BUSINESS
Tata Sons will invest Rs 30,000 crore in emerging businesses like Tata Digital, Electronics, Air India, defence, and battery units to scale growth.
Tata Sons, the parent company of the Tata Group, is planning a massive investment of Rs 30,000 crore to support its emerging businesses. According to a report by The Economic Times, the board of Tata Sons approved this investment during a meeting held last week. The funding will be used to grow several new ventures such as Tata Digital, Tata Electronics, Air India, and the group’s defence and battery units.
A source quoted in the report said the equity infusion is part of a broader plan by Tata Sons to support its newer businesses at the execution level. This move is aimed at helping these businesses scale up and reach their next phase of growth.
Tata Sons chairman N Chandrasekaran has earlier spoken about the group’s strong focus on its emerging ventures. Among these, the defence sector has recently received increased attention. The company believes that the early stage or gestation period for these businesses is now over, and they are ready to move towards delivering profits and long-term success.
In addition to this Rs 30,000 crore investment, the Tata Group had previously committed an investment of USD 18 billion in the fields of electronics and semiconductors, which are seen as key future industries.
The group's flagship company, Tata Consultancy Services (TCS), recently announced that it is splitting its AI.Cloud unit into two separate divisions. This change is intended to accelerate growth in the rapidly expanding area of artificial intelligence and cloud services.
Speaking earlier this year at the NIT Trichy Global Alumni Meet, N Chandrasekaran emphasised his commitment to transforming Air India into a world-class airline. He spoke of improving the airline in all aspects, hardware, flight experience, customer service, and technology.
Tata Sons aims to make Tata Digital, Tata Electronics, and Air India part of its top 10 businesses in the near future, showing the group’s strong belief in the potential of these new ventures.
Ram Kapoor breaks silence on 'not getting work' due to his weight: 'My name is not Khan...'
Delhi Metro: DMRC issues fresh advisory for passengers, warns against doing THIS in trains
Axiom-4 crew conducts advance research, global outreach in cancer, food sources...,will help in...
Scientists claim to find the oldest rocks on earth, discovered from...
Watch: Boeing plane hit by strong winds while landing, escapes crash
Delhi to enforce fuel ban on these vehicles from July 1; check details
Losing hair in your 20s? These 5 mistakes might be the reason
Who is T Raja Singh? Controversial Telangana BJP MLA quits party amid state leadership tussle
Canada announces new PR route, immigration norms: Here's how it will affect Indians
Indian Railways notifies fare hike: Ticket prices for AC, non-AC raised by...; check details
Delhi government launches Internship Programme for youth, know ALL about it
Neeraj Chopra wants to learn bowling skills from THIS Indian cricketer, his name is...
BIG move by Anil Ambani as Reliance Infra inks Rs 20000 crore pact with...; to explore...
BIG move by MS Dhoni as he files for trademark of nickname 'Captain Cool'
Kolkata student rape case: South Calcutta Law College suspends all classes; PIL seeks...
Did Shefali Jariwala die because of anti-aging drugs? What are these medicines and how do they work?
Good news for Gautam Adani as this company becomes first Indian firm to cross...
Viral video: Woman faints after winning Princess Diana’s iconic ‘Caring Dress’ at auction, WATCH
New UPI Rules: limits on balance check..., GPay, PhonePe, Paytm users to see major changes from...
Meet Royal princess who flew economy, went viral after video of her…, is not from India but…
'You will eat more when...': Indian mom feeds American vlogger with love, heartfelt video goes viral
Muharram 2025 Holiday in India: Will schools, banks, and markets be closed on July 7? Know here
NIOS Class 10th Result 2025 DECLARED at nios.ac.in: Check steps to download, direct link here
Anil Ambani plans BIG move as Reliance firm participates in global bids for...; plans to set up...
Good news for Lalit Modi as Supreme Court allows him to seek remedy in connection with IPL 2009 case
CUET 2025 UG Result Expected Today: Check steps to download scorecard, direct link here
Amid Sardaar Ji 3 controversy, THIS actor supports Diljit Dosanjh, says 'his mind is not poisoned'
What is special about International Space Station and how much of its life is left?
3rd Stage of Little Pepe's (LILPEPE) Presale Sells Out in a Flash
Shefali Jariwala's demise: Doctor gives major update in 'Kaanta Laga' girl sudden death, suspects...
India responds to defence attache's comments on Operation Sindoor, says, 'his remarks have been...'
This country uses heavy-lift drone to save man trapped in flooded city, WATCH viral video