The retail chain, which opened just 50 stores in the last four years, is launching three stores every month in the current financial year.
Croma, the electronics retail chain of the Tatas, is expected to break even by the next financial year, a top company executive said today.
Tata Group's Croma, which launched its e-retail store last month, is reworking its backend to secure its early mover advantage
Second Tata firm to join hands with e-commerce portal.
The store launches same-day delivery for its site, though analysts say others have eroded its headstart in the brick and mortar format.
Infiniti Retail, which sells electronic goods of around 180 brands in its Croma stores, today launched its small format store 'Croma Zip' at the Delhi International Airport. Infiniti Retail is a 100 per cent subsidiary of Tata Sons.
'With this revamp the anonymous journey of the user will begin wherein he will not have to sign in every time he accesses the app.'
Close to six months since the launch of Tata Neu, the super application (app) from Tata Sons Group is all set for a revamp. The highlights include a reimagined rewards programme or NeuPass, a more seamless user experience by increasing the digital maturity of brands, adding more brands to the platform, and hiring category leaders to drive the next phase of growth. When it comes to brands, Titan will join Tata Neu by Diwali. Tata Motors and Air India will be on board after the Festival of Lights.
Tata Group chairman Natarajan Chandrasekaran on Thursday said the group's recently launched super app Neu is on an open architecture and it will host non-group brands as well. The Tatas finally launched its super app Tata Neu on April 7, after piloting it for months, but the group chairman claimed there was no delay in the commercial launch. Stating that the app has received an overwhelming response in the past seven days of going live, Chandrasekaran said the app is on an open architecture and will host products and services from non-Tata group companies.
The Tata group on Thursday launched its super app, Tata Neu, bringing all its brands in one platform as it seeks to play a major role in the Indian ecommerce space currently dominated by the likes of Amazon and Flipkart.
Shivani Shinde reports. The youngest member of the Tata group, the much-awaited Tata Neu, has finally been launched for people across the country. The 'super app' offers a number of services ranging from financial services to tech, travel and even groceries. The app takes off with a customer base of 120 million, with 2,500 offline stores. According to the Tata group, the app will be a one-stop destination for all consumer needs. The super app also offers a bouquet of financial offers like Unified Payments Interface (UPI), bill payments, loans and insurance. Tata Neu will also provide other services like fashion, gadgets, groceries, travel and health.
Tata Sons-owned Infiniti Retail, which runs electronics and durable stores under the Croma brand, is expecting a turnover of Rs 2,000 crore (Rs 20 billion) from its newly launched online venture in two years. Cromaretail.com, the chain's e-retail venture, on Monday went live in 319 cities across 24 states.
Powered by Ziptron technology, the electric SUV for the personal segment comes with a range of 312 km on a single charge and a high voltage system, fast charging capability, extended battery life and class leading safety features. Besides, it has 35 connected car features as well. The Nexon EV will be available in three trim levels across 60 authorised dealerships in 22 cities, the company said at the launch.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
Bombay House turns evangelist for new Tata products.
He seems to have struck a chord with young entrepreneurs.
Among the businesses that need consolidation are retail and defence
The Tata Group has close to 110 companies and Chandrasekaran plans to bring this number down to around five or six.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
India Inc is gearing up for a slugfest this year and from tech to paints, new battlegrounds are emerging, observes Indrajit Gupta, co-founder, Founding Fuel.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Vistara'a launch, the steel plant at Kalinganagar and e-commerce venture are the ones most awaited for
As India's online population crosses 450 million, e-commerce ventures are trying to grab a pie of online sales estimated to hit $48 billion by 2020.
His presence matters more than the money he brings.
In the domestic market, the Tata Group has lost ground in the passenger car business.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
After a five-day long visit, Apple CEO Tim Cook left India with a note that he can't wait to return to the country. The visit of Cook coincided with 25 years of the iPhone maker's presence in India. Cook arrived in India on Monday. The visit started with the launch of the first official Apple store in Mumbai on April 18 followed by a second in the national capital on April 20.
The co-founder of Snapdeal was talking a day after he signed an agreement with Tata-run Croma
VCs have been especially bullish about India.
Festive season is the mainstay of most brick and mortar retail chains.
This flagship Starbucks outlet will have place for upto 150 people.
The acquisition comes in the wake of the Australian firm deciding to exit the specialty consumer electronics category and divest the business in Australia and New Zealand as well, apart from India.
This flagship Starbucks outlet will have place for upto 150 people.
As advertising reaches a cacophonous pitch, as it does every year around this time, brands say they are finding newer and more effective ways to reach their audiences.
>Gadgets that make kitchen work easier and faster have gained momentum in the lockdown.
"Online portals are also bleeding heavily and have huge accumulated losses. There is pressure from investors to cut down on discounting."
Demand is expected to grow as most customers await a drop in prices.
Its trajectory in telecom is well known but now it is pushing for a similar leap into the ranks of the top players in its other businesses: media and entertainment, e-commerce, a series of online businesses ranging from health to education, and retail.
The Parsi community runs India's respected corporate houses like the Tata, Wadia and Godrej groups.
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