The Annual General Meeting (AGM) of Tata Sons, scheduled for Tuesday, is likely to be adjourned because the Sir Ratan Tata Trust (SRTT), a major shareholder, cannot nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner.
If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.
Veteran industrialist Venu Srinivasan has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, following a challenge to his appointment by a former trustee.
Top honchos of the Tata group, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran, on Tuesday met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues.
Retail major Trent is embarking on a robust expansion plan, aiming for significant growth through new store additions for Westside and Zudio, diversification into new formats like Samoh and Burnt Toast, and a projected recovery in like-for-like (LFL) growth.
As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.
A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.
After months of discord, the Tata Trusts appear to be moving towards reconciliation, with recent reappointments and open exchanges signalling a return to cooperative governance.
Tata Sons, now debt-free, has asked the RBI to drop its 'upper-layer NBFC' tag and allow it to stay private.
What strengthens this view further is that he is also the son-in-law of Pallonji Mistry, the largest single shareholder in Tata Sons, the controlling arm of the diversified Tata Group, with an 18 per cent stake.
Tata Trusts announced that the trustees of the Bai Hirabai Trust will initiate proceedings to alter restrictive clauses in its trust deed, specifically those prohibiting non-Zoroastrians from serving as trustees. This decision follows a challenge by former trustee Mehli Mistry regarding the appointments of Venu Srinivasan and Vijay Singh, who allegedly did not meet the original Parsi Zoroastrian faith and residency criteria.
Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life, and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation. The reappointment of Srinivasan this week, ahead of his term expiring on October 23, comes amid reports of a vertical split within Tata Trusts - with one faction said to align with Noel Tata, who took over as chairman following Ratan Tata's death, and the other comprising those seen as loyalists of the former doyen.
Tata Sons' unlisted ventures, including Air India, Tata Digital, and Tata Electronics, reported combined net losses of approximately 25,568.8 crore in FY25, a 58.3 per cent increase from the previous year, despite Tata Sons itself remaining profitable for over a decade.
Bringing an end to the speculation around Mehli Mistry's trusteeship in the Tata Trusts, the former trustee has officially parted ways with the Tata group, ANI has learned from sources close to Mistry.
In a country where wearing lipstick could still invite disapproval, Simone Tata understood that Lakmé's future depended on shifting attitudes.
Will it be Noel Tata, Ratan Tata's half brother?
The tie-up with Tesco for backend support has provided Tata's retail arm, Trent, a further boost. Nevin John and Raghavendra Kamath spoke to Noel N Tata about the arm's expansion plans and issues in the sector.
While the entry of 62-year-old Noel Tata, half brother of Ratan Tata, into Tata Trusts is being seen as a significant departure from the past within the salt-to-software conglomerate, Jehangir, a long-standing philanthropist is expected to add heft to Tata Trusts.
As the Ratan Tata Endowment Foundation and Trust are new entities, the continuous CSR fund flows from Tata Sons will help it undertake new projects.
SP Group chairman Shapoorji Pallonji Mistry on Friday reiterated calls for public listing of Tata Sons to bring transparency, amid infighting among trustees of Tata Trusts which controls a 66 per cent stake in the holding company of the salt-to-software conglomerate. Shapoorji Pallonji family is the single largest minority shareholder with about 18.37 per cent in Tata Sons.
The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.
Snapshots from his illustrious life through the lens of Photographer Gopal Shetty including images with the legendary J R D Tata.
Mukesh Ambani, accompanied by younger son Anant and younger daughter-in-law Radhika Merchant Ambani, were among the many celebrities who attended Devendra Fadnavis' swearing in at Azad Maidan on Thursday afternoon.
The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024.
The final rites of renowned industrialist and philanthropist Ratan Tata were performed with full state honours at a central Mumbai crematorium on Thursday evening. The Mumbai police paid tribute to Tata with a gun salute.
A family priest performed the prayers as per Parsi tradition before the last rites.
'We consider everyone who lost someone in this tragedy as part of our family -- now and forever.'
Ratan Tata: A Life, the much awaited biography, reveals that after a year of 'parallel running', Tata began having second thoughts about Cyrus Mistry's 'suitability'. 'Mistry targeted Ratan, the man who had elevated him from virtual oblivion into the mainstream of the Tatas...'
Noel was heading Trent, the retailing arm of Tatas, before joining Tata International.
Tata group retail firm Trent Ltd reported a 34 percent increase in consolidated net profit to Rs 496.54 crore in the December quarter, helped by the expansion of the store network and increase in attractive value propositions. The company's consolidated revenue from operations grew 34.32 per cent to Rs 4,656.56 crore during the quarter under review. Trent is also pursuing store portfolio optimization, which involves upgrading or consolidating smaller footprint stores with newer stores in more attractive micro markets.
Noel Tata likes to relax at his Alibaug beach home on weekends, but he is equally passionate about driving on the Mumbai-Pune Expressway at a speed of over 100 kilometres per hour.
Fashion and lifestyle retailer Trent on Friday reported a 11.3 per cent on year rise in its consolidated net profit for the second quarter of 2025-26 (Q2FY26). Its revenue from operations rose 15.9 per cent to Rs 4,817.68 crore in Q2 compared to the same period last year.
Almost eight months after Noel Tata stepped down as managing director of Trent, retail arm of the Tata Group, the company said it had appointed Philip Auld as chief executive officer.
The Federation of the Indo-Israeli Chambers of Commerce (FIICC), on August 6, bestowed the 'Businessman of the Decade' honour upon Ratan Tata, who heads the $71-billion Tata empire.
Ratan Tata will step down in December next year after he turns 75.
Shyamal Majumdar on how it was Noel Tata's own choice to stay away from the corner office at Tata Sons.
Prime Minister Narendra Modi, his cabinet colleagues Amit Shah, Nitin Gadkari, Rajnath Singh, chief ministers of Nationalist Democratic Alliance-ruled states and prominent personalities from industry and Bollywood on Thursday attended the grand swearing-in of Devendra Fadnavis as Maharashtra Chief Minister in Mumbai.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
UK-based retail major Tesco Plc on Tuesday filed the first application for setting up multi-brand retail outlets in India.
