NEW DELHI: veteran industrialist Ratan tata, who addressed Tata group and whose iconic hotel in Mumbai was one of the sites of the 11/26 terrorist attacks, wrote a heartfelt tribute Thursday saying that the rampant destruction that took place 12 years ago will never be forgotten. Tata posted his tributes …
Read More »Shapoorji Pallonji Group participates in all Tata companies, seeks division
The Shapoorji Pallonji Group (SP) has sought a prorated division of all Tata Sons assets based on its 18.4 percent stake in the holding company of the conglomerate Tata, the group said in its liquidation filings in Court Supreme The SP group has sought a direct stake in all of …
Read More »Tata Group to Buy a Majority Stake in BigBasket for Around $ 1 Billion: Report
BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $ 1 billion to salt-to-software conglomerate Tata Group. reported the Economic Times on Wednesday, citing three sources familiar with the matter. The centennial group has been planning to launch a “super …
Read More »Tatas In Talks To Buy Stake In IndiaMart: Report
Tata Group, the Indian conglomerate that sells almost everything from cars to clothing to steel, is looking to buy Indian retailers online to bolster its e-commerce presence, people familiar with the matter said. The group has reached out to IndiaMart InterMesh Ltd., a business-to-business marketplace, for a possible stake purchase, …
Read More »#BoycottTanishq trending after interfaith marriage announcement sparks row
The ad shows a Hindu daughter-in-law in a Muslim home. An advertisement for jewelry brand Tanishq sparked a dispute after right-wing groups claimed it was promoting ‘love jihad’, a popular conspiracy theory put forward by Hindu ideologues that suggests Muslim men deliberately marry Hindu women in order to convert them. …
Read More »TCS will implement salary increases for all employees, starting October 1
After a hiatus, industry leader Tata Consultancy Services (TCS) has decided to go ahead with raising pay for all of its employees. The salary increase will be effective from October 1 and the amount of the increase is being calculated, the company said. Shortly after the outbreak of the Covid-19 …
Read More »Tata looks at options on leaving AirAsia
Tata Sons Ltd is considering various options about the future of its airline AirAsia India in the context that its Malaysian partner plans to exit, two people familiar with the matter said. This comes at a time when the Tatas are faced with the daunting task of raising funds to …
Read More »Walmart Seeks Up to $ 25 Billion Investment in Tata Group’s “Super App,” Report Says
Bangalore: Walmart Inc is in talks with the Tata Group for an investment of up to $ 25 billion in the salt-to-software conglomerate’s new “super app”, the Mint newspaper reported Tuesday, citing people familiar with the matter. Based on ongoing discussions between the two companies, the super app could be …
Read More »Tata Group seeks potential investors for a new digital platform: Report
India’s Tata Group is in talks with potential investors about the possibility of participating in a new digital platform, said people familiar with the matter, who are looking to modernize their consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani join the incipient e-commercial market. Tata Sons …
Read More »Shapoorji Pallonji Group to reformulate 10,900 crore debt under COVID-19 resolution framework
Mumbai: Shapoorji Pallonji Group, which has decided to exit the Tata group, will restructure ₹10.9 billion rupees of its debt under the pandemic-related stress resolution framework, an official with the group said. The relief is sought under the one-time loan restructuring plan approved by the Reserve Bank after it accepted …
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