The Tata Group is a global business conglomerate operating in over 100 countries across 5 continents with a strong presence in diverse industries such as agrochemicals, automotive, chemicals, construction, finance, consumer products, and hospitality. In 2019-20, the revenue of Tata companies, taken together, was $106 billion (INR 7.5 trillion). These companies collectively employ over 750,000 people. Cutting-edge innovation, a stringent focus on quality, sustainable operations, and business excellence are the hallmarks of the trust the Tata name is best recognized for.
Sir Dorabji Tata and his cousin RD Tata took Jamsetji Tata's dream of a fully Indian steel company to fruition. Tata Steel came into being in 1907 and holds the distinction of being Asia’s first integrated steel company.
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 27 million tonnes per annum (MnTPA). It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. A Great Place to Work-Certified™ organisation, Tata Steel, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over
65,000.
Focusing on Innovation, Technology, Sustainability & People, the Company strives to be the global steel industry benchmark for value creation and corporate citizenship and become the most admired brand in the metals and minerals space.
Tata Steel completed the acquisition of Bhushan Steel Limited (now renamed as Tata Steel BSL), the first to acquire a major stressed asset under the Insolvency and Bankruptcy Code process. The acquisition (with capacity - 5.6 MnTPA) has significantly expanded Tata Steel's footprint in India and will be value-accretive going forward.
A major political clash has erupted between Leader of Opposition Rahul Gandhi and Finance Minister Nirmala Sitharaman over the proposed privatization of IDBI Bank. Rahul Gandhi accused the Narendra Modi government of undervaluing a premier public institution built during the Congress era and questioned the bidding process, also raising concerns regarding employee rights. Hitting back, Nirmala Sitharaman defended the sale, asserting that all prescribed procedures were followed and blaming Congress-era crony lending for burdening IDBI Bank with massive bad loans. The controversy follows previous exchanges between both leaders regarding corporate governance and alleged government interference in the Tata Group. On the broadcast, experts including SBI Group Chief Economic Advisor Soumya Kanti Ghosh, former Finance Secretary S.C. Garg, and political analyst Rajat Sethi debated the bank's turnaround, reserve price revisions, and the valuation benchmark set for the stake sale to Fairfax Financial Holdings. In a subsequent segment, Union Environment Minister Bhupender Yadav outlined anti-pollution measures across Delhi-NCR.
In an exclusive interview, Soumya Kanti Ghosh, Group Chief Economic Advisor of SBI and part-time member of the EAC-PM, addressed the ongoing political debate over the IDBI Bank stake sale. He clarified that IDBI Bank is already classified as a private lender by the RBI since FY19, noting that the government and LIC will retain a 34% stake post-offload. Ghosh explained that after suffering accumulated losses of 45,000 crore rupees between FY16 and FY20, a 50,000 crore rupee capital infusion helped bring IDBI's gross NPA down from 31% to under 2%, generating 35,000 crore rupees in cumulative profits over five years. Defending the strength of public sector lenders, Ghosh emphasized: 'The banking system today is actually in the best of health after all the efforts which has been unveiled in the last decade or so.' Declining to discuss corporate governance issues regarding Tata Group clients, he maintained that India possesses a robust regulatory governance culture monitored by SEBI.
A political war of words has broken out between Rahul Gandhi and the Bharatiya Janata Party over the escalating leadership dispute within the Tata Group. Leader of Opposition Rahul Gandhi accused the central government of criminally destroying Tata and questioned why discussions involving Tata Trusts and Tata Sons took place at Union Home Minister Amit Shah's residence. The BJP hit back, accusing Gandhi of making baseless, politically motivated statements without evidence. Finance Minister Nirmala Sitharaman also challenged his remarks, stating that commercial and legal matters must not be casually labelled criminal and accused the Congress of historically stifling Indian enterprise. The confrontation unfolds amid a boardroom struggle at Tata Sons, where Tata Trusts Chairman Noel Tata challenged the resolution to reappoint N. Chandrasekaran as chairman, citing alleged procedural irregularities. Nationalist Congress Party leader Sharad Pawar also backed Noel Tata, urging the protection of the charitable ownership of the group.
