Home Business Business Tata Group plots ambitious e-commerce push to take on Amazon, Reliance

Business Tata Group plots ambitious e-commerce push to take on Amazon, Reliance

Business NEW DELHI: Tata Group, the sprawling $111 billion jewelry-to-salt empire, is getting a huge digital makeover. The conglomerate is building an all-in-one e-commerce app for its swathe of consumer products and services, a person familiar with the matter said. The prototypes, which consolidate all of the group’s consumer-facing businesses and existing online assets, are ready and a launch is expected by end-2020 or early next year, the person said, asking not to be identified discussing confidential matter. The Mumbai-based group is stepping up efforts to have a significant presence online in a market where internet users are forecast by Cisco Systems Inc to reach 900 million by 2023. Almost all of them use smartphones to watch streamed content, shop and pay for purchases. Tata is also seeking to catch up with rivals such as Amazon.com Inc, Walmart Inc’s Flipkart and new entrant, billionaire Mukesh Ambani’s Reliance Industries Ltd, who have unveiled grand plans for India. Reliance just finished raising more than $20 billion from investors, including Facebook Inc. and Google, for its digital services platform, while Amazon founder Jeff Bezos has bet $6.5 billion on growth in the world’s second-most populous country. Tata Digital chief executive officer Pratik Pal is in charge of building the app, the person said. Pal has three decades experience at Tata Consultancy Services Ltd, where he was global head of retail, and helped with the digital transformation of some of the world’s largest retail chains including Walmart, Tesco Plc, Aldi Inc, Target Corp, Best Buy Co and Marks & Spencer Group Plc. A representative for Tata Group declined to comment. The all-in-one app wants to capitalize on the scope and scale of the Tata Group, which also makes cars, air conditioners, smart watches and tea. It operates luxury hotels, airlines, utilities, an insurance business, departmental stores and a supermarket chain. In addition, it owns brands like Tetley and Jaguar Land Rover and runs Starbucks in India. Natarajan Chandrasekaran, chairman of holding company Tata Sons Pvt and a long time CEO of TCS, is now championing the digitization drive. In Video:Tata Group plots ambitious e-commerce push to take on Amazon, Reliance
Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

How can I tell the difference between the flu and COVID-19?

Last Updated : Oct 01, 2020 01:54 PM IST | Source: AP Body aches, sore throat, fever, cough, shortness of breath, fatigue and headaches are symptoms shared by the two. How can I tell the difference between the flu and COVID-19?It’s impossible to tell without a test. Influenza and COVID-19 have such similar symptoms, you…

Cardiac arrest common in sick Covid-19 patients

Photo for representational purpose only. iStock New York, October 1 Cardiac arrest is common in critically ill patients with Covid-19 and is associated with poor survival, particularly among patients aged 80 or older, say researchers. The findings, published in the journal The BMJ, could help guide end-of-life care discussions with critically ill patients with Covid-19…

Beware: Vitamin D deficiency can make you obese and lead to stunted growth

Vitamin D, or the ‘Sunshine Vitamin as it is also known as, is one of the essential nutrients that makes your bones and teeth stronger, wards off infections and diseases and keeps you cheerful. This fat-soluble vitamin can also bring down your risk of cancer, autoimmune diseases, heart disease and diabetes. But unfortunately, as many…

COVID-19 cases decline, deaths increase in Chandigarh as September ends

Naina MishraTribune News ServiceChandigarh, October 1 As September comes to an end, the Union Territory has started to witness a decline in the number of positive COVID-19 cases, and daily tests.  However, COVID deaths have increased with every passing week.  September has recorded 100 COVID-19 deaths whereas August reported only 39 deaths.  At least three…

Recent Comments