'I was the first to caution against the potential listing of Tata Sons.'
N Chandrasekaran and Noel Tata are expected to attend the Tata Steel board meeting on November 7 to approve Q2 results and the Tata Sons board meeting in the second half of November.
Should the Tata Sons board heed the views of its majority shareholder? asks Laveesh Bhandari.
Noel Tata, chairman of Tata Trusts, has challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons, citing procedural irregularities and a lack of proper agenda for the September 17 board meeting.
A source said the "intention of finding a resolution" on thorny issues appeared to be missing at the meeting between the two Tata leaders held at Noel Tata's residence.
Noel Tata, chairman of Tata Trusts, and his son Neville Tata have filed caveats in Mumbai courts, ensuring they are heard before any orders are passed in a dispute involving Venu Srinivasan and Vijay Singh concerning alleged governance lapses and irregularities at some Tata Trusts.
Noel N. Tata will retire as chairman and director of Trent Ltd on November 11, after nearly three decades with the Tata Group retailer. Bahram Vakil has been appointed as his successor, effective November 12, in a leadership transition aligning with Tata Group Governance Guidelines.
Sir Dorabji Tata Trust has submitted its response to governance complaints filed by two trustees, with the Maharashtra charity commissioner expected to decide the next course of action.
Finance Minister Nirmala Sitharaman has criticised Congress leader Rahul Gandhi for alleging the 'criminal destruction' of the Tata Group, urging him to refrain from 'politicising' commercial and legal matters and accusing him of trying to incite business leaders.
His remarks come amid a debate over whether Tata Sons, the holding company of India's largest conglomerate Tata group, is required to go public.
Tata Motors and Italy's Iveco have announced their combined enterprise will become the world's fourth-largest commercial vehicle manufacturer, boasting a revenue of Rs 2.28 lakh crore (Euro 21 billion) following Tata Motors' acquisition of an 89.42 per cent stake in Iveco.
Tata Sons has provided Tata Trusts with three legal opinions, including those from former Supreme Court judges BN Srikrishna and UU Lalit, to assert the validity of N Chandrasekaran's reappointment as chairman for another five years, following queries from Tata Trusts regarding the September 17 board meeting resolution.
Tata Power is positioning itself as a key partner in India's rapidly expanding data centre ecosystem, with a significant opportunity pipeline across renewable energy, transmission, and distribution. The company is broadening its offerings to include comprehensive solutions like powered land and grid connectivity, actively supporting hyperscalers and AI-ready digital infrastructure, particularly in the Mumbai Metropolitan Region.
Even as lawyers on both sides study the pros and cons of a court battle, there are unanswered questions: When did Tata Trusts review its resolution of 2025 on backing Chandrasekaran for a third term?How will the shareholders of Tata Sons respond on listing and the leadership issue?
Tata Trusts, the majority shareholders of Tata Sons, have proposed merging two operating companies, Tata Electronics Systems Solutions Pvt Ltd (TESS) and Tata Consulting Engineers (TCE), with Tata Sons. This restructuring aims to shed Tata Sons' classification as a non-banking financial company (NBFC) and a core investment company (CIC), thereby allowing it to retain its status as an unlisted private company and resolve ongoing disputes regarding its future ownership.
Venu Srinivasan, a trustee and Tata Sons nominee director, has requested a regulatory inquiry into the governance of the Sir Dorabji Tata Trust, one of the charitable entities controlling 66 per cent of Tata Sons, citing concerns over trustee appointments and the trusts' involvement in commercial affairs.
The new Tata Aeris, a sub-compact sedan, which replaces the Tigor, promises enhanced features, superior ride quality, and advanced technology.
A stake sale by Tata Trusts will help it to have a larger corpus that could be used to balance the unequal dividends that flow from Tata Sons on an ongoing basis.
Tata Motors Passenger Vehicles (TMPV) Managing Director and CEO Shailesh Chandra stated that the ongoing tussle between Tata Sons and Tata Trusts is 'of no concern' to TMPV, as it is an independently listed company focused on its own strategy.
