Tag: Tata Trusts

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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If Tata Sons Chairman Natarajan Chandrasekaran gets reappointed, it would provide leadership continuity for the group as it navigates headwinds across sectors. (AFP)
Posted in Business

Tata Sons defers vote on Chairman Chandra’s new term in sign of power tussle| Business News

The board of Tata Sons Pvt. Ltd. deferred a decision on granting a third term to Chairman Natarajan Chandrasekaran, people familiar said, in the latest…

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Tata Trusts Chairman Noel Tata. (PTI)
Posted in Business

Tata Trusts is said to appoint Noel Tata’s son Neville Tata, Bhaskar Bhat as trustees| Business News

Tata Trusts is said to have appointed Chairman Noel Tata’s son Neville Tata and Tata Group veteran Bhaskar Bhat to the board of Sir Dorabji…

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Tata Trusts holds a two-thirds stake in Tata Sons Pvt. Ltd. (Reuters)
Posted in Business

Mehli Mistry exits Tata Trusts, says ‘nobody’s bigger than the institution’| Business News

Mehli Mistry has decided to move on Tata Trusts, according to his letter to other trustees, effectively bringing an end to a tussle that threatened…

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Tata Trusts Chairman Noel Tata. (PTI)
Posted in Business

The similarities between Tata vs Mistry then, and now| Business News

In 2011, Ratan Tata handpicked Cyrus Mistry as his successor at group holding company Tata Sons Pvt. Ltd. Five years later, in October, Tata was…

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Tata Trusts Chairman Noel Tata. (PTI)
Posted in Business

Noel Tata-led trustees block Mehli Mistry reappointment as Tata Trusts rift widens| Business News

Tata Trusts Chairman Noel Tata, along with Vice Chairmen Venu Srinivasan and Vijay Singh, blocked the reappointment of Mehli Mistry as a permament trustee, Livemint…

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