A war of words has broken out between the BJP and Congress following remarks by Leader of Opposition Rahul Gandhi claiming that the Tata Group is being criminally destroyed by the government. Union Finance Minister Nirmala Sitharaman and BJP leader Gaurav Vallabh strongly refuted the accusations, stating that Gandhi makes allegations without providing evidence or proof. The ruling party said that the comments are politically motivated, irresponsible, and born out of frustration, while urging the Congress leadership to refrain from politicising corporate matters.
A corporate power struggle over the control of the Tata Group has sparked a political confrontation between the opposition and the central government. Leader of Opposition Rahul Gandhi alleged the Modi government is destroying the conglomerate, while Finance Minister Nirmala Sitharaman responded by accusing him of politicising commercial and legal matters. Earlier, Sharad Pawar backed Noel Tata, calling for the protection of the charitable ownership of Tata Group. The political clash erupted following Tata Trusts Chairman Noel Tata's opposition to the resolution reappointing N. Chandrasekaran as Tata Sons chairman for five years, citing procedural irregularities during a board meeting. The corporate dispute between Tata Trusts and Tata Sons leadership appears set to head to the courts.
A fierce debate unfolds over the unfolding power struggle within the Tata Group and allegations of political interference. Political analyst Sanjay Jha argues that Rahul Gandhi's remarks highlight serious issues surrounding corporate governance, regulatory delays by the Maharashtra Charity Commissioner, and alleged favours linked to political donations. Defending the corporate process, Senior Advocate Hitesh Jain rejects claims of a criminal takeover, maintaining that leadership disputes and board interpretations are internal corporate matters governed by law rather than state coercion. Meanwhile, political economy analyst Dr Shankar Aiyar highlights systemic policy confusion, regulatory apathy, and unanswered legislative questions affecting the nation's premier industrial conglomerate.
The corporate battle for control of the Tata Group has triggered a sharp political confrontation between the opposition and the government. Leader of Opposition Rahul Gandhi accused the Modi government of attempting to destroy Tata to help corporate allies take over, drawing a sharp response from Finance Minister Nirmala Sitharaman, who defended the government's support for entrepreneurs and accused the Congress of spreading toxicity. The face-off follows Tata Trusts Chairman Noel Tata challenging the reappointment of N. Chandrasekaran as Tata Sons Chairman, citing procedural lapses at a board meeting. Nationalist Congress Party leader Sharad Pawar had earlier voiced support for Noel Tata as the boardroom struggle heads towards the courts.
Jio Platforms made a blockbuster debut on Dalal Street, listing at 1,358 rupees per share and delivering a 21% gain to IPO allottees within five days. The landmark debut pushed Reliance Group ahead of Tata Group to become India's most valuable conglomerate by combined market capitalisation. At the National Stock Exchange listing event, Reliance Industries Chairman Mukesh Ambani was visibly moved as the next generation took charge. Anant Ambani expressed gratitude to Prime Minister Narendra Modi for the Digital India vision and pledged full commitment toward achieving a Viksit Bharat. Attention now shifts toward Reliance's expansive retail business as the potential foundation for the group's next major market listing.
On the Business Today Show, anchor Sakshi Batra tracks closing action across Dalal Street as the Nifty slips 95 points to end near 22,620 and Sensex trades weak under pressure from elevated crude oil prices and global bond yield spikes. Market expert Pankaj Pandey analyses persistent equity market volatility, rate hike expectations from the Reserve Bank of India, credit quality concerns in the microfinance space, and emerging opportunities in railway and premium consumption stocks. The broadcast reviews Union Finance Minister Nirmala Sitharaman's scheduled meeting with traders over the proposed 0.4% UPI merchant discount rate fee. Meanwhile, the Maharashtra government declares 265 talukas drought-hit, directing banks and financial institutions not to harass farmers for crop loan recoveries while announcing a 10% urban water cut. Additionally, the Union Cabinet approves a 1.86 lakh crore rupee outlay for rabi minimum support price increases, including hikes for wheat and safflower, alongside the PM Dhara renewable scheme approval.
