Tata Group proposes to take majority stake in Alibaba-backed BigBasket: Report

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(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.

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