Tata group's financial services business make hefty profits in FY24

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Tata group's financial services business make hefty profits in FY24 - Business Standard

Quick Summary:

The report said that Tata Teleservices and its listed subsidiary, Tata Teleservices Maharashtra, along with other Indian telecom operators, have been in litigation with the Department of Telecom on the definition of Gross Revenue and Adjusted Gross Revenue.

The general insurance firm reported a turnover of Rs 15,422.56 crore, while the life insurance JV reported a turnover of Rs 25,691 crore for FY24.

In June this year, the boards of Tata Motors, Tata Capital, and Tata Motors Finance (TMFL) approved the merger of TMFL with Tata Capital.