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<ul><li><keyword id="9821581" type="COMPANY" weightage="20" keywordseo="tata-motors-chairperson-n-chandrasekaran">Tata Motors Chairperson N Chandrasekaran</keyword> said the company would be debt-free in the next coming three years.</li><li><keyword id="42747" type="COMPANY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> shares saw a sudden spike and climbed up to 5% at 2:10 pm on August 25. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>At the virtual annual general meeting (AGM) today, Tata Motors chairman N Chandrasekaran told shareholders that the company is aiming to become debt-free in the next coming three years. “Currently the TML group has a net automotive debt of ₹48,000 crore, and currently we are deleveraging this business substantially. The target is to bring it to near zero debt levels in the next three years. Towards this, the company has already taken steps. This includes making the company free cash flow positive by FY22,” Chandrasekaran said. The forward-looking outlook boosted shareholders' enthusiasm, and the Tata Motors shares saw a sudden spike and climbed up to 5% at 2:10 pm on August 25. The management also said that its premium business segment JLR would also be cash positive this year onwards. These are the key takeaways from <keyword id="9821580" type="COMPANY" weightage="20" keywordseo="the-tata-motors-agm">the Tata Motors AGM</keyword>: <ul><li>The global auto industry has grappled with many issues in the last 12 months. Then COVID came, which ushered in the new reality and has changed the demand pattern. Indian auto industry too faced several headwinds. Domestic auto sales were down 18%, the most the industry has ever seen since we started recording data. The broad economic slowdown, regulatory challenges like BS6 transition, lockdown measures were a huge challenge</li><li>We have also set a target for the Tata Motors group to generate positive free cash flow from FY22 onwards</li><li>Already the investment of the group has reduced by 50% this FY and will continue to manage this very tightly going forward</li><li>We are also aiming to unlock new non-core investments for <keyword id="154977" type="COMPANY" weightage="20" keywordseo="Tata-Motors-Limited">Tata Motors Limited</keyword>. </li></ul>Tata Motors to be debt-free and PV segment to be a new entity <ul><li>Tata Motors would be debt-free from the net automotive debt of ₹48000 crore in the next three years.</li><li>The Indian passenger vehicle business will be subsidiaries to a new legal entity, said company’s CFO PB Balaji. The new legal entity has been filed with NCLT and should be formed within the next 6-9 months. </li><li>Focus on passenger vehicles will be entirely on the front-end, said Balaji.</li><li>Tata Motors generated the highest ever profitability in FY19, which got impacted by COVID-19. </li></ul>JLR to turn profitable for Tata Motors <ul><li>The ongoing trade conflicts have impacted JLR sales across the globe. </li><li>Capex in JLR being pruned significantly to £2.5 billion. </li><li>JLR will be cash positive this year onwards.</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/difference-between-new-force-gurkha-2020-vs-mahindra-thar-2020-features-specification-and-price/articleshow/77717660.cms" data-type="tilCustomLink">Comparison: Force Gurkha 2020 vs Mahindra Thar 2020 — features, specification, and price</a> <a href="https://www.businessinsider.in/business/auto/news/difference-between-new-force-gurkha-2020-vs-mahindra-thar-2020-features-specification-and-price/articleshow/77717660.cms" data-type="tilCustomLink">Tata Motors sees its India loss widen by nearly 22 times as sales fall to one for every five units a year earlier</a>

