line with the company's ongoing endeavour to ensure the safety of its customers at all times, these accessories are designed to provide car owners with an additional level of safety, Tata Motors said in a statement. On a similar note, addressing …

Air Tata Tata Motors Tml Sanitisation Kit
Tata Motors Says Passenger Vehicle Demand Will See an Uptick in the Next Two Years
4 years, 4 months ago

Tata Motors Says Passenger Vehicle Demand Will See an Uptick in the Next Two Years

News 18  

A tremendous deal of transformation stemming from Covid-19 is expected in mobility segment over the next two years as consumers move to "slow" travel with personal versus public and/or shared transport likely to shape future demand for passenger vehicles, according to Tata Motors Chairman Natarajan Chandrasekaran. Chandrasekaran further said, "As we look ahead over the next two years, we anticipate …

Demand Tata Motors Chandrasekaran Jlr Tml Butschek