N Chandrasekaran will step down as chairman of Tata Sons when his current term ends on February 20, 2027, ending his tenure after the board failed to reach a unanimous decision on his reappointment.

Chandrasekaran has decided not to seek another term and has asked the Tata Sons board to begin the succession process, stressing the importance of leadership clarity for employees, investors and other stakeholders.

The decision follows reported differences between Tata Sons and Tata Trusts, which holds a 66% stake in Tata Sons. Tata Trusts had recommended a five-year extension for Chandrasekaran, but the proposal did not receive unanimous support from the Tata Sons board.

The reported disagreements involve representation, the group's future strategy, Air India's losses and the possibility of Tata Sons eventually being listed.

N Chandrasekaran to Exit Tata Sons Chairmanship in February 2027

Bollywood actress Jacqueline Fernandez has said that her Fixed Deposits (FDs), which the Enforcement Directorate (ED) has attached in connection with the Rs 200 crore PMLA case involving multimillionaire conman Sukesh Chandrashekhar, are her hard-earned money and not proceeds of crime. 
 
Jacqueline in her reply furnished before the concerned authority said that she made the FDs before having any links with the conman. It was her income which was legal and tax was also paid on it, she added. 
 
"It is my own earned money. At that time Chandrashekhar didn`t exist in this world. This should be released. The allegations against me is that I received gifts from him," she said in her reply. 
 
Recently, the ED attached a number of Jacqueline`s FDs claiming it was tainted money. The agency has also filed second supplementary chargesheet recently in the matter against the actress.

Bollywood actress Jacqueline Fernandez has said that her Fixed Deposits (FDs), which the Enforcement Directorate (ED) has attached in connection with the Rs 200 crore PMLA case involving multimillionaire conman Sukesh Chandrashekhar, are her hard-earned money and not proceeds of crime.

Bollywood actress Jacqueline Fernandez has said that her Fixed Deposits (FDs), which the Enforcement Directorate (ED) has attached in connection with the Rs 200 crore PMLA case involving multimillionaire conman Sukesh Chandrashekhar, are her hard-earned money and not proceeds of crime. Jacqueline in her reply furnished before the concerned authority said that she made the FDs before having any links with the conman. It was her income which was legal and tax was also paid on it, she added. "It is my own earned money. At that time Chandrashekhar didn`t exist in this world. This should be released. The allegations against me is that I received gifts from him," she said in her reply. Recently, the ED attached a number of Jacqueline`s FDs claiming it was tainted money. The agency has also filed second supplementary chargesheet recently in the matter against the actress.

'It's my hard-earned money, not proceeds of crime', Jacqueline Fernandez on FDs attached by ED

India&#39;s Tata conglomerate is interested in bidding for state-owned Air India as the group needs to increase the sizes of its aviation business, its boss told television channel CNBC TV18 in an interview on Monday.

Tata would &quot;definitely look&quot; at Air India once the government finalised the privatisation process, N. Chandrasekaran, chairman of Tata group&rsquo;s holding company Tata Sons, told the channel.

He said Tata, which already has two small airline joint ventures in India, one with Singapore Airlines and the other with Malaysia&#39;s AirAsia Bhd, was still not clear about what a sale would look like.

The government has not said whether it will sell all or parts of Air India and what it might do about the loss-making airline&#39;s debt burden of $8.5 billion.

&quot;We still don&#39;t have all the details,&quot; Chandrasekaran said. &quot;We have two airlines, both are subscale. I feel scale is important.&quot;

When asked whether Tata had spoken to Singapore Airlines about its interest in bidding for Air India, Chandrasekaran said: &quot;Do you think I would have not?&quot;

Tata&#39;s interest in Air India has been reported but Chandrasekaran had not spoken publicly about a possible bid.

Prime Minister Narendra Modi&#39;s cabinet in June gave the go-ahead to sell Air India, which has received $3.6 billion since 2012 in state aid.

Last month the government invited bids to appoint financial and legal advisors for the sale process.

Some companies including low-cost Indian carrier IndiGo, owned by InterGlobe Aviation, ground handling company Bird Group and Turkey&#39;s Celebi Aviation Holdings have expressed an interest in buying some of Air India&#39;s various businesses.

Air India, founded in 1930s by the Tata Group, is saddled with debts and a bloated cost structure.

