Written By ET Now Digital Tata UniStore, which owns e-marketplace Tata Cliq, has received Rs 102 crore in two tranches as part of its plans to raise Rs 1,000 crore, as per the latest regulatory filings. KEY HIGHLIGHTST The group has infused Rs 5,100 crore so far in two group entities, the highest-ever fund infusion done in a year by the salt-to-software conglomerate When it comes to ecommerce, Tata is still at a nascent stage compared to its rivals. Tata Digital has raised the funds from its parent Tata Sons. Tata UniStore is raising capital from its two joint venture…
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Written By DEVIKA SINGH Pune-based Agarwal Business House, the largest franchisee of Crossword Bookstores, acquired the book retail chain from Shoppers Stop this week. It plans to expand the bookstore’s retail footprint and focus on the omnichannel play. Crossword Bookstore In Panjim (PC: Wikimedia Commons) Agarwal Business House (ABH) has set an ambitious growth plan for Crossword Bookstores it is acquiring from Shoppers Stop and is optimistic about turning around the loss-making venture despite concerns about the industry-wide decline in sale of books. The company, while expanding the retail store chain to new geographies including tier-II cities, also plans to…
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Written By ET Now Digital The app will also be integrated with Facebook-owned WhatsApp on the lines of WeChat—China’s most popular social commerce platform which has more than 1 billion users--according to sources. New Delhi: Mukesh Ambani-owned Reliance Industries is reportedly planning to creating a super app by integrating the offerings of local search engine Just Dial, which it had acquired recently, as it aims to be the number one player in the ecommerce space. Currently, it offers Jiomart for online grocery retail and mobile apllication App, My Jio and the one stop super app is likely to be a…
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Written By Upmanyu Trivedi And Saritha Rai The two behemoths, owned by two of the world's richest men, Jeff Bezos and Mukesh Ambani, are fighting for a bigger slice of the Indian market. Supreme Court said Reliance cannot go ahead with a $3.4 billion deal to buy Future Group's retail assets. Mukesh Ambani's planned $3.4 billion purchase of an indebted retailer suffered a blow after Amazon.com Inc. won a court battle to halt the transaction, disrupting the tycoon's ambitions to take on the US e-commerce giant in the $1 trillion local market. On Friday, a two-judge bench of Supreme Court…
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Written By Nabeel A Khan India’s super-luxury car (priced above INR 2 crore) sales have apparently been on a growth trajectory for the past few years. The niche segment grew more than three fold from about 150 cars in 2018 to about 500 cars in 2020. But the overall volume of the segment remains too low to be significant. Though India is one of the countries having the highest number of millionaires in the world, it doesn't figure among the top 25 markets for such cars in the world. New Delhi: In the number of billionaires India is placed third…
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