Although, Tata Tech, which provides engineering and product development services, will not offer any of its shares, representing 23.6% of its paid-up share capital, to be sold in the IPO.
The move pits Tata against LVMH's Sephora and Indian rival Nykaa for a share of the fast-growing $16 billion beauty & personal care market in the world's 2nd most populous country.
16 fly-away aircraft are scheduled to land between September 2023 and August 2025 while the first ‘Made in India’ aircraft is expected in September 2026.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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