Vijay Singh

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.

Victim’s Limbs Tied With Rope, Axed; Body Dumped Near Forest: Police

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.

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.

In a heated response to the assassination of a Bhagalpur official, the RJD has launched a scathing attack on the NDA government in Bihar. Spokesperson Shakti Singh Yadav pointed to this tragedy as a stark indicator of rampant criminal backing and the intense rivalry between the BJP and JD(U).

The RBI has thwarted Tata Sons' attempt to avoid a public listing. A recent clarification states that equity from group companies with market access counts as indirect public funds, invalidating Tata Sons' argument for deregistration. This ruling, effective July 1, impacts the conglomerate's holding company, which has substantial assets exceeding the deregistration threshold.

Central University of South Bihar Vice-Chancellor Kameshwar Nath Singh emphasized collaborative, multidisciplinary research on societal issues. He urged the biotechnology department to partner with other departments and industries for better outcomes. The department plans to seek extramural projects and infrastructure grants, following discussions with ministry representatives and experts.

The meeting was organised as part of consultations on the draft Haryana Industrial Policy 2026

Tata Trusts is seeking to amend a century-old provision barring non-Zoroastrians from serving as trustees of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. This move follows a challenge by a former trustee and aims to align the trust deed with modern values. Separately, a lawyer alleges violations of the Maharashtra Public Trusts Act by SRTT regarding perpetual trustee appointments.

Shapoor Mistry, representing the largest minority shareholder, advocates for Tata Sons' public listing, calling it essential for stakeholder value and trust income. This follows similar calls from Tata Trusts vice chairmen, amid RBI's proposed NBFC norms. Mistry believes a listing will enhance governance and transparency, potentially easing SP Group's debt pressures.

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.

Mumbai Cricket Association is planning a massive 1,00,000-capacity stadium in Navi Mumbai, near the international airport. This ambitious project aims to boost Maharashtra's sporting profile and player development. The association is actively pursuing land acquisition and expects swift progress, potentially rivalling Ahmedabad's Narendra Modi Stadium in size.