Tata Trusts on Sunday said trustees of the Bai Hirabai Trust have decided to adopt proceedings before appropriate authority for alteration of restrictive clauses, such as prohibition of non-Zoroastrians from being trustees, in the eligibility criteria of being a trustee in it. The development comes days after Mehli Mistry, a former trustee of the Tata Trusts, challenged the appointments of veteran industrialist Venu Srinivasan and former defence secretary Vijay Singh to the board of Bai Hirabai Jamsetji Tata Navsari Charitable Institution (Bai Hirabai Trust) in a complaint to the Maharashtra Charity Commissioner. Mistry had claimed that Srinivasan and Singh do not satisfy the criteria laid out in the trust deed, including the specific conditions including practice of the Parsi Zoroastrian faith and residency requirements in Mumbai. Earlier this month, Srinivasan, a trustee of Tata Trusts, resigned from the Bai Hirabai Trust citing other business commitments but later admitted to ...
Singapore Airlines CEO Goh Choon Phong will be meeting senior Tata Group executives on Thursday, and both sides are expected to have detailed discussions on loss-making Air India. Goh Choon Phong arrived at the Bombay House, the headquarters of the Tata Group, on Thursday morning. Tata Group acquired Air India from the Indian government in January 2022, and later Singapore Airlines purchased a 25.1 per cent stake in the airline. A source said he would be meeting senior Tata Group executives. Details about his planned meetings with the Tata Group executives could not be immediately ascertained. According to reports, the Singapore Airlines CEO will be meeting Tata Sons Chairman N Chandrasekaran. The meeting assumes significance against the backdrop of Air India facing multiple headwinds, including spiralling operating costs due to the airspace curbs in the wake of the West Asia conflict and the closure of Pakistan airspace for nearly a year now. These restrictions have forced the
Size of the infusion from the majority shareholders is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options
The first refurbished wide-body Boeing 787-8 aircraft of Air India landed at Delhi Airport on Monday, more than three years after the Tata Group-owned airline announced a USD 400-million investment plan to carry out a comprehensive refit of its legacy twin-aisle fleet. The aircraft, VT-ANT, operated a non-stop ferry flight from San Bernardino in the United States, flying over the Pacific, and landed at Indira Gandhi International Airport in Delhi at 10 pm, the airline said. San Bernardino International Airport in California acts as a major hub for maintenance, painting and storage of Boeing aircraft. Air India on Monday welcomed its first retrofitted, twin-aisle B787-8 (registered VT-ANT), marking the successful completion of a nose-tail cabin refresh of the first of 26 B787 aircraft, the airline said. Loss-making private carrier Air India's legacy widebody fleet comprises Boeing 787-8s and B-777s. These aircraft operate on several long-haul destinations across the UK, Europe, the
Air India CEO and Managing Director Campbell Wilson on Tuesday told the staff that it was the right time to hand over the reins for the airline's next phase of growth. Wilson, who has decided to resign, has been at the helm for four years since mid-2022 and will remain with the airline to ensure a smooth succession. "I am incredibly proud of what you have achieved, especially in the face of unprecedented headwinds in the form of aircraft delivery and supply chain challenges, two wars, crippling airspace closures and fuel prices and, most acutely, tragedy," Wilson said. He said that it was the right time to hand over the reins of the airline. "With a brief window until bulk deliveries from the nearly 600-strong aircraft order book commence in earnest from 2027, the time is right for me to hand over the reins for the next phase of Air India's rise," Wilson said. The loss-making airline, acquired by the Tata Group from the government in January 2022, has been facing various headwinds
Air India CEO Campbell Wilson has stepped down from his position, Indian newspaper Mint reported, citing two people with knowledge of the matter
As of March 31, Trent has a portfolio of 1,286 stores, including 300 Westside, 963 Zudio (including 6 in the UAE), and 23 stores across other lifestyle concepts
Trent has been on a store-opening spree over the last few quarters, with its store count climbing to 1,286 by March 31, compared with about 1,043 a year earlier
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
According to a PTI report, the Tata Group chairman asked over 30 CEOs and MDs to prepare for a tougher business environment, and to manage spending and review project starts
Anand Rathi has revised the target price for Tata Steel to ₹240, based on FY28e SoTP valuation
Following the unexpected turn of events, it may help to take a closer look at what Tata Trusts, its trustees, its chairman, and the nominee directors stand for vis-a-vis Tata Sons
Tata-owned platform continues third year of association with Royal Challengers Bengaluru, expanding digital engagement and fan experiences during the 2026 T20 League
Geojit believes Tata Elxsi is entering a recovery phase, led by strong growth in its transportation segment
Tata Sons' cumulative net profit at ₹1.97 trn over the decade, unlisted firms' combined loss at ₹1.75 trn
Brokerage firm Motilal Oswal Financial Services has maintained its 'Buy' rating on Trent with a revised target price of ₹4,350
Tata Elxsi shares were trading higher on the back of the news that the company has launched a Global Offshore Development Center for Terumo Corporation, boosting investor sentiment
Tata Group Chairman Natarajan Chandrasekaran has been conferred with honorary Knighthood by the British government in recognition of his stellar contribution to strengthening India-UK business relations. He was presented the 'Knight Commander of the Most Excellent Order of the British Empire (KBE)' at an event at the British high commissioner's residence here on Wednesday night. "The Tata Group is a long-standing investor in the UK with operations spanning automotive, steel, technology, and consumer sectors. It plays an important role in supporting UK jobs, advanced manufacturing, and the transition to clean technologies," the high commission said in a statement. "As Chairman of Tata Group, he has made an exceptional contribution to UK-India business relations and to investing in the UK over many years," it said. Lindy Cameron, British High Commissioner to India, described Chandrasekaran as "an amazing friend of the UK and an iconic figure in India's corporate world". The honour w
Tata Motors Commercial Vehicles announced a 1.5% price hike across its vehicle portfolio effective April 1, 2026, prompted by rising input costs, especially precious metals and key commodities.
After a spectacular rally that multiplied investor wealth nearly tenfold between April 2021 and October 2024, Trent shares have been on a persistent decline