Urgent.News

What's breaking now, across thousands of outlets.

Business

7 Tata Trusts file caveats with Charity Chief

Seven Tata Trusts, excluding the Sir Dorabji Tata Trust, have filed 84 caveats with the Maharashtra Charity Commissioner under three provisions of the Maharashtra Public Trusts Act, according to people familiar with the matter. The trusts, which collectively hold a 66% stake in Tata Sons, aim to ensure their voices are heard before any orders are passed in matters concerning the trusts.

Noel and Neville Tata are identified as caveators in the filings. The move is seen as a preventive measure amid a governance dispute within the Sir Dorabji Tata Trust, where Noel Tata serves as chairman. The sheer number of filings is attributed to multiple accusations made against Noel Tata and Neville Tata, the latter of whom was recently appointed as a trustee. The Tata Trusts did not comment on the matter.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

More in Business

Suzuki to launch ultracompact EV model in intensifying race in Japan

TOKYO (Kyodo) -- Suzuki Motor Corp. said Tuesday it will launch an ultracompact electric vehicle model in November in Japan in the hope of enticing cu

  • Suzuki to launch e SKY EV in November, targeting Japanese market
  • e SKY offers 310 km range, priced at 1.55 million yen
  • Company aims for 1,000 units sold monthly

More from Wednesday 7 October →