Majority stake in BigBasket for Tata means full exit of biggest backers of BigBasket, including Chinese e-comm giant Alibaba and equity firm Abraaj group. Both collectively hold about 46 per cent stake in BigBasket. Once deal is signed, it could value BigBasket at about $1.6 billion

How Mukesh Ambani, Amazon's Jeff Bezos and Walmart's Doug McMillon are fighting to get a bigger slice of India's $850 billion retail market

Tatas could pay around $500-700 million in cash to buy out stakes from Alibaba group and other private equity funds. Investors have reportedly no objections to Tatas buying out their stakes but want the current founders-led top management on board

Deal could be finalised as soon as Tatas' role in BigBasket is decided; Tatas are discussing modalities to buy out stakes from key investors like Alibaba group and other private equity funds by paying around $500-700 million in cash

While Flipkart and Myntra are already far ahead of the rest in e-commerce fashion, Walmart recently bought 7.8 per cent stake in Aditya Birla Fashion Retail and mkinority stake in Arvind Brands

The company bet it could do a better job of bridging online and offline data for its advertisers and give itself a shot at developing an ad platform that could take on Amazon.com Inc

Tata Group is aiming to up the ante in India's digital space and take on rivals such as Reliance Jio, Amazon and Flipkart by rolling out SuperApp; onboarding of Tata Teleservices for providing technical solutions to SuperApp is also expected to revive the telco arm's business

Tata group is planning to join the fundraising of Alibaba-backed BigBasket as it plans to raise $200 million from investors; start-up is also planning launch initial public offering in next two years

TCS share closed 7.30% higher at Rs 2706 against previous close of Rs 2,522 on BSE

Share of TCS gained 5.70% to Rs 2,666 against previous close of Rs 2,522 on BSE

Share of TCS gained 3.57% to Rs 2,512 against previous close of Rs 2425 on BSE. The IT stock has gained 6.68% in the last 3 days

A federal court judge in the US granted a reprieve to the TikTok app. Last week a California judge delayed restrictions to ban WeChat from the US.

Tata Group's digital platform would be a gateway to its consumer products that range from beverages and jewellery to fashion and lifestyle and resorts

Aarthi Subramanian leads the group's digital transformation efforts to make it future-proof

In the first ever online annual general meeting (AGM) in history of Tata Sons Private Limited, the representatives of the Mistry family reportedly raised concerns over the losses in various Group companies including aviation

In the latest case, the All India Online Vendors Association, members of which sell goods on Amazon and Flipkart, allege Amazon engages in unfair business practices

At present, FDI is permitted under the automatic route in LLPs that are operating in sectors where 100 per cent foreign direct investment is allowed through the automatic route and there are no FDI-linked performance conditions

After attaining the $1 billion revenue target, the company will be aiming to be among the top three players in each of the verticals it is engaged in, CEO Sudhir Singh said

The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank Of Commerce come into effect from April 1, 2020

Earlier, the GST exemption limit was fixed at Rs 20 lakh. In addition, those with a turnover of up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1 per cent tax