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 …
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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 16 (IANS) The Maharashtra State Charity Commissioner has directed Tata Trusts to defer a key board meeting scheduled for Saturday, following complaints alleging violations in the composition of the board of trustees of Sir Ratan Tata Trust (SRTT).In a statement, Tata Trusts said the order was ex parte in nature and clarified that it applies only to SRTT.“The directions received from the Office of Charity Commissioner are being examined by the Sir Ratan Tata Trust,” the stateme…
Ahmedabad, May 13 (IANS) Family members of victims of the Air India AI-171 crash in Ahmedabad have demanded that the final investigation report be “fair” and that the Black Box and raw flight data be shared transparently with relatives.They also said the investigation should not attribute responsibility solely to the pilots without fully disclosing the technical findings, while speaking at a gathering in Ahmedabad ahead of the first anniversary of the tragedy.The London-bound Air India Boein…
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…
Mumbai, April 16 (IANS) Singapore Airlines CEO Goh Choon Phong is likely to meet senior executives of the Tata Group on Thursday at Bombay House in Mumbai, with discussions expected to focus on the financial and operational challenges facing Air India.Goh is reported to have arrived in Mumbai earlier in the day and is expected to hold detailed talks with Tata Group leadership on the airline’s ongoing turnaround efforts.According to sources, he is also likely to meet Tata Sons Chairman Nataraja…
New Delhi, April 10 (IANS) Tata Sons chairman N. Chandrasekaran told Air India staff on Friday that the airline is facing a challenging period and urged employees to focus on execution and cost discipline.“While our future is bright and we have laid a solid foundation for our ambition, we are going through a challenging time,” Chandrasekaran said, adding that the key “is staying focused on execution.””Our focus should be on what is within our control, where we can improve, be precise on cost…
New Delhi, March 3 (IANS) Natarajan Chandrasekaran, Chairman of Tata Sons, on Tuesday expressed concern over the ongoing conflict involving the US, Israel and Iran, warning that a prolonged war in the Middle East could create wider global challenges. However, he clarified that there has been no direct impact on India or the Tata Group so far.Chandrasekaran was speaking to the media during his visit to Jamshedpur on the occasion of the 187th birth anniversary of Jamsetji Tata, founder of the Tata…