The diversified Tata Group touches every online shopper with existing consumer brands and the attempt of Tata Digital will be to bring together all the assets under a single value proposition, the new outfit’s president Mukesh Bansal said on Wednesday. The group — which will be competing head on with Mukesh Ambani’s digital business, Amazon … Read more
Tata Sons has reappointed N Chandrasekaran as its executive chairman for another five years, ensuring leadership continuity even as the owner of one of India’s oldest conglomerates syncs itself with the new business environment. Its board, which met on Friday, reviewed the last five years’ performance of the $103-billion conglomerate and decided to renew his … Read more
After Vodafone Idea (VIL), Tata Teleservices Maharashtra (TTML) now opts for this conversion. For VIL, it made sense (check the article). However for TTML to opt for this is highly confusing and mysterious. Why? The interest amount that TTML had to pay was only Rs 850 crore. For Tata group this is nothing. In lieu … Read more
BJP leader Subramanian Swamy has approached the Delhi High Court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities. A bench of Chief Justice D N Patel and Justice Jyoti Singh is scheduled to hear the petition on Tuesday. Swamy, a Rajya Sabha MP, has sought … Read more
Tata Consumer Products Ltd (TCPL) that sells packaged water, tea, salt and pulses is set to scale general trade distribution of its Sampann brand of pulses, mixes and spices as it spots an opportunity in expanding the brand beyond top metros and going deeper into the country’s mom and pop stores. We want Sampann to … Read more
“Beauty products will be a key focus for us from now on along with footwear and underwear”, Noel Tata, non-executive chairman of Trent said in an interview. Key points to note – Simone Tata, Noel Tata’s mother, had helped create Lakme in 1953 as the country’s first cosmetics brand. It was sold to Unilever’s Indian … Read more
Tata Sons Ltd, the holding company of India’s largest conglomerate, is evaluating the sale of non-core real estate assets owned by its operating companies, including land, and residential and commercial real estate, two people aware of the plans said. The company has engaged consultants to identify and value the group’s real estate assets in India … Read more
Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more
India’s Tata Sons Chairman N Chandrasekaran said on Wednesday that no leadership changes were on the anvil, refuting media reports. The holding firm of the Indian conglomerate was considering adding a chief executive role amid a revamp of its leadership structure, a Bloomberg report had said on Tuesday. Source link