TATA SONS
Insider tracking: Who are the two "co-conspirators" in the Adani probe?
A key question that emerges out of the 52-page indictment order against eight individuals including the Adanis, is who are the two unnamed ¡°co-conspirators¡±, whose role is vividly described. Their identities as per a footnote in the court papers, are known only to the Grand Jury, and have never once been disclosed in the 5-count indictment.
Executors of Ratan Tata's will start on shortlist for NGO boards
Following the passing of Ratan Tata, executors of his will have initiated the process of appointing members to the boards of his philanthropic organizations. Tata's will designates a significant portion of his assets to the Ratan Tata Endowment Foundation and Ratan Tata Endowment Trust, ensuring the continuation of his charitable endeavors.
Air India-Vistara merger a step towards creating a world-class airline: Tata Sons Chairman N Chandrasekaran
Tata Sons chairman announced the merger of Air India and Vistara. The merger aims to create a strong full-service airline. The combined entity will leverage synergies and efficiencies. The merger process will involve integrating different cultures and systems. Initial challenges are expected, but the long-term goal is to establish a world-class airline.
Tata clarifies on creating holding company to park Tata Motors' demerged businesses
Tata Motors clarified that its demerger into separate passenger and commercial vehicle businesses will not involve creating a holding company, as previously reported. The company emphasized that the demerger process, already underway and approved by the NCLT, involves dividing the company into two listed entities, ensuring focused strategies and enhanced agility for each business.
Holdco to house Tata Motors' demerged CV, PV businesses
Tata Sons is restructuring Tata Motors by creating a holding company for its passenger and commercial vehicle businesses, which will be demerged into separate entities. This move aims to unlock value and enable independent capital raising for each business, with a potential listing of the electric passenger vehicle arm in the future.
SP Group aims to repay Rs 7,300 cr to Debenture Holders
Shapoorji Pallonji Group entity Goswami Infratech is set to repay ?7,300 crore to debenture holders this week, halving its outstanding debt from a ?14,300 crore issuance in May 2023. The repayment will be funded by proceeds from the recent IPO of Afcons and the sale of Gopalpur Ports to the Adani group.
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Tatas said to choose Singapore as key partner for semiconductor play
Tata Sons has chosen Singapore as a key partner for its semiconductor plans. Singapore, a major player in the semiconductor industry, will collaborate with Tata Sons on this venture. Tata Sons has significant investments planned for semiconductor manufacturing in India.
Cyrus Mistry was trying to break Tata Group? Ratan Tata's biography sheds light
Ratan Tata supported Cyrus Mistry as his successor but later had concerns. Some Tata veterans believed Mistry might break up the Tata group. Tata's silence on these concerns was significant. Mistry's replacement was due to ethical, moral, and performance issues. Tata wanted Mistry to separate from the SP Group, but he did not.
Noel joins board of Tata Sons; first Tata family member since 2011 to serve on both boards at once
Noel Tata, newly appointed chairman of Tata Trusts, has joined the board of Tata Sons as a nominee director. This marks the first time since 2011 that a Tata family member holds positions on both boards concurrently. Tata Trusts, with its 66% stake, is the largest shareholder in Tata Sons, the holding company of the Tata Group.
Tata Trusts plans to trim cost flab with fitter management; several roles to be done away with
Tata Trusts is undergoing restructuring to streamline expenses by eliminating CFO and COO roles, reducing external consultants, and focusing on core philanthropic missions. The move aims to cut administrative costs following an internal audit and financial review, emphasising efficient governance and resource allocation.
Ratan Tata felt Noel needed more exposure, experience to succeed him as Tata Sons Chairman: Book
Ratan Tata believed his half-brother Noel Tata required more experience to succeed him as Tata Sons Chairman. Despite Noel's potential, Ratan distanced himself from the selection committee. He later expressed regret over this choice. Ultimately, Cyrus Mistry was appointed as Ratan Tata's successor in December 2012.
Ratan Tata had second thoughts about Mistry's suitability as Tata Sons chairman designate, says book
Ratan Tata began doubting Cyrus Mistry's suitability as chairman-designate of Tata Sons by the end of their one-year apprenticeship, leading to Mistry's controversial sacking in 2016. The decision, influenced by concerns over Mistry's ethos and alignment with Tata values, deeply affected Tata.
Noel Tata and N Chandrasekaran establish ¡®healthy working relationship¡¯ in first meeting, talk routine biz
Noel Tata, the new Tata Trusts chairman, meets Tata Sons chairman N Chandrasekaran and Prime Minister Narendra Modi, signaling efforts to build relationships. Meanwhile, Tata Trusts appoint Noel as permanent trustee, maintaining continuity with key trustees managing the philanthropic entities controlling the Tata Group.
Tata Sons IPO coming next year? Tata Chemicals shares rally 14% in anticipation
RBI has rejected Tata Group's request to exempt Tata Sons from mandatory stock listing. Tata Sons must list by September 2025. Tata Group attempted to reduce its debt to avoid classification as an upper-layer NBFC. Tata Chemicals' shares rose 14%, benefiting from the potential value unlocking if Tata Sons proceeds with an IPO.
Tata Trusts board meets to discuss appointment of third representative to Tata Sons; Noel Tata expected to join
Tata Trusts own 66% of Tata Sons of which Sir Ratan Tata Trust and Sir Dorabji Tata Trust are primary Trusts. The Articles of Association allows the Tata Trusts to nominate one-third of the directors of Tata Sons.
