Tata Sons

Tata Sons Chairman N Chandrasekaran on Saturday said Air India, which is undergoing a transformation, is not just a business opportunity but a "responsibility" for the Tata Group. The aviation sector faces continous challenges, he said and added that the global supply chain issues make availability of parts, infrastructure and new fleet pretty unpredictable. "Every plan that you have is becoming difficult because of the situations that you face in this area," he said. Chandrasekaran also mentioned that the aviation is a very capital intensive business and also the margins are thin. At an event in the city to celebrate the 121st birth anniversary of J R D Tata, Chandrasekaran said, "I firmly believe for the Tata Group, Air India is just not a business opportunity. It's a responsibility". Tatas acquired loss-making Air India along with Air India Express in January 2022, and since then, the group has been working on an ambitious five-year transformation plan. However, the progress ha

Vice-Chairman Vijay Singh says a group of Tata Trusts trustees worked together to push him out of the Tata Sons board, claiming his removal was 'well planned if not plotted' and part of a wider power

Singapore Airlines reported a 67.8% drop in H1 profit, citing Air India's losses and lower interest income as key factors

In a key leadership reshuffle, the Tata Trusts — the controlling shareholder of Tata Sons — has appointed Neville Tata and Bhaskar Bhat as trustees for a term of three years.

At home, though, unlike others, the Tatas are the only industrial group who consolidated all their trusts under a single public trust umbrella

The caveat notice has also been sent to all Tata Trusts trustees, according to a source close to the development

After facing multiple setbacks, the ailing carrier is far from its goal of achieving operational break-even by the end of March next year and has sought ₹10,000 cr from Tata Sons, Singapore Airlines

If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions

The renewal marks his transition to life trusteeship, cementing his position within one of the most influential charitable trusts of the Tata Group

Venu Srinivasan's term up for renewal, Mehli Mistry next in line

Tata Sons, meanwhile, repaid ₹20,642 crore in FY23 to become a net debt-free company before seeking declassification as an NBFC, according to its annual report

Lakshminarayanan says AI and data-driven products will power future growth as firm stays on track to hit $1 billion revenue target by FY28

Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around ~30,700 crore

Tata Capital shares opened at ₹330 on the NSE, reflecting a premium of 1.23 per cent over the issue price of ₹326

Tata Sons will formally consider the Trusts' resolution to extend Chandrasekaran's term in 2027, marking the first time a Tata executive may serve beyond the retirement age of 65

Apart from the SP Group, the Tata Trusts own 66 per cent of Tata Sons and hold substantial voting power over board decisions. While some trustees reportedly favour a listing, others are opposed.

Trustees focus on philanthropic initiatives as government urges both factions to settle differences amid tensions over Tata Sons' board and governance

The outcome of Friday's meeting will be closely watched, as Tata Trusts - which holds a 66 percent stake in Tata Sons - wields significant influence over the conglomerate's governance and strategy

Tata Trusts dispute focuses on trustee seats on Tata Sons board, group's business direction, and handling minority shareholder Shapoorji Pallonji's planned exit

Tata Group trustees, including Noel Tata and N Chandrasekaran, met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid internal disputes over board appointments at Tata Sons