Tata Trust

Noel Tata secures son Neville's entry to one board, blocked on another

The Tata group's internal power balance remains delicate as Noel Tata succeeded in placing his son, Neville, on the board of one of the two powerful trusts that holds majority stake in Tata Sons, but is said to have failed to get his way in the other, sources said. After the demise of patriarch Ratan Tata in October last year, Noel took over as the chairman of Tata Trusts, a group of philanthropic organisations that collectively own 65.4 per cent in Tata Sons, the holding company of the 156-year-old Tata Group, which comprises around 400 companies, including 30 listed entities. On Wednesday, Noel's son Neville and former group company leader Bhaskar Bhat were appointed to the Sri Dorabji Tata Trust (SDTT), which owns 28 per cent in Tata Sons, according to a statement issued by the trust. However, he couldn't get the two appointed on the Sir Ratan Tata Trust (SRTT), which holds 23.6 per cent in Tata Sons, sources said. This is apparently because of an objection raised by Venu ...

Shades of global governance models reflected in Tata group boardroom battle

At home, though, unlike others, the Tatas are the only industrial group who consolidated all their trusts under a single public trust umbrella

Tata Trusts moves proposal to reappoint Mehli Mistry as lifetime trustee

The reappointment bid comes amid reports of a rift among the trustees over their tenures, with one faction aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry

Tata Trusts battle: Venu Srinivasan named life trustee before end of term

The renewal marks his transition to life trusteeship, cementing his position within one of the most influential charitable trusts of the Tata Group

Renewal of trustees' term in focus at Tata Trusts amid ongoing tension

Trustees at Dorabji Tata Trust, the key trust which along with Sir Ratan Tata Trust own a majority of share in Tata Sons, have had a three-year term

Third term for Chandrasekaran: Tata Trusts sidesteps retirement rules

Tata Sons will formally consider the Trusts' resolution to extend Chandrasekaran's term in 2027, marking the first time a Tata executive may serve beyond the retirement age of 65

Show of calm at Tata Trusts board meeting amid heightened tension

Trustees focus on philanthropic initiatives as government urges both factions to settle differences amid tensions over Tata Sons' board and governance

Tata Trusts trustees to meet on Friday amid govt push to resolve rift

The outcome of Friday's meeting will be closely watched, as Tata Trusts - which holds a 66 percent stake in Tata Sons - wields significant influence over the conglomerate's governance and strategy

Noel, Chandra meet Shah, Sitharaman amid rising tension at Tata Trusts

It is learnt that the govt decided to intervene and called an urgent meeting to help resolve a crisis at the leading business house of the country and deliberate on ''misgovernance'' at Tata Trusts

Tata Sons, Trusts to set up a new Trust for long term care of AI victims

Chairman N Chandrasekaran told Tata Sons' board that a dedicated trust will be created with Tata Trusts to provide long-term support to victims' families

Noel Tata elected chairman of Tata Trusts after Ratan Tata's passing

Noel Tata's appointment brings clarity to the future leadership of one of India's largest charitable organisations

Ratan Tata passes away at 86: A look at his life and enduring legacy

'From education to healthcare, his initiatives have left a deep-rooted mark that will benefit generations to come,' says Tata Sons Chairman N Chandrasekaran

Tata Steel saw record operational performance in FY23: CEO T V Narendran

Tata Steel India reported a record operational performance in the last financial year despite a challenging environment, according to the company's CEO & MD T V Narendran. The company produced 19.87 Million Tonnes (MT) of steel in the last fiscal as against 19.06 MT in 2021-22. During the same period, sales were higher at 18.87 MT compared to 18.27 MT in the year-ago period. "Tata Steel India reported a record-breaking operational performance in FY23 despite a challenging environment," Narendran said in a statement on Thursday. "Our strong marketing network and agile business model enabled us to grow across segments," he added. During January-March period, Tata Steel India's production increased to 5.15 MT from 4.90 MT in the year-ago period.

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

Tata Trusts CEO N Srinath retires, new chief to be announced soon

Srinath joined Tata Administrative Services in 1986 and led different Tata Companies in the ICT sector

Karnataka govt likely to follow Chhattisgarh's model of child care

The team observed the activities being done for the emotional, physical and intellectual development of children at Anganwadi centres

Jamsetji Tata tops global list of top 10 philanthropists from last 100 yrs

Hurun Research and EdelGive Foundation today released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world's most generous individuals from the last 100 years

Market linkage could boost farmers' turnover by 5-20%: Tata Trusts study

The report was based on a field study concluded over a year ago, covering 49 FPO clusters and 45 agriculture value chains across 52 districts in 18 states

Income Tax dept examines foreign contribution sought by Tata trust

The requisition was made after the Navajbai Ratan Tata Trust had given up Trust status in February 2015

Parliamentary panel says Tata trust broke laws to get income-tax exemption

According to the panel, construction of "Tata Hall" in Harvard did not amount to charity