Ratan Tata was one of globalization's giants
Ratan Tata passed away on October 7. He transformed Tata Group into a global giant, overseeing acquisitions like Jaguar Land Rover and innovations like the Tata Nano. His leadership helped Tata Group grow its worth from $4 billion to $400 billion. His legacy influences India's vision of itself as a global economic player.
Noel Tata weighs leadership options in Tata companies amid new trust role
Noel Tata, the new chairman of Tata Trusts, is considering his continuation as chairman in other Tata group firms following the death of Ratan Tata. Holding non-executive roles at Trent, Voltas, and other companies, he faces no legal restrictions. His leadership has driven significant growth in these entities.
With Noel Tata at the helm, Mistry's eye potential monetization of Tata Sons stake
Noel Tata¡¯s appointment as chairman of Tata Trusts is likely to ease tensions with Shapoorji Pallonji Group. This could allow SP Group to consider partial monetisation of its 18.4% stake in Tata Sons. Improved relations may help reduce SP Group's debt through asset divestment and other financial strategies, benefiting both sides.
What Ratan Tata¡¯s successor, Noel Tata said after taking the reins
Noel Tata has been appointed chairman of Tata Trusts, succeeding his half-brother Ratan Tata, and aims to continue the group's philanthropic legacy. At 67, he now holds indirect control over the $165 billion Tata conglomerate, which includes major brands like Jaguar Land Rover and Tata Consultancy Services. While Tata Trusts owns 66% of Tata Sons and influences key decisions, it does not manage operations directly.
Noel Tata has a store of experience to build own legacy
Noel Tata, new chairman of Tata Trusts, is known for his low profile and strategic vision. He has successfully led Trent's growth and has been pivotal in maintaining Tata Group values. His leadership is expected to enhance Tata philanthropy and improve relations with the Mistry family.
Who is Noel Tata, Ratan Tata's successor and what his leadership could mean for $165-billion Tata Group
Noel Tata, son of Naval H. Tata and Simone Tata, has been named as the chairman of Tata Trusts, the philanthropic arm of the Tata Group, following Ratan Tata's passing. With extensive experience in various Tata companies and a longstanding connection to the founding family, Noel's leadership is seen as crucial for the Trusts and the larger Tata Group. His appointment would maintain Parsi leadership at the Trusts and ensure continuity in the governance of Tata¡¯s philanthropic initiatives.
Noel Tata likely to be next chairman of Tata Trusts, Mehli Mistry in line for key role too
Tata Trusts is holding a key meeting on Friday to nominate a successor to the late Ratan Tata, with Noel Tata, his stepbrother, as the leading candidate to head the trusts. Mehli Mistry, a close confidante of Ratan Tata and a trustee for the main Tata charities, is also likely to secure an important position.
Who is Mehli Mistry, Cyrus' estranged brother, likely to get a key position in Tata Trusts
Mehli Mistry is a strong supporter of Ratan Tata and a board trustee. He is expected to get a key position in Tata Trusts. Along with Noel Tata and others, he will oversee Tata Trusts' operations. The succession plan is crucial as Tata Trusts holds 52% in Tata Sons, the parent of Tata Group.
Tata Group's remarkable revenue journey from $4 billion to $100 billion under Ratan Tata
The Tata Group rose from $4 billion to $100 billion in revenue under Ratan Tata's leadership from 1991 to 2012. Through innovations, strategic divestments, international expansions, and improved corporate governance, Tata revamped the conglomerate, making significant acquisitions and entering new sectors. By his retirement, over 60% of revenue came from international operations.
How Ratan Tata strategically used retirement policies to consolidate power, modernise Tata Group
Ratan Tata strategically used retirement policies to reshape Tata Group. He enforced a retirement age for directors, leading several senior leaders to step down. This move allowed him to consolidate authority and implement further strategic changes within the conglomerate, ultimately strengthening his control over the Tata empire.
Journey of wealth creation over two decades: House that Ratan Tata built into a powerhouse
Ratan Tata, chairman emeritus of Tata Sons, died on Wednesday. He leaves behind a legacy that spans more than 150 years. As the successor, Ratan Tata played a key role in transforming the conglomerate.
Shapoorji Mistry pays tribute to Ratan Tata: A legacy of leadership
Shapoorji Mistry, Chairman of the Shapoorji Pallonji Group, which holds an 18.3% stake in Tata Sons, expressed condolences on the passing of Ratan Tata, acknowledging the long-standing relationship between the Mistry family and the Tata Group. He described Tata as a leader who significantly influenced the group's evolution.
Battle of ethics: Why Ratan Tata led the ouster of his handpicked Tata Sons successor, Cyrus Mistry
Ratan Tata's appointment as the successor to JRD Tata at Tata Sons in 1991 received strong backing from Pallonji Mistry. Their relationship evolved into a personal one with Pallonji¡¯s daughter marrying Tata's half-brother. Conflict arose when Cyrus Mistry, Pallonji¡¯s son, was removed as chairman in 2016, leading to legal battles and eventual fractures between the families.
Tata Sons-Docomo deal being heard by AA over tax demand of Rs 1,500
The GST department's Adjudicating Authority is hearing a case involving a Rs 1,500 crore GST demand on Tata Sons over the Tata-Docomo deal. The dispute centers on whether GST applies to payments made as part of an arbitration settlement. Tata Sons has challenged the claim, citing a CBIC circular that exempts such payments from GST.
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