logo
Tata Digital CEO Naveen Tahilyani steps down, likely to join Prudential Plc

Tata Digital CEO Naveen Tahilyani steps down, likely to join Prudential Plc

Time of India23-05-2025

Tahilyani's role was gradually narrowed as plans emerged to carve out BigBasket and 1mg for separate fundraises and eventual IPOs
Naveen Tahilyani
, the CEO and MD of
Tata Digital
has stepped own just after a year of being appointed by
Tata Sons
chairman N Chandrasekaran to lead the company's
digital commerce
ambitions. Tahilyani's departure marks the exit of another top level executive. As reported by Economic Times, Hardeep Guru, the chief financial officer of Tata Digital is being considered as the frontrunner for the position. Guru is said to be a close aide of Saurabh Agarwal, Group CEO, Tata Sons. While Tahilyani's exit from Tata Digital was abrupt, reports suggest that he is transiting to
Prudential Plc
, with Tata Digital undergoing strategic changes.
Tata Digital CEO Naveen Tahilyani steps down
Tahilyani's exit comes as Tata Sons seeks leadership stability to drive execution and growth across its consumer-facing digital businesses. The Economic Times report indicate that Hardeep Guru, the current CFO of Tata Digital is being considered for the role of CEO.
The report also mentions that Tata Sons chairman N Chandrasekaran informed the staff in a town hall meeting about the exit of Tahilyani. Chandrasekaran also informed the CEO's of Taga Digital portfolio companies about the change in the leadership.
Tahilyani was tasked with reviving
Tata Neu
, the group's super app launched in April 2022. Despite a 109% increase in gross merchandise value (GMV) and a user base of 140 million, Neu has struggled with cross-platform traction, contributing to less than 10% of BigBasket and 1mg's gross sales.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
เริ่มแล้ว! ตลาด USDJPY อยู่ในช่วงขาขึ้นกว่าเดิม
IC Markets
สมัคร
Undo
His tenure saw backend integration paused to preserve individual brand identities, while Tata Digital explored new revenue streams, including quick commerce under the Flash brand.
Tahilyani's departure coincides with Tata Group's plans to raise $1.3 billion for BigBasket and 1mg, signaling a shift toward independent fundraising and IPOs for these businesses.
Meanwhile, Tata Digital has renewed its IPL title sponsorship for five years, aiming to strengthen Neu's brand presence and support new initiatives like Flash.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Online prices in 12 cities to be monitored for new CPI series
Online prices in 12 cities to be monitored for new CPI series

Economic Times

time12 hours ago

  • Economic Times

Online prices in 12 cities to be monitored for new CPI series

The government plans to monitor e-commerce price trends in 12 major cities to improve the accuracy of the new Consumer Price Index (CPI) series, set to release in 2026. This initiative involves tracking prices from leading online sellers and expanding market coverage to 2,900 markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as part of efforts to accurately capture changing consumption patterns in the new Consumer Price Index (CPI) series, which is scheduled for release in 2026, said people aware of the each of these cities, prices of a particular item charged by the leading seller in that city will be noted. For instance, rice prices in Lucknow could be tracked via BigBasket, while in Bengaluru it might be Amazon, said an official, who did not wish to be updated CPI series will expand coverage to 2,900 markets, up from the current 1,181 rural and 1,114 urban markets, the people told base year for the price series will shift to 2024 from 2012, while the weights of items in the index will be derived from the Household Consumption Expenditure Survey (HCES) new series will avoid redistribution of weights. "There will be no redistribution of weights in the new series," the official incorporate changing consumption patterns in the CPI, weights are often redistributed. However, this can lead to overestimation as reallocating weight to another commodity may inaccurately represent its actual share in the consumption basket."It could be that the composition and weights must be fairly representative and in accordance with HCES 2011-12, which is why they have decided on exclusion of redistribution of weights," said Madan Sabnavis, chief economist at Bank of Baroda Gaura Sengupta, chief economist at IDFC First Bank , said this is done to avoid volatility in the statistics and programme implementation ministry aims to enhance market coverage across sectors. The new series will also track prices of online streaming services (OTT platforms), as well as rail and air ministry had written to e-commerce and quick commerce companies such as Amazon, BigBasket, Zepto, Flipkart and Zomato nearly two years ago, seeking access to pricing data. However, none of them agreed to share the information owing to concerns around privacy and business strategy ministry is exploring the use of scanner data, which has been incorporated by many European countries. Efforts are underway to directly procure scanner data from retail organisations, the official scraping is also being explored, it poses some challenges, according to the ministry is also consulting international organisations, including the World Bank and the International Monetary Fund, ET had reported earlier.

