All posts tagged: N Chandrasekaran

How Tata Sons will pick N Chandrasekaran’s successor and who will choose him

How Tata Sons will pick N Chandrasekaran’s successor and who will choose him

Published by Parlour News

The Tata Trusts on Thursday initiated the process of finding N Chandrasekaran’s successor to lead Tata Sons, the holding company of the diversified Tata group, a day after Chandrasekaran announced that he would not seek reappointment for a third term as chairman. N Chandrasekaran, Chairman, Tata Sons speaks during the foundation stone laying ceremony for India’s First AI-enabled Semiconductor Fab manufacturing facilities in Dholera, Gujarat, India, March 13, 2024. (REUTERS) The Sir Dorabji Tata Trust (SDTT), which is among the charitable trusts that together hold nearly two-thirds of Tata Sons, said its trustees had decided to begin the process of setting up a selection committee to recommend the next chairman of the Tata Sons board, according to a PTI report. The Trusts specifically acknowledged Chandrasekaran’s contribution during a period of “significant change, growth and transformation” across the Tata group. Chandrasekaran, who has led Tata Sons since 2017, announced on Wednesday that he would not offer himself for reappointment as chairman for a third term. The decision came amid a lack of unanimity within the Tata …

Tata Trusts begin process to find Chandrasekaran's successor, set up committee

Tata Trusts begin process to find Chandrasekaran's successor, set up committee

Published by Webster

The Tata Trusts have initiated the process of finding a successor to Tata Sons Chairman N Chandrasekaran, a day after he announced that he would not offer himself for reappointment when his current term ends on February 20, 2027. In a statement issued on Thursday, the Sir Dorabji Tata Trust said its trustees had passed a resolution to initiate the setting up of a Selection Committee as soon as possible, in accordance with the Articles of Association of Tata Sons. The committee will recommend a candidate for appointment as the new Chairman of the Tata Sons Board of Directors. A press release issued by Tata Trusts states,”On 12th August 2026, our nominee directors received an email from Mr. N Chandrasekaran, Chairman, Tata Sons Private Limited, wherein he conveyed his decision to not offer himself for re-appointment as Chairman upon the expiry of his… pic.twitter.com/f4ocXY6nxQ — Press Trust of India (@PTI_News) August 13, 2026 The move formally begins the succession process for one of India’s largest business groups, although the Trust did not name any potential …

N Chandrasekaran steps down as Tata Sons Chairman; says ‘I’m grateful for the opportunity that I was provided’

N Chandrasekaran steps down as Tata Sons Chairman; says ‘I’m grateful for the opportunity that I was provided’

Published by Webster

Tata Sons Chairman N Chandrasekaran on August has announced that he will be stepping down as the Tata Sons’ Chairman. Tata Sons is one the holding company of the Tata Group. His resignation comes days ahead of the conglomerate’s August 18 annual general meeting (AGM). However, Chandrasekaran will continue to serve as chairman until the completion of his current term in February 2027, the source said. The development comes amid uncertainty over his reappointment and reported differences between Tata Sons and Tata Trusts. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Former Ethiopian Airlines chief Tewolde Gebremariam appointed as new Air India CEO and MD

Former Ethiopian Airlines chief Tewolde Gebremariam appointed as new Air India CEO and MD

Published by Webster

Air India has appointed Tewolde Gebremariam, one of the world’s most recognised and successful aviation chief executives, as its new Chief Executive Officer (CEO) and Managing Director, succeeding Campbell Wilson, The appointment was announced by the airline’s Board of Directors, which said Gebremariam was selected after a detailed global search process involving internal and external candidates. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Tata Motors aims for over 20% PV market share by 2030, hints Chairman N Chandrasekaran

Tata Motors aims for over 20% PV market share by 2030, hints Chairman N Chandrasekaran

