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Tata to pay USD 1 bln in damages to Docomo in JV dispute

2016-06-24 13:33:00| Telecompaper Headlines

(Telecompaper) Japanese operator NTT Docomo has announced it received from the London Court of International Arbitration a binding arbitration award under the arbitration proceeding regarding its stake in Indian operator Tata Teleservices (TTSL). The award orders that Tata Sons pay damages to Docomo in the amount of USD 1.172 billion for Tata Sons' breach of the shareholders agreement, upon Docomo's tender of its entire stake in TTSL to Tata Sons or its designee.

Tags: pay usd damages dispute

 

Community union's 'serious concerns' over Tata sale

2016-06-21 19:59:03| BBC News | Business | UK Edition

Unions say they have "serious concerns" about the ongoing sale of the Tata Steel UK business.

Tags: community sale concerns unions

 
 

Tata of India Follows Norway's Statoil on Carbon-Price Path

2016-06-20 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Tata Group, Indias biggest conglomerate, is following oil and mining companies including Statoil ASA in preparing to pay for their emissions. Mumbai-based Tata is installing a so-called shadow carbon price in the group, which spans motor car manufacturing, information technology consulting, tea production and steel, Paul Brooks, group director environment, said by e-mail on Thursday. Tata may be ready to buy emission credits in the future, he said. Fossil-fuel producers are among companies...

Tags: india path tata statoil

 

M&As this week: Tata Power Renewable Energy, Total, and Havells India

2016-06-17 01:00:00| Power Technology

Tata Power Renewable Energy has reached an agreement with Welspun Energy to acquire its subsidiary Welspun Renewables Energy (WREPL) for approximately Rs92.49bn ($1.378bn).

Tags: total power week energy

 

India's Tata Power to buy Welspun Renewables Energy's renewable portfolio for $1.4bn

2016-06-14 01:00:00| Power Technology

India-based Tata Power Renewable Energy (TPREL) has signed a share purchase agreement (SPA) to acquire New Delhi-based Welspun Renewables Energy's (WREPL) renewable portfolio for $1.4bn.

Tags: buy power portfolio tata

 

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