{
Tata Sons Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

Tata Trusts to streamline operations by eliminating CFO and COO roles

Tata Trusts is set to eliminate the positions of chief financial officer and chief operating officer as part of a restructuring initiative aimed at reducing operational costs. This decision follows an internal audit revealing that staffing costs have surged to Rs 180 crore, contributing to an overall employee bill of Rs 400 crore. The restructuring began prior to Noel Tata's recent appointment as chairman of the Trusts.
Moneycontrol
Tata Sons Ltd. IND Noel Tata Tata Sons
Finance & Economy, News Article
07:30 28.10.2024

Ratan Tata's will provides for dog Tito and allocates wealth to family

Ratan Tata's will, following his passing on October 9, ensures lifelong care for his German Shepherd, Tito, and allocates his estate, valued at approximately Rs 10,000 crore, to family, staff, and his foundation. Key beneficiaries include his brother Jimmy and half-sisters Shireen and Deanna Jejeebhoy. Additionally, Tata's 0.83% stake in Tata Sons will be directed to the Ratan Tata Endowment Foundation, likely to be chaired by N Chandrasekaran.
Moneycontrol
Indian Rupee Tata Sons Ltd. IND Shireen Jejeebhoy Jimmy Tata Deanna Jejeebhoy N Chandrasekaran Ratan Tata Show more
Finance & Economy, News Article
13:37 25.10.2024
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