Tata Sons invests ₹30,000 crore to boost ventures

Tata Sons will invest ₹30,000 crore in its emerging ventures, including Tata Digital and Air India, to fuel their expansion. This investment follows a previous commitment of $120 billion. The funding, approved by the board, will be used for equity infusion in businesses like Tata Electronics and defense and battery units. The company also plans to announce a new CEO for Tata Digital soon, as it aims for these ventures to achieve profitability by 2027. This investment is part of a strategic effort to maintain the group's competitive edge amid evolving technologies. The group's revenue growth slowed in the last fiscal year, but the company aims to have its new businesses rank among the top five.