Tata Motors plans to cut consolidated debt to zero in three years

Both <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> dipped during early morning trade today. As of 10:30 am, while Sensex dipped 0.27% to 77,095.86 points, Nifty50 fell 0.57% to 23,422.75 points. Nifty and Sensex had registered new all-time highs of 23,579.05 and 77,366.77 respectively on Tuesday. Following a promising uptrend rally, the Nifty closed 92 points higher while the Sensex was up 308 points. Among sectors, realty and private bank indices outperformed, with both indices gaining over 1 per cent. As per Sameet Chavan, Head Research, Technical and Derivative at <keyword id="20109427" type="General" weightage="20" keywordseo="Angel-One" source="keywords" meta.keywordsubtype="org" meta.entityname="Angel One" meta.hostid="261" meta.entityid="Angel One">Angel One</keyword>, “Traders should wait for a trigger before becoming aggressive with index-specific trades. With a bullish undertone, traders should focus on trades outside the index, as the real action lies there.” <cmsannotation type="cmsannotation" annotationid="Action in Vodafone, Airtel" comment="subhead" text="Action in Vodafone, Airtel">Action in <keyword id="19945463" type="General" weightage="20" keywordseo="Vodafone" source="keywords">Vodafone</keyword>, <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords">Airtel</keyword></cmsannotation> Vodafone Idea and <keyword id="20319214" type="General" weightage="20" keywordseo="Indus-Towers" source="keywords" meta.keywordsubtype="org" meta.entityname="Indus Towers" meta.hostid="261" meta.entityid="Indus Towers">Indus Towers</keyword> will remain in action today, given that Vodafone’s parent company (Vodafone Group) is all set to divest around 9.94% of its stake in telecom tower operator Indus Towers, via share sale today. Per reports, Bharti Airtel has acquired around 2.69 crore equity shares of Indus Towers, which constitute around 1% of its equity. While Indus Towers share dipped by 4.59% to Rs 328.75, Bharti Airtel’s share also saw a slight dip of 1.12%, and are currently trading at Rs 1,412.30. <cmsannotation type="cmsannotation" annotationid="Wipro denies multi-million dollar deal" comment="subhead" text="Wipro denies multi-million dollar deal"><keyword id="19945574" type="General" weightage="20" keywordseo="Wipro" source="keywords" meta.keywordsubtype="org" meta.entityname="Wipro" meta.hostid="261" meta.entityid="Wipro">Wipro</keyword> denies multi-million dollar deal</cmsannotation> In a clarification issued to the stock exchange, Wipro noted that the report of the tech major securing a multi-million-dollar deal from Standard Chartered is inaccurate and factually incorrect. Wipro continues to trade at Rs 487.65, down by 0.85%. <cmsannotation type="cmsannotation" annotationid="ICICI bank allots Employee stock options" comment="subhead" text="ICICI bank allots Employee stock options"><keyword id="19900482" type="General" weightage="20" keywordseo="ICICI-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="ICICI Bank" meta.hostid="261" meta.entityid="ICICI Bank">ICICI bank</keyword> allots Employee stock options</cmsannotation> Per its NSE filing, ICICI Bank has allotted 6,22,607 equity shares, each with the face value of Rs. 2, on June 19, 2024 under the ICICI Bank Employees Stock Option Scheme-2000. The bank’s stock jumped by 1.28% and is trading at Rs 1,137.25 <cmsannotation type="cmsannotation" annotationid="Aditya Birla acquires minority stake in USPL" comment="subhead" text="Aditya Birla acquires minority stake in USPL"><keyword id="19957000" type="General" weightage="20" keywordseo="Aditya-Birla" source="keywords">Aditya Birla</keyword> acquires minority stake in USPL </cmsannotation>In an all-cash deal, Aditya Birla Digital Fashion Ventures Limited (ABDFVL) has acquired a 16% minority stake in Universal Sportsbiz Private Limited (USPL). Per the filings, the aim is to acquire a majority stake in the company, manufacturing and distributing fashion apparels and accessories under the brand name “Wrogn”. Shares of Aditya Birla Fashion and Retail, ABDFVLs parent company is trading at Rs 324.70, down 1.75% <cmsannotation type="cmsannotation" annotationid="Tata Motors to raise vehicle prices" comment="subhead" text="Tata Motors to raise vehicle prices">Tata Motors to raise vehicle prices </cmsannotation>Tata Motors Limited is set to increase the prices of its commercial vehicles starting July, 2024. Following the news, the stock dipped by 0.27%, and is trading at Rs 983.2

