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Reliance's app, stores may soon sport Shein
Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores. Former Meta director Manish Chopra may lead Shein's operations in India. Shein aims to reduce dependence on China and leverage India's supply chain. The platform and data will be hosted and controlled by Reliance Retail.
Adani joins Tata and Ambani in race for elusive India superapp
Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
Ratan Tata launches Tata Trusts Small Animal Hospital in Mumbai: Here’s how you can book an appointment
The much-anticipated day has finally come! Ratan Tata has officially inaugurated his long-cherished 'pet project,' the Tata Trusts Small Animal Hospital. Located in Mumbai's Mahalaxmi area, the hospital is dedicated to caring for both stray and domesticated dogs, cats, and birds.
New RuPay UPI credit card rules: NeuCoins you will earn from UPI transactions on Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024
Here is a look at changes that will come into effect for the Tata Neu Infinity HDFC Bank Credit Card from August 1, 2024, as per FAQs posted on the bank’s website.
Hunt on for mule bank accounts; Tata Digital pause on funding
The government is working with the central bank to catch mule accounts in India’s banking system and prevent fraud. This and more in today’s ETtech Morning Dispatch.
Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up
"There is a strategic reason for not making any equity infusion even as organisational changes are being made," said one of the persons. "However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place." Registrar of Companies (RoC) filings obtained through business intelligence platform Tofler show group holding company Tata Sons didn't invest in Tata Digital in FY24.
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ONDC is bulking up financial services play with consumer-facing apps
Tata Group's super app Tata Neu and credit marketplace Paisabazaar are conducting pilot studies for credit disbursals through the ONDC network, with lenders like DMI Finance and Aditya Birla Finance already integrated.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
Air India introduces new feature, passengers can now lock fares for two days with extra charges
Air India, now under the Tata Group's ownership, has unveiled a new offering called 'Fare Lock' to enhance passenger convenience and flexibility in travel planning. This feature allows customers to reserve a chosen fare for a period of 48 hours, enabling them to solidify their travel plans while retaining the selected fare. With a nominal fee, travelers can now secure their desired fare for two days, streamlining the booking process and providing peace of mind.
IT CEOs' salary in FY24; Wipro offers 85% variable pay
Happy Wednesday! Top bosses at some of the country’s leading IT firms took home enhanced salary packages last fiscal. More on this on today’s ETtech Morning Dispatch.
Adani One superapp clocked gross sales of Rs 750 crore in FY24
According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
Tata Mutual Fund warns investors of fake social media accounts
Tata Mutual Fund has issued a public caution notice to alert its investors, distributors, brokers, investment advisors, partners, and the public about fraudulent activities on social media platforms. The notice highlights the presence of fake websites, mobile applications, and WhatsApp groups impersonating the company or its officials.
Transition to new crew scheduling app hits Air India Express flights
Air India Express faced a 15-hour delay when a pilot discovered he was trained on a different aircraft than the one assigned for his flight from Riyadh to Kochi. This incident adds to the challenges the airline is facing, including disruptions due to cabin crew sick leave and issues with a new scheduling software. About 50 out of 300 daily flights have been affected, prompting manual rostering efforts and assistance from Tata Group carriers.
Disney said to sell 30% stake in Tata Play to Tata Group, valuing co at $1 billion
The deal came as the India’s media landscape is going through a major shakeup. Disney signed a binding agreement in late February to combine its India Unit with viacom 18 media pvt, creating an $8.5 billion entertainment giant that will have 750 million viewers and dominate the sector in the world’s populous country.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
Tata Digital’s new team; Pine Labs’ India redux
Tata Digital chief executive Naveen Tahilyani has restructured the leadership team for the Neu super app. This scoop and more in today’s ETtech Top 5.
Exclusive: Tata Digital CEO Naveen Tahilyani sets up new team
Tata Digital CEO Naveen Tahilyani is rejigging the executive team for the conglomerate's super app, Tata Neu. This comes as several senior members of the team exited. Most of the positions at Tata Digital have been replaced with existing team members. The focus will now be on the loyalty programme, called NeuPass.
Air India partners with MedAire for in- flight medical assistance
Air India has partnered with MedAire to offer emergency healthcare services to passengers and crew, becoming the first airline in India to integrate MedAire's medical assistance across its fleet. This collaboration aims to enhance in-flight medical support, reduce diversions, and ensure passengers' well-being by providing round-the-clock access to emergency physicians and guidance through MedAire's in-flight app, MedLink.
Tata Play will now give Amazon Prime benefits & liberty to choose your own OTT bundles
Tata Play has partnered with Amazon Prime to provide Tata Play DTH and Tata Play Binge customers with various options to access Prime's content and perks, including same-day delivery. Tata Play CEO Harit Nagpal stated the goal is to enhance user convenience and introduce a new bundled apps category. The collaboration offers different subscription packs, starting from Rs 199 per month, with access to Prime Lite on Tata Play. Binge subscribers can choose from multiple popular apps at different price points. Customers can subscribe to six or all 33 OTT apps, including Prime Video. The partnership aims to offer comprehensive value, combining video, shipping, and shopping benefits.
Old guard is out as Tata Digital’s new CEO revamps deck
Tata Digital undergoes significant senior management changes under CEO Naveen Tahilyani, impacting the team behind Tata Neu superapp. Several executives from the original team that launched supperapp have now left.
Air India to soon have new crew management system
Air India is set to introduce a new crew management system called the CAE Crew Management System in the next two weeks. The system will improve adherence to rostering rules, track training and qualifications, and enable faster recovery from scheduled disruptions. The system will also provide real-time information, self-service tools, auto alerts, and secure in-flight chats.
Google vs startups row reaches MeitY; MoS IT clarifies on AI missive
The Android maker restored the apps after the apps complied with its billing policy, said people aware of the matter. The move came ahead of the US firm’s meeting with electronics and IT minister Ashwini Vaishnaw and startups on the issue.
Tata, Uber aim for strategic alliance to drive digital business
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
Tata Tele unifies toll-free calling and WhatsApp Business under one number
Tata Teleservices, an enterprise communications provider, has integrated toll-free voice calling and WhatsApp customer support chat into a single number, a strategic step anticipated to reduce expenses for businesses.
Why Tata wants Uber to speed up its super app Tata Neu
Tata Group's digital arm, Tata Digital, is in talks with Uber for a strategic partnership to address challenges in user growth and customer engagement. The collaboration aims to leverage Tata's super app, Tata Neu, and Uber's expertise to increase traffic and revenue in the e-commerce market.
Tata hails Uber to drive Neu traffic
Uber Technologies CEO Dara Khosrowshahi met Tata Sons chairman N Chandrasekaran in Davos earlier this year and they're expected to talk again in Mumbai during the former's upcoming India trip to discuss the broad contours of a potential alliance, executives aware of the matter said. The exact terms of engagement are still being worked out and there's no guarantee it will lead to anything concrete.
After Ratan Tata, now Narayana Murthy calls out deepfake videos that show him endorsing trading apps
The Infosys founder tweeted about multiple applications that are showing him as endorsing or having invested in trading apps.
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