Tata Communications today inked a deal with Alibaba Cloud to enable customers from India and 150 other countries to connect to the Chinese e-commerce giants Express Connect platform for a fast, stable and secure network. The Express Connect will be linked through Tata Communications IZO Private Connect service. This collaboration was announced at Alibaba Clouds […]
Engineering services company Tata Technologies today said it has entered into a definitive agreement to acquire Escenda Engineering AB. “The acquisition helps Tata Technologies accelerate its plans to expand in Europe due to the rapid growth opportunity the region offers in both the automotive and industrial machinery sectors,” the company said in a statement issued […]
SoftBank-backed Ola has raised Rs 670 crore (USD 104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs 267.99 crore, another Rs 402 crore has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI […]
Global coffeehouse chain Starbucks introduced tea as a core offering in 88 stores in the country under the brand Teavana. “We had nine teas on offer and are doubling that with the launch of Teavana speciality teas. We are looking at attracting newer customers with our focus on tea, and are looking to double tea […]
Moving the head of Tata Consultancy Services to the top job at Tata Sons’ holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpredictable 2017. The promotion of Tata veteran Natarajan Chandrasekaran – the well-regarded, high-performing boss of TCS under […]
As feud at India’s biggest conglomerate continues, Tata Group’s interim chairman Ratan Tata today said there has been a willful, well-orchestrated move to destroy his personal reputations through unsubstantiated allegations. Without naming anyone, he said the ethics and values of the group have been “challenged by people who are known not to practice what they […]
Realty portal Housing.com has tied up with real estate major Tata Housing to create an exclusive digital marketing platform for the sale of existing inventories and launch of new projects. Housing.com and Tata Housing have formed a partnership as part of which the realty portal would “offer a full stack solution by creating an exclusive […]
The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate’s crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip on the firm’s business, say analysts. “Customers care about delivery and long-term stability, not so […]
Days after ousted Tata Sons chairman Cyrus Mistry blamed Nano for bleeding Tata Motors, the company today said it has significantly written off development cost and investments related to the car and is now refocusing its strategy on “growing and attractive segments” of the passenger vehicles market. The company, however, refuted Mistry’s allegations that another […]
The war of words between Tata Sons and its ousted Chairman Cyrus Mistry ratcheted up a notch late on Friday, with Mistry stating he was surprised with reasons given by the Indian conglomerate for his dismissal. Mistry was sacked as chairman by the board of Tata Sons on Monday and a scathing 5-page letter he […]
US-based e-commerce giant Amazon today said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum. The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, Amazon said in […]
A day after the abrupt ouster of Cyrus Mistry as Tata Group chairman, Ratan Tata, who has assumed charge as interim Chairman, today asked senior management of the conglomerates firms to focus on their businesses without being concerned about the top level change. Stating that his role is for short term so as to ensure […]