Wednesday, July 30, 2025

Creating liberating content

Market experts anticipate selective purchasing activities influenced by quarterly earnings

Related News

Canadian Tire announced on Tuesday that it is reducing corporate staff positions as part of a broader transformation and modernisation effort aimed at staying competitive in the evolving retail landscape.

Market experts anticipate selective purchasing activities influenced by quarterly earnings reports. (AI image) Market experts anticipate selective purchasing activities influenced by quarterly financial reports, whilst overall market sentiment remains dependent

The US plans to impose higher tariffs on several major trading partners starting Friday unless new agreements are reached with President Donald Trump- raising concerns over rising consumer prices and

The logo of LG Electronics is seen on the opening day of the Integrated Systems Europe exhibition in Barcelona on January 31, 2023. Pau Barrena | Afp | Getty Images

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

Top officials from the US and China agreed on Tuesday to continue discussions about extending a fragile trade truce that is set to expire in mid-Aug, but did not immediately

Trending News

The Asian Infrastructure Investment Bank (AIIB) plans to increase its investment exposure in India from $12 billion to $16-17 billion over the next two to three years. This expansion is

JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and

NEW DELHI: Global sports retailer Decathlon set an ambitious target of sourcing $3 billion worth of goods from India by 2030 – a six-fold increase – driven by the country’s

NEW DELHI: IMF on Tuesday raised the global growth projection marginally, with the Indian economy too likely to expand more than what was estimated earlier. In its latest update, IMF

MUMBAI: Reliance Industries, Oil and Natural Gas Corporation (ONGC), and BP Exploration (Alpha) will collaborate to discover and extract oil and gas in the offshore exploration block of the Saurashtra

MUMBAI: Larsen & Toubro’s profit for Q1FY26 rose 25% to Rs 4,318 crore, driven by new orders from diverse sectors including hydrocarbons, renewables, and real estate. Revenue increased 16% to

Tata Sons to get new directors, vacancies open up on board; to inject fresh capital of Rs 30,000 crore

Word Count: 705 | Estimated Reading Time: 4 minutes


Tata Sons to get new directors, vacancies open up on board; to inject fresh capital of Rs 30,000 crore
Tata Sons plans to invest ₹30,000 crore ($3.5 billion) in its growing ventures. (AI image)

Tata Sons is actively seeking new directors to fill upcoming vacancies on its board. Former Jaguar Land Rover CEO Ralf Speth is anticipated to retire in the next few months when he turns 70. Speth had joined following Cyrus Mistry’s removal in October 2016.With Leo Puri’s resignation as independent director in April, sources told ET that one of these positions might be allocated to an executive director from within the group.Sources indicate that TV Narendran, the CEO and MD of Tata Steel, is a leading candidate for the board position.Independent director Ajay Piramal, aged 69, is expected to conclude his tenure by mid-next year.This aligns with Tata Sons’ established retirement guidelines. Piramal became a board member in August 2016.According to the Articles of Association (AoA), executive position holders retire at 65, whilst board-level positions have a retirement age of 70.

Boardroom Shake-up

Boardroom Shake-up

The board’s composition will shift from the structure established by former chairman Ratan Tata in 2016 following Mistry’s removal, according to an observer familiar with the group.Whilst Tata Trusts’ board nominees, including chairman Noel Tata, Vijay Singh (76), and Venu Srinivasan (72), face no age restrictions. The independent directors comprise Harish Manwani, Anita M George, and Piramal.“There are very few senior Tata executives today with the depth of Narendran’s experience and leadership,” stated a group executive.Several Tata group veterans, including Bhaskar Bhat, have retired upon reaching superannuation, whilst others such as Harish Bhat and Banmali Agrawala continue serving in advisory positions.Tata Sons plans to invest ₹30,000 crore ($3.5 billion) in its growing ventures, including Tata Digital, Tata Electronics and Air India, alongside defence and battery operations through equity investments. Executives have confirmed defence operations as a key strategic focus. This investment supplements the group’s existing $120 billion commitment towards new enterprises.Tata Sons advisor Agrawala serves as non-executive chairman at Tata Electronics. Manwani, who previously served as COO of Unilever Plc before joining the Tata Sons board in 2018, is expected to remain until 2027.Additionally, Tata Sons has initiated proceedings to voluntarily surrender its RBI registration certificate, having cleared over ₹20,000 crore in debt, allowing it to maintain its status as an unlisted, closely held organisation.





Source link

Sign In

Welcome ! Log into Your Account