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₹4,700 crore loss, Tata stops funding digital businesses
short by / on Thursday, 27 June, 2024
Tata Sons halted fresh investments in its ecommerce and omni-channel businesses in FY24 to focus on strategic restructuring and operational efficiencies. The digital businesses, including Tata Neu, Croma, and Tata Cliq, incurred combined losses exceeding ₹4,700 crore in FY23. New fund infusions will resume once these organizational changes are in place.
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