Tata Sons Board Examines New Challenges Amid Losses

Tata Sons board met in Mumbai to review new-age ventures amid losses. Presentations were made by heads of Air India, Tata Digital, and Tata Electronics. Noel Tata raised concerns about financial struggles, while a decision on chairman N Chandrasekaran's reappointment is expected at the next meeting.

Tata Sons, at a recent board meeting in Mumbai, focused on tackling challenges faced by its new ventures. Senior executives from Air India, Tata Digital, and Tata Electronics provided updates to the board, which includes influential figures like Noel Tata.

The discussions highlighted pressing financial concerns. Unconfirmed reports suggest that Noel Tata expressed reservations about expanding losses, particularly in ventures launched under current chairman N Chandrasekaran. The next board meeting, with the reappointment of Chandrasekaran on the agenda, is scheduled for June 12.