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MUMBAI: Months after his exit, former Sir Ratan Tata Trust (SRTT) trustee Mehli Mistry has challenged the positions of Venu Srinivasan and Vijay Singh on the board of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, arguing they are ineligible under the 1923 deed, which bars non-Zoroastrians and non-Mumbai residents, and has called for an official enquiry.The Bai Hirabai Institution is an associate trust of SRTT, a major shareholder in Tata Sons, which runs the $180 billion Tata conglomerate. It was established under the will of Sir Ratanji Tata, the second son of Tata Group founder Jamsetji Tata, who bequeathed properties in Navsari, Gujarat -- the Tata family's ancestral home -- to the institution. The real estate was intended for the Parsi community's use, serving as a recreation ground, nursing home, or hospital.In his objection application filed with the Maharashtra charity commissioner on Friday, Mistry said that given the alleged "illegalities" in the institution's governance, an administrator should be appointed to replace the current board of trustees, which includes Noel Tata, Jimmy Tata, Jehangir Jehangir, and Darius Khambata. His trusteeship at the institution was not renewed last year following a vote by Noel, Srinivasan, and Singh against it. All six of these individuals also serve on the board of SRTT, where his term was likewise not extended. Mistry cited clauses 6 and 18 of the 1923 deed, saying: "No person who is not of Zoroastrian faith shall be appointed as a trustee, and if any trustee ceases to profess the Zoroastrian faith, he shall cease to be a trustee, as if he were 'dead'. Similarly, any person who ceases to be a permanent resident of the Bombay Presidency shall also cease to be a trustee."He contended that Srinivasan, chairman emeritus of TVS Motor, and Singh, a former defence secretary, have "never been, and cannot be, of Parsi Zoroastrian faith" and do not have any permanent residence in Mumbai. Both never met the two clauses and are "expressly disqualified from acting as trustees."Mistry, a Parsi Zoroastrian with a permanent residence in Mumbai, said all trustees should submit affidavits confirming they meet the qualifications under clauses 6 and 18, ensuring strict compliance with the trust deed. He urged the commissioner to "initiate a detailed inquiry...by calling for an affidavit from each applicant."Mistry asserted that Srinivasan and Singh's appointments are void from inception, and any actions they took as trustees including their votes against his trusteeship extension are non est in law and without authority. His Friday objection follows the Bai Hirabai Institution's submission of a change report to the commissioner, reflecting the revised board composition after his trusteeship extension was rejected. Mistry said his tenure was not renewed "without assigning any reason" and argued that the change report is not maintainable, as it is contrary to the trust deed.According to him, if the unqualified trustees are excluded, the total number of trustees would fall below the minimum of five required under the trust deed. He further submitted that "no meetings have been conducted" at the Bai Hirabai Institution "over the past two years, with no regard for the consequences for the beneficiaries of the trust or its legacy of public and charitable works." He asked the commissioner to call for minutes of all meetings held during this period and to inspect all records.Mistry clarified that his objective is solely to expose the alleged illegal functioning of the institution and is not aimed at seeking his reinstatement. Mistry said his move is motivated by a commitment to uphold the principles of Sir Ratanji Tata's will, honour the legacy of predecessors, and safeguard the institution's charitable mandate entrusted to him by former chairman Ratan Tata for the welfare of the Parsi community. Noel and Srinivasan did not respond to an emailed query, while Singh declined to comment.
