September 6th, 2018It was last week that the chairman of Tata Trusts sold his entire equity holding in Ampere Vehicles to an engine manufacturer Greaves Cotton which is based in Mumbai. Following this move, the former Tata Sons Chairman Ratan Tata is believed to have gained more than twice his investment.
The investment of Tata amounted to about Rs 3...
August 4th, 2018Gopichand Katragadda, the chief technology officer (CTO) of Tata Group has expectedly stepped down from his role. He joined the company as the CTO on 3rd August 2014, reporting to the chairman Mr. Cyrus P. Mistry.
In his role, Katragadda was responsible for technology at the group level and shared his expertise in managing R&D...
July 16th, 2018The popular cab aggregators, Ola and Uber have withdrawn a substantial number of orders of around 2.7 lakh vehicles from the largest automobile maker Tata Motors.
These companies that have been a valuable player in the ride-hailing space, obtain cars from automakers to make it available for the cab drivers on installments, but now it...
July 2nd, 2018Indian industrialist and investor, Ratan Naval Tata who is well known as the former chairman of the popular conglomerate Tata Sons (one of the two holding companies of Tata group). Ratan Tata has done a commendable job in terms of investment activities and has been taking a keen interest in the Indian Startup ecosystem. With the help of...
June 8th, 2018China’s biggest online payment platform Ant Financial Services Group which operates the Alipay mobile payment service, in its recent funding, has raised a huge amount of around $14 billion, with the aim to expand its platform across the globe and bring in latest technologies.
Ant Financial which is controlled by Jack Ma is an...
May 28th, 2018Tata Consultancy Group and Reliance Industries are currently the two biggest companies in India but differ greatly in terms of the way their businesses operate and in terms of revenues and market valuations.
Valuation
Tata Consultancy Group leads the race between the two, currently, the Indian company with the highest...
May 20th, 2018Bamnipal Steel Ltd (BNPL), daughter company of Tata Steel, recently made the acquisition of 72.65% of controlling stakes in Bhushan Steel Ltd (BSL) for Rs 35,200 Cr.
Tata Steel Ltd made the highest bid to acquire the indebted Bhushan Steel Ltd in an insolvency action. The firm filed for bankruptcy was among the 12 stressed assets that...
January 26th, 2018Bengaluru based Axio Biosolutions has raised $7.4 million (about Rs 47 crore) in a Series-B funding round led by Ratan Tata's RNT Capital, Accel Partners and IDG Ventures India.
The company will use the funds for geographical and product portfolio expansion.
The medtech company that specialises in wound care also gave an exit with...
January 23rd, 2018Indian industrialist tycoon Ratan Tata backed Niki.ai has tied up with Kerala-headquartered Federal Bank to launch a virtual assistant in Federal Bank's smartphone application, a financial daily reported.
Federal Bank confirmed saying that the chatbot will be helping customers to access m-commerce services right within the app,...
December 22nd, 2017Gurugram-based online women's fashion portal Kaaryah has shut down after operating for over three years. The startup failed to sustain because of the lack of funds, said Nidhi Agarwal, the founder and CEO of Kaaryah.
The company has also laid off its workforce of around 50 employees.
“It was not sudden. We have been trying to...
December 15th, 2017Siliguri and Bengalure based online premium tea selling startup Teabox raised $7 million in a series B fresh round of funding from a clutch of investors including Accel Partners and Ratan Tata.
The startup will use the funding to expand its geographic reach, and further penetrate in US.
“Online and offline expansion will be a...
