Tata Group in Talks for Majority Stake in Vivo India Unit

18 Jun 2024 CW Team

The Tata Group, one of India's largest conglomerates, is reportedly in advanced discussions to acquire a majority stake in Vivo's operations in India. This strategic move is aimed at strengthening Tata's presence in the highly competitive smartphone market and expanding its footprint in the technology sector.

Vivo, a leading global smartphone brand, has gained significant market share in India with its range of innovative mobile devices. The potential acquisition would allow Tata Group to leverage Vivo's established brand presence and distribution network across the country.

The discussions between Tata Group and Vivo highlight the conglomerate's strategic focus on enhancing its digital and consumer electronics portfolio. By acquiring a majority stake in Vivo's India unit, Tata aims to capitalise on the booming smartphone market in India, which continues to witness robust growth and adoption.

If successful, the deal could significantly bolster Tata Group's capabilities in manufacturing, distribution, and customer service within the smartphone industry. It would also align with Tata's broader vision of becoming a key player in India's digital transformation and technology-driven economy.

The acquisition talks underscore Tata Group's proactive approach towards expanding its business interests and leveraging strategic partnerships to drive growth. As negotiations progress, both parties are expected to assess regulatory approvals and operational synergies to finalise the terms of the deal.

Overall, the potential acquisition of Vivo's majority stake by Tata Group signifies a pivotal move in the Indian smartphone market, potentially reshaping competition dynamics and positioning Tata as a formidable player in the tech industry.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..