News
Tata buys out Croma Oz supplier
www.business-standard.com
[Business Standard] - Tata Sons invested Rs 220 crore in Infiniti on Wednesday, which will enable the company to buy out Woolworths Wholesale and expand the Croma business, said Ajit Joshi, chief executive officer and managing director of Infiniti Retail. Tata Sons has
Tata Sons arm buys Woolworth's India biz
www.deccanherald.com
[Deccan Herald] - The transaction, which will complete in coming weeks, was announced by Infiniti Retail's Managing Director & CEO Ajit Joshi and Woolworths' India Chairman Ramnik Narsey. Joshi said, “Upon completion of this transaction, the activities and employees of
Infiniti buys Woolworth unit
www.hindustantimes.com
[Hindustan Times] - Post the acquisition, Woolworths Wholesale (India) would be merged to Croma. Tata Sons is expected to invest more in the expansion of Infiniti Retail. "The total size of the acquisition is A$35 million (Rs 193 cr)," Infiniti Retail MD & CEO Ajit Joshi
Indians love an electrifying read
www.thenational.ae
[The National] - "The market for e-books is at a nascent stage in India," says Ajit Joshi, the managing director and chief executive of Infiniti Retail, which runs the Croma stores that became the first official retailer to sell the Kindle in shops. But with Amazon's
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