Photo: Facebook
Grocery Unicon BigBasket Snags Crores In Investment
The Innovative Retails Concepts, the Tata-owned company that operates grocery giant BigBasket, has received a capital investment of a whopping INR 1,000 crores from its holding company, Supermarket Grocery Supplies. The filings reveal that the transaction was approved on 31st March this year. 64% of the stake in Supermarket Grocery Supplies is owned by Tata Digital, which just recently launched its app, Tata Neu, that offers an array of… read-more
Tags: Investment, Start-up, Tata, Tata Company, ecommerce
Courtesy: The Economic Times
Photo: Money Control
Tata Communications Clock Rs 299 Crore Net Profit In Q4 Of FY21
Tata Communications has clocked a consolidated net profit of Rs 299 crore for the fourth quarter of financial year 2020-21. Reportedly, the Indian telecommunication giant recovering from Rs 275 crore loss a year ago due license fee gained strong operating performance as it reaped highest profit in last 11 years. Terming the FY21 as a ‘great year’ Tata Communications MD and CEO A S Lakshminarayanan said the company made “excellent progress on… read-more
Tags: tata communications, Tata Company, PROFIT, consolidated Net Profit
Courtesy: Outlook
