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Tata's trust for 3rd time: Why Chandrasekaran is a hot favourite
Tata Trusts has likely approved a third term for N Chandrasekaran as Tata Sons chairman, a departure from retirement policy. This move signals confidence in his leadership amid ambitious projects like semiconductors and Air India's revival. Chandrasekaran's tenure has seen significant revenue and profit growth, positioning the conglomerate for future challenges and opportunities.
N Chandrasekaran gets historic extension as Tata bets big on semiconductors, EVs, and Air India
In a significant departure from its retirement policy, Tata Trusts has approved a third executive term for N Chandrasekaran, chairman of Tata Sons. This decision aims to ensure continuity for critical projects like semiconductors, electric vehicle batteries, and Air India's transformation.
Delhi set for largest retail space addition
Delhi is set to experience a significant retail boom. Four new malls will become operational soon, adding over one million square feet of space. This marks the highest supply in more than a decade for the city. Brands are eager to lease space in these new Delhi developments. More large retail projects are also planned for the coming years.
Auto, electronic appliance makers gung-ho over festive season bonanza as GST rate cuts bring consumers to showrooms
The implementation of GST 2.0 has ignited a wave of optimism among car manufacturers, consumer durables, and electronic appliance retailers, with many experiencing impressive sales figures on the first day of Navratri. Reduced GST rates and festive offers have spurred consumer interest, leading to increased inquiries, showroom visits, and deliveries across various segments.
iPhone 17 series sales start in India: Check prices, offers on Redington, Croma, Reliance Digital, bank deals and more here
The iPhone 17 series and iPhone Air are now available in India. The lineup includes iPhone 17, Pro, Pro Max, and the Air. All models boast upgraded cameras and increased storage. The iPhone 17 runs on the A19 chip. The Pro and Air models use the A19 Pro. Launch offers are available through Ingram Micro, Croma, Reliance Digital, and Redington.
Croma gets Rs 1,000 crore recharge from Tatas, scope for more
Tata Group has injected ₹1,000 crore into Croma, its consumer electronics retail chain, following a ₹2,000 crore increase in authorized share capital. Despite losses swelling to ₹1,091 crore in FY25, Croma focuses on sustainable margins through cost control and strategic partnerships with Tata Digital. The company aims for profitability by streamlining operations and leveraging technology capabilities.
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The ET Startup Awards 2025: elite jury to pick winners on August 28
Happy Tuesday! The ETtech team has been neck-deep preparing for the past few months to bring you the 11th edition of The Economic Times Startup Awards (ETSA). Today, we are unveiling the elite jury and nominees for two more categories — Woman Ahead and Social Enterprise.
Dream11 won’t fight RMG ban; Tata Digital’s next CEO
CEO Harsh Jain said Dream11 will not challenge the ban on real money gaming that wiped 95% of its revenue. This and more in today’s ETtech Top 5.
Croma appoints Shibashish Roy as new CEO & MD
Croma appoints Shibashish Roy as new CEO & Managing Director, effective April 1, following a transition period with outgoing MD Avijit Mitra. Roy, who has over 20 years of experience with Tata Group, is expected to enhance market presence and customer service. Priorities for FY26 include increasing market share and profitability.
A year on, Apple’s India stores emerge among its best globally
Apple's two company-owned stores in India have achieved significant revenue, each generating between Rs 190-210 crore last fiscal year. The stores, located in Mumbai and New Delhi, have consistently achieved monthly sales of Rs 16-17 crore each since their launch. Apple is now aggressively looking for space to open three more company-owned stores in Pune, Bengaluru, and Noida. The stores have become popular destinations for customers to experience Apple products and receive expert advice, contributing to the company's growth in India's smartphone market.
Tata Digital standalone FY23 revenue grows 13 times to Rs 204 crore, loss up 23%
Tata Digital is the ecommerce arm of the Mumbai-based salt-to-aviation major which houses digital assets such as egrocery firm BigBasket and online pharmacy 1mg, besides its own digital offerings like Tata Cliq, Croma and others.
