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MUMBAI: Venu Srinivasan has backed the idea of a public listing of Tata Sons, the first time that a Tata Trusts trustee has publicly supported such a move, saying that the step would be inevitable if the Reserve Bank of India classifies the group holding company as an upper layer non-banking finance company (NBFC), appearing to reflect a widening divergence of opinion at the group's top echelons. Tata Trusts vice chairman Srinivasan told ET that such a move would allow Shapoorji Pallonji (SP) G ...Read More >
Tata Trusts Chairman Noel Tata had last week told CEO Siddharth Sharma to ask Vijay Singh and Venu Srinivasan if they would like to voluntarily step down from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution (BHJTNCI), as they felt that irrespective of the legal opinion and past precedent, it was open to anyone to question the appointments of non- Zoroastrians made to the Trust, a source in the Tata group said. Venu Srinivasan, Chairman Emeritus of TVS Motor, stepped down from the B ...Read More >
Venu Srinivasan quits Bai Hirabai Charitable Trust after eligibility objections, Mehli Mistry seeks probe into alleged irregularities and violations of trustee rule Venu Srinivasan has stepped down from the Bai Hirabai Charitable Trust following objections over his eligibility to serve as a trustee. The trust is one of the smaller entities under the umbrella of Tata Trusts. According to the CNBC-TV18 report the objections were raised by former trustee Mehli Mistry, after which Srinivasan chose ...Read More >
MUMBAI: Amid financial concerns flagged by Tata Trusts chairman Noel Tata regarding Tata Sons' new ventures, the businesses are now estimated to incur a combined loss of Rs 29,000 crore in FY26, sharply higher than an earlier projection of Rs 5,700 crore, according to internal estimates reviewed by TOI.Losses for the first nine months of FY26 have already reached Rs 21,700 crore, compared with Rs 16,550 crore for all of FY25, with Tata Digital, Air India, Tata Electronics, and Tejas Networks acc ...Read More >
Mumbai: Tata Trusts said in an internal note that there is no legal bar on non-Zoroastrians serving as trustees at the Bai Hirabai JN Tata Navsari Charitable Institution, citing a 2000 opinion by former chief justice of India MH Kania. This follows trustee Mehli Mistry questioning the eligibility of Venu Srinivasan and Vijay Singh to be Bai Hirabai trustees because of their faith. In an internal note addressed to Tata Trusts chairman Noel Tata and trustees, Tata Trusts CEO Siddharth Sharma refe ...Read More >
New Delhi, Apr 4 (PTI) Veteran industrialist Venu Srinivasan, a trustee on Tata Trusts, has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, according to sources. Although he cited other business commitments for his resignation from one of the smaller trusts in the Tata Trusts, the development followed a challenge from Mehli Mistry, a former trustee of the Tata Trusts. Comments from Srinivasan and Tata Trusts could not be obtained immediately. Mistry had challenged ...Read More >
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 con ...Read More >
In a major shake-up at the Tata Trusts, Mehli Mistry -- once considered a close confidant of Ratan Tata -- is set to exit the apex charitable bodies after chairman Noel Tata, vice chairman Venu Srinivasan and trustee Vijay Singh declined to approve the renewal of his term, people familiar with the matter said. In a dramatic turn at the Tata Trusts, Mehli Mistry -- once regarded as one of Ratan Tata's closest confidants -- faces potential ouster after chairman Noel Tata, vice chairman Venu Srini ...Read More >
MUMBAI: In an anticipated move, trustees of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) approved reappointment of trustee and vice-chairman Venu Srinivasan for life on Monday, setting aside recent differences over governance issues.The decision follows reappointment of trustee and chairman Noel Tata in Jan 2025, with no limits on his tenure. SDTT and SRTT have a combined 52% stake in Tata Sons.Fellow trustee Mehli Mistry's reappointment is similarly scheduled in the next few da ...Read More >
Bengaluru - A boardroom shake-up in Indian conglomerate Tata Group in early October threatened to destabilise the tea-to-semiconductors business house, prompting the government to intervene. The government was so worried about the situation at the organisation - which accounts for an estimated 4 per cent of India's gross domestic product - that Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met some of Tata's top leaders in a closed-door meeting in Delhi on Oct 7. The unpreced ...Read More >
Mumbai: New Delhi is stepping in to ease the turbulence building up at a critical Mumbai institution, amid mounting concerns that infighting at majority shareholder Tata Trusts could begin to impede the functioning of Tata Sons, India's most valuable business conglomerate. This week, two senior cabinet ministers will meet with four key officials of Tata group in the National Capital to discuss recent developments that have sparked concern. Tata Trusts chairman Noel Tata, vice-chairman Venu Sri ...Read More >
Mumbai: The Economic Offences Wing of Mumbai police has recorded the statement of Shilpa Shetty's husband Raj Kundra in a Rs. 60 crore alleged fraud case. Mumbai Police shared an update in the case and stated: "Investigations are going on against actress Shilpa Shetty and her husband Raj Kundra in an alleged fraud case of Rs. 60 crore. A summon was issued by the Economic Offences Wing of Mumbai Police to Raj Kundra. He was asked to appear before police for the investigation." They further stat ...Read More >
