Tata Sons board reviews turnaround for BigBasket, 1mg, Croma as Air India loss hits $2.8B
Tata Sons board examined capital allocation across loss-making Tata Digital units BigBasket, 1mg and Croma alongside Air India's $2.8B FY26 loss. Group reaffirmed $100B+ commitment to emerging businesses including Tata Electronics, Agratas and Tejas Networks.
What happened
Tata Sons board reviewed group strategy, capital allocation and turnaround plans for loss-making units including Tata Digital arms BigBasket, 1mg and Croma,
Key facts
- $2.8 billion FY26 Air India loss
- $100 billion emerging business commitment
Why this matters
Tata's portfolio review signals possible rationalization or partner-led restructuring at BigBasket, 1mg and Croma, opening windows for strategic stakes, JVs or asset carve-outs as the group reallocates toward Electronics, Agratas and Tejas.