The proposed restructuring is aimed at ensuring that the reorganised entity will neither qualify as a Non-Banking Financial Company (NBFC) nor a Core Investment Company (CIC).

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Mumbai, Sep 20 (SocialNews.XYZ) Tata Trusts on Sunday fired a fresh salvo in the ongoing rift with Tata Sons over the issue of the re-appointment of N. Chandrasekaran as the Chairman of the Company, saying there was no deadlock at the board meeting on September 17 and a casting vote cannot revive a stillborn resolution. “The resolution to reappoint Mr N. Chandrasekaran as the Chairman of Tata Sons, considered at the Board meeting on September 17, 2026, was not validly passed and has no legal effect. In the eyes of the law, it is void ab initio,” the statement said.

Mumbai, Sep 17 (SocialNews.XYZ) Tata Trusts Chairman Noel N. Tata, at the Tata Sons Board meeting held on Thursday, reiterated the position that Tata Trusts have not agreed to the listing of Tata Sons and the century-old structure of Tata Sons and the Tata Group should be preserved, according to a trusts statement. Tata Sons has been asked to explore options other than listing as the Tata model has to be saved, the statement said. "That is not sentiment. It is the operating model of this House, and it has stood the test of time for more than a century.

Mumbai, Sep 17 (SocialNews.XYZ) In a dramatic turn of events, the Tata Trusts on Thursday said the resolution to re-appoint N. Chandrasekaran as Chairman of Tata Sons is illegal and his decision not to offer himself for reappointment upon the conclusion of his current tenure on February 20, 2027, has been duly accepted and has attained finality. Reports earlier claimed that Tata Sons' board backed a fresh five-year term for Chandrasekaran and cleared the company's long-pending listing plan. In a statement, Tata Trusts said that on August 12, Chandrasekaran communicated to the Tata Sons Board, "his own decision not to offer himself for reappointment - a decision that was freely taken, clearly expressed and not the outcome of any process of review".

Tata is India's most storied conglomerate

Bengaluru, Aug 2 (SocialNews.XYZ) Declaring that businesses must ultimately serve society and not merely generate wealth, Tata Trusts Chairman, Noel Tata on Sunday spoke about the roadmap for India's largest philanthropic organisation, signalling a strategic intent towards creating enduring assets in healthcare and education in particular, while seeking greater accountability in social spending. In a comprehensive articulation of the Trusts' future direction, Noel Tata speaking at the Indian Institute of Management Bangalore’s flagship alumni leadership conclave IIMBue 2026, stated that the guiding philosophy inherited from the founders of the Tata Group remained unchanged.

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Prime Minister Narendra Modi on Saturday said that Ratan Naval Tata’s absence has been deeply felt not only across the nation but also around the world.