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Tata Bigbasket I Tata proposes to take majority stake in Alibaba-backed BigBasket

Updated Mar 12, 2021 | 20:28 IST
The deal, if approved, would put Tata - a more than 150-year-old group with interests in everything from luxury cars to software
Tata proposes to take majority stake in Alibaba-backed BigBasket | Photo Credit: PTI
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.
The deal, if approved, would put Tata - a more than 150-year-old group with interests in everything from luxury cars to software - in direct competition with Amazon, Walmart s Flipkart and an upstart grocery service from Reliance Industries, backed by billionaire Mukesh Ambani. ....

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How N Chandrasekaran pivoted Tata Sons in his four years as Chairman

Updated Feb 19, 2021 | 21:35 IST
Chandrasekaran stepped into the top job at Tata Sons on February 21, 2017, in the midst of a bitter boardroom battle. He set the conglomerate on a path of simplifying, synergising and scaling.
N Chandrasekaran (File Photo)
Key Highlights
Market capitalization of Tata Group companies have doubled to Rs 17 lakh cr since Chandra took over in 2017
Tata Sons is looking to build a Super App, that will be a one-stop-shop for all Tata products
Tata Steel and Tata Motors have totally deleveraged Rs 51,000 crore of debt since 2017
In 2016, the Tata Group found itself in the midst of a stormy battle with the sudden announcement of Cyrus Mistry s exit and a public fallout between Mistry and Ratan Tata. ....

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