The reappointment comes amid reports of a rift among the trustees, with one faction reportedly aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry
Venu Srinivasan's term up for renewal, Mehli Mistry next in line
Tata Trusts dispute focuses on trustee seats on Tata Sons board, group's business direction, and handling minority shareholder Shapoorji Pallonji's planned exit
The government has stepped in to resolve a major leadership crisis brewing within Tata Trusts. On October 7, top leaders from the Tata group, including Tata Sons Chairman N. Chandrasekaran, Tata Trust
Tata Group trustees, including Noel Tata and N Chandrasekaran, met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid internal disputes over board appointments at Tata Sons
Today's pieces examine the RBI's decision on the policy rate, what it might do on the issue of Tata Sons' listing, 100 years of the RSS, and the question of rising populism globally as well as India
Singh's decision to step down may have been triggered by differences among board members over exercising the power to appoint a nominee director on the Tata Sons board
Tata Sons' 107th AGM saw shareholders clear Noel Tata's appointment, other board changes and a higher dividend, with FY25 profit down on lower investment gains
In extending the term of executive chairman N Chandrasekaran, Tata Trusts has added additional clauses as adjuncts in the group's leadership journey
'The AI-171 Memorial and Welfare Trust' has been registered in Mumbai
The plan is in the final stages with discussions centred around how to take social sector projects forward in lines with other Tata Trusts
Noel Tata was named chairman of Tata Trusts, which holds 66% in Tata Sons, after Ratan Tata passed away last month. Soon after, Noel was inducted into Tata Sons board as a Trusts nominee director
The decision comes after an internal audit and financial review by trustees, which revealed a notable increase in staffing expenses, reaching approximately Rs 180 crore, according to a report
A meeting of Tata Trusts on Thursday is learnt to have discussed a range of issues including Noel Tata being part of the Tata Sons board
Noel is the half-brother of the late Ratan Tata, and was already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust
Today, Noel Tata, Ratan Tata’s half brother, has been appointed the chairman of Tata Trust, following Ratan Tata’s demise.
Noel Tata's appointment brings clarity to the future leadership of one of India's largest charitable organisations
Shah acknowledged Tata's remarkable leadership in transforming the Tata Group
Industry body Ficci on Thursday mourned the demise of industry veteran Ratan Tata, describing him as a "role model who inspired generations of entrepreneurs and corporate leaders with his vision of ethical capitalism". Ficci President Anish Shah said, "Ficci remembers Ratan Tata not just as a successful businessman but as a role model who embodied the values of integrity, humility, and social responsibility." "His vision of ethical capitalism and his efforts to use business as a force for societal good have inspired generations of entrepreneurs and corporate leaders," Shah said. The loss of Mr Tata leaves a void in the Indian business community that will be hard to fill, the industry body said, adding Ficci extends its deepest condolences to his bereaved family and friends. Echoing similar sentiments, Assocham described him as an iconic leader whose influence extended beyond Corporate India making him a global leader with immense goodwill. "Mr Tata not only took a well-diversified
President Murmu highlighted Tata's contributions to philanthropy and charity calling them as invaluable