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.
Noel Tata -- the half-brother of late Rata Tata -- who takes over as chairman of Tata Trusts, has been with the Tata Group for over four decades, slowly rising through the ranks in the salt-to-software conglomerate. Having functioned mostly under the shadows of his illustrious half-brother, Noel (67) will now have the responsibility of leading the Tata Trusts -- broadly comprising Sir Ratan Tata Trust & Allied Trusts, and Sir Dorabji Tata Trust & Allied Trusts -- that hold a controlling 66 per cent stake in Tata Sons, the holding and promoter firm of Tata Group companies.
Noel Tata, who had built Trent into a Rs 1,000-crore company and launched a slew of brands in India such as Sisley and Zara, is now considering launching global brands from Tata International, the exports and trading arm of the Tata Group.
A half-brother of Ratan Tata, Noel will step down as the MD of the group's retail venture, Trent Ltd
Will it be Noel Tata, Ratan Tata's half brother?
The Commonwealth champion tied with GM Alexander Fominyh of Russia but won the crown on a better progressive score.
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
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.
Footwear brand Tashi creates a buzz with teaser ads.
Noel was heading Trent, the retailing arm of Tatas, before joining Tata International.
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.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
He is acknowledged as the person behind transforming Tata Steel into the world's 11th largest steel-maker.
Listed cos begin appointing women directors
The Tata Group's agreement with one of the largest conglomerates in Bangladesh, the Nitol Niloy group, to make footwear and bicycles is likely to bear fruit soon.
Noel, Ratan Tata's half-brother and Mistry's brother-in-law, was a contender for the top position when Mistry was chosen as chairman in 2011.
"Noel Tata has taken over as chairman of Drive India Enterprise Solutions Limited (DIESL), signifying the growing importance that the Tata group has placed on logistics," the group's supply chain provider said on Wednesday.
We need to first give priority to some other important issues such as affirmative action, skill development, growth of manufacturing and getting the mega projects off the ground, says Muthuraman.
Responsible for many foreign tie-ups, strategic rollouts and acquisitions, Noel Tata is now giving Tata International, the trading arm of the conglomerate, a retail twist.
Started in 2008, Tata ISES also has affiliations with the University of California, Berkeley, USA, and the University of Cambridge, UK for similar programmes.
The CII delegation includes many eminent names.
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.
A goal in each half gave them a 2-0 victory over Uzbekistan in the final.
Tata Consultancy Services has divested its 40 per cent stake in business process outsourcing firm Sitel India to US-based Sitel Corporation for $17.732 million.
The Indians shared the lead with three other GMs at the end of the fourth round in the Tata Chess championship.
Unheralded Vinod Bhagwat beat British Open champion Abhijit Kunte in the third round.
Uzbekistan Grandmasters Saidali Iuldashev and Dzhumaev Marat have joined him on 7.5 points.
A 4-0 victory gave Iran their first victory in three matches in the JRD Tata football tournament.
The Commonwealth champion's winning streak was halted by International Master Tahir Vakhidov of Uzbekistan in the Tata Open Chess tournament.\n\n
The Tisco GM beat compatriot Pendyala Harikrishna in the sixth round of the Tata International Chess tournament.
Jharkhand's Pritam Singh beat the GM as unfancied players ruled the roost on second day of the Tata International chess championship.
Defender H R Mondal's goal enabled the Indian side earn a 1-1 draw in the JRD Tata international football tournament.
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