N Chandrasekaran's decision not to seek reappointment when his term as chairman of Tata Sons ends in February 2027 signals a significant shift in leadership amidst an ongoing power struggle and governance disputes within the Tata Group.
N Chandrasekaran, chairman of Tata Sons, announced he would not seek reappointment when his term ends in February 2027, following a series of departures by senior figures closely associated with former chairman Ratan Tata, including Vijay Singh and Mehli Mistry, amid a deepening power struggle and governance dispute within the Tata Group.
Six faculty members from IIT Madras have been awarded the prestigious ANRF J C Bose Grant, recognising their outstanding research contributions in engineering and science. The highly competitive grant provides Rs 25 lakh annually for five years to support frontier research.
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
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.
HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
West Bengal Chief Minister Suvendu Adhikari has announced a fresh investigation into the 2024 rape and murder of a doctor at RG Kar Medical College and Hospital. The decision follows a request from the victim's mother, now a BJP MLA, and includes a separate probe into alleged cremation irregularities. Adhikari criticised previous police handling and vowed to ensure justice, despite a CBI investigation having already led to a conviction.
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
'Raghav and I complement each other. He talks to me a lot about form and how he approaches his characters. Our paths are different, but we both are very much aligned emotionally.'
The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.
The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.
Three former AIADMK ministers, Dr C Vijayabaskar, M R Vijayabaskar, and M S M Anandan, along with their supporters, have joined the ruling Tamilaga Vettri Kazhagam (TVK), prompting the DMK to label the move as 'washing machine' politics, referencing allegations of corruption against the defectors.
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.
For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.
Tamil Nadu Minister S Keerthana was unable to take her oath of office as an MLA in the State Assembly because she did not present her Certificate of Election, a necessary document for the oath-taking process.
The top agenda of the meeting includes a review of Tata Trusts representation on the Tata Sons board.
An 85-year-old retired MCD official, declared brain-dead after a severe stroke, became an organ donor, saving multiple lives. His family's compassionate decision highlights the critical need for increased organ donation awareness in India, where deceased donor rates remain low despite high demand for transplants.
A much-anticipated board meeting of the Sir Ratan Tata Trust, intended to reconsider nominations to the board of Tata Sons, was cancelled for unspecified reasons, despite the Bombay High Court declining to stay the meeting.
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.
A crucial Tata Trusts board meeting was unexpectedly postponed, highlighting internal conflicts over veto power, Tata Sons listing, and trustee eligibility, raising concerns about the stability of the $180 billion conglomerate.
C Joseph Vijay was sworn in as the Chief Minister of Tamil Nadu at a gala event attended by prominent personalities including Rahul Gandhi. The swearing-in ceremony saw the presence of Vijay's parents and actress Trisha, while former CMs M K Stalin and Edappadi K Palaniswami were absent.
Before assuming office as the Chief Minister of Tamil Nadu, Vijay submitted his resignation letter from the post of member of the legislative assembly representing the Tiruchirappalli East constituency.
Actor Vijay's political party, TVK, has significantly impacted the Tamil Nadu political landscape in its debut election, challenging established political norms and achieving notable success.
From Mohanlal's commanding act in Company to Dulquer Salmaan's chilling turn in Chup, these Malayalam stars proved they could shine far beyond Mollywood.
Kolkata Knight Riders, owned by the Shah Rukh Khan family and Mehta Group, emerged as the most valuable franchise.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
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.
India finished on top of the ISSF Junior Shooting World Cup in Cairo with a total of 16 medals, including five gold, six silver, and five bronze. Hemant Burman won silver in the men's 50m rifle 3 positions, and Zuhair Khan and Addya Katyal won bronze in the trap mixed team event.
The 80-year-old Srinivasan was appointed CSK chairman in the franchise's board meeting a couple of weeks ago.
This is the time for India to plan forward fully, with the goal of Atmanirbharata, and energy security. The Persian Gulf is no longer a reliable source, points out Rajeev Srinivasan.
The BJP has released its list of candidates for the upcoming Tamil Nadu Assembly elections, with the notable absence of K Annamalai, sparking speculation and discussion within the state's political circles.
Former Indian Olympic Association (IOA) President Narayana Ramachandran has died in Chennai after a prolonged illness at the age of 77. He served as IOA president from 2014 to 2017 and held key positions in international squash federations.
Tata Trusts, which holds a significant stake in Tata Sons, is facing a mandate to immediately comply with Section 30A(2) of the Maharashtra Public Trusts Act, 1950, requiring two of the three life trustees at Sir Ratan Tata Trust to step down to meet the 25 per cent cap on perpetual trustees.
Tata Trusts, which holds a significant stake in Tata Sons, is facing a mandate to immediately comply with Section 30A(2) of the Maharashtra Public Trusts Act, 1950, requiring two of the three life trustees at Sir Ratan Tata Trust to step down to meet the 25 per cent cap on perpetual trustees.
Dr B R Ambedkar's legacy has been honoured repeatedly through India's postal history, with stamps capturing his role as the architect of the Constitution and a champion of social justice.
If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.
V Srinivasan collapsed at his residence in Kozhikode at 12.30 am on Friday.
While the leadership issues may get sorted in the upcoming board meetings of Tata Trusts and Tata Sons, listing of the holding company of the Group on stock exchange should potentially resolve the bigger question on ownership and control
'The AIADMK front comes second, and then the TVK.'
The DMK has announced its candidates for the upcoming Tamil Nadu Assembly elections, setting the stage for key battles with the AIADMK and other parties.
