Intentar ORO - Gratis
Vijay Singh’s forced exit at Tata Sons bares a deep divide at Tata Trusts
Mint Mumbai
|September 24, 2025
Trusts hold the remaining 14.38%.
-
The dispute, which began after Ratan Tata’s death last October, centres on what the four trustees of the Tata Trusts call a lack of transparency.
The vote to remove Singh from Tata Sons followed a discussion on the sixth and last resolution tabled at the meeting: “To discuss matters related to Trusts’ representation on the Tata Sons’ Board.”
Earlier, Tata Trusts did not have a mandatory retirement age for its nominees on the Tata Sons board. That changed last year—at a board meeting of the Tata Trusts on 17 October last year, the trustees agreed to review the performance of representatives who are over 75 years old. Therefore, Singh’s performance, as a 77-year-old nominee, was slated for discussion.
Four trustees, including Khambata, Jhaveri, Mistry and Jehangir, believe there are now two types of Tata Trustees. Some are privy to the decisions made by Tata Sons; others are not.
Divisions have existed since October 2024, according to Jhaveri, who said that information from Tata Sons has been redacted and details about things like Article 121A have not been shared.
Esta historia es de la edición September 24, 2025 de Mint Mumbai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Mumbai
Mint Mumbai
Investors expect AI use to soar. That’s not happening
On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.
4 mins
November 28, 2025
Mint Mumbai
360 One, Steadview, others to invest in Wakefit ahead of IPO
A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.
3 mins
November 28, 2025
Mint Mumbai
I-T dept to nudge taxpayers to declare foreign wealth
The department was able to collect 30,000 crore disclosed in the previous Nudge drive
2 mins
November 28, 2025
Mint Mumbai
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Mumbai
India, UAE review trade agreement to ease market access
Officials of India and the United Arab Emirates (UAE) met on Thursday to review how the Comprehensive Economic Partnership Agreement (CEPA) is working, and remove frictions that may be impeding trade between the two nations.
1 mins
November 28, 2025
Mint Mumbai
Beyond the stock slump-Kaynes' $1 bn aim is just the start
Shares of Kaynes Technology India Ltd have fallen about 25% from their peak of 7,705 in October, amid a management reshuffle and the expiry of the lock-in period for pre-IPO shareholders.
1 mins
November 28, 2025
Mint Mumbai
How Omnicom’s IPG buy will change Indian advertising
Two of the advertising world’s Big Four holding companies—Interpublic Group and Omnicom—officially merged this week.
2 mins
November 28, 2025
Mint Mumbai
Why TCS is walking a tightrope
Tata Consultancy Services Ltd recently outlined an ambitious multi-year $6-7 billion investment plan to build artificial intelligence (AI)-focused data centres and is already making progress in that area.
2 mins
November 28, 2025
Mint Mumbai
It's a multi-horse Street race now as Smids muscle in
For years, India’s stock market ran on the shoulders of a few giants. Not anymore.
3 mins
November 28, 2025
Mint Mumbai
Telecom firms flag hurdles in data privacy compliance
Operators need to comply with the data protection norms within 12-18 months
1 mins
November 28, 2025
Listen
Translate
Change font size