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and loved ones." He also paid homage to the late Ratan Tata, saying, "We bid farewell to Mr. Ratan Tata las ...Read More >
MUMBAI, July 15 (Reuters) - Citibank India expects a strong year for its equity capital market business as initial public offerings (IPOs) pick up after a slow start in 2025, the Wall Street bank's India country head said. "Capital raising on the equity capital market side remains a big opportunity with a very strong pipeline and quite a few billion-dollar IPOs in that," K Balasubramanian, who leads the business in the Indian subcontinent, said in an interview in Mumbai late on Monday. Citibank ...Read More >
New Delhi: The 'Desh Gorte July Padayatra', or the 'July Walkathon for Nation Building', organised by Bangladesh's unregistered National Citizen Party (NCP) on the first anniversary of the violent July uprising that ultimately led to former Prime Minister Sheikh Hasina's unceremonious exit from power in August 2024, was a desperate attempt to gain public sympathy and restore efforts to make inroads into Gopalganj, long considered as a 'fortress' of the Awami League (AL). Formed by student leaders who led the July 2024 uprising, the NCP, or the Jatiya Nagorik Party (NJP) as it is known in Beng ...Read More >
Meet Venkata Datta, Hyderabad techie, who is set to marry badminton star PV Sindhu The KYC Bubble: How digital ID's could trigger a global collapse 5 reasons why Allu Arjun will become biggest pan-India star with Pushpa 2: The Rule This is world's weirdest hotel where guests stay to get insulted, pay Rs 20000 room rent, it is located in... Vikrant Massey breaks silence on his 'retirement' announcement, says his post was misread: 'I'm not...' After breakup with Arjun Kapoor, Malaika Arora does 'Nain Matakka' with another actor, netizens react Naga Chaitanya-Sobhita Dhulipala wedding: Allu ...Read More >
New Delhi [India], February 7 (ANI): The Delhi High Court on Friday ruled against the use of logos and images related to Ratan Tata and Tata Trusts, acknowledging that Tata is a well-known trademark and that the late Ratan Tata is a prominent figure deserving of name protection. Justice Mini Pushkarna's bench, while hearing a lawsuit filed by the Sir Ratan Tata Trust and Tata Sons Pvt Ltd issued an injunction against Rajat Srivastava, who had been planning to organize an award ceremony named the 'Ratan Tata Icon Award.' Also Read | Rahul Gandhi Claims More Voters in Maharashtra Than Total Ad ...Read More >
Amritsar: BJP MP Nishikant Dubey from Jharkhand has claimed that Britain assisted India in executing the 1984 Operation Bluestar at the Golden Temple in Amritsar, stoking a new controversy.In a post on X on Monday, Dubey alleged that then PM Indira Gandhi "launched an attack on the Golden Temple in collaboration with Britain", with British Army officers present in Amritsar.He uploaded a classified British document, "Sikh Community", claiming that on Feb 23, 1984, the UK Foreign and Commonwealth Office mentioned in a letter that the Indian govt had sought British advice over a plan to remove Si ...Read More >
Jamshedpur, July 2: Tata Steel held its 118th Annual General Meeting (AGM) on July 2, where the company's Chairman addressed shareholders with a comprehensive overview of the company's performance, challenges, and strategic direction. The meeting opened on a solemn note, acknowledging recent losses within the Tata Group and paying tribute to significant figures whose contributions shaped the company. "There is a lot to talk about today," said the Chairman. "But I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost th ...Read More >
New Delhi [India], July 2 (ANI): In FY 2025, Global Capability Centres (GCCs) in India showed a clear preference for larger office spaces despite a slight decline in the number of overall transactions. The number of GCC transactions fell by 4 per cent to 305, but the total leased office area grew significantly according to a report by real estate services firm Vestian. Large transactions -- defined as deals above 1 lakh square feet -- increased by 44 per cent, rising from 15.8 million sq ft in FY 2024 to 22.8 million sq ft in FY 2025. This trend suggests that GCCs are focusing on long-term g ...Read More >
New Delhi [India], July 4 (ANI): Air India on Friday denied allegations of coercing families of victims of the AI-171 accident into signing documents about their financial dependency on the deceased to reduce compensation payouts. In a detailed statement, the airline called the claims 'unsubstantiated and inaccurate.' The controversy surfaced following reports that some of the bereaved families were being compelled to disclose financial ties to their deceased loved ones--allegedly as a prerequisite for receiving compensation. However, the airlines clarified that the request for such informa ...Read More >
