WebinarsNew
Explore Business Standard
India continues to be a "bright spot" in the global economy despite geopolitical uncertainties, and offers "strong growth" as well as a very large market, even as consumer preferences and spending patterns are undergoing constant change, Tata Consumer Products Chairman N Chandrasekaran said on Wednesday. Addressing shareholders of the Tata Group's FMCG arm Tata Consumer Products Ltd (TCPL) at its 63rd Annual General Meeting, Chandrasekaran said the world today is being reshaped by geopolitical shifts, supply chain disruptions and realignments, energy transition and rapid advancements in Artificial Intelligence. This year started on an optimistic note with key developments such as the landmark trade agreement with the European Union and finalisation of the framework for an interim bilateral trade pact between India and the United States. However, concerns over economic slowdown, weakening output and inflationary pressures resurfaced after the outbreak of the West Asia conflict late .
Tata Trusts, the string of non-profits that own two-thirds of the salt-to-software conglomerate, on Friday denied any wrongdoing in a 1989 share transfer. In a statement, TT refuted allegations made by a private person regarding the share transfer made by the Navajbai Ratan Tata Trust (NRTT) to the late Naval H Tata in the year 1989 as "baseless, unsubstantiated and malafide". The statement came after reports of one Suresh Patilkhede approaching the Charity Commissioner's office with a request to initiate an inquiry pertaining to the transfer of 833 shares between the two parties. As per reports, Patilkhede's move comes days ahead of a crucial board meeting of Tata Trusts on June 8. "It is affirmed that the transaction was lawful, undertaken for consideration and fully compliant with the rules in force at that point in time," the TT statement said. The share transfer was cleared at the appropriate levels, including by eminent lawyer Nani A Palkhivala, and approved by the then boar
Tata Group-owned online grocery platform bigbasket on Thursday announced the elevation of Seshu Kumar Tirumala as its Chief Operating Officer (COO). In his new role, Seshu will lead Operations and play a key role in driving execution as bigbasket continues to strengthen its quick commerce business and scale for the future, the company stated. He has been associated with bigbasket since 2014, beginning as National Head - Buying & Merchandising and later rising to Chief Buying and Merchandising Officer. "Seshu has played an important role in building many of the capabilities that have shaped bigbasket's growth over the years, from our private label business to our farmer sourcing network. His deep understanding of the business and strong track record of execution make him well suited for this role," Hari Menon, Founder & CEO, bigbasket, said. Seshu said: "My focus will be on strengthening the systems that power our farm-to-customer journey, enhancing execution across our ...