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SP Group Chairman Shapoorji Pallonji Mistry on Friday again pressed for listing of Tata Sons, saying it is not merely a regulatory compliance but a necessary evolution in the public interest, reposing faith in the government and RBI to "act decisively" on the matter. In a statement, Mistry said the SP Group has "full faith in the government of India and the Reserve Bank of India to act decisively" on the matter of listing of Tata Sons -- the holding company of the coffee-to-cars-and-software conglomerate. So far, no clear evidence-based case has been presented to explain how a public listing would materially damage the interests of the Tata Trusts or reduce their ability to serve beneficiaries, he added. Mistry's comment comes amid reports that two of the trustees of Tata Trusts, Venu Srinivasan and Vijay Singh, have favoured public listing of Tata Sons. On the other hand, Tata Trust Chairman Noel Tata is against the move. "As I have stated earlier, we would like to reiterate that
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