N Chandrasekaran reappointed Tata Sons’ Chairman for another 5 years

 

Ratan Tata, who was a special invitee to the board meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of N Chandrasekaran. Avaneesh Parasar

Tata Sons Pvt Ltd board on Friday considered and approved the re-appointment of its executive chairman N Chandrasekaran for another five years.

Ratan Tata, who was a special invitee to the board meeting expressed his satisfaction on the progress and performance of the Tata Group under the leadership of N Chandrasekaran. He recommended his term be renewed for a further five-year period.

The continuity in leadership comes as the 154-year-old conglomerate that makes salt to luxury sedans, is working on an all-in-one ecommerce superapp — one of Chandrasekaran’s key projects — to market its swathe of consumer products and services as part of a digital makeover. The group is also reinventing its aviation businesses after successfully acquiring Air India Ltd. from the federal government last year.

“It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase,” Chandrasekaran said.

Chandrasekaran’s current tenure as the chairman of the company expires at the end of this month.

Chandrasekaran joined the board of Tata Sons in 2016 and took over as Chairman in 2017 at a time when the group was mired in crisis after the ouster of his predecessor Cyrus Mistry in a shock boardroom coup led by Ratan Tata, who heads Tata Trusts — a bunch of philanthropic organizations that hold 66% stake in Tata Sons.

The ouster triggered a years-long legal battle between the two sides and was finally put to bed after India’s top court ruled in March 2021 that Mistry’s dismissal was legal.

Under Chandrasekaran, Tatas sold the mobile phone business of Tata Teleservices to Bharti Airtel in an attempt to cut losses. In May 2018, the group made one of the biggest acquisitions to date when Tata Steel took over Bhushan Steel by paying ₹35,200 crore under the insolvency process.

Comments

Post a Comment

Popular posts from this blog

Adani Group Likely To Foray Into Automobile Sector, Trademark Registered

Image
The Group will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes, according to sources. Avaneesh Parasar MUMBAI/CHENNAI: After planning a foray into the steel industry, Gautam Adani , India’s second-richest person and head of the eponymous Adani Group, appears to be looking to enter the automobile sector. Group entity S B Adani Trust received trademark approval to use the name ‘Adani’ for vehicles operating on land and in water. The move is part of the ports-to-power conglomerate’s broader play in green projects. The plan is to enter the electric mobility space, said sources. It will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes. It also has plans to manufacture electric vehicle batteries and set up c...
Read more

IS THE STOCK MARKET RISKY? | AVANEESH PARASAR

Image
  IS THE STOCK MARKET RISKY? | AVANEESH PARASAR Remember the first time you saw a BIKE and didn’t know how to drive. It seemed thrilling, but you were scared too. And then you learn about- -Accelerator -Brakes -Gears -Traffic and then it seemed much easier. But would you say driving is completely RISK-FREE now? ‘NO’ Relate it to the Stock Market now At first glance, you might feel scared, here too. Before you invest in a company do know their -BUSINESS -MANAGEMENT -PROFIT GROWTH -FUTURE POTENTIAL -DEBT and then it will seem much better. But can you say it’s completely RISK-FREE now? ‘NO’ KEY TAKEAWAY -Yes, everything in life has risks. -Manage risk with knowledge -Don’t invest in something you don’t know -Apply brakes when required. -Don’t Overspeed. #RISKHAITOISHQHAI #AVANEESHPARASAR Analyzed THE STOCK MARKET RISKY? | AVANEESH PARA SER
Read more

Avaneesh Parasar Explains The Stop Loss Order

Image
  Avaneesh Parasar Explains The Stop Loss Order There are a lot of considerations that go into buying a stock. However, no matter how careful you are, you are bound to miss out on something or the other.  Avaneesh Parasar  says that one of those factors is the stop-loss order. It is important to know about this order because if you use it in an appropriate manner, it can make a world of a difference when trading in stocks. The benefits that you can get out of this is multifold. Did you know that one of the key advantages of using this is that you do not need to monitor your holdings on a daily basis? Here, in this blog, we tell you all about the stop-loss order and how you can reap the maximum profit out of using it correctly.  What is a Stop-Loss Order?  An order that is placed with a broker for the purposes of buying or selling a specific stock after the stock reaches a particular price is known as Stop-Loss order. It is designed in such a way so that it can l...
Read more