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Munich Re: Economic upswing also means stronger growth in insurance markets

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Munich Re's current Insurance Market Outlook 2014 anticipates real overall growth in primary insurance premiums – adjusted for inflationary and currency effects – of 2.8% this year and 3.2% in 2015. This corresponds to nominal growth (calculated in euros) of 3.9% in 2014 and 4.6% in 2015. “After three years of relatively low growth rates, global premium growth is slowly picking up once again,” said Michael Menhart, Chief Economist at Munich Re. “Above all, this is due to economic recovery in the industrial nations.” However, many emerging... Read More »

Tata Power’s Mundra UMPP conducts science competition under Project Shiksha Sarathi

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In line with this philosophy, Tata Power conducted a science competition ‘Vigyan Na Prayogo Dwara Vikas’ under their initiative ‘Shiksha Sarathi’; 33 teams across 23 schools in Mundra and Mandvi district participated in the competition. The objective of the competition was to enhance students’ knowledge and to develop basic competencies required to stimulate scientific curiosity. Several pre-event promotional activities including visits to schools, information about the modalities of the event, registration, and data and record generation were ... Read More »

Tata consultancy services and comcast recognized by Informatica for innovation in test data management

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Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, was recognized by Informatica as an innovation award partner in the category of ‘operational efficiency’ during Informatica World 2014 in Las Vegas, NV. This award was bestowed upon TCS and Comcast for the deployment of TCS’s test data management (TDM) solution, which helped to assure Comcast’s future and current test data requirement. “We are honored to be acknowledged by Informatica for the innovative solution we... Read More »

Maheshwari Theatre second in Bangalore (India) to adopt ‘Auro 11.1 by Barco’ immersive sound technology

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Professionally recommended “With all the alternatives that are currently available, moviegoers demand something truly unique,” says Manjunatha, Proprietor at Maheshwari Theatre. “We believe that sound plays a vital part in this as much as images do. That’s why we began our quest for the best sound technology available on the market.” Following an intensive search, Manjunatha and his team contacted renowned sound engineer Sails Raj at Cine Acoustics. Based on his excellent experiences at the Manasa Theatre last year, Raj suggested that the... Read More »

Tata global beverages’ UK subsidiary acquires 100 percent equity stake in Bronski Eleven, Australia

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The UK subsidiary of Tata Global Beverages has acquired a 100 percent stake in the equity capital of Bronski Eleven, Australia, engaged in coffee business under the MAP brand. MAP has significant presence in the roast and ground coffee and in the pods (single-service portions) category in Australia. This investment is in line with Tata Global Beverages’ vision to become a leader in natural beverages — tea, coffee and water. Tata Global Beverages is already present in the pods segment in the US through an agreement with Green Mountain Coff... Read More »

Tata Steel remembers Russi Mody

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Padma Bhushan Rustomji Hormusji Mody, popularly known as Russi Mody, is known for his long standing association with Tata Steel, formerly known as TISCO. He retired from Tata Steel in March 1993, leaving behind a legacy of 53 years, which won him and the company international acclaim in various fields especially in industrial relations. Through his method of practical wisdom and pragmatic decision-making, he led from the front, winning hearts and minds alike. A pioneer in the industry, he understood and implemented concepts such as human resour... Read More »

Tata Power’s network infrastructure grows manifold in Mumbai

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Tata Power, India's largest integrated power company, has always been a frontrunner and a pioneer in providing reliable and uninterrupted power to the city of Mumbai. In order to serve its growing consumer base, Tata Power has grown its distribution network infrastructure manifold. Tata Power has invested Rs352 crore of capex and capitalised assets worth Rs300 crore in the last financial year (FY 2013-14), which is a record for the Mumbai distribution business. Its focus has been to develop a robust network backbone, which includes distribution... Read More »

Tata Steel Group registers turnaround in profit in the financial year 2013-14

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The improvement in the underlying profitability over the last year was Rs3,290 crore. The improved and steady performance of operations across geographies, despite weak market conditions, led to this significantly improved group performance. Group performance highlights Group steel deliveries in FY 2013-14 (FY’14) increased to 26.56 million tonnes from 24.13 million tonnes in FY 2012-13 (FY’13). Deliveries in Q4 FY 2013-14 (Q4 FY’14) increased to 7.62 million tonnes compared to 6.38 million tonnes in Q3 FY 2013-14 (Q3 FY’14) and 6.56 milli... Read More »

Tata Power’s Mundra UMPP organises volunteering week

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Coastal Gujarat Power (CGPL), a 100 percent subsidiary of Tata Power, endeavours to improve the quality of life of the communities living in and around its area of operation. Under its ‘Tata Power Arpan’ programme, the company organised a volunteering week for its employees to undertake various innovative initiatives for the women and children in the communities near Mundra. The objective of the initiative was to encourage the employees to engage with the local community and selflessly devote their time and skills for the welfare of the comm... Read More »

Jaguar lightweight E-Type is reborn

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Jaguar will build six, perfect reproductions of the original, race-bred Lightweight E-type that was created in 1963. The new cars are the ‘missing’ six vehicles from Jaguar’s Lightweight E-type project, which originally started in February 1963 with the objective of building 18 ‘Special GT E-type cars’. Only 12 of the aluminium bodied Lightweight E-types were eventually built, the last in 1964, the remaining six designated chassis numbers having lain dormant, until now. The new cars will be hand-built in-house by Jaguar’s finest craftsmen... Read More »

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