Business & Finance

Reuters exclusively reports Tata Group’s expansion into e-commerce

India’s Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans. Reuters reported exclusively how the $106 billion conglomerate, which is still an e-commerce minnow, was far more vociferous than market leader Amazon.com Inc at a July 3 meeting with government officials about proposals, such as the prohibition of sales of own-brand or affiliates’ goods on online marketplaces. The 153-year-old Tata conglomerate is ubiquitous on Indian high streets, so its voice in favor of e-commerce at the July 3 meeting indicates the degree to which it is changing tack. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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