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From a leased office of central Calcutta’s dingy Radha Bazar Lane, ITC began its journey as Imperial Tobacco Co of India Ltd as a subsidiary of the British parent in 1910 ....
Tata Group needs to find growth, ward off Ambani financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Tata Group has denied rumors of acquiring a stake in Haldiram s, a snack-food maker. Instead, the Indian conglomerate may focus on expanding its consumer super-app, Tata Neu, which has the potential to tap into India s online commerce market. The group is also venturing into AI and semiconductor manufacturing through partnerships with Nvidia. However, the competition from Mukesh Ambani s Reliance Industries, which is also exploring similar fields, poses a challenge. ....
Tata Group: Tata Consumer Products Ltd., the owner of the Tetley tea brand, was uncomfortable with Haldiram s $10 billion valuation, Reuters reported Sept. 6, citing sources who put the annual operating profit of the privately held business at $200 million. ....
The country’s eighth-largest publicly traded firm has a market value of $60 billion; it’s sitting on nearly $2 billion of net cash. The 93 percent of profit ITC returned to investors in the last financial year is a relief from the blistering growth family-run Indian businesses have pursued, writes Andy Mukherjee ....