Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. Tomorrow is different. By using our website you agree to our policies. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. This product is a monthly auto renewal product. Under his leadership TCS has generated consolidated revenues of US$16.5 billion in 2015-16. Shares of Tata firms have delivered an average return of 68 per cent for FY21 so far, with Tata Communications gaining the most at 284 per cent and Benaras Hotels the least at 2 per cent. Mr. Pal will head the new entity which has been formed to incubate new digital businesses. Despite investing heavily since Chandra took charge, experts feel it will take the group 5-7 years to get going. President - Infrastructure, Defence & Aerospace, Company Secretary, Tata Sons & Group Corporate Secretary, Chief Economist & Head of Policy Advocacy. Argentine media claim Diego Maradona has died of a heart attack just two weeks after being released from hospital after treatment for ... Do you think NBFCs as banks create more problems than solutions? Many Tata group companies have fewer directors on their boards than other major companies, which typically have 15-16 members, a director said, seeking anonymity. Bolloré succeeds Prof Sir Ralf Speth, who will take up the previously announced position of Non-Executive Vice Chairman of Jaguar Land Rover plc.  Joining TCS in 1987, Chandrasekaran took over as CEO on 6 October 2009, prior to which he was COO and executive director of TCS. As the CEO of Tata Digital, Pratik will play a key role in building new platforms of growth. Stay on top of your investments. For reprint rights: AirAsia may exit India, end JV with Tata Sons, Tata Sons in no mood to offer any concessions to Shapoorji Pallonji Group. email@example.com; firstname.lastname@example.org, TGBL to be renamed Tata Consumer Products Limited.  On 10 July 2018, Mistry stated that he would appeal the decision. He will up take up the new role effective August 21st, 2019. Let's reshape it today, Hunt for the brightest engineers in India. Natarajan Chandrasekaran (born 2 June 1963) is an Indian businessman, and chairman of Tata Sons. Tata Sons Private Limited is the holding company of Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants.  With over 353,000 consultants, TCS has become the largest private sector employer in India. Chandrasekaran was presented with the "Best CEO for 2014" by. Tata Sons is the principal investment holding company and promoter of Tata companies. NEW DELHI: Tata Sons today appointed Sunil Sinha as Resident Director, Middle East and North Africa, and plans to set up an office in Dubai for the MENA region in collaboration with Tata International. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". Download The Economic Times News App to get Daily Market Updates & Live Business News. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. 66% of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In the latest development, the new CEO of loss-making telecom operator Vodafone Idea will not be paid any remuneration during his current tenure of three years, as per the company’s annual general meeting notice to its shareholders seeking approval for his appointment. He will assume the position from September 10, replacing Prof Sir Ralf Speth. Kindly visit the Manage my subscription page to discover the benefits of this programme. Track the industry of your choice with a daily newsletter specific to that The delay has led to criticism that Tata’s long-pending digital ambitions have been side-tracked by Jio Platforms, the subsidiary of Reliance Industries that delivers digital services to consumers across the country. He was nominated as the chairman of Indian IT industry body NASSCOM in April 2015. Join our experts on 26 Nov, 3 PM. We believe in free, fair and credible journalism.