Trent Q2 Profit Rises 11.3 Per Cent
Trent reports 11.3 per cent rise in Q2 profit and 15.9 per cent revenue growth, with over 1,000 stores and steady performance across formats.
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Pegatron Hands Over India iPhone Plant To Tata In Major Apple Supply Chain Shift
- by BW Retail World Bureau
- April 10, 2024
Pegatron is reportedly in advanced discussions to transfer control of its sole iPhone manufacturing facility in India to the Tata Group, news agency Reuters reported citing two sources. This development signifies Pegatron’s latest move to scale back its partnership with Apple. As part of the proposed deal, which has Apple’s approval, Tata intends to hold […]
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Supermarket Chain Vishal Mega Mart Eyes $1 Bn IPO: Report
- by BW Retail World Bureau
- March 13, 2024
Vishal Mega Mart is reportedly planning a USD 1 billion initial public offering (IPO) that would value the company at up to USD 5 billion. The IPO proceeds are intended to fund the addition of new stores, according to sources familiar with the matter as reported by Reuters. Switzerland’s Partners Group and India’s Kedaara Capital, […]
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Bigbasket Targets 2025 IPO After Turning Profitable
- by BW Retail World Bureau
- March 6, 2024
Big Basket, an online supermarket owned by the Tata Group, plans to go public in 2025 after becoming profitable, the news agency PTI reported citing a top official. The Bengaluru-based firm, which is part of Tata Digital, will become profitable in the next 6-8 months after the newly announced ‘BB Now’ vertical begins to generate revenue, […]
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Tata May Enter Food Delivery Space, Plans To Take On Swiggy, Zomato
- by BW Retail World Bureau
- February 9, 2024
Tata Group is reportedly planning to enter the online meal-ordering business. According to media reports, the company’s’super app’, Tata Neu, intends to launch its food delivery service through the government’s Open Network for Digital Commerce (ONDC). The Tata Neu app already includes a food category page. When users click it, the app exclusively displays menus from […]
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Trent Net Profit Jumps 139.4% In Q3FY24
- by BW Retail World Bureau
- February 8, 2024
Trent, a part of the Tata Group, on Wednesday reported a 139.4 per cent surge in consolidated net profit at Rs 370.64 crore in the third quarter (Q2) ended December 2023 against the consolidated net profit of Rs 154.81 crore in the same quarter last fiscal, it said in a regulatory filing. The company’s total […]
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Voltas Net Loss Shrinks To Rs 27.6 Cr, Total Income Up 32% In Q3 FY24
- by BW Retail World Bureau
- January 31, 2024
Voltas, a Tata Group-owned consumer appliance firm, recorded a consolidated net loss of Rs 27.60 crore in the third quarter (Q3) ended December 2023, compared to a net loss of Rs 110.49 crore in the same time the previous fiscal year, according to a BSE filing. However, the company’s overall income increased by 31.8 per […]
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Tata Group Expands Electronics Footprint With Acquisition Of Wistron India Unit
- by BW Retail World Bureau
- January 25, 2024
In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield […]
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Titan Attains 3 Lakh Cr Market-cap, As Stock Continues Rally
- by BW Retail World Bureau
- November 22, 2023
Titan’s stocks reached a 52-week high of Rs 3,415 on Wednesday’s trading session, leading the company’s market capitalisation to Rs 3 lakh crore. The stock opened at Rs 3,400 and extended its last day gains to more than 0.75 per cent. Titan reached a market value of Rs 1 lakh crore for the first time […]
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Tata Group Mulls Selling Home Appliance Division Of Voltas
- by BW Retail World Bureau
- November 8, 2023
Tata Group is considering the possibility of selling the home appliance division of Voltas, due to challenges encountered in expanding this business in a fiercely competitive market. According to sources cited by Bloomberg, the management of Tata Group is currently engaged in discussions regarding this potential sale and has not yet arrived at a decision […]