Tata Group investors got a jolt on Wednesday. N. Chandrasekaran’s decision to not seek another term as Tata Sons chairman triggered a sharpslideacross shares of Tata Group companies. Chandrasekaran attributed his resignation to lack of unanimity among the board members of Tata Sons on the extension of his tenure. The development signals aninflection pointfor the Tata Group, which is pivoting to newer areas of investment to stay ahead of competition. Chandra brought unusual stability to Bombay House and pushed the group into new bets spanning semiconductors, electronics and digital businesses. While his departure creates uncertainty, it could also give the group an opportunity to reset after a period of widening boardroom differences. Meanwhile, in the world of startups, Yulu has raised $93 million inSeries Cfunding—the company’s largest funding round till date. The EV mobility service startup plans to use the capital to quadruple its fleet to 2 lakh EVs and expand service hubs. In other news, Ola Electric has secured a revised 5-yearPLI windowto get up to Rs 7,240 crore in cumulative incentives. The company is building a multi-chemistry cell platform spanning NMC (nickel manganese cobalt) and LFP (lithium iron phosphate) technologies. Also watch out for its energy product roadmap to be announced on Independence Day. Here’s a personal question worth asking: is AI making us lonely? InThe Most Interesting Thing in Tech,Nicholas Thompson, CEO ofThe Atlantic, explores how our growing relationship with AI could reshape human connection. In today’s newsletter, we will talk about Here’s your trivia for today: What was Google’s modular smartphone project that aimed to let users swap out phone components, but was cancelled in 2016? N Chandrasekaran’s decision to step down and not seek another term at Tata Sons brings one of the most consequential leadership tenures in recent Indian corporate history closer to an end. After taking charge in the aftermath of the bruising Cyrus Mistry episode, Chandra became an island of stability for the group. Under him, Tata doubled down on electronics, semiconductors, batteries and digital businesses while continuing to lean on TCS as its biggest profit engine. But his final years have also been marked by mounting challenges: from the turnaround at Air India to widening differences within Tata’s governance structure. That makes the succession question about more than simply finding another chairman. The next leader will inherit a sprawling set of new bets and the task of restoring consensus at the top. Milky Mist Dairy Foods’ Rs 1,553-crore IPO was fully subscribed on Wednesday, the second day of the three-day bidding, with strong demand from non-institutional and retail investors. The IPO will close for subscription on Thursday, August 13. It comprises a fresh issue of Rs 1,428 crore and an offer for sale of Rs 125 crore by existing shareholders. What does Milky Mist’s IPO tell us about the company and its journey to th