Once the nation&#39;s largest carrier, its market share in the booming domestic market has slumped to 13 percent as private carriers expanded.

In Monday&#39;s interview, Chandrasekaran also said &quot;all options are on the table&quot; when asked about the future of its struggling telecoms unit Tata Teleservices.

The Economic Times said earlier this month that Tata had told the government it intended to shut down Tata Teleservices.

&quot;I will have to take a tough call and I will,&quot; Chandrasekaran said, adding that a solution would be found this financial year because Tata could not continue to pump in cash to fund the company.

Chandrasekaran also said the group was focusing on improving returns at Tata Motors and ending production of its loss-making Nano car would make little difference to the firm&#39;s profitability.

British luxury carmaker Jaguar Land Rover has long been the main source of revenues and profits at Tata Motors.

The company has said it will invest more than 40 billion rupees ($612 million) to boost sales of its passenger and commercial vehicles and return to profit in its domestic business.

 
&nbsp;

Tata would 'definitely look' at Air India once the government has finalised the privatisation process, N Chandrasekaran said

India's Tata conglomerate is interested in bidding for state-owned Air India as the group needs to increase the sizes of its aviation business, its boss told television channel CNBC TV18 in an interview on Monday. Tata would "definitely look" at Air India once the government finalised the privatisation process, N. Chandrasekaran, chairman of Tata group’s holding company Tata Sons, told the channel. He said Tata, which already has two small airline joint ventures in India, one with Singapore Airlines and the other with Malaysia's AirAsia Bhd, was still not clear about what a sale would look like. The government has not said whether it will sell all or parts of Air India and what it might do about the loss-making airline's debt burden of $8.5 billion. "We still don't have all the details," Chandrasekaran said. "We have two airlines, both are subscale. I feel scale is important." When asked whether Tata had spoken to Singapore Airlines about its interest in bidding for Air India, Chandrasekaran said: "Do you think I would have not?" Tata's interest in Air India has been reported but Chandrasekaran had not spoken publicly about a possible bid. Prime Minister Narendra Modi's cabinet in June gave the go-ahead to sell Air India, which has received $3.6 billion since 2012 in state aid. Last month the government invited bids to appoint financial and legal advisors for the sale process. Some companies including low-cost Indian carrier IndiGo, owned by InterGlobe Aviation, ground handling company Bird Group and Turkey's Celebi Aviation Holdings have expressed an interest in buying some of Air India's various businesses. Air India, founded in 1930s by the Tata Group, is saddled with debts and a bloated cost structure. Once the nation's largest carrier, its market share in the booming domestic market has slumped to 13 percent as private carriers expanded. In Monday's interview, Chandrasekaran also said "all options are on the table" when asked about the future of its struggling telecoms unit Tata Teleservices. The Economic Times said earlier this month that Tata had told the government it intended to shut down Tata Teleservices. "I will have to take a tough call and I will," Chandrasekaran said, adding that a solution would be found this financial year because Tata could not continue to pump in cash to fund the company. Chandrasekaran also said the group was focusing on improving returns at Tata Motors and ending production of its loss-making Nano car would make little difference to the firm's profitability. British luxury carmaker Jaguar Land Rover has long been the main source of revenues and profits at Tata Motors. The company has said it will invest more than 40 billion rupees ($612 million) to boost sales of its passenger and commercial vehicles and return to profit in its domestic business.

Tata interested in bidding for Air India: Tata Sons chairman

N Chandrasekaran, or Chandra as he is fondly known, took over as the chairman of Tata Sons on Tuesday.

He will be the first non-Parsi to become chairman of Tata Sons -- India&#39;s most diversified business group.

He replaces ex-Chairman Cyrus Mistry, who was unceremoniously driven out of the company on October 24, 2016, and Ratan Tata who had been interim chairman after Mistry.

Chandra, before entering Bombay House, said he &quot;will do everything we need to do, to delight (the) people who are proud of the group&quot;.&nbsp;

Chandra, a former Tata Consultancy Services CEO and MD, has taken the corner office at Bombay House, with investors cheering the move.

The stocks of listed Tata Group companies were in the green, rising between 36 bps and 2% from their previous close.

