Air India reinstates employee salaries by 75% compared with pre-Covid level
Even though parent airline Air India's control was shifted to the Tata Group on January 27, Alliance Air till date was using the full-service carrier's PSS and its "AI" code to sell tickets
On Friday, Tatas announced revamp of the Air India board when the airline's functional directors stepped down and execs from various group companies took charge
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The Tata Sons chairman also said that the super app will see changes and its evolution will be customer-driven
Investors, including Mubadala, to get 10.53% stake
Tata Group chairman Natarajan Chandrasekaran on Thursday said the group's recently launched super app Neu is on an open architecture and it will host non-group brands as well. The Tatas finally launched its super app Tata Neu on April 7, after piloting it for months, but the group chairman claimed there was no delay in the commercial launch. Stating that the app has received an overwhelming response in the past seven days of going live, Chandrasekaran said the app is on an open architecture and will host products and services from non-Tata group companies. Similarly, the Neu pass will also be available to non-group brands, he said. The super app brings together grocery-to-hotel-to-airline ticket booking and medicine on a single platform, rivalling similar products from Amazon and Flipkart. On the launch day, Chandrasekaran had said Neu combines the traditional consumer-first approach of the group with the modern ethos of technology. Neu is a platform that gathers all our brands in
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Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%
The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure
Though the Tatas are betting on its super app Tata Neu, experts say super apps work best in regulated markets like China
Tata Group, which has launched its much-awaited super app called 'Neu,' bringing most of the daily consumer offerings on one platform, faced several issues on the first day of the launch
The TataNeu app according to Google Playstore has already been downloaded over 500,000 times
From IPL to luxury, the super app is buzzing with offers; 80% off on healthcare products, 50% on hotel stay, 60% on electronics, bigbasket running season's biggest sale
The company revealed the launch date of 'Neu' on its app as well as on Google Play Store, stating that "start your new journey with us on April 7".
The app, scheduled to be launched on April 7, has already seen 10-15 million visits.
Described as a "super-app" and in the pipeline since at least mid-2020, the website called it "a unified platform that connects several brands across the Tata universe like never before"
The super-app, TATA Neu can be easily downloaded on Android's PlayStore and iOS App Store.
The company in its description says that the super-app, TATA Neu is one platform that connects several brands like never before
Designed to be a super-app, Tata Neu offers everything from daily grocery, latest gadgets, flight bookings, and holidays.