Tata Group has sought Competition Commission of India’s approval on its deal to buy a majority stake in Bigbasket, indicating that the two enterprises have inked an agreement, it is learned.
Tata Group | azlyrics.org.uk
Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd at about $1.6 billion, a person familiar with the matter said.
Tata Group launched a Covid-19 test kit on Monday that it says will process results more easily and faster than the RT-PCR method considered the gold standard for detection, at a time when cases are still rising in the country.
Salt-to-software conglomerate Tata Group is in talks with Indian online grocery startup BigBasket to buy a stake in the company, a business newspaper reported, citing people familiar with the matter.
Tata Group, India’s conglomerate that sells almost everything from cars to apparel and steel, is seeking to buy Indian online retailers to beef up its presence in e-commerce. The group has reached out to IndiaMart InterMesh Ltd, a business-to-business marketplace, for a potential stake purchase.
The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned … Continue reading Mistry family says it’s ‘time to separate’ from Tata Group
The $111 billion Tata Group is not looking to monetise investments to raise capital and has enough cash to support group firms, its chairman N Chandrasekaran said on Friday as he sought to scotch speculations about the impact of Covid-19 pandemic on the group’s business. Tata Sons issued a statement to “dispel the recent unfounded … Continue reading ‘Tata Group not looking to monetise investments’
Some of its companies like Indian Hotels (Taj), Tata SIA Airlines (Vistara) and Tata Motors have been majorly hit after travel bans and production shutdowns of non-essential products. Some other units like Tata Power and Tata Communications benefited as stay-at-home restrictions increased demand for electricity and internet.
Tata Sons chairman emeritus Ratan Tata on Saturday announced a commitment of Rs 500 crore to protect and empower communities affected by the deadly coronavirus. The amount will be jointly contributed by Tata Trusts, Tata Sons and the Tata Group companies.
Bharti Airtel, Vodafone Idea and Tata Group’s self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court’s ruling on AGR (adjusted gross revenue).
The government will form an expert group to decide over Rs 82,300-crore disputed AGR (adjusted gross revenue) claims that have arisen due to differences between the outstanding payment sought by the telecom department (DoT) and those claimed by private telecom companies such as Vodafone Idea, Airtel and Tata Group.
Flipkart group is likely to acquire the loss-making wholesale cash-and-carry business of its parent US retail giant Walmart in India. The move comes shortly after talks with the Tata Group, which was looking to pick up a stake in Walmart India, made no headway.
A consortium of Tata Group and two financial investors will now buy 49% in GMR Airports, operator of the Delhi airport which is the largest in the country, instead of 44.4% as proposed earlier.
Bombay Dyeing chairman Nusli Wadia withdrew all defamation cases — including the Rs 3,000 crore suit — against Tata group chairman emeritus Ratan Tata and others. Wadia had filed a criminal defamation case against Ratan Tata and other directors of Tata Sons in 2016 after he was voted out of the board of some Tata … Continue reading Nusli Wadia withdraws cases against Ratan Tata
The Supreme Court on Friday stayed the NCLAT decision to restore Cyrus Mistry as executive chairman of the Tata Group. Tata Sons Private Ltd had challenged the December 18 decision of the National Company Law Appellate Tribunal that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman … Continue reading Supreme Court stays NCLAT order on Cyrus Mistry