Nara Lokesh traced the state's current approach to governance and deal-making to a moment early in the government's tenure, when N Chandrasekaran visited the chief minister
Ratan Tata, who led the Tata Group through one of its most transformative phases, was remembered not only for building global businesses but also for redefining the idea of corporate responsibility in India.
Among the business honchos expected to be there are Reliance chairman Mukesh Ambani, Tata Group's N Chandrasekaran, Infosys co-founder Nandan Nilekani, and Zerodha co-founder Nikhil Kamath
Tata Sons Chairman N Chandrasekaran has stated the group may consider infusing further capital into Air India if required, as the airline faces industry headwinds and ongoing transformation. Chandrasekaran highlighted the unpredictable environment due to supply chain disruptions, geopolitical tensions, and volatile fuel costs. He reiterated Tata's commitment to upgrading Air India's fleet, modernising up to 99% within three years, but emphasised the persistent challenges of thin margins and external shocks impacting the aviation sector.
At the landmark listing of Tata Motors Commercial Vehicles Ltd (TMCV) on the Bombay Stock Exchange, Tata Sons Chairman N. Chandrasekaran reflected on an 8-year transformation journey that began in 2017. He said the split was essential to make both the passenger and commercial vehicle arms financially strong and independently viable. Despite challenges, including the pandemic, the restructuring created two robust entities — Tata Motors Passenger Vehicles and Tata Motors Commercial Vehicles. MD & CEO Girish Wagh hailed the milestone as a new era of sharper governance and deeper accountability, noting that TMCV lists with seven million shareholders — one of India’s largest bases.
In this edition of Business Today magazine, we delve into the renewed tensions between the Shapoorji Pallonji Group and Tata Trusts over the public listing of Tata Sons. SP Group patriarch Shapoorji Pallonji Mistry has publicly called for greater transparency and good governance, highlighting both moral imperatives and financial pressures behind the demand. With an 18.4% stake in Tata Sons and mounting debt obligations, the group views listing as a way to unlock liquidity while respecting legacy. The standoff intersects with regulatory timelines, including RBI’s NBFC classification and compliance deadlines, and exposes internal fissures within Tata Trusts following leadership transitions. As legal, financial, and governance considerations collide, the story reflects broader questions of succession, control, and transparency at the heart of one of India’s most influential conglomerates.
Tata Trusts is not at all keen to list Tata Sons, which itself holds stakes in over 30 major companies, including Tata Consultancy Services (TCS), Tata Motors, and Tata Steel, among others.
Chandrasekaran, who will turn 65 in February 2027, would normally be required to step down under group rules that cap executive roles at that age.
Less than a year after Ratan Tata’s death, India’s most trusted conglomerate faces internal turbulence. In a high-stakes 45-minute meeting at Home Minister Amit Shah’s residence, the Centre reportedly urged Tata leaders — Noel Tata, N. Chandrasekaran, Venu Srinivasan, and Darius Khambata — to restore stability at the Tata Trusts and prevent the discord from spilling into Tata Sons. Key issues: governance disputes, control over board appointments, and debate over the public listing of Tata Sons. With the Tata Group’s market cap crossing ₹20 lakh crore, the government’s intervention underscores its national significance. As the group marks Ratan Tata’s first death anniversary, investors ask: Is Tata legacy unity fading?
There are reports of unrest within the Tata empire. According to sources, top Tata Group leaders — Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran — met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman in Delhi last night. This meeting comes amid reports of infighting among Tata Trusts trustees over board appointments and governance issues. Also present were Vice Chairman Venu Srinivasan and trustee Darius Khambata. Watch Business Today’s Krishna Gopalan decode what this means for the Tata Group and India Inc.
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