Tata-owned Infiniti Retail's sales nearly double to Rs 16,015 crore in FY23
The company in the filings did not give any reasons behind the financial performance. Industry executives said this jump in revenue – highest growth rate in at least the last five years – is driven by Croma becoming the exclusive online seller for all electronic products in the group’s e-commerce platform Tata Neu and rapid offline store expansion.
Crayons Advertising files DRHP with NSE Emerge for IPO
Recently, the company announced that it won marquee mandates, including Tata Sons, National Skill Development Corporation, Indian Oil, TATA Croma, and Bank of Baroda. The mandate of the National Skill Development Corporation is to transform the brand notion and strengthen the connection with youth.
Tata's Infiniti Retail set to double authorized share capital to Rs 4,000 crore in expansion bid
The Tata’s are using Croma as the main seller for electronics and smartphones in its online platforms including the superapp Tata Neu. In fact, industry executives said Croma has been consistently burning cash to offer discounts which at present is one of the steepest in the industry.
Premium smartphone segment may face brunt of Delhi lockdown
Apple resellers have close to 20 exclusive Apple outlets in Delhi malls, whereas nearly half of the operations of multi-brand retailers like Croma and Reliance Digital flow through malls. Delhi is the top city for smartphone sales in India with 10% share of overall country's sales, followed by Mumbai's 9%, say industry experts. It also has the largest share of customers buying premium devices.
Smartphone, laptop buying pick pace in Maharashtra amid concerns over retail lockdown
ET had reported that lengthy lockdowns can potentially wipe out the 9-month recovery in offline sales channel for smartphones which has just bounced back from record low market share of 49% in December quarter to 60% in January-February months.
Reliance, Tatas control 20% of smartphone, electronics retailing; together notch up Rs 50,000 cr sales in FY20
While Reliance Retail grew its consumer electronics retailing business sales by 14% to Rs 44,625 crore in FY20 as per an investor presentation, Tata-owned Infiniti Retail Ltd which owns and runs the Croma chain reported sales of Rs 5173 crore which went up by 11% as reported in Registrar of Companies filings.
Huawei is losing the retailers’ push after Google break
Several retailers said other smartphone makers have approached them underlining why Huawei’s handsets should not be pushed.
Huawei plans 1,000 exclusive stores by 2020
The company, which has shipped close to 100 million units in the first half of the year, Tuesday also unveiled its premium smartphone 'Mate 20 Pro' in India for Rs 69,990.
OnePlus to target growth from offline stores in India; to set up R&D centre
OnePlus India general manager Vikas Agarwal said with such high share in online premium smartphone market, further growth will depend on expansion of online penetration.
OnePlus to expand offline footprint, to sell devices via Croma
The brand has decided to expand offline presence since the pilot with the Bengaluru experience store showed that growth rate was faster in the city since consumers can touch-and-feel the product.
Croma to open 50 more stores in five years
The company will focus on its existing markets to open stores ans would consider to foray into tier II & III places once the GST is rolled out, a top company official said.
Consumer electronics companies like LG, Haier and Voltas resume lateral hiring
Consumer electronics makers elevate talent internally for vacant posts, but industry executives said lateral hiring will pick up.
In-house brands like Croma and Hyundai a hit at durable retailers
Retailers in the country such as Croma, Next, Reliance Retail’s Reliance Digital and Future Group’s eZone seem to have finally cracked the private brand biz.
Croma opens 101st store; wants to expand to 25 cities
Consumer durables and electronics chain Croma today opened its 101st store and said it plans to add 10-14 outlets every year.
Infiniti Retail to launch Croma 3G tablets in 2 weeks
Tata group firm Infiniti Retail is planning to expand its range of private label items by introducing 3G-enabled tablet.
Tata group's Croma in cost-cutting mode to bolster bottomline
Infinity Retail, a 100 per cent subsidiary of Tata Sons, owns the Croma brand.
Expanding horizons
Croma, the consumer durable retail arm of Infinity Retail Ltd, is now setting up stores in the North.
LG, Samsung tying up with retail biggies like eZone
Consumer durables biggies including LG, Samsung, Whirlpool are tying up with retail chains such as Croma, Reliance Digital, Next. Social networking at shop floor
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