Mumbai, June 24 (IANS) Noel Tata has announced that he will step down as chairman of Trent Limited, bringing to a close an association of nearly three decades with the Tata Group’s flagship retail company. The announcement was made during the company’s 47th Annual General Meeting.Addressing shareholders, Tata said that the meeting would be his last as chairman of the company. The veteran business leader, who will turn 70 in November, is set to retire in line with the Tata Group’s governanc…
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New Delhi, June 8 (IANS) Tata Trusts trustees are scheduled to meet on Monday to review presentations on some of Tata Group’s biggest loss-making and long-gestation businesses, including Air India and Tata Digital, according to multiple reports.The meeting assumes significance as it comes days ahead of a crucial Tata Sons board meeting scheduled for June 12, where governance, leadership and capital allocation issues are expected to come under discussion, according to them.In addition, presenta…
Mumbai, May 26 (IANS) A marathon board meeting of Tata Sons held at Bombay House in Mumbai on Tuesday focused extensively on the financial performance, future projections and strategic direction of several loss-making group businesses amid growing engagement between Tata Sons and Tata Trusts.The nearly six-and-a-half-hour meeting, which lasted from 10 a.m. to 4.30 p.m. with a lunch break in between, was described by sources as an “involved interaction” where several group CEOs made detailed …
Mumbai, May 26 (IANS) The board meeting of Tata Sons concluded on Tuesday amid heightened attention on the leadership of the conglomerate and concerns over the financial performance of several group businesses.Directors, including Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the late afternoon after the meeting concluded.N Chandrasekaran did not comment on the discussions or any decisions taken during the meeting while leaving the South Mumbai headqu…
Mumbai, May 26 (IANS) The board meeting of Tata Sons began on Tuesday amid heightened focus on the leadership and financial performance of several loss-making group companies.Members of the Tata Sons board were seen arriving at Bombay House ahead of the meeting.Discussions are likely to centre around the performance of the conglomerate’s loss-making businesses and their future strategy.Moreover, individual companies are expected to make presentations on the state of their operations and the ro…
New Delhi, May 11 (IANS) Tata Trusts Chairman Noel Tata has voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of the Tata Education and Development Trust (TEDT), according to multiple reports.Noel Tata reportedly has cast his vote, a day before the voting window was scheduled to close, confirming the outcome of the process.The reappointments required unanimous approval, which means the opposition effectively ended the possibility of both trustees securing another ter…
New Delhi, May 8 (IANS) The board meetings of Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), the principal shareholders of Tata Sons, have been deferred to May 16 amid legal issues and ongoing deliberations over governance matters, according to sources.The meetings were originally slated for May 8 and were expected to examine the Trusts’ representation on the Tata Sons board, including a possible review of certain nominee directors.According to them, a few trustees who had alread…