Published by Parlour News

Tata Motors is aiming for significant growth in the Indian passenger vehicle market. The carmaker is aiming for a 20% market share in the segment as the Indian passenger vehicle market is poised to see 60 lakh cars being sold across the country by 2030, hinted the company’s Chairman N Chandrasekaran. At the Tata Motors Passenger Vehicles (TMPV) dealer business planning meet 2026, Chandrasekaran also said that the company has already committed significant capital investment of ₹35,000 crore by 2030 and will recalibrate the plan. Tata Motors held 13.48% market share in the Indian passenger vehicle market in FY26, and now the company aims to take it over 20% by 2030. Tata Motors is currently the second top player in the Indian passenger vehicle market, right next to the country’s biggest carmaker in terms of volumes, Maruti Suzuki. In FY2026, Tata Motors held a 13.48% market share in the overall Indian domestic passenger vehicle market, selling 631,387 units. In the fast-growing electric vehicle segment, Tata maintained its dominance with a 40.2% overall market share. Now, …

‘Scale, speed, and the entire stack’: Sam Altman on why India matters to OpenAI | Technology News

‘Scale, speed, and the entire stack’: Sam Altman on why India matters to OpenAI | Technology News

Published by Parlour News

“What’s happening here with AI is scale, speed, and the entire stack. The energy in India is remarkable to watch,” OpenAI CEO Sam Altman said at the OpenAI India event on Thursday, February 19, in New Delhi.  Earlier in the day, the AI company launched a major initiative named OpenAI For India at the AI Impact Summit 2026. The ChatGPT-maker also entered a massive AI infrastructure partnership with IT giant Tata Consultancy Services (TCS) to harness local AI data centre facilities.  At the event, when asked what was the thinking behind the decision to say ‘now in India’, Altman said that the sheer scale and the deep partnership with India make everything worth it.  “This relationship will be critical to see it develop, but it will really help us deliver on the promise of AI.” On the trajectory of AI When asked how AI has transformed in the last few years, Altman shared that 10 years ago, AI could, for the first time, add two large numbers, and that was considered incredible. “Two years ago, …

PGTI President Kapil Dev thanks TATA Chairman N Chandrasekaran for support to Indian golf

PGTI President Kapil Dev thanks TATA Chairman N Chandrasekaran for support to Indian golf

Published by Webster

Professional Golf Tour of India (PGTI) President and Indian cricket legend Mr. Kapil Dev had a meeting with TATA Sons Chairman Mr. N Chandrasekaran in Mumbai on Tuesday. In the meeting held at Bombay House, the headquarters of TATA Sons in Mumbai, Mr. Kapil Dev personally expressed his gratitude to Mr. N Chandrasekaran for the TATA Group’s unwavering support and invaluable contribution to the growth of professional golf in India. The long-standing partnership between PGTI and the TATA Group has helped elevate the standard of the sport in India. TATA Steel had been a tournament title sponsor on the PGTI since the latter’s inception in 2006. Then in 2019 TATA Steel came on board as the Umbrella Partner of the PGTI. TATA Steel has been sponsoring PGTI’s year-end Tour Championship, featuring an elite field, since 2019. The TATA Steel Tour Championship continues to be the richest event on the PGTI as it offers a prize purse of INR 3 crore. The event has been staged at the pristine Beldih & Golmuri Golf Courses in ‘Steel …

Tata Group Veteran R Krishnakumar Dies At 84

Published by Webster

R Krishnakumar, the Padma Shri awardee, suffered a heart attack at his home Mumbai: R Krishnakumar, a close aide of Ratan Tata and a group veteran, died Sunday evening, officials said. Kerala-born Krishnakumar, who had served at multiple positions in the group, including heading its hospitality arm Indian Hotels, was 84. The Padma Shri awardee suffered a heart attack at his home in the financial capital on Sunday, they said. Tata Sons’ current chairman N Chandrasekaran offered condolences for Krishnakumar’s “enormous contribution” to the Tata Group. “I had the good fortune of knowing him and what stood out was his deep sense of compassion as a human being. He always wanted to help the less privileged and positively impact their lives. We pray for his departed soul and will sorely miss him,” Mr Chandrasekaran said in a statement. Kerala Chief Minister Pinarayi Vijayan tweeted that Thalassery-born Krishnakumar helped strengthen the ties of the group with the southern state and offered condolences to the family. Krishnakumar had been active with the Tata Trusts after his retirement …