Morning market overview: Stocks that could swing in action

The entire country celebrating Raksha Bandhan today. But are you one of those elder siblings still mulling and stuck over the perfect gift to give your younger ones? Well, then it is time for you to move beyond your traditional gift ideas like sweets, gadgets, clothes, and jewelry, and invest in their future prosperity. How? By gifting them <keyword id="19905382" type="General" weightage="20" keywordseo="stocks" source="keywords">stocks</keyword>, or even mutual fund units. Here's a deep dive into how you can lay the foundations of a lasting bond with your siblings, and cement their financial future, one stock and one mutual fund unit at a time. <h2>How can I gift shares ?</h2>You can swiftly transfer shares online, provided both you and your siblings have a <keyword id="19977340" type="General" weightage="20" keywordseo="demat" source="keywords">demat</keyword> account. Many brokerage firms like Zerodha, Groww and others also offer this facility. For this, you will need to input details like your sibling's name (who you wish should receive these shares), particulars of their demat account, the amount of shares you wish to give as gift, and the name and 12-digit ISIN number of the company whose stocks you want to transfer. In addition, you will also have to provide the beneficiary owner ID of your siblings, reason for transferring these shares, and bank account details. In order to kickstart the process, you'll have to initiate what is known as an off-market settlement. This means without the stock exchange coming into the picture, two parties i.e. you and your sibling will mutually settle shares. For this, you will have to submit a delivery instruction slip (DIS) to your DP, or depository participant, which serves as a bridge between you and the depository. When you are transferring shares, you are essentially transferring your ownership of such stocks to them, and thus, you need to inform your DP and depository of the same. At present, there are only 2 depositories present in the country, namely NSDL and CDSL. You can submit this DIS both online and offline. If you have more than one siblings you wish to transfer shares to, remember to use separate DIS for each recipient's account. Once you initiate the transfer, your broker will send an email and SMS to the recipient, who will have 7 days to accept this. But remember, once you've transferred these shares, there is no provision to revoke this transfer. And just like with your clothes, accessories and everything else in life, your siblings will have full freedom and ownership to do whatever they deem fit with these shares! However, what you can certainly do, and make this gift more meaningful, is drive home the value of holding these securities for the long term, so that they are able to make the most of this investments. Ideally, a good start would be to start investing in stocks of large-cap, blue-chip companies, and them eventually complement them with small and midcap stocks, which offer higher legroom for growth. Per brokerage firm Master Capital Services Ltd, "consider choosing stocks from well-established companies with a solid track record and growth potential. It is essential to consider risk tolerance, investment horizon, and financial goals before selecting stocks for your brothers and sisters. The finest present you could give your siblings this year would be long-lasting financial stability". If you're looking for some stock recommendations you can consider for your siblings, we have you covered as well: <h4>Larsen &amp; Toubro Ltd. </h4>Why you should consider this? The company has shown consistent revenue growth and profitability in the past years while maintaining stability with its ROCE &amp; ROE of around 19% and 15%. L&amp;T has a significant global presence, with projects and operations in various international markets. This geographic diversification helps in tapping into global opportunities and reduces dependence on the domestic market. <h4>HCL Technologies Ltd. </h4>Why you should consider this? HCL Technologies is one of the IT giants of India, which is ranked amongst the top five Indian IT services companies in terms of revenues. HCL offers a wide array of IT, business services, engineering, R&amp;D services, and software products with operations in 60 countries. The company has been investing heavily in digital technologies, including cloud computing, artificial intelligence (AI), and automation. This focus aligns with current industry trends and positions the company to capture growth in the high-demand areas. <h4>TATA Motors Ltd.</h4>Tata Motors Limited is a leading manufacturer of automobiles and one of the largest OEM in India offering a wide range of passenger and commercial vehicles. Tata motors owns the flagship brand of Jaguar and Land Rover (JLR) which is a dominant automobile player in the global market. Its early entry in the electric vehicle segment has positioned it well ahead of many competitors and currently, it enjoys the largest market share in the EV segment in India. The focus on innovation and sustainability, along with a robust product lineup, positions Tata Motors well for future growth and market opportunities. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px; text-rendering: optimizelegibility;">Tax Implications of gifting shares</h2>The best part about gifting shares is that it is tax-exempt, since you're giving it to your relative. This means your sibling will not be liable to pay any taxes on this gift. However, to be on the safer side, make sure that the market value of the shares that you gift them does not exceed Rs 50,000, or else your siblings, i.e. the recipient will have to incur a tax liability. If your siblings decide to sell these gifted shares, they will have to pay LTCG (long-term capital gains) tax at the rate of 12.5%, or STCG (short-term capital gains) tax at the rate of 20%, depending on how long they hold these securities for. <h2>Gifting mutual fund units? </h2>Unfortunately, you cant transfer your mutual fund units to your siblings. The transfer of mutual fund units is only possible in case the unitholder passes away. But the one thing you can certainly do is start an SIP, or systematic investment plan (SIP) in their name. With as much as Rs 5,000 per month, invested over a period of 10 years, you 'll have invested Rs 6,00,000 for you siblings, which would have earned returns worth Rs 5,61,695, taking their total corpus to Rs 11,61,695. You can even start an SIP with just Rs 500/month in their name. You can nudge them into continuing this, so that you instill the value of financial discipline and long-term investing in them. Remember, at the end of the day, the true value of your gift lies not just in its monetary worth, but in the knowledge, responsibility, and financial acumen that you will pass on to your siblings. So, this <keyword id="22639140" type="General" weightage="100" keywordseo="Rakshabandhan" source="keywords">Rakshabandhan</keyword>, consider tying not just a rakhi, but also a knot of financial empowerment.