Tata Power is transitioning from a pure-play solar and wind company to become a force in the hybrid renewable energy market and is also ready to take part in nuclear power development in future, Chairman N Chandrasekaran said on Friday. He was addressing shareholders at the company's 106th Annual General Meeting (AGM). Sharing the future plans of the company, Chandrasekaran said, "The company is transitioning from being a pure-play solar and wind company to being a force in the hybrid renewable ...Read More >
Kolkata: Tata Sons chairman Natarajan Chandrasekharan met West Bengal chief minister and Trinamul Congress supremo Mamata Banerjee at the state secretariat Nabanna on Wednesday. They had an hour-long meeting on the investment opportunities in the state. State chief secretary Manoj Pant and CII director general Chandrajit Banerjee were also present in the meeting. Later TMC posted on X-handle, "Smt. @MamataOfficial hosted Shri Natarajan Chandrasekaran, Chairman of Tata Sons and the Tata Group, for a constructive dialogue on Bengal's industrial growth and emerging opportunities." It said, "The ...Read More >
Pune: The Indian Gig Workers' Front on Saturday evening suspended the ongoing strike of cabs and autorickshaws operating on applications till Tuesday, after leaving many commuters, including those arriving at the airport on Saturday morning, hassled. Keshav Kshirsagar, the president of the front, said, "We have a meeting on Tuesday with senior officials of the state transport department. If its decisions don't meet our expectations, the strike will resume." Several commuters had a harrowing experience on roads on Friday and in the early hours of Saturday. Cabs and autos were hard to come by. T ...Read More >
Srinagar, Jun 7 (PTI) Authorities on Saturday barred Eid prayers from taking place at the Eidgah ground and the Jama Masjid in the old city here, while Hurriyat Conference chairman Mirwaiz Umar Farooq claimed that he was put under house arrest. "Anjuman Auqaf Jama Masjid Srinagar deeply regrets to inform that the authorities have once again disallowed Eid-ul-Adha prayers at the Eidgah as well as at the historic Jama Masjid in Srinagar by closing the gates of the mosque and deploying police personnel outside," the management of the historic mosque said in a statement. ...Read More >
New Delhi: Alleging "blatant misuse" of agencies to defame its leaders, AAP on Thursday questioned why the first information report filed against former Delhi ministers Saurabh Bharadwaj and Satyendar Jain was being kept under wraps and "selective" press notes were being leaked to the media.Bharadwaj, who is Delhi AAP convener, alleged that only two former ministers were named in the case without any reasonable cause while all the officers of the health and public works departments, who were actually responsible for executing the hospital projects, were spared. "Is the FIR so baseless that BJP ...Read More >
New Delhi, Jul 2 (PTI) Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). Also Read | Iran's President Masoud Pezeshkian Approves Law to Suspend Cooperation With IAEA Following Israel, US Strikes. "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasek ...Read More >
New Delhi, Jul 7 (PTI) The Tata Group is focusing on enhancing safety across companies as it has become a "top priority" and is aware that it needs to do more on the issue as it goes ahead with its expansion plans, Tata Sons Chairman N Chandrasekaran said on Monday. He was responding to a shareholders' query regarding safety measures undertaken in the aftermath of the Air India crash and how to avoid such tragedies in other Tata Group firms, while addressing the Annual General Meeting of the Ind ...Read More >
New Delhi, Jul 13 (PTI) Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd nearly quadrupled its donations to the ruling Bharatiya Janata Party (BJP), contributing Rs 97 crore in the fiscal year ending March 2025, according to its latest annual report. Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources Plc. Also Read | Kota Srinivasa Rao Dies at 83: Andhra Pradesh CM Chandrababu Naidu Condoles Demise of Veteran Actor, Says 'He Will Forever Stay Etched in Heart ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family has not yet agreed to clemency or blood money. As a last-ditch effort to save her, Kanthapuram A. ...Read More >
New Delhi: Tata Group-backed Indian Hotels Company (IHCL) on Thursday reported consolidated revenue of ₹2,102 crore for the quarter ended June 30, up 32% year-on-year (YoY). Profit after tax jumped 19% YoY to ₹296 crore. IHCL MD and CEO Puneet Chhatwal said despite geopolitical challenges, flight disruptions, and booking cancellations, Q1FY26 marked the thirteenth consecutive quarter of "record performance" for the chain. "In line with our guidance, the company reported double-digit growth in consolidated revenue. The hotel segment's revenue at '1,814 crore, grew by 14%, leading to a strong ...Read More >
Tata Sons, the holding company of the Tata conglomerate, announced on July 18 that the trust set up for assistance to and welfare of the families of the recent Air India plane crash victims has been formalised and its registration completed. The public charitable trust will be known as 'The AI-171 Memorial and Welfare Trust'. Tata Sons and Tata Trusts have jointly pledged a contribution of Rs 500 crore for the purpose, with each committing Rs 250 crore. Funding for the Trust will commence once ...Read More >