Mandi (Himachal Pradesh) [India], September 16 (ANI): Heavy overnight rain lashed Mandi district in Himachal Pradesh, causing major destruction in Dharampur town. Mandi has been facing continuous rain since Monday night with the bus stand of Dharampur was flooded with water, police said Also Read | Dehradun Cloudburst: Massive Flooding in Karligaad Rivulet After Continuous Rainfall, 1 Missing (Watch Videos). Many buses and vehicles were swept away in the strong flow of water. "Dharampur town ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
Dehradun (Uttarakhand) [India], September 16 (ANI): Heavy rainfall lashed Dehradun district on Monday night, causing the Tamsa river to swell and inundate the Tapkeshwar Mahadev temple, one of the city's most prominent shrines. Water entered the temple courtyard and rose to the statue of Hanuman, though the sanctum sanctorum remained safe. Speaking to ANI, Temple priest Acharya Bipin Joshi said that the river started flowing heavily since morning, and the entire temple premises were submerged. ...Read More >
NEW DELHI: Delhi police has conducted raids and search operations at 25 locations in the capital and Haryana in the wee hours of Monday, arresting six criminals with the recovery of arms, cash, and jewellery, officials said. According to the police, a total of Rs 34.7 lakh and gold jewellery worth over Rs 50 lakh have been recovered from the house of the alleged financer of the Kapil Sangwan alias Nandu gang. The people detained and arrested belong to the Kapil Sangwan, alias Nandu, and Vicky ...Read More >
Raipur (Chhattisgarh) [India], September 16 (ANI): The Chhattisgarh government on Monday approved a significant increase in ex-gratia and gallantry award benefits for soldiers and their families. The families of soldiers who lose their lives in war and military operations will now receive Rs 50 lakh, up from the earlier Rs 20 lakh, while Param Vir Chakra awardees will be entitled to Rs 1 crore instead of Rs 40 lakh. The decisions were taken during the sixth meeting of the Rajya Sainik Board, ch ...Read More >
Nashik (Maharashtra) [India], September 16 (ANI): A private school in Nashik received a bomb threat on Monday. Police and bomb squad found no suspicious objects, confirming the school is safe, Police Inspector Trupti Sonawane said. Speaking to ANI, the police official said that the school received a bomb threat via a fake email address. Also Read | Noel Tata's Proposal To Split Tata Sons' Top Role Stalls Amid Trustee Opposition As They Push for N Chandrasekaran's Third Term. She said, "The In ...Read More >
Cloudburst in Dehradun News: Dehradun experienced cloudbursts in Sahastradhara, leading to swollen rivers and damaged shops. Chief Minister Pushkar Singh Dhami reported rescue operations by police and SDRF. In Rishikesh, the Chandrabhaga river overflowed due to heavy rainfall, flooding the highway and trapping vehicles. SDRF successfully rescued three people stranded in the river, ensuring their safety. The local administration is monitoring the situation. ...Read More >
Mumbai, September 16: Noel Tata, chairman of Tata Trusts, reportedly floated a proposal to split the top leadership role at Tata Sons into separate positions of chairman, CEO and MD, and deputy CEO, aiming to reshape the governance structure of the group's holding company. The plan, however, has stalled after facing resistance from some trustees who remain firm on continuity. Noel's idea suggested that current chairman N Chandrasekaran should transition to a non-executive role when his term ends ...Read More >
MUMBAI: Tata Trusts vice-chairman Vijay Singh attended the board meeting of Tata Sons on Friday, a day after resigning from his directorship. Since he had already resigned, he couldn't vote on any board agenda items but was invited to the meeting by Tata Sons to show appreciation for the contributions he had made to the board, sources said.Singh was a nominee director of Tata Trusts, the force behind Tata Sons, but at Friday's board meeting, he did not hold any special power as a nominee.Unlike ...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 ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): It was a moment straight out of a fan's dream -- and Alia Bhatt was living it. The actress turned heads at the special screening of Umrao Jaan, dressed in a gorgeous saree inspired by one of Rekha's most iconic looks from the 1981 film Silsila. Dressed in a light pink saree, Alia's look was styled by Rhea Kapoor. Also Read | 'Squid Game 3' Full Series Leaked on Tamilrockers, Movierulz & Telegram Channels for Free Download & Watch Online; Is Lee Jung ...Read More >
Mumbai: Tata Sons, the holding company of the $400-billion Tata Group, has sought board approvals to set up a trust that will extend financial support to the families of the victims of the June 12 Air India crash in Ahmedabad. At an interim board meeting Thursday, chairman N Chandrasekaran apprised the board of the proposed trust structure, multiple sources told ET. Approvals have been sought for an estimated Rs 500-crore allocation to the entity, said one of the sources cited above. The holdin ...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 act ...Read More >
MUMBAI: The main owner of Air India, following the devastating flight 171 crash that became the most severe aviation disaster in a decade, will set up a welfare trust for affected families. Tata Sons, which owns about 74% of Air India, intends to allocate Rs 500 crore to the foundation, to be called AI171 Trust.Sources indicate that Tata Trusts, the largest shareholder of Tata Sons, is expected to contribute an equivalent sum. The crash claimed over 250 lives, with 241 passengers on board and 19 ...Read More >
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