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.
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.
'Listing leads to greater transparency and shareholder oversight.'
The Shapoorji Pallonji (SP) Group, the second-largest shareholder in Tata Sons, has publicly endorsed a listing of the Tata Group's holding company, aligning with the board's push for greater transparency and public accountability despite opposition from the Tata Trusts.
The Reserve Bank of India (RBI) has rejected Tata Sons' application to surrender its non-banking finance company (NBFC) licence, a decision that mandates a public markets listing for the conglomerate's holding company as it is classified as an upper-layer NBFC.
Tata Sons approached the RBI in 2024 seeking de-registration after becoming debt-free, a move that would allow it to remain a privately held, unlisted company. The application has remained pending.
At least four to five privately placed infrastructure investment trusts (Invits) are expected to transition to public listings by the end of the 2026-27 financial year, significantly increasing the number of publicly traded Invits to 12-14, according to N S Venkatesh, CEO of the Bharat Invits Association (BIA).
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.
A foreign brokerage predicts that private investments in Indian AI startups are rapidly growing, with potential listings adding up to USD 100 billion to India's market capitalisation over the next two to five years. Goldman Sachs reported a tripling of PE investment in Indian AI startups in 2025 and highlighted India's rising global rank in AI funding and new AI companies.
The Securities and Exchange Board of India (Sebi) is set to undertake a comprehensive overhaul of the small and medium enterprise (SME) listing framework and tighten accountability around the use of artificial intelligence (AI) and machine learning (ML) in financial markets, Sebi Chairman Tuhin Kanta Pandey announced.
India's food regulator, FSSAI, has issued notices to Nestle India, Abbott Healthcare, Nutricia International, Mead Johnson Nutrition (India), and social media influencer Ira Fathima for 'illegal' advertising and promotion of infant milk substitutes on Instagram.
The removal of the six Indian facilities from the Department of Commerce's Entity list is expected to reduce the number of licence applications for exports and re-exports to India.
National Stock Exchange (NSE) Chairman Srinivas Injeti stated that post-listing, the exchange's duties as a stock trading marketplace and its responsibilities as a commercial entity will see public interest overriding business interests if the two intersect.
Indian digital certification authority eMudhra has reported a compromise of private keys for some of its global TLS and code-signing certificates, according to Cert-In. This incident, while eMudhra states it has limited impact on its Indian operations, could allow cybercriminals to impersonate websites. Separately, SBI has disclosed a suspected exposure of nearly 4,000 customer records on the dark web.
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.
The portfolio could be split between listed and unlisted investments, or structured along sectoral lines.
Jio Platforms, the digital arm of Reliance Industries Ltd (RIL), is launching its initial public offering (IPO) with a price band of 1,065-1,119 a share, aiming to make RIL a net-debt-free company and create long-term shareholder value.
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?
The Indian government has amended its e-commerce rules to enhance price transparency, prevent manipulation of search results, mandate clear disclosure of sponsored listings, and combat 'dark patterns' to protect consumers.
Tata Sons, the holding company of the Tata group, continues to be classified as an 'upper-layer non-banking financial company' (NBFC) by the Reserve Bank of India (RBI), despite its application to deregister as an NBFC-Core Investment Company (CIC) remaining under consideration. This classification subjects it to enhanced regulation and a mandatory listing requirement, which remains uncertain.
'... but runs with the rigour and discipline of a large enterprise.'
The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
The United States has removed four Indian companies from its sanctions list, which had been accused of supplying advanced technology and equipment to Russia's military-industrial complex. The de-listed firms include RRG Engineering Technologies, Lokesh Machines, Galaxy Bearings, and Shaurya Aeronautics, previously sanctioned for exporting dual-use items to Russian entities.
Eutelsat OneWeb, a satellite communications company, is awaiting approvals from the Indian central government to launch its services, as confirmed by Sunil Mittal, chairman of Bharti Enterprises, the largest shareholder in the Eutelsat group.
The troubles, however, go beyond the exit of one office-bearer.
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.
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.
The Indian government has officially declared the Pakistan-based Shahzad Bhatti Network (SBN) a terrorist organisation under the Unlawful Activities (Prevention) Act (UAPA). This action, announced by Union Home Minister Amit Shah, targets a group involved in cross-border smuggling of arms, explosives, and narcotics, as well as inciting youth into terrorism and spreading hateful digital content. SBN is accused of threatening India's democratic structure, communal harmony, and internal security.
'The Rs 35,000 crore of capex every year, I don't get to sign 35 paise out of this.'
'...but should prepare for listing unless a court grants effective interim relief.'
Jindal Supreme (India) Ltd's initial public offering, a manufacturer of plastic piping solutions, was subscribed an astounding 181.07 times on its final day, reflecting robust investor demand across all categories.
Shapoorji Pallonji Mistry's statement will be watched closely against the backdrop of the listing battle as well as the Tata leadership contest, with veto votes being cast over the reappointment of N Chandrasekaran as chairman of Tata Sons for a third term.
India's market regulator, Sebi, has approved the re-introduction of open-market share buybacks through stock exchanges, effective August 1, 2026, alongside easing debt listing norms for RBI-regulated entities and simplifying rules for mutual funds and alternative investment funds.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
Indian track and field athletes at the Asian Games are facing a growing injury crisis, with Yashas Palaksha, Jyothi Yarraji, and Praveen Chithravel all pulling out or struggling due to fitness issues.
The upcoming Tata Sons board meeting in June could possibly throw some light on several critical issues that may have a bearing on the future of the corporate behemoth.
Shares will be allocated across different institutional investors, including domestic mutual funds, other domestic institutions and FPIs.
The Indian government has made Bureau of Indian Standards (BIS) certification compulsory for smartphone screen protectors, effective April 1, 2027. This move aims to ensure product quality, curb low-quality imports, and significantly boost domestic manufacturing, creating a substantial industry and job opportunities.
In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
A new study reveals that past emissions from major oil, gas, coal, and cement producers will continue to impact Earth's environment for centuries, even if emissions cease today. The research highlights that the planet will remain significantly warmer than pre-industrial levels, leading to persistent climate damages and increasing the likelihood of future extreme weather events, forming the basis for accountability lawsuits against these "carbon majors."
