Tata Sons board: Chandra hands mic to CEOs as BigBasket, Air India losses face scrutiny
At a rare Tata Sons board session, group CEOs presented directly to Noel Tata. BigBasket and Air India drew course-correction calls; Tata Electronics won praise. Chairman Chandrasekaran's third-term renewal and a potential Tata Sons listing remain unresolved, with Tata Trusts holding its 66% stake.
What happened
Tata Sons board meeting saw CEOs present to Noel Tata, with significant focus on BigBasket and Air India losses requiring course correction, while Tata
Key facts
- 66% Tata Trusts stake in Tata Sons
Why this matters
With BigBasket under scrutiny and Tata Electronics ascendant, expect portfolio reshuffling at the conglomerate—watch for divestiture signals in quick commerce and bolt-ons in semiconductors.