Topic
tata sons
Finance RBI retains Tata Sons in upper-layer NBFC list, adds four PSU financiers
The RBI's revised FY27 upper-layer NBFC list adds four public sector infrastructure financiers — REC, PFC, IRFC and HUDCO — while retaining Tata Sons without prejudice to its de-registration application. The total number of entities subject to NBFC-UL regulations has increased to 19 from 15.
Finance Tata Sons Continues in RBI Upper Layer NBFC List, Governor Indicates
RBI Governor Sanjay Malhotra indicated that Tata Sons continues to be classified as an upper layer NBFC under the central bank's revised principle-based criteria, with the updated list expected soon. The classification triggers compulsory listing norms, which Tata Sons has sought to avoid by de-registering, while the Shapoorji Pallonji group, its largest shareholder, has pushed for a listing.
Business Tata Sons profit jumps 22% as IPO windfall masks nearly ₹29,000 crore losses in new ventures
Tata Sons reported a 22% increase in net profit to ₹31,961 crore for FY26, lifted by a ₹6,531 crore gain from the Tata Capital IPO. However, losses from new ventures including Air India, Tata Digital, and Tata Electronics surged to nearly ₹29,000 crore. The board declared a dividend of ₹1.1 lakh per share, up 70%, as chairman N Chandrasekaran faces a crucial AGM on August 18 for his reappointment.
Finance RBI Keeps Rs 1 Lakh Crore NBFC Threshold, Tata Sons Remains in Upper Layer
The Reserve Bank of India has rejected industry calls to raise the asset threshold for upper-layer NBFCs from Rs 1 lakh crore to Rs 2.5 lakh crore, keeping Tata Sons within the regulatory bracket. The decision subjects the conglomerate's holding company to listing requirements, with its board divided on an IPO. The RBI also reduced the review cycle for the threshold from five to three years.
Business Tata Sons chairman N Chandrasekaran declines pay hike amid group concerns over capital allocation
Tata Sons chairman N. Chandrasekaran will not seek a pay hike for FY26, a decision made amid group concerns about capital allocation and profitability of new ventures. The move was conveyed during the Nomination and Remuneration Committee meeting alongside the Tata Sons board meeting. Chandrasekaran's FY25 remuneration was ₹155.8 crore, heavily performance-linked. Tata Sons' FY25 revenue rose 24% to ₹5.92 lakh crore but net profit fell 17% to ₹28,898 crore.
Business Tata Sons Records High-Teen Profit Growth Despite Rocky Year
Tata Sons' board approved financial results for FY26 showing high-teen profit growth, despite lower dividend income from operating companies. Chairman N Chandrasekaran's reappointment was not on the agenda again. The board also recommended a dividend to equity shareholders, benefiting Tata Trusts which holds 65% of the holding company.
Business Tata Sons Chairman Reappointment Stalled Amid Strategic Concerns
Noel Tata has highlighted unresolved strategic issues, delaying the reappointment of Tata Sons Chairman Natarajan Chandrasekaran. Key concerns include the group's five-year roadmap and exit options for Shapoorji Pallonji Group.