Online prices in 12 cities to be monitored for new CPI series
Online prices in 12 cities to be monitored for new CPI series

Time of India

time12 hours ago

  • Time of India

Online prices in 12 cities to be monitored for new CPI series

The government plans to monitor e-commerce price trends in 12 major cities to improve the accuracy of the new Consumer Price Index (CPI) series, set to release in 2026. This initiative involves tracking prices from leading online sellers and expanding market coverage to 2,900 markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as part of efforts to accurately capture changing consumption patterns in the new Consumer Price Index (CPI) series, which is scheduled for release in 2026, said people aware of the each of these cities, prices of a particular item charged by the leading seller in that city will be noted. For instance, rice prices in Lucknow could be tracked via BigBasket, while in Bengaluru it might be Amazon, said an official, who did not wish to be updated CPI series will expand coverage to 2,900 markets, up from the current 1,181 rural and 1,114 urban markets, the people told base year for the price series will shift to 2024 from 2012, while the weights of items in the index will be derived from the Household Consumption Expenditure Survey (HCES) new series will avoid redistribution of weights. "There will be no redistribution of weights in the new series," the official incorporate changing consumption patterns in the CPI, weights are often redistributed. However, this can lead to overestimation as reallocating weight to another commodity may inaccurately represent its actual share in the consumption basket."It could be that the composition and weights must be fairly representative and in accordance with HCES 2011-12, which is why they have decided on exclusion of redistribution of weights," said Madan Sabnavis, chief economist at Bank of Baroda Gaura Sengupta, chief economist at IDFC First Bank , said this is done to avoid volatility in the statistics and programme implementation ministry aims to enhance market coverage across sectors. The new series will also track prices of online streaming services (OTT platforms), as well as rail and air ministry had written to e-commerce and quick commerce companies such as Amazon, BigBasket, Zepto, Flipkart and Zomato nearly two years ago, seeking access to pricing data. However, none of them agreed to share the information owing to concerns around privacy and business strategy ministry is exploring the use of scanner data, which has been incorporated by many European countries. Efforts are underway to directly procure scanner data from retail organisations, the official scraping is also being explored, it poses some challenges, according to the ministry is also consulting international organisations, including the World Bank and the International Monetary Fund, ET had reported earlier.

Govt eases certain SEZ rules for semiconductors, electronic components manufacturing
Govt eases certain SEZ rules for semiconductors, electronic components manufacturing

Time of India

time4 days ago

  • Time of India

Govt eases certain SEZ rules for semiconductors, electronic components manufacturing

The government has eased contiguous land area norms for special economic zones (SEZs) which want to engage exclusively in the manufacturing of semiconductors or electronic components, according to a notification, "Where a Special Economic Zone is exclusively set up for the manufacturing of semiconductors or electronic components, the contiguous land area shall be ten hectares or more," the commerce ministry 's notification has said. Earlier, this was 50 hectares. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like USDJPY đang đi lên không? IC Markets Đăng ký Undo It added that for the purposes of this provision, the electronic components would include display module sub-assembly, camera module sub-assembly, battery sub-assembly, various types of other module sub-assemblies, printed circuit board, Li-ion cells for batteries, mobile and information technology hardware components, hearables and wearables. The notification also said that the Board of Approval (highest decision-making body for SEZs) can relax the condition of encumbrance-free area, in cases where the area is mortgaged or leased to the central or state government, or their authorised agency.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store