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Keeping Tata Sons unlisted: what the Trusts' restructuring plan means
Business

Tata Trusts Propose Merger of TESS, TCE With Tata Sons to...

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Merged entity would earn 64.3% of income from operations, falling outside NBFC and CIC criteria, Trusts say Tata Trusts, which hold a 66 per cent...
With Tata Sons treating the reappointment as valid and Tata Trusts rejecting it, the dispute is expected to move to the AGM and could face legal scrutiny
Business

Much-awaited battle at Tata begins: Tata Sons reappoints Chandrasekaran, but Noel...

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Tata leadership battle erupts At last, the much-awaited battle in Tatas has started. Tata Sons' board on Thursday voted to reappoint N Chandrasekaran as executive...
TRUSTEE RULES SPARK CONTROVERSY
Business

Maharashtra official halts Tata Trusts board meeting over trustee composition row

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Maharashtra charity commissioner intervenes Authorities directed Tata Trusts to defer the scheduled board meeting pending an inquiry A major development has emerged around Tata Trusts after...
Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman met Tata Group leaders Noel Tata and N Chandrasekaran amid escalating internal disputes within Tata Trusts over control, governance, and board appointments
Business

Infighting in Tata Group: Home Minister Amit Shah intervenes; Finance Minister...

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Government mediates boardroom battle between Tata Sons and Tata Trusts The government intervenes in the ongoing tussle in the Tata Group and Tata Trusts, and...
The Income Tax Appellate Tribunal goofs up and withdraws its orders against Cyrus Mistry in the Tata Trustees’ tax frauds
Business

Cyrus Mistry blasts Income Tax Tribunal and Ratan Tata controlled Tata...

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ITAT volte-face Industrialist Cyrus Mistry came down heavily on the dubious order of Mumbai Bench of Income Tax Tribunal which later rectified its orders against...
Another questionable decision by the Finance Ministry in allowing Tax exemption to Tata Trusts for an
Business

Public Accounts Committee blames Finance Ministry for tax exemptions given to...

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Parliament’s Public Accounts Committee (PAC) severely criticised the Finance Ministry for providing “undesirable” Income Tax exemption, that too pre-dated, to Tata Trusts for donating...

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