Indian equity markets opened flat amid heightened volatility, with the Nifty fluctuating near 22,700 levels. Broader market indices and select sectors such as PSU banks, IT, and oil and gas registered modest gains, while metal and pharma stocks witnessed profit-taking. Meanwhile, the internal rift within the Tata Group intensified after trustee Venu Srinivasan reportedly approached the Maharashtra Charity Commissioner seeking an immediate probe into alleged governance lapses at Sir Dorabji Tata Trust and Sir Ratan Tata Trust. At the same time, Noel Tata voiced opposition against listing Tata Sons, citing potential constraints on supporting group companies during financial difficulties. Analysts advised caution, noting that elevated US bond yields and crude oil prices continue to drive foreign capital outflows from emerging markets. Additionally, global headlines featured former US President Donald Trump meeting with technology leaders, where he proposed terming artificial intelligence as super intelligence alongside discussing self-regulation frameworks.
Tata Trusts has submitted a restructuring proposal for Tata Sons aiming to retain its status as a private unlisted firm. Holding a 66 percent stake, the trust has suggested merging two operating companies, Tata Electronics and Tata Consulting Engineers, directly into Tata Sons. The move seeks to generate over one lakh crore rupees in operating revenues to avoid the core investment company and upper-layer NBFC classifications that mandate listing on the stock exchange. The proposal follows governance deadlocks and board disagreements over leadership, regulatory obligations, and ownership rights.
The Business Today Show reviews volatile market activity as benchmark indices Sensex and Nifty rebounded from intraday lows following a severe sell-off. Key corporate developments, including declines in Tata Group shares following merger proposals and crude oil supply concerns, impacted market sentiment. The Supreme Court questioned excessive pricing of essential medicines at corporate hospitals, noting huge markups between retailer prices and bills presented to patients, seeking a uniform sixteen percent cap. Meanwhile, India explores alternative Westbound flight paths involving China and Bhutan to circumvent Pakistan's airspace ban. ONGC Videsh prepares to resume operations in Venezuela's San Cristobal field, subject to gazette notification. Market analysts Sharad Bassi and Dinshaw Irani provided perspectives on market valuations, crude movements, and investment strategies ahead of the festive season.
On the Business Today Show, host Sakshi Batra covers key corporate, financial, and market developments. Tata Trusts Chairman Noel Tata submitted a strategic restructuring proposal to merge Tata Electronics, System Solutions, and Tata Consulting Engineers into Tata Sons to retain its unlisted status and avoid NBFC classification. On Dalal Street, the Nifty slipped below 22,700 during the expiry session amid rising Brent crude oil prices and a weakening rupee past 96 against the US dollar. Expert Chakri Lokapriya, Managing Partner at RSB LLP, highlights slowing growth, rising yields, and imported inflation as primary challenges, advising caution while noting stability in power and select pharma counters. The US exempted Indian pharma exporters from proposed 100 percent tariffs across key speciality drugs, driving resilience in stocks like Sun Pharma and Dr. Reddy's. Additionally, Essar Group announced an 18-billion-dollar steel plant in Iowa, while OpenAI halted training on its GPT-6.1 Astra model over AI security and rogue behavior concerns.
Indian equity markets opened the week on a sharp negative note, with the Nifty breaching the crucial 23,000 mark and tumbling over 225 points amid fears of a potential Reserve Bank of India repo rate hike, rising crude prices, and sustained foreign institutional investor selling. The rupee weakened to 95.88 per US dollar, while MCX gold and silver also logged notable declines. Amid broad market weakness, banking and financial shares suffered significant cuts, while India VIX rallied over 11 percent, underscoring elevated market volatility. Separately, attention remained focused on Tata Sons as uncertainty continues regarding the schedule of its annual general meeting alongside decisions regarding the reappointment of N. Chandrasekaran and a potential listing. Additionally, scrutiny over the US H-1B visa program under the Trump administration presents emerging challenges for the domestic information technology sector.
