News Analysis India

Tag: TATAs

  • Overruling own decisions, Baghel govt spares Tatas Rs 200 cr penalty

    OVERRULING THE decisions of two IAS officers who were successive CEOs of the key nodal agency for a Rs 3,057-crore rural broadband project, the Bhupesh Baghel-led Congress government in Chhattisgarh decided not to deduct Rs 200 crore in penalties it had imposed on Tata Projects Ltd for twice not meeting its deadline.

    This penalty was as per terms of the agreement between the company and the state and its imposition was a decision ratified by a Chief Secretary-led committee, records investigated by The Indian Express have found.

    That’s not all — the state government also refunded a Rs 28.79-crore penalty already levied, despite having granted Tata Projects an extension of timeline twice in two years. The lighting up of gram panchayats in Chhattisgarh with internet is part of the nation-wide BharatNet project, one of the flagships under Prime Minister Narendra Modi’s Digital India plan, and aims to connect 2.5 lakh villages.

    As on September 25, 2020, Tata Projects could ensure broadband-ready infrastructure in only 1,394 gram panchayats (24 per cent of the target). A detailed questionnaire mailed to Tata Projects Ltd on October 26 did not elicit a…

  • Now take Tata’s car home in just 799 rupees

    Tata Motors has tied up with HDFC Bank to provide finance for its passenger vehicles. The company has introduced two schemes for the finance of vehicles under this alliance.

    Tata Motors said in a statement that two new schemes ‘Grazuel Step Up Scheme’ and ‘TML Flexi Drive Scheme’ have been introduced in collaboration with HDFC Bank to increase sales and make products easier in the festive season.

    The company said that both these plans will be available by the end of November 2020. These can be availed on all cars, sports utility vehicles (SUVs) and electrical vehicles compatible with Bharat Stage-6.

    The company said that under the ‘Graduate Step Up Scheme’, consumers can avail the minimum installment of Rs 799 per lakh per month. The EMI will depend on the model and version of the vehicle.

    Monthly installments will increase gradually for two years according to the buyer’s convenience. Under the ‘TML Flexi Drive Scheme’, consumers can choose any three months in which they want to pay the minimum installment every year.

  • Major power cut in Mumbai: Train services disrupted; restoration under process

    Electric supply in Mumbai interrupted due to the “TATAs incoming electric supply failure”.

    Such a large-scale power failure is unprecedented for the metropolis.

    atment.“The electric supply is interrupted due to TATAs incoming electric supply failure. Inconvenience is regretted,” Brihanmumbai Electric Supply and Transport (BEST) tweeted. There is multiple tripping of lines and transformer (Kalwa-padghe and Khargar ICTs) supplying power to Mumbai system . 360 MW supply in Mumbai and suburbs affected. Restoration under process: Dr Jitendra Awhad.