Tata Unistore’s losses increase

Tata Unistore’s net losses have widened over 18 per cent. The considerable amount of capital infusion and operational expenditure Tata Unistore has undertaken in the past few years has resulted in the losses. However, with Indian consumers accepting e-commerce, it expects robust growth and better financials on a year-on-year basis. With a clear regulatory regime evolving in the e-commerce segment, the company expects a more efficient business environment and improved consumer confidence in the coming financial year.