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
Tata Sons board holds inconclusive discussions on N Chandrasekaran's third term as leadership questions and Tata Trusts tensions remain unresolved
Tata Trusts confined discussions to routine matters, deferring decisions on N Chandrasekaran's tenure and Tata Sons' potential listing amid legal challenges
The debate over a possible IPO for Tata Sons is back in focus amid fresh RBI regulatory pressure and internal differences within Tata Trusts.
Upcoming Tata Trusts and Tata Sons board meetings are expected to focus on routine matters, with no immediate decision likely on Chandra's tenure or listing plans
No talk on Chandra's term or listing at meeting called on Noel's behest
The board of Tata Sons will meet on Tuesday, and discussions on the diversified group's loss-making companies are likely to come up, sources said on Monday. However, sources made it clear that any discussion on Tata Sons chairman N Chandrasekaran's reappointment is unlikely at the board meeting, which comes amid rising frictions within the group. Individual companies, especially those currently loss-making, are likely to make a presentation on the state of their business and the way ahead, a source said. Chandrasekaran and Tata Trusts chairman Noel Tata, who is a nominee director on the Tata Sons board, are understood to have met over the weekend to discuss the same matter on the performance of the companies. In FY25, Tata group's unlisted businesses posted a loss of Rs 10,905 crore, which is likely to go up to Rs 29,000 crore, according to reports. It can be noted that the Tata group, which includes the Tata Trusts owning two-thirds of Tata Sons, the holding company of the group,
May 26 meeting expected to set the tone for Tata group's future leadership, discuss Tata Sons' listing
According to the report,emergence of internal differences strengthens tata sons' case for a market-facing structure
The House of Tatas is divided over Tata Sons' listing, among other issues. The 19-month journey since Ratan Tata explains the sequence of events
Until now, Tata Sons has remained unlisted, but there is now pressure to list from internal stakeholders, including its second largest shareholder, the Shapoorji Paloonji (SP) Group
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 top agenda for friday's meeting was a review of tata trusts representation for nominee directors on the tata sons board
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
The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds
Singapore Airlines holds a roughly 25% stake in Air India, with the rest owned by Tata Sons
Corporate governance advisory firm InGovern Research Services has urged the RBI to issue a clear directive to Tata Sons to initiate the listing process as an upper-layer NBFC by the March 2027 deadline, in accordance with its latest master directions. In a report, InGovern said the regulatory landscape has shifted significantly, and there is no remaining legal basis to provide an exemption from public listing to an entity of the magnitude of Tata Sons, a holding company controlling about Rs 1.75 lakh crore in assets. It also requested the RBI to issue a definitive public order rejecting Tata Sons' application for de-registration as a core investment company that was filed to avoid a public listing. Tata Sons' application filed in March 2024 to surrender its Certificate of Registration (CoR) as a Systemically Important Core Investment Company (CIC-ND-SI) is pending, InGovern said, adding that "this application has now been rendered substantively and procedurally deficient by the ...
Immediate corrective action mandated to comply with rules
Only way out for the CIC is to get de-registered as an NBFC
Tata Sons chairman N Chandrasekaran reaffirmed a zero-tolerance policy on misconduct after sexual harassment allegations at TCS Nashik, with action initiated