Tag: Tata Trusts

Inside the Tata Sons power struggle: Noel Tata, Chandrasekaran and the key players. (PTI/HT File)
Posted in Business

Tata Sons power battle: Who’s who in the high-stakes boardroom tussle

A boardroom dispute at Tata Sons has turned into a fight over the future of the holding company of the Tata Group. Inside the Tata…

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In his letter, Noel denounced the entire reappointment as illegal from the start. (PTI)
Posted in Business

‘Illegal, strong objection’: What Noel Tata said on N Chandrasekaran’s ‘controversial’ reappointment at Tata Sons

The board of Tata Sons applied two different constitutional rules in 2022 and 2026 to reappoint its chairman, Tata Trusts chairman Noel Tata claimed, after…

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According to Tata Trusts, Tata Sons’ Articles of Association (AoA) require the affirmative support of a majority of directors nominated by Tata Trusts. (PTI)
Posted in Business

Tata Sons board resolution on Chandrasekaran reappointment invalid, says Tata Trusts

The resolution to reappoint N Chandrasekaran as Chairman of Tata Sons was not validly passed at the company’s September 17 board meeting as the mandatory…

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Mistry urged Tata Trusts to not let the listing become a point of division. (Reuters)
Posted in Business

Shapoorji Mistry urges Tata Trustees to support listing

Shapoorji Mistry, the chairperson of the Shapoorji Pallonji Group, urged all Tata Trustees to back the listing of Tata Sons Pvt. Ltd., saying that could…

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Noel, who became chair of Tata Trusts in October 2024, two days after his half-brother Ratan Tata died on 9th, faced many challenges, including helping SP Group. (PTI)
Posted in Business

Noel presents SP Group’s offer to sell back 3% Tata Sons stake for ₹25,000 crore

Tata Trusts chair Noel Tata presented a Shapoorji Pallonji (SP) Group proposal to the Tata Sons board on Thursday, wherein the minority investor offered to…

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Noel’s statement challenges Tata Sons’ claim that its board had decided to “start steps to follow the applicable RBI guidelines.” (REUTERS)
Posted in Business

Noel Tata vows to veto IPO listing, seeks 3-yr window from RBI: ‘If I’m forced to vote…’

Tata Trusts chairman Noel Tata told the Tata Sons board on Thursday that he would block any decision to list the country’s largest company by…

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An undated photo of Noel Tata who has been appointed as chairman of Tata group's philanthropic arm Tata Trusts. (PTI)
Posted in Business

‘Tata model has to be saved’: Noel Tata pushes against public listing of Tata Sons

Tata Trusts has pushed back against Tata Sons’ move towards a public listing, with chairman Noel Tata saying it would be a mistake for the…

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Tata Sons Chairman Natarajan Chandrasekaran (left) and Tata Trusts Chairman Noel Tata.
Posted in Business

Tata Trusts chairman Noel Tata calls Chandrasekaran’s reappointment ‘illegal’, cites Tata Sons’ rules

After Tata Sons approved a fresh five-year term for N Chandrasekaran as executive chairman, Tata Trusts issued a statement saying it maintains that the resolution…

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N Chandrasekaran will step down as Tata Sons chairman when his current term ends on February 20, 2027. (REUTERS)
Posted in Business

N Chandrasekaran’s decision to step down creates immediate succession challenge for Tata Sons

After a 40-year association with the Tata Group, Natarajan Chandrasekaran on Wednesday said he had decided to step down as chairman of Tata Sons when…

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Posted in Economy

RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+

Mumbai: The central bank late on Friday proposed replacing its existing methodology for identifying upper-layer non-banking financial companies (NBFC-UL) with an absolute asset size threshold…

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