Tata Group news and archive

Trent’s Q4 net profits touch Rs 11.66 crore

Tata Group’s retail firm Trent reported a standalone net profit of Rs 11.66 crore for Q4 ended March 31, 2018. Revenue from operations stood at Rs 528.72 crore for the quarter under consideration. It was Rs 448.36 crore in the same period a year ago. Trent posted a net profit of Rs 25.26 crore for the corresponding period of the previous fiscal....

Fashion

Westside goes for a revamp and adds more private labels

Tata Group’s, Trent that operates Westside retail chain, one of India’s largest and fastest growing store chain is revamping the business. As Gaurav Mahajan, CEO Westside India, says, “Westside is progressing very positively and we are going through an aggressive exercise of revamping our stores.” Apart from revamping and creating a conducive...

Apparel

Tatas, Reliance compete in eyewear segment

Eyewear is one of the newest segment, which is showcasing high demand and a flurry of players are trying to capture the market. Tata and Reliance Group are two biggies, battling hard to grab a larger pie. Both groups are setting up outlets that sell spectacles, sunglasses, contact lenses, solutions, etc in places such as Coimbatore, Vapi, Vizag,...

Apparel

Trent restructuring its value fashion chain

Trent is restructuring its business by closing loss-making value fashion format stores, Fashion Yatra and revamping its operations in Sisley brand. As a part of its restructuring plan, it has converted the stores of Fashion Yatra into its popular department store, Westside. There are five Fashion Yatra stores located at Kalyan near Mumbai,...

Apparel

Trent witnesses marginal Q3 profits increase

Tata Group firm Trent has registered a marginal increase in its net profit for the third quarter ended December 31, 2011 at Rs 14.10 crores compared to the same period in the lastfiscal. This has happened on account of restructuring of some of its formats. The company had a net profit of Rs 14.01 crores in the same period last fiscal. The...

Apparel

Cyrus Mistry inducted into Tata Board

After being appointed as the Deputy Chairman of Tata Sons, the apex holding company of the $83 billion Tata Group, Cyrus Mistry has been inducted into the Board of Tata Industries, the second biggest holding company for the group. Set up in 1945, privately held Tata Industries mainly promotes the group’s entry into new ventures, like the way it...

Apparel

Cyrus Mistry to succeed Ratan Tata

Noel Tata, the only man with the Tata surname in the over 100-company, $83-billion group is not going to head the top job as expected by many. His brother-in-law, Cyrus Mistry has been chosen as to lead the group after Ratan Tata retires. According to the insiders, Noel was one of those who suggested Cyrus as the man for the top job since he was...

Apparel

Trent’s net profits up 73.28%

Trent has posted a 73.28 per cent increase in its consolidated net profit for the year ended March 31, 2011, at Rs 2.53 crores. In 2009-10, the company’s consolidated net profit stood at Rs 1.46 crores. The net profit for 2010-11, includes Rs 1.05 crores received from sale of investments by a subsidiary of the company. The company’s net sales...

Apparel

Titan goes Purple this season

Bringing the latest international fashion trends to India, Titan has launched its most stylish watch brand, Purple. This new range of more than 50 models in bold fashionable designs is specially suited for the modern woman of style, verve and sophistication who likes to accessorize. These sensational designs are at par with the latest...

Apparel

Luxury brands eye India

The year 2010 will see many top luxury brands from the US and Europe set up shop in India. Zara Basics and US men’s casual and sportswear brand Izod will be the first to enter India with their sales starting mid 2010. Other brands, eyeing India’s fast growing fashion market are -- French label Nina Ricci, Carolina Herrera (US), French shoemaker...