Move over regular gifts! Gift your sister stocks, MF units this Rakhi

<keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> Limited (TML) on Monday informed that the National Stock Exchange (NSE) that a three-member Arbitral Tribunal has directed the West Bengal government to pay a compensation of Rs 765.78 crore in additional to an interest at the rate of 11 per cent accrued on it since September 2016 as compensation to the company for the closure of its Nano car project in Singur. "In respect of the arbitration proceedings between Tata Motors Limited (TML) and West Bengal Industrial Development Corporation Limited (WBIDC), in relation to TML's claim of compensation from WBIDC under various heads, on account of the loss of capital investments, with regard to the automobile manufacturing facility at Singur (West Bengal), this is to inform that the aforesaid pending Arbitral proceedings before a three-member Arbitral Tribunal has now been finally disposed of by a unanimous Award dated October 30, 2023 in favour of TML," Tata Motors said in an exchange filing. However, according to legal experts, the stategovernmenthas the option of challenging the tribunal order at a higher court. The officials of the WBIDC have claimed that till Monday evening, they have not received any information in this matter. There was no reaction from the ruling Trinamool Congress till the time of filing of this report. To recall, after coming to power with a thumping majority in 2006, the then Buddhadeb Bhattacharjee-led Left Frontgovernmenthad announced the Nano project atSingurbyTML. Accordingly, the work for setting up of thefactorystarted there after the stategovernmentfinished the process of land acquisition for the project. However, the problem started after a small section of the land-owners refused to accept the compensation cheques and started agitating against the land acquisition. The Trinamool Congress led by Mamata Banerjee, the principal opposition party at the time, started a massive agitation atSinguragainst the land acquisition. In face of the agitation, Tata Group Chairman Ratan Tata finally withdrew from Singurand Sanand in Gujarat became the new site for the Nano project. After coming to power in 2011, the first decision of the Mamata Banerjee-led Cabinet was to promulgate a new law for return of land atSingurto all the land-owners. Political observers feel that the development has come as a major setback for the WestBengalgovernmentjust before theBengalGlobal Business Summit, the annual event of the stategovernmentto showcase Bengal as an ideal investment destination. While the Trinamool has remained silent so far over the tribunalorder, the opposition parties have attacked the stategovernmenton the issue. "This is a penalty that the Trinamool Congress will have topayfor ruining the dreams of thousands of educated youth in the state. I wonder how the stategovernment, which is already saddled with huge accumulated debt, willpaythis penalty," said CPI(M) state Secretary and politburo member, Md Salim.

