Tata seeks CCI nod to buy majority stake in BigBasket
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Last Updated: Mar 12, 2021, 08:08 PM IST
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Synopsis
In the filing with the Competition Commission of India, Tata Digital Ltd, a wholly owned unit of Tata Sons, proposed to buy 64.3% of an entity that runs business-to-business sales for BigBasket.
Media agencies have reported that Tata Group group aims to take control of more than 60% of BigBasket, buying out Chinese e-commerce giant Alibaba s stake.
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BENGALURU: Indian conglomerate Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country s antitrust body showed on Friday.
Tata Power, Tesla in talks over setting up charging infrastructure: Report
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Tata Power, Tesla in talks over setting up charging infrastructure: Report
Reuters / Updated: Mar 12, 2021, 17:03 IST
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BENGALURU: Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.
Shares of Tata Power rose 5.5% to their best closing level since June 9, 2014 after the report, which comes as the Palo Alto-based electric-car maker gears up for an India launch later this year with plans to import and sell its Model 3 electric sedan in India.
Is Tata Chemicals going to be the next jewel in Tata crown?
The management of Tata Chemicals has plans to spend Rs 2,400 crore in expansion, of which Rs 800 crore has been already spent.
Synopsis
Tata Chemicals has staged a sharp rally off the recent lows. The stock is expected to touch Rs 620 in the short term, according to technical analysts.
MUMBAI: Here’s the next jewel in the famed Tata crown. With expansion plans that include lithium-ion cells for electric vehicles (EV), chemicals, nutritionals and agri-sciences, Tata Chemicals could well be the next Titan Industries – a multibagger idea from the storied conglomerate.