Natarajan Chandrasekaran's resignation creates uncertainty over Tata's five-year investment push as Noel Tata weighs a more cautious approach to capital spending
After shedding almost up to 5 per cent a day earlier, most Tata group stocks gained. Titan and Tata Investment Corporation remained the top laggards.
Tata Sons must constitute a selection committee to choose its next chairman amid governance disputes at Tata Trusts and unresolved questions over listing and the SP Group
Four stocks, namely Trent, Nelco, Tata Investment Corporation and Titan Company, have seen a whopping 1,707 per cent to 1,018 per cent rise in almost 9.5 years.
Tata Trusts is set to meet on August 13 ahead of Tata Sons' August 18 AGM, with quorum concerns and N Chandrasekaran's reappointment among key issues
Almost a week after stepping down as chairman of Trent, Noel Tata announced on Tuesday that he would also relinquish the chairmanship of another Tata group firm, Voltas. Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting (AGM), Noel Tata, 69, said this would be his last AGM as Chairman of Voltas. "As you might be aware, this will be my last annual general meeting as Chairman," Noel Tata said in his address to shareholders. He said the company has developed its next generation of leaders through a combination of internal promotions and lateral hiring and expressed confidence in the management's ability to drive future growth. "The company has developed our next generation of leaders, from both in-house promotions and lateral hires. I am confident that with the close cooperation of seasoned practitioners and new talent, your company will continue to take big strides in all business segments," he said. Thanking shareholders, employees an
Noel Tata to step down as Trent chairman in November after decades of leadership that shaped Westside and expanded the Tata retail business
The development would mark the end of a tenure that oversaw the transformation of the company from a single-store operation into one of India's largest retail networks
Tata Trusts Vice Chairman has urged Maharashtra's charity commissioner to order an inquiry into the transfer of Tata Sons shares from the Navajbai Ratan Tata Trust to late industrialist Naval Tata
Noel Tata says Trent remains in the early stages of growth and is on track to achieve its goal of becoming 10 times larger in revenue
Tata Group retail firm Trent remains in the early phase of its growth journey despite rapid expansion in recent years, said its Chairman Noel N Tata, exuding confidence that the company would achieve its ambitious target of becoming ten times bigger in revenue terms in the "not-so-distant future". Trent owns lifestyle and fashion department store chain Westside, value-fashion chain Zudio and hypermarket Star Bazaar. Tata, in Trent's latest annual report also said its future growth will continue to be anchored in building distinct, well-defined propositions across categories, while also aiming to take homegrown brands to international markets. Referring to his remarks at Trent's 2023 shareholders' meeting, Tata said he had envisioned the company becoming ten times larger in terms of revenues with commensurate profitability. "Since then, the revenue and profitability run rate have grown by over 2.5 times. Given all this, I am confident that we will reach the milestone I had reference
No talk on Chandra's term or listing at meeting called on Noel's behest
May 26 meeting expected to set the tone for Tata group's future leadership, discuss Tata Sons' listing
Reports state that Venu Srinivasan and Vijay Singh will cease to be trustees at TEDT after May 10, as Mehli Mistry and J N Mistry also voted against their reappointments
The Bombay High Court asked the petitioner to move the vacation bench if urgent relief was needed in the case challenging Sir Ratan Tata Trust's life trustees
Trustees at Tata Trusts are set to push for listing Tata Sons under RBI norms, exposing internal differences as Noel Tata seeks to keep the holding company closely held
Former trustee Mistry has accused Tata Trusts colleagues, including Chairman Noel Tata, of appointing non-Parsis as trustees, alleging violation of the trust deed's eligibility rules
Trust dominance and a history of family feuds test Tata's ownership structure as pressure grows to list the holding company as regulatory and governance pressures mount
A Tata Trusts resolution backing a third term for N Chandrasekaran remains valid, even as questions linger over Tata Sons' future structure
Chandrasekaran defers third-term nod as Noel Tata seeks assurances on listing, debt and SP Group dispute, exposing fresh fault lines within Tata Sons