dorabji tata

Former Tata Sons vice chairman argues an IPO can undermine the company’s special role in the group, and may not unlock much value

In a recent development, Maharashtra's charity commissioner has specified that the order to freeze board meetings is targeted exclusively at the Sir Ratan Tata Trust, sparing the other Tata Trusts from disruption. This relief allows the broader philanthropic community associated with Tata to continue their vital work without interruption, clearing up confusion caused by the previously issued generalized directive.

Tata Trusts, holding a controlling stake in Tata Sons, postponed their board meetings to May 16. The meetings were set to review nominee directors, a point of contention between chairman Noel Tata and vice-chairman Venu Srinivasan, who are divided on Tata Sons' public listing and the reappointment of its chairman.

Noel Tata has voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of Tata Education and Development Trust, widening rifts within the powerful philanthropic group. This move, following Mehli Mistry's opposition, prevents the duo's extension due to unanimous consent rules. Their departure significantly impacts their influence within the wider Tata Trusts.

A crucial May 8 meeting of Tata Trusts could see a shake-up of nominee directors on the Tata Sons board. Disagreements over a potential IPO, with Noel Tata opposing and Venu Srinivasan favouring it, are fueling tensions. This comes amid new RBI rules potentially forcing a listing and internal trust disputes.

TVS Motor chairman emeritus Venu Srinivasan has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution (BHI) board, citing business preoccupations. This follows a challenge by former trustee Mehli Mistry, who argues the trust deed bars non-Zoroastrians and non-Mumbai residents from trusteeships, seeking a regulatory probe into Srinivasan and another trustee's eligibility.

People of the Steel City celebrated the 157th birth anniversary of dorabji tata at dorabji tata Park on Saturday.

Rich tributes were paid to Sir dorabji tata on his 152nd birth anniversary on Saturday.

Private steel major Tata Steel today celebrated the 156th birth anniversary of its first Chairman Sir dorabji tata at Sir dorabji tata Park here.

Lord Carrington will deliver the13th Sir Dorab Tata Memorial Lecture on `International Relations in the New Century'' at the Tata theatre (NCPA), on Monday, April 3 at 6.00 pm. Ratan Tata, chairman of Sir dorabji tata Trust, will preside. The Sir Dorab Tata Memorial Lecture series was instituted in 1960 by the trustees of the trust to commemorate the birth centenary of Sir dorabji tata, the elder son of Jamsetji Tata, founder of the Tata group. The lecture is delivered every two years, by internationally eminent persons in public life drawn from across the globe.