A major boardroom dispute has emerged at the Tata Group between Tata Sons Chairman N. Chandrasekaran and Tata Trusts Chairman Noel Tata over leadership and control. On September 17, the Tata Sons board approved a five-year extension for Chandrasekaran and initiated steps toward a potential public listing, both of which Noel Tata opposed. Tata Trusts, holding a 66 percent stake in Tata Sons, argues that under the Articles of Association, board resolutions require the affirmative vote of a majority of trust-nominated directors. While nominee Venu Srinivasan voted in favour, Noel Tata dissented, leading the Trusts to assert the reappointment is invalid without both nominees agreeing. Conversely, Tata Sons maintains the decision was validly carried by a 4-1 board majority with the chairman's casting vote. The rift is further compounded by listing pressures following the RBI's rejection of Tata Sons' application to surrender its core investment company status, setting off a wider conflict over conglomerate governance.
A major boardroom conflict has emerged within the Tata Group over corporate governance, leadership, and the proposed stock market listing of Tata Sons. Tata Trusts Chairman Noel Tata opposed the Tata Sons board's four-to-one resolution to reappoint N. Chandrasekaran as chairman for another five-year term from February 2027, and also rejected the proposed listing. In contrast, trust nominee Venu Srinivasan backed the board's decision, while the Shapoorji Pallonji Group favored a listing to unlock share value. The conflict involves regulatory scrutiny after the Reserve Bank of India rejected Tata Sons' request to exit its core investment company status. Amid the escalating corporate dispute heading for legal evaluation, Finance Minister Nirmala Sitharaman highlighted the necessity of professionalisation and separating ownership from management in businesses, while veteran politician Sharad Pawar advocated for dialogue, due process, and upholding the affirmative rights and ownership role of Tata Trusts under its articles of association.
A report details the intensifying leadership succession dispute within the Tata Group following a contentious board decision regarding N. Chandrasekaran continuing as chairman over Noel Tata. Legal camps are preparing defenses as the issue heads toward potential court litigation. Finance Minister Nirmala Sitharaman highlighted the need to separate ownership from management in family businesses, while NCP SP leader Sharad Pawar defended the trust-nominated affirmative voting rights. Senior advocate Harish Salve addressed the dispute over converting Tata Sons into a public company and the application of a chairman's casting vote amid trustee disagreements.
In an interview with India Today, Senior Advocate and parliamentarian Abhishek Manu Singhvi defended the legal stance of Noel Tata and Tata Trusts in the ongoing boardroom conflict with Tata Sons. Singhvi argued that under Article 121 of the Articles of Association, no matter can be considered or decided by the board without the affirmative vote of a majority of Tata Trust nominees. He stressed that a majority out of two nominees requires both to agree, noting, "Mr. Noel Tata is one of the two who differed. That's it." Singhvi cited paragraph 219 of the Supreme Court's Cyrus Mistry verdict, affirming that trust veto rights are legally valid and non-oppressive. He further dismissed the Reserve Bank of India listing debate as a red herring, arguing it does not override statutory corporate governance and shareholder rights.
On The Business Today Show, anchor Sakshi Batra details closing market developments as the Nifty and Sensex rebound following six consecutive weeks of losses, with the Nifty closing above 23,400 points supported by gains in FMCG, real estate, and pharmaceutical stocks. ICICI Direct Head of Research Pankaj Pandey provides analysis on crude oil pricing trends, banking sector valuations, and pharmaceutical Schedule M compliance. The report reviews India's 15% export growth over the initial five months of the fiscal year amid geopolitical tensions, pending free trade agreements with the UK and EU, and potential adjustments to Russian crude oil imports under US sanctions. Additionally, the broadcast highlights Starbucks signing an MoU to open its first overseas Global Capability Centre in Chennai to create 800 technology jobs, opposition by the All India Organisation of Chemists and Druggists to mandatory pharmacy CCTV surveillance, and primary market forecasts estimating 1.5 trillion dollars in IPO market capitalization additions.
This news broadcast covers key national and corporate developments, starting with the Food Safety and Standards Authority of India (FSSAI) initiating legal adjudication against Nestle India over promotional claims for infant formulas such as NAN EXELA Pro Stage 1 and Lactogen Pro 1 under the Infant Milk Substitutes (IMS) Act.
