The move comes just days after the hotel company said in a regulatory filing on September 10 that the board had approved Cherian's appointment as a director for five years
There is room for consolidation in India, but we need to guard against concentration of power
The group plans to launch an umbrella portal in December, but there are major challenges in its ability to compete with RIL, Amazon and Walmart-owned Flipkart
Mistrys say it's vindictive move aimed to delays fund raise; will jeopardise future of 60,000 employees and over 100,000 migrant workers
Shapoorji Pallonji Group that owns 18.37% in Tata Sons said the Tatas moving SC to block its plan to pledge shares for raising funds reeks of vindictiveness, oppression of minority shareholder rights
Many Tata loyalists believe that the group has already bitten off more than it can chew
Tata Consumer Products Ltd (TCPL) believes there is enough headroom to grow in staples and packaged food space and the company is now expanding the offline reach of its spices and pulses brand Sampann, according to a top company official. The company is taking advantage of commodity spaces and driving conversion from unbranded to branded across beverages and foods. It is witnessing a change in consumption patterns, with an increased focus on safety and convenience along with a shift towards 'trusted' brands with a strong heritage, TCPL Managing Director & CEO Sunil D'Souza told PTI. Traditional ingredients, which have been known to build health and immunity over the ages have been favoured. "Our foods business in India, which is salt, pulses, spices and mixes has probably been the biggest beneficiary of this trend in India," he said. However, D'Souza also added that it is "difficult to say how many of these trends will become sustained long-term behaviour patterns. So, it will be
The meeting, attended by Tata group CEOs and the group patriarch, Ratan Tata, was chaired by N Chandrasekaran, who countered the allegations made by the Mistry representative at the AGM
For the fiscal year, at the consolidated level, the company's profit after tax has come down to Rs 10,916 crores from Rs 28,463 crores, mainly due to an increase in exceptional items
The Mumbai-based group is stepping up efforts to have a significant presence online in a market where internet users are forecast by Cisco Systems Inc. to reach 900 million by 2023
Reliance Jio, which signed a $5.7 bn deal with Whatsapp owner Facebook, is building its own digital empire by entering the hot e-commerce space in the grocery segment with its JioMart
Directs Trial Court to reassess; TCS to exploring legal options as it believes there is no evidence of misuse of Epic information
A possible bid for this troubled state-owned airline could be the first move towards bulking up its underwhelming aviation business
Tatas looking for partners in JLR, Steel unit may go lock, stock and barrel
Tatas are struggling with both steel and car plants in the UK which are making huge losses
Unacademy, Patanjali also among Indian contenders; Byju's and Dream11 too enter bids
Tata Group's entry into the fray makes the bidding war on August 18 very interesting
Street bets on strong demand for branded staple products, aggressive distribution expansion and new CEO's focus on underpenetrated categories
Last date for submitting EoIs for Air India is August 31
Listing out the challenges, he said infrastructure, regulation, bureaucratic overload of the private sector and investments are key areas