Tata Sons board grills BigBasket, Air India on losses; Tata Electronics shines
A five-hour May 26 special board meeting reviewed group businesses for Tata Trusts chairman Noel Tata. BigBasket's quick-commerce pivot and Air India's ₹10,859 crore FY25 loss drew tough questions on path to profitability, while Tata Electronics emerged as the standout performer.
What happened
Tata Sons' May 26 special board meeting reviewed group businesses for Tata Trusts chairman Noel Tata, with BigBasket and Air India drawing scrutiny over losses
Key facts
- 66% Tata Trusts stake
- Air India FY25 loss ₹10,859 crore
- 5-hour meeting
Why this matters
The board's hard scrutiny of underperformers hints at potential restructuring, partnership, or divestiture conversations at BigBasket and Air India, while Tata Electronics' momentum strengthens its hand for bolt-on semiconductor M&A.