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India Business News: Shares of India's Vodafone Idea tumbled as much as 24% on Thursday, a day after the troubled telecom operator's board accepted billionaire-industriali
Updated Mar 08, 2021 | 11:06 IST
The full-fledged entry of the Tatas will raise competition in India’s online retail segment dominated by players such as Flipkart, Amazon and billionaire Mukesh Ambani-controlled Reliance Retail. tata
New Delhi: Salt-to-software conglomerate Tata Sons’ digital arm Tata Digital has held early talks with Just Dial, the online classifieds company, to ink a strategic deal or a potential stake purchase, as the $113 billion Tata group is poised to beef up its presence in e-commerce.
Last month, the Tata group reportedly acquired 68 per cent in online grocer BigBasket for Rs 9,500 crore, and the deal assumes significance because the conglomerate is building a super-app that will offer a wide range of items under one roof. Tata Digital has held multiple discussion with several partners as it wants to finalise its ‘Super App’. Many experts of the opinion that the entry of the Tatas will certainly raise competition in I