Bareilly (UP), Jul 17 (PTI) A teacher from Bahedi district, who went viral recently after reciting a poem mentioning Kanwar Yatra, approached the police on Thursday stating a threat to his life from anti-social elements. A case has been registered at Bahedi police station based on a complaint from Dr Rajneesh Kumar Gangwar, a teacher at MGM Inter College in the district. According to Circle Officer Arun Kumar Singh, Gangwar's complaint says that ever since his recitation of the poem 'Tum Kanwad Lene Mat Jana, Gyaan Ka Deepak Jalaana' (You don't go get Kavad, light the lamp of knowledge inste ...Read More >
Kolkata: Tata Group & Tata Sons chairman N Chandrasekaran met chief minister Mamata Banerjee at state secretariat, Nabanna, to discus key matters, including potential investments in West Bengal. This meeting follows Mamata Banerjee's Singur movement, after which the Tatas pulled the Nano project out of Bengal in 2008. Chief Secretary Manoj Pant was also present at the meeting today. Chandrasekaran's visit comes a day after the Bengal government announced plans to host a 'Business & Industry Conclave' in Kolkata after Durga Puja. "There was discussion on several important issues. It would b ...Read More >
Mumbai: Tata Sons and Tata Trusts on Friday announced the formation of a Rs 500 crore welfare trust for the victims of the Air India plane crash in Ahmedabad on June 12. Tata Sons and Tata Trusts committed to contributing Rs 250 crore each to the trust. All but one of the 242 people on board the London Gatwick-bound AI-171 flight died as the Boeing 787 Dreamliner aircraft crashlanded into a medical college hostel building, close to the Sardar Vallabhbhai International Airport, just 32 seconds after take-off. The final toll rose to 260 as 19 persons lost their lives on ground. 'The AI-171 Me ...Read More >
New Delhi, Jul 18 (PTI) Tata Group on Friday announced setting up a Rs 500-crore trust - The AI-171 Memorial and Welfare Trust - for the victims of the Air India plane crash that killed 260 people in Ahmedabad last month. Tata Sons and Tata Trusts have committed Rs 250 crore each to the Trust, which has been registered as a public charitable trust in Mumbai. "The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident," Tata Sons said in a sta ...Read More >
Kerala Lottery Result SAMRUDHI SM 12 Results Live: The first winner of today's lottery game- SAMRUDHI SM 12 lottery- takes home Rs 1 crore as a cash prize. The Kerala lottery is one of the most trusted games in the country. Kerala Lottery Result Sunday 20-07-2025: The Kerala lottery is back with another fun game- that may lead you to win Rs 1 crore! The results for today's Kerala lottery games- SAMRUDHI SM 12 Sunday- are announced. The Kerala lottery results are announced here, so people with tickets for today's game can stay in touch with this live blog. Samrudhi Lottery Series: MN, MO, MP, ...Read More >
New Delhi [India], June 5 (ANI): Air India announced on Thursday that it has added more flights to Bangkok, Colombo, and Kathmandu to meet the growing passenger demand. Effective July 7, 2025, Air India will add a sixth daily flight between Delhi and Kathmandu, increasing frequency from 35x weekly to 42x weekly. Air India will add a second daily flight between Delhi and Colombo, doubling the route's frequency from 7x weekly to 14x weekly. The Tata Group airline will add a third daily flight between Mumbai and Bangkok, increasing frequency from 13x weekly to 18x weekly. Air India said in a ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, a minijet boat, a luxury car, and two residential properties in Spain. The ED's probe was launched ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
Mumbai: Tata Sons chairman N Chandrasekaran briefed the board of Tata Trusts about the conglomerate's performance and plans in a closed-door meeting at Bombay House on Tuesday, in what long-time group watchers said was a notable departure from precedent. Present at the meeting were Noel Tata, Mehli Mistry, Venu Srinivasan, Pramit Jhaveri, Darius Khambata, Vijay Singh and Jehangir C Jehangir. The move to update the entire board of trustees had been initiated by the chairman, people aware of the matter said. According to group insiders, a Tata Sons chairman never directly briefed the Trusts bo ...Read More >
A young woman named Oleti Pushpa (22) was killed by her live-in partner Sheikh Shamma (22) in the Ambedkar Konaseema region of Andhra Pradesh, reported India Today. She was living with Sheikh for the past 6 months after she separated from her spouse. The incident took place in Siddhartha Nagar, B Savaram village of Rajolu mandal on 16th July. Shamma reportedly accused Pushpa of having affairs with other men. He forced her to engage in prostitution and frequently instigated fights with her when intoxicated. As per police, Shamma was addicted to ganja. On the fateful night, he against pressuri ...Read More >