Magzter GOLDで無制限に

Magzter GOLDで無制限に

10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

$149.99
 
$74.99/年

試す - 無料

Stage set for another Tata-Mistry clash

Hindustan Times Lucknow

|

October 29, 2025

Tata Trusts chairman Noel Tata and vice-chairmen Venu Srinivasan and Vijay Singh have not approved the reappointment of Ratan Tata long-time confidant, Mehli Mistry, as a permanent trustee—setting the stage for a 2016-like battle between the Tatas and ousted Tata Sons chief Cyrus Mistry.

- Varun Sood & Satish John

Tata Trusts chairman Noel Tata and vice-chairmen Venu Srinivasan and Vijay Singh have not approved the reappointment of Ratan Tata longtime confidant, Mehli Mistry, as a permanent trustee—setting the stage for a 2016-like battle between the Tatas and ousted Tata Sons chief Cyrus Mistry.

Mistry, a first cousin of Cyrus Mistry, is considering options including challenging the ouster in court, people close to him said, potentially plunging the philanthropic entities that control Tata Sons into uncertainty.

On Tuesday, Noel Tata, TVS Motor Co. chair emeritus Srinivasan, and former defence secretary Singh voted against Mistry’s candidature for trustee for life, according to an executive privy to the development.

The three other trustees—former Citibank India chief executive Pramit Jhaveri, Mumbai lawyer Darius Khambata, and Pune-based philanthropist Jehangir H.C. Jehangir—voted in favour.

The split vote marks a sharp departure from the recent consensus-driven approach. Just last week, when Srinivasan was appointed a lifelong trustee, four trustees, led by Mistry, had described the move as a “procedural formality”, referring to a unanimous decision in October 2024 to grant themselves permanent positions. Under the Trusts’ rules, appointments and removals require unanimous consent.

The opposition to Mistry presents two immediate challenges for Noel Tata: An impending legal battle and a widening divide among trustees.

Hindustan Times Lucknow からのその他のストーリー

Hindustan Times Lucknow

Aamir Khan brought back joy into Jwala and my life: Vishnu Vishal

On actor-producer Vishnu Vishal and badminton player Jwala Gutta's (42) fourth wedding anniversary on April 22 this year, the couple was blessed with a baby girl.

time to read

1 min

October 29, 2025

Hindustan Times Lucknow

Amazon to cut 14,000 corporate jobs as AI spending accelerates

CEO ANDY JASSY ENCOURAGES STAFF TO GET ON BOARD WITH THE COMPANY'S AI PLANS

time to read

1 min

October 29, 2025

Hindustan Times Lucknow

Jobs, free power, doles: INDIA's Bihar promises

Manifesto highlights

time to read

1 min

October 29, 2025

Hindustan Times Lucknow

Sachidanand Upadhyay joins the global business elite

Few Indian business leaders have been featured twice in Time Magazine's notable lists.

time to read

2 mins

October 29, 2025

Hindustan Times Lucknow

EC notice to Kishor over two voter IDs

The Election Commission of India (ECI) on Tuesday issued a notice to Jan Suraaj Party founder Prashant Kishor for allegedly being registered as a voter in Bihar and West Bengal, and sought an explanation within three days.

time to read

1 mins

October 29, 2025

Hindustan Times Lucknow

Hindustan Times Lucknow

India faces balancing act on Russia amid US trade talks

India will have to contend with an increasingly delicate balancing act between negotiating a trade deal and repairing ties with the US and maintaining its legacy relationship with Russia ahead of a planned visit by President Vladimir Putin in December, according to people familiar with the matter.

time to read

2 mins

October 29, 2025

Hindustan Times Lucknow

LIC says its decisions had no external say

Life Insurance Corporation of India (LIC) on Tuesday reiterated that the public sector insurer has neither issued nor received any document mentioned in the Washington Post report, which alleges that its decisions to invest in the Adani Group were influenced by external factors.

time to read

1 min

October 29, 2025

Hindustan Times Lucknow

CM says no probe into Pawar-led institute

The reports of such an inquiry, however, drew sharp criticism from Opposition NCP (SP) calling the move “politically motivated”.

time to read

1 mins

October 29, 2025

Hindustan Times Lucknow

States told to ensure pvt security jobs for Agniveers

THE GOVERNMENT HAS RESERVED 10% OF VACANCIES IN THE CAPF FOR EX-AGNIVEERS.

time to read

3 mins

October 29, 2025

Hindustan Times Lucknow

10,000 FOREIGNERS HELD IN MYANMAR IN SCAM CENTRE CRACKDOWN

Myanmar’s military government has detained more than 10,000 foreign nationals over the past nine months who the junta said illegally entered the country for involvement in online scams.

time to read

1 min

October 29, 2025

Listen

Translate

Share

-
+

Change font size