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Tata Cliq Losses: In the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up the business.
The company in the filings did not give any reasons behind the financial performance. Industry executives said this jump in revenue – highest growth rate in at least the last five years – is driven by Croma becoming the exclusive online seller for all electronic products in the group’s e-commerce platform Tata Neu and rapid offline store expansion.
Tata Sons Chairman N Chandrasekaran was honoured with the Business Icon Of The Year award at the BT Best CEO Awards. Find out what 'The Chandra Effect' has meant for the Tata group, how the conglomerate has grown since Chandrasekran took over and what's next for Tata companies such as Tata Steel, Tata Motors, Air India, super app Tata Neu and more. Check out this Business Today Visual Story to find out all about this and more from N Chandrasekaran's exclusive interview with BT Magazine.
Best Media Info: As per the survey results, cable/DTH television sets are favoured mode of watching IPL for the middle-aged population, while the younger demographic prefers mobile (Jio Cinema)| Marketing News