business
Tata Electronics triples equity investment as iPhone, chip plans expand
Tata Electronics significantly increased capital investments and debt financing for Apple iPhone manufacturing and semiconductor initiatives. The company provided ₹61,280 crore in guarantees and ₹1,017 crore in loans to subsidiaries. Equity investments surged to ₹3,727 crore largely due to semiconductor business expansion. Despite a revenue increase, net losses widened significantly to ₹1,611 crore for the fiscal year.
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