Tata Digital To Appoint An External CEO: Reports
Reports note that the new Chief Executive Officer (CEO) will have a clear responsibility of streamlining operations, overhauling the organisation
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Tata Coffee Merges with Consumer & Beverages Arms, Effective 1 January
- by BW Retail World Bureau
- December 30, 2023
Tata Coffee, a Tata Group company, is set to finalise its merger with Tata Consumer Products (TCPL) and Tata Beverages and Foods (TBFL) on Monday, as per the company’s stock exchange filing. The record date for determining the shareholders entitled to receive TCPL’s equity shares post-demerger and amalgamation is 15 January. The company’s BSE filing […]
Brands
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Tata Communications Completes Rs 486 Cr Acquisition Of NY-Based ‘The Switch’
- by BW Retail World Bureau
- May 2, 2023
Tata Communications on Monday announced the completion of The Switch Enterprises LLC (The Switch) acquisition. The acquisition was undertaken by Tata Communications through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. The acquisition worth Rs 486.6 crore in cash transaction was closed post customary adjustments and regulatory approvals. Tata Communications had entered into a […]
Brands
FMCG
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Bisleri Deal Dissolves, Tata To Expand Its Own Brands
- by BW Retail World Bureau
- March 23, 2023
Tata Consumer Products is planning an expansion in its own product line making substantial investments in its mineral water brands. This was reported in the media on Thursday. Tata currently owns brands like Tata Copper+ and Himalayan. The development came following the company’s failed attempt to acquire the bottled water brand Bisleri. Sunil D’souza CEO […]
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Logistics
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Singapore Airlines To Get 25.1% Stake In Enlarged Air India Group
- by BW Retail World Bureau
- February 28, 2023
Singapore Airlines’ deal with Tata Sons (Tata) will inject a further SGD 360 million (USD 267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons […]
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Fashion & Lifestyle
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Tata Owned Trent Reports Consolidated Net Profit Of Rs 154.81 Cr In Q3
- by BW Retail World Bureau
- February 9, 2023
Trent, a Tata group retail business, reports consolidated net profit of Rs 154.81 crore for the third quarter ended December 31, 2022 on Wednesday. Trent reported a net profit of Rs 113.78 crore in the October-December quarter of last year in a regulatory filing. During the quarter under review, its income from operations was Rs […]
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Electronics
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Tata Group To Take Over iPhone Maker’s Plant Near Bangalore
- by BW Retail World Bureau
- January 10, 2023
Tata Group is on the point of acquiring a significant plant in southern India, creating the country’s first homegrown iPhone manufacturer. According to two people familiar with the process, the airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron, for months and hopes to complete the purchase by the end of March. […]
E-commerce & Marketplaces
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Ecommerce Brand Tata Cliq Secures Rs 1,600 Cr From Tatas
- by BW Retail World Bureau
- December 21, 2022
Continuing the high pace of investment, Tata Group has already infused over Rs 5,000 crore into its e-commerce business this fiscal.
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Ambani’s FMCG Brand Independence To Take On ITC, Patanjali, Tata And Adani
- by BW Retail World Bureau
- December 20, 2022
Mukesh Ambani-led Reliance Consumer Products (RCPL) is set to take on the likes of FMCG food brands including ITC, Tata Consumer Products, Adani Wilmar and Patanjali. RCPL, the newly formed FMCG arm of Reliance Retail Ventures (RRVL), offers staples, processed foods, beverages and other daily essentials under the newly launched brand Independence. On […]