India's Tata Group mulls $1 billion infusion into super-app venture - Bloomberg News


FILE PHOTO: The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo

BENGALURU (Reuters) - India's Tata Group is considering a $1 billion capital infusion into its super app Tata Neu to improve its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter.

Tata may provide the capital in 2024, the report said, adding talks are ongoing and details of the deal could change.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Britain's M&S sorry after website and app hit by 'technical issue'
Honey, I love you. Didn’t you see my Slack about it?
The architects of ‘Hades’ strive to bewitch gamers again
A pithy YouTube celebrity’s plea: Buy this video game
Coming soon: Control your smartphone with facial expressions
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
DXC Technology tumbles as investors fret over latest restructuring plan
Microsoft to release next 'Call of Duty' game on subscription service, source says
US labor board will suspend case against SpaceX pending company's legal challenge

Others Also Read