Noel Tata, half-brother of Ratan Tata, joined Sir Dorabji Tata Trust last week, marking the entry of the next generation of Tata family in Tata Trusts
Reports said the move signals succession planning and continued association of the Tata family with the philanthropic body that controls the Tata group
Tata Sons, the holding company of the group, is likely to remove the age limit for Tata Trusts nominees on its board. More on that in our morning wrap.
Age cap may go for Tata Trusts' nominees
Tata Sons seeks continuity amid challenges
Tata Trusts' presence likely to be strengthened in the restructured board of Tata Sons
Here are the top headlines on Friday
The sale of Air India was a boost to the government's privatisation drive. But where the airline flies from here? We find out the challenges that Tata Group face to ensure Air India's smooth flight
That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, writes T N Ninan
Sanjiv Mehta of HUL and former GIC CMD Alice Vaidyan are likely to be appointed as independent directors
The entire nation's eyes are on the Tata Group and Air India waiting to see what they will achieve together, Tata Sons Chairman Natarajan Chandrasekaran told the carrier's employees
NEW DELHI (Reuters) -India's Tata Group took control of state-run carrier Air India on Thursday, regaining ownership of the airline after nearly 70 years and marking a victory for Prime Minister Narendra Modi's privatisation push.
'We are excited to have Air India back in the Tata Group and are committed to making this a world-class airline,' Tata Sons Chairman N Chandrasekaran said in a statement
The group also said it philosophically agrees with 'the Prime Minister's vision for the aviation sector, of making it affordable and ensuring it contributes to boosting 'Ease of Living' for citizens'
Air India will boom under the wings of the new owners and the airline will pave the way for a thriving and robust civil aviation sector in India, Aviation Minister Jyotiraditya Scindia said
Tata Sons chairman N Chandrasekaran called on Prime Minister Narendra Modi on Thursday ahead of the official handover of Air India to the Tata Group.
There will be changes in seating arrangements and also the dress of the cabin crew, say sources
The management control of national carrier Air India is set to be handed over to a subsidiary of Tata Sons.
At Rs 4,500 apiece, the two entities stand to rake in about Rs 12,993.2 cr
the TCS Board had approved an upto Rs 18000 crore buyback offer entailing 4 crore shares at Rs 4,500 apiece