The profit growth came in line with analyst projections of 7-11 per cent growth. The Mumbai-based Tata group firm said its consolidated revenue for the quarter rose 4.04 per cent YoY to Rs 60,583 crore from Rs 58,229 crore in the same quarter last year.
Vandrevala joined the Mumbai-based Tata group firm in 1982 and served as a key part of the leadership team over the decades, including as an ED between 2007-2016. He also was the global head of global corporate affairs at TCS.
A new class of competition is disrupting legacy media in the world’s most-populous nation, leading to a second change in the ownership of a popular franchise in four years.
Bob Iger, CEO of The Walt Disney Co., is reportedly nearing a deal to sell the company s Indian operations, known as Disney Star, for billions of dollars. This comes as a new class of competition, led by Indian tycoon Mukesh Ambani, disrupts the legacy media industry in India. Ambani s 4G telco has gained over 400 million customers and has built a consumer empire that blurs the lines between carriage, content, and commerce. The deal with Iger would validate Ambani s digital, retail, and consumer finance propositions, further solidifying his dominance in the Indian market.
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