Singur plant row: Tata Motors can recover Rs 766 cr from Bengal govt as compensation

NIFTY 50: What it means and the companies covered under this index

<ul><li>Global ratings agency <keyword id="125045" type="CITY" weightage="20" keywordseo="Fitch-Ratings">Fitch Ratings</keyword> has downgraded <keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword> with a negative outlook. </li><li>The ratings come in because of Tata Motors Limited’s weak sales in India and the continued sluggish sales from <keyword id="6354362" type="ORGANIZATION" weightage="20" keywordseo="Jaguar-Land-Rover">Jaguar Land Rover</keyword>.</li><li>Earlier in June, Moody’s too had downgraded Tata Motors.</li></ul>Another ratings agency has downgraded Tata Motors to ‘BB-’ with a negative outlook. Fitch Ratings has downgraded the automaker as with lesser chances of “TML's profitability and free cash generation in the next two to three years”. Tata Motors is impacted due to its UK-owned subsidiary Jaguar Land Rover, which has become a white elephant for the company. “Uncertainty around an orderly outcome of Brexit negotiations and the evolving global tariffs situation pose risks, in particular to TML's JLR business, which faces a significant level of production-sales mismatch due to concentration of its production base in the UK,” said the report. In addition to JLR related troubles, Tata Motors’ domestic business is also troubled by a general slowdown in the auto market. Tata Motors too has been witnessing a slowdown in its sales in India, as has been the case with the Indian auto market. In June 2019, Tata Motors <a href="https://www.moneycontrol.com/news/business/companies/tata-motors-global-sales-dip-5-in-june-4195251.html">reported </a>a 14% decline in India sales, while a 5% drop was seen in global sales. Cumulatively, Tata Motors sales in the first quarter of 2019-20 fell by 20%. A month back, credit rating agency Moody’s had downgraded Tata Motors with a negative outlook. Tata Motors’ <a href="https://www.moneycontrol.com/news/business/markets/tata-motors-slips-3-on-moodys-downgrade-4122961.html">shares</a> fell 3% after the downgrade. The Fitch Ratings report mentioned that another reason for its downgrade was that “JLR faces elevated risks.” Jaguar Land Rover’s global sales continued to decline in May with the company reporting a 12% dip in <a href="https://www.moneycontrol.com/news/business/jaguar-land-rover-global-sales-dip-12-in-may-4086381.html">May 2019.</a> In June 2019, its sales dropped by 9.6% year-on-year. Brexit, US-China trade war and <a href="https://economictimes.indiatimes.com/markets/stocks/news/tata-motors-mulls-selling-stake-in-jlr-agencies/articleshow/68216938.cms">signs</a> of a slowdown in the global economy could be the reasons for the losses incurred by JLR. China has traditionally been one of the biggest markets for the luxury car. JLR's sales volumes in China too massively by 29% year-on-year in the first quarter of FY20.

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Tata Motors plans to cut consolidated debt to zero in three years

Navdeep Yadav

Morning market overview: Stocks that could swing in action

Ira Alok Puranik

Move over regular gifts! Gift your sister stocks, MF units this Rakhi

Ira Alok Puranik

Singur plant row: Tata Motors can recover Rs 766 cr from Bengal govt as compensation

IANS

NIFTY 50: What it means and the companies covered under this index

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Tata Motors downgraded again, thanks to slow India business and ‘elevated risks’ from Jaguar Land Rover

Sanchita Dash

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