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tata: Tata Group needs to find the elusive elixir of growth to ward off Ambani

The Tata Group has denied rumors of acquiring a stake in Haldiram s, a snack-food maker. Instead, the Indian conglomerate may focus on expanding its consumer super-app, Tata Neu, which has the potential to tap into India s online commerce market. The group is also venturing into AI and semiconductor manufacturing through partnerships with Nvidia. However, the competition from Mukesh Ambani s Reliance Industries, which is also exploring similar fields, poses a challenge. ....

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Tata Digital to acquire majority stake in online healthcare, 1MG Technologies


Tata Digital to acquire majority stake in online healthcare, 1MG Technologies
Tata Digital Ltd, a wholly-owned arm of Tata Sons, on Thursday said it will acquire a majority stake in 1MG Technologies Ltd, an online healthcare marketplace.
The company, however, did not disclose the financial details of the transaction.
Just days after the company said it will invest $75 million (around Rs 550 crore) in fitness-focused Curefit Healthcare for an undisclosed stake, Tata Digital said its investment in 1MG is in line with Tata Group s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner. ....

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After BigBasket, Tata Digital to buy majority stake in e-pharmacy 1MG


After BigBasket, Tata Digital to buy majority stake in e-pharmacy 1MG
The investment is the latest in a series of investments the Tata Group has made as part of its strategy to build a super app
BusinessToday.In | June 10, 2021 | Updated 14:01 IST
The acquisition in IMG is in accordance with Tata Group s vision of creating a digital ecosystem that addresses the consumer needs across categories in a unified manner
Tata Digital on Thursday announced that it will acquire a majority stake in 1MG, a digital health startup. The investment is the latest in a series of investments the Tata Group has made as part of its strategy to build a super app and comes weeks after the salt-to-steel Indian conglomerate bought BigBasket, as well as announced an investment in fitness startup CureFit. ....

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