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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: The CEO of Tata Trusts, which is the majority owner of India's largest business conglomerate, asked vice-chairmen Venu Srinivasan and Vijay Singh to resign last week, while concealing material information, the two prominent trustees have alleged, precipitating yet another round in what has been a series of infighting bouts at the highprofile public charitable trusts. Trusts CEO Siddharth Sharma asked the two vice-chairmen to step down from the Bai Hirabai JN Tata Navsari Charitable Inst ...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 >
MUMBAI: The power struggle within the Tata Trusts is intensifying. In the latest development, Venu Srinivasan, the senior-most vice-chairman of the trusts and a director on Tata Sons' board, has resigned from the Hirabai Tata Trust. His resignation came within hours of reports that former trustee Mehli Mistry had moved the Charity Commissioner, seeking the ouster of Srinivasan and another vice chairman, Vijay Singh, from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution on the ground ...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 >
New Delhi [India], April 4 (ANI): The Chairman emeritus of TVS Motor, and the Vice Chairman and trustee to seven trusts of the Tata Group, Venu Srinivasan, on Saturday tendered his resignation from Bai Hirabai Charitable Trust (Tata Trust), citing preoccupation with other businesses. Also Read | Will Rising Oil Prices Make Bottled Water More Expensive? Here's What Global Supply Chains Signal. Srinivasan's resignation has come in the backdrop of former trustee Mehli Mistry challenging the eligi ...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 >
Chennai: Sundaram Clayton, a group company of the TVS Group, has withdrawn its decision to relieve P D Dev Kishan as Company Secretary and Compliance Officer and the appointment of M Muthulakshmi as Company Secretary and Compliance Officer."We wish to inform you that subsequent to the above intimation, the Board of Directors, at its meeting held on 30th March 2026, reconsidered the matter, and after detailed deliberations, basis the withdrawal of the resignation by P D Dev Kishan, the Board resc ...Read More >
CHENNAI: Healthcare financing got yet another boost with Galaxy Health Insurance, India's youngest standalone health insurer promoted by TVS Family Venu Srinivasan and the family of industry veteran V Jagannathan, on Monday launching Galaxy Twin 360. The integrated product, to engage health insurance programme for young adults aged 18-45 years, comes with three plans: Core, Max & Ultra, which integrates comprehensive inpatient (IPD) protection, high-value outpatient (OPD) benefits and wellness ...Read More >
CHENNAI: Citi-based Galaxy Health Insurance, India's youngest standalone health insurer founded in October 2024, on Monday announced the launch of its 12th product Galaxy Twin 360 here. It provides insurance coverage for young adults aged 18 to 45 years and also covers family members - spouse and three children. The product has three plans: core, max & ultra, integrating comprehensive inpatient (IPD) protection, high-value outpatient (OPD) benefits and wellness services. Addressing the media af ...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 >
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 >
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 >
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 >
Prime Minister Narendra Modi lauded TVS Motor executives for promoting Kutch's culture through their coffee table book, created after a motorcycling event at Rann Utsav 2025. Modi praised the initiative and invited tourists to explore Kutch's heritage and landscapes New Delhi: Prime Minister Narendra Modi said on Sunday that it was a delight to meet top TVS Motor Company executives, while commending them for chronicling the beauty of Kutch. Venu Srinivasan, Chairman Emeritus, TVS Motor Company, ...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 >
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