Voltas, the refrigeration company from the Tata Group, announced the launch of the first products from its 50:50 venture with Turkey’s Arçelik. A total of 100 models of home appliances, including refrigerators and washing machines, will be introduced to the Indian market under the Voltas Beko brand over the next three months, it added. The two […]
Tata Steel has promoted T V Narendran, currently MD for India and South East Asia, as the company’s new CEO and Managing Director. The Board also reappointed Koushik Chatterjee as Executive Director and Chief Financial Officer for a period of 5 years with effect from November 9, 2017, when his present term expires on November […]
Bharti Airtel Limited’s (BBB-/Stable) announcement that it plans to acquire the consumer mobile operations of Tata Teleservices and Tata Teleservices (Maharashtra) Ltd (Tata Telecom business) is positive for the deal participants as well as the industry, Fitch Ratings said. Bharti’s credit profile will improve slightly as it is paying no consideration for the operations, which […]
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before. This was achieved partly due to an acquisition. During the year, its renewable arm Tata Power Renewable Energy Limited completed the acquisition of WREPL which had […]
Ratan Tata, one of the most respected business figures in India and the chairman of Tata Trusts, has drawn attention to the practical difficulties faced by ordinary citizens in dealing with the ongoing currency exchange program. Tata, who was one of the first business leaders to extend a hand of friendship to Narendra Modi when […]
Intex Technologies, one of the leading Indian handset player said it has partnered with Tata Teleservices subsidiary mRUPEE to launch their first ever mobile wallet. The mobile wallet, named ‘Intex MyWallet’, will include quick integrated payment functionalities and conveniences within the device related to recharge, money transfer, shopping, booking train, movie bus tickets and much […]
Lingerie is an intimate part of a woman’s wardrobe, in every sense and Tata CLiQ, the Tata group’s multi-brand e-commerce platform, has brought a curated and exclusive range of Indian and International lingerie brands collection, in diverse size range and affordable prices, altogether on it’s e-platform. The collection consists of 14+ lingerie brands including Amanté, […]
Tata-owned Indian Hotels Co Ltd denied reports that it was in talks with Hyderabad-based GVK Reddy family to merge their joint venture Taj GVK with Indian Hotels. The company was reacting to a news item in CNBC TV18 news channel claiming that the GVK family was negotiating a swap ratio for merging the two companies. […]
Tata Chemicals said it sold its urea business to Europe-based Yara for Rs 2670 crore. Yara sells farmers’ products. Tata Chemicals will continue to own the brands Paras, TKS and Daksha. This transaction does not include specialty products and complex fertilisers, the company added. ”This process of divestment by Tata Chemicals Limited is in line […]
Trent Ltd, which operates the various retail chains of the Tata Group, said US-based Amazon.com has agreed to buy a 26% stake in its fully-owned subsidiary Westland for Rs 95 mln. It will also get an option to buy out the remaining 74% from the Tatas. Before the transaction, the entire shareholding of Westland was […]
Tata Housing has launched a premium new housing project called Eleve in Mumbai. The project, which will offer 2BHK, 2.5BHK and 3BHK units starting at Rs. 1.4 crore, is being built in collaboration with the city-based realtor Neptune group and is spread across 22 acres of land. Located in Bhandup, ‘Eleve’ will have access to […]
Tata Trusts and Google India today announced the launch of a special program called “Internet Saathi” to help rural women use the Internet and benefit from it in their daily lives. “The joint initiative is aimed at bridging the technology gender divide, which currently puts women in rural India at further risk of getting […]
Tata AIG General Insurance Co, one of India’s top insurers, has been pulled up by the country’s top consumer court after the company claimed that it did not insure a buffalo as claimed by a farmer, and that someone had cheated the farmer by forging documents. “It is a sad story that the gullible persons […]
Tata Housing, one of the top real estate companies in India and a pioneer in experimenting with online selling of flats in India, has sold a villa worth Rs 5.5 cr through its ecommerce portal. The transaction is easily the biggest retail ecommerce sale in India. “The company has managed to sell more than 30 […]
