The 1,000% dividend will help Tata Trusts, which owns 67 per cent in Tata Sons, to invest in charitable activities. The total dividend outgo will be Rs 404 crore
From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday
Tata Trusts on board for preparing project report
Insiders said Soonawala played an important role in getting Noel Tata, half-brother of Ratan Tata, on the board of Tata Trust
A Tata group veteran, Soonawala is known to be a close confidant of group patriarch Ratan Tata
The cluster of the charitable organisations announced series of top level changes at Tata Trusts after a board meeting
Committee of Trustees, consisting of Ratan Tata, Vijay Singh and Venu Srinivasan, has been set up with immediate effect to oversee operations and to select a Chief Executive for the Trusts
This follows the recent withdrawal of income-tax exemption for Sir Dorabji Tata Trust, one of the oldest and biggest philanthropic organisations in the country
It should remove apprehensions about an individual's or family's control over the Tata group
Venu Srinivasan, a director on the board of Tata Sons, is the chairman of Sundaram-Clayton and TVS Motor Co
Besides fresh inductions, Tata Trusts, chaired by Ratan Tata, could even decide on a vice-chairman sometime soon
In a Q&A, H S D Srinivas, Head-Health, Tata Trusts, dwells on his set-up's role in Ayushman Bharat, and its association with various states' healthcare initiatives
The exercise might reflect a continuity and cohesion between Tata Sons and Tata Trusts
Health care is being brought close enough to ensure patients from any part of the country travel no more than 3 hours to avail treatment of the kind available in large metros
It also accused Tata Educational and Development Trust of 'funnelling' tax-exempt public charity money outside the country to fund rich foreign universities
Tata Sons' Chairman N Chandrasekaran has been vocal about simplifying cross holding within group firms since he took over last February
A metropolitan magistrate's court had issued the summons in July 2017, directing Mistry and others to appear
Social impact venture, which has seeded over 20 start-ups, looks to build infrastructure to support research
As part of the plan, Tata Trusts has initiated a pilot with four Tata group companies, Tata Consultancy Services, Tata Steel, Tata Motors and Titan
The Maharashtra government and Tata Trusts today joined hands to roll out a series of social development initiatives in Chandrapur district in the areas of livelihood, digital literacy, data driven governance and child protection. Talking to PTI, Head of Grant & Finance of Tata Trusts, Ashish Deshpande, said, "Tata Trusts will facilitate the district administration to advance community development indicators in the district, by improving existing projects and aiding administrators in facilitating multi-sectoral development." "The state government and Tata Trusts will jointly work on a village-level micro planning exercise Data, Evaluation, Learning, Technology and Analysis (DELTA), which was launched in three blocks Mul, Pombhurna and Jivti -- earlier, will now be expanded to the entire district," he added. Deshpande said the Tata Trusts will partner with the Center for Budget and Governance Accountability (CBGA) to work with the Chandrapur administration for ...