Tata Sons is planning a major board reshuffle as Ralf Speth and Ajay Piramal approach retirement. Tata Steel CEO TV Narendran may join the board, signalling a leadership transition. Meanwhile, Tata Sons will invest ₹30,000 crore into emerging businesses like Tata Digital, Tata Electronics, Air India, defence, and battery units, reaffirming its focus on future-ready sectors and innovation.