Tata Trusts, the majority shareholder of Tata Sons, has stated its firm opposition to the holding company's public listing, revealing that the Tata Sons board will meet again to explore all available alternatives to listing.
The Tata Aeris iCNG, evolving from the Tigor, offers a modernized exterior and a feature-rich interior. It boasts innovative twin-cylinder CNG technology for maximum boot space, premium comfort features like ventilated seats and a 360-degree camera, and a smooth driving performance. Priced competitively, it aims to challenge rivals in the segment while offering enhanced practicality.
Within days of the RBI's letter to Tata Sons that its CIC deregistration application had been rejected, the regulator filed a caveat in the Bombay High Court so that it could be heard before any order is passed on the matter in case there's a petition challenging its listing directive.
Seven of them posted losses, led by Air India, with their combined net loss widening to Rs 31,823 crore in FY26 from Rs 17,553 crore a year earlier and Rs 1,555 crore in FY20.
Tata Trusts, India's largest philanthropic group, disbursed Rs 1,556.31 crore in the year to March 2026 and announced plans to establish a network of 40 to 50 not-for-profit general hospitals, with funding from paying patients supporting care for those who cannot afford it.
'It is unfortunate that the Chairman of Tata Sons, a Company renowned for setting high standards of corporate governance, is contending reappointment on such an untenable interpretation of the Articles'.
A letter sent by the Sir Dorabji Tata Trust to Venu Srinivasan, Tata Trusts vice-chairman and nominee director on Tata Sons, a day before the Tata Sons board meeting on September 17, is at the centre of deliberations.
J R D Tata, chairman of the Tata group from 1938 to 1991, said that whenever he had to make a difficult decision, he would ask himself, what will be good for India, and what will be good for the Tatas. If he had a doubt, he would decide in favour of India. In the long run, it would turn out well for the Tatas too, he said, points out Arun Maira.
Tata Trusts Vice-Chairmen Venu Srinivasan and Vijay Singh challenge a proposed reorganisation of Tata Sons, alleging a lack of trustee consultation and raising concerns about its regulatory and financial implications.
Holding-company discounts and losses at key unlisted ventures could weigh on Tata Sons' IPO valuation, though its diversified portfolio may still command a premium.
Tata Power has partnered with Norway's Ocean Sun to introduce innovative membrane-based floating solar technology to India. A 300 kWp pilot project will be undertaken at Tata Power's Mulshi reservoir in Maharashtra to evaluate the technology's performance, reliability, and cost-effectiveness under Indian conditions. This collaboration aims to leverage India's significant floating solar potential and contribute to its renewable energy goals.
'The larger lesson for India Inc is that promoter oversight and professional management are not inherently contradictory. The difficulty arises when the boundaries between the two are unclear.'
'Listing leads to greater transparency and shareholder oversight.'
Listing, according to Noel Tata, will fundamentally change how the company and the group have been working over the past 150 years.
Tata Sons Chairman N Chandrasekaran views the group's investment in semiconductors not as a short-term financial play, but as a critical long-term commitment to India's growth and self-reliance in a sector vital for domestic consumption and global supply chains.
'...but should prepare for listing unless a court grants effective interim relief.'
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
The portfolio could be split between listed and unlisted investments, or structured along sectoral lines.
At a valuation of around Rs 10 trillion, Tata Sons would rank among India's 10 largest listed companies and could qualify for inclusion in key indices such as the Nifty 50, Sensex and the Nifty 100.
Tata Capital remains confident in its 23-25 per cent growth guidance, driven by strong momentum in Retail and SME segments, despite facing pressures from rising funding costs and potential impacts from new RBI regulations on revolving credit.
A significant boardroom battle has erupted at Tata Sons, India's largest conglomerate, following the board's decision to proceed with a public listing and extend N Chandrasekaran's tenure as executive chairman, moves opposed by Noel Tata, who represents the majority shareholder Tata Trusts.
