Page 3 - Tata Trusts

World's most influential industrialist Ratan Tata passes away at 86

He was one of the world's most influential industrialists yet he never appeared on any list of billionaires. He controlled over 30 companies that operated in over 100 countries across six continents yet lived an unpretentious life. Ratan Naval Tata, who died at a Mumbai hospital on Wednesday night at the age of 86 years, enjoyed a perhaps unique status -- a corporate titan who was considered a 'secular living saint' with a reputation for decency and integrity. Tata joined the family firm after acquiring a B.S. in architecture from Cornell University, Ithaca, New York, in 1962. He initially worked on the shop floor, gaining experience in a number of Tata Group businesses before being named director in charge of one of them, the National Radio and Electronics Co in 1971. He became chairman of Tata Industries a decade later and in 1991, took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. This was the year when India ope

US mourns death of industrialist Ratan Tata who 'drove India to prosperity'

The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India. He deeply cared about making India better. Deep condolences to his loved ones and Rest in Peace Shri Ratan Tata Ji, wrote Google and Alphabet CEO Sunder Pichai on X. Atul Keshap, the president of the US-India Business Council (USIBC), told PTI the Padma Vibhushan recipient was a "unique and noble son of India, a role model for th

Ratan Tata's mortal remains taken to NCPA for people to pay tributes

Legendary industrialist Ratan Tata's body was on Thursday morning taken from his house in a hearse, decked with white flowers, to the NCPA in south Mumbai where it would be kept for people to pay their last respects. Before the hearse started from Tata's home, located a couple of kilometres away from the National Centre for Performing Arts (NCPA), the Mumbai Police band played a tune as a mark of respect to him. As the news of Tata's demise spread, people from different walks of life gathered outside his house since early Thursday morning to pay tribute to him. Cricket legend Sachin Tendulkar was among the early visitors at Tata's home. Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, died at age 86 at the Breach Candy Hospital in Mumbai on Wednesday night. Chief Minister Eknath Shinde, his deputy Devendra Fadnavis, Maharashtra's education minister Deepak Kesarkar and industrialist Mukesh Ambani were among those who rushed to the

People gather outside Ratan Tata's house, Tendulkar among early visitors

People from different walks of life gathered outside the residence of Ratan Tata in south Mumbai on Thursday morning to pay their respects to the veteran industrialist, who died in a hospital here. Cricket legend Sachin Tendulkar was among the early visitors at Tata's home in Colaba area to pay homage to the industrialist. Members of the Mumbai Police band were also present outside the house, besides a number of security personnel and mediapersons. Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, died at age 86 at the Breach Candy Hospital in Mumbai on Wednesday night. Chief Minister Eknath Shinde, his deputy Devendra Fadnavis, Maharashtra's education minister Deepak Kesarkar and industrialist Mukesh Ambani were among those who rushed to the hospital after hearing about Tata's death. The mortal remains of Tata were brought out of the Breach Candy Hospital in an ambulance escorted by police vehicles early on Thursday and taken to h

Noel Tata's three children to be on five Tata Trusts' board seats

The move is being seen as part of the Trusts' succession plan

How a new tax law has stumped Tata Trusts and top corporate donors

The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be considered as application of income for the donor organisation

Tata Trusts appoints Siddharth Sharma as CEO, Aparna Uppaluri as COO

Both appointments will take effect on April 1 of this year

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

Ratan Tata's close confidant Mehli Mistry to join two Tata Trusts

Low profile Mistry, 62, runs about a dozen firms, with interests ranging from paint distribution to logistics, travel, and automotive dealerships

Tata alters policies to consolidate group operations under one umbrella

In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors

Tata Trusts to earn Rs 267 cr as dividend income from Tata Sons in FY22

Tata Sons, the unlisted holding company of Tata Group of companies, has announced a dividend of Rs 10,000 per share at the rate of 1,000 per cent

Shareholders may vote on splitting chairman posts at Tata Sons & Trusts

The chairman of the committee will be selected by the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust from amongst the nominees nominated by the Trusts

Head of Tata Trusts may be disallowed from heading a Tata Group company

Ratan Tata was the last person to chair both the companies, Tata Sons and Tata Trusts, after JRD Tata. He is deliberating on the issue to ensure that the interests of both companies are protected

Succession planning: Tata Sons and Tata Trusts to have separate chairmen

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

Tata Sons may remove age limit for Tata Trusts nominees on its board

Age cap may go for Tata Trusts' nominees

Tata-Mistry spat: What it means for minority and small shareholders

Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies

Tata vs Mistry: Minority shareholders cannot claim board seat, says SC

The court has made it clear that Mistry Group is not a small shareholder and a board seat cannot be allotted to it contractually or by law

Dell, health ministry launch mobile app for non-communicable diseases

The application is for the management of non-communicable diseases (NCDs) at the government primary health centres (PHCs) across the country

Tata Trusts must introspect on more scrutiny by govt bodies: Cyrus Mistry

SP Group chief Cyrus Mistry said the trustees of the Tata Trusts must introspect why they have deviated

Tax tribunal relief for 3 major Tata trusts, setback for Cyrus Mistry

Former Tata Sons chairman censured for accessing and supplying records to I-T