(The Times of India)
Tata Sons plans to buy a majority stake in Alibaba-backed online grocery seller BigBasket, a filing with the country’s antitrust body showed on Friday.
The deal, if approved, would put Tata – a more than 150-year-old group with interested in everything from luxury cars to software – in direct competition with Amazon, Walmart’s Flipkart and am upstart grocery service from Reliance Industries, backed by billionaire Mukesh Ambani.