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Will do everything we need to do,to delight people who are proud of the group: N.Chandrasekaran(he will take over as chairman of Tata Sons ) <a href="https://t.co/SlJgFTTJTF">pic.twitter.com/SlJgFTTJTF</a>
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Mumbai: N.Chandrasekaran reaches Bombay House, he will take over as chairman of Tata Sons today. <a href="https://t.co/ZW6PXZS3qu">pic.twitter.com/ZW6PXZS3qu</a>
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Mumbai: Ratan Tata also reached Bombay House, he was serving as interim-chairman of Tata Sons, will handover the charge to N.Chandrasekaran. <a href="https://t.co/TDeyPCqVrz">pic.twitter.com/TDeyPCqVrz</a>
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Speaking to reporters on Tuesday, Natarajan said he would do his best to keep enhancing the company&#39;s goodwill.

&quot;The group is in the hearts and minds of people in India and globally. We will work together to drive discipline on capital allocation and shareholder returns. The company has always shown tremendous spirits in terms of pioneering and leadership,&quot; he said.

On Monday, Chandra was also appointed the non-executive chairman of TCS effective February 21.

Chandrasekaran joined TCS in 1987 after completing his education in computer applications from Royal Engineering College, Trichy in India&#39;s southern state of Tamil Nadu.

(WION)

'Will do everything we need to do to delight people who are proud of the group,' he says

N Chandrasekaran, or Chandra as he is fondly known, took over as the chairman of Tata Sons on Tuesday. He will be the first non-Parsi to become chairman of Tata Sons -- India's most diversified business group. He replaces ex-Chairman Cyrus Mistry, who was unceremoniously driven out of the company on October 24, 2016, and Ratan Tata who had been interim chairman after Mistry. Chandra, before entering Bombay House, said he "will do everything we need to do, to delight (the) people who are proud of the group". Chandra, a former Tata Consultancy Services CEO and MD, has taken the corner office at Bombay House, with investors cheering the move. The stocks of listed Tata Group companies were in the green, rising between 36 bps and 2% from their previous close. Will do everything we need to do,to delight people who are proud of the group: N.Chandrasekaran(he will take over as chairman of Tata Sons ) pic.twitter.com/SlJgFTTJTF — ANI (@ANI_news) February 21, 2017 × Mumbai: N.Chandrasekaran reaches Bombay House, he will take over as chairman of Tata Sons today. pic.twitter.com/ZW6PXZS3qu — ANI (@ANI_news) February 21, 2017 × Mumbai: Ratan Tata also reached Bombay House, he was serving as interim-chairman of Tata Sons, will handover the charge to N.Chandrasekaran. pic.twitter.com/TDeyPCqVrz — ANI (@ANI_news) February 21, 2017 × Speaking to reporters on Tuesday, Natarajan said he would do his best to keep enhancing the company's goodwill. "The group is in the hearts and minds of people in India and globally. We will work together to drive discipline on capital allocation and shareholder returns. The company has always shown tremendous spirits in terms of pioneering and leadership," he said. On Monday, Chandra was also appointed the non-executive chairman of TCS effective February 21. Chandrasekaran joined TCS in 1987 after completing his education in computer applications from Royal Engineering College, Trichy in India's southern state of Tamil Nadu. (WION)

N Chandrasekaran takes over as Tata Sons chairman, investors cheer

Tata Sons&#39; board has named Tata Consultancy Services head N Chandrasekaran as the chairman of Tata Sons

Rajesh Gopinath will become the chairman of Tata Consultancy Services (TCS), the position that was so far occupied by Chandrasekaran.

The $100-billion conglomerate Tata Sons, the holding company of the listed Tata group companies in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt, had ousted its chairman Cyrus Mistry in October.

&quot;I will reach out to everyone. Chairmanship of Tata Sons is a huge responsibility,&quot; the incoming chairman said.

Ratan&nbsp;Tata, patriarch of one of India&#39;s most influential families, had taken over as interim chairman of&nbsp;Tata&nbsp;Sons after the board ousted Mistry.

TCS head N&nbsp;Chandrasekaran has been widely rumoured to be one of the leading contenders to replace Mistry.&nbsp;In October, Tata Sons&#39; board had set up a five-member selection committee that included Ratan Tata to choose a new chairman within the next four months.

A masters degree holder in computer applications, Chandrasekaran joined the group in 1987, and rose through the ranks to become TCS CEO in 2009.

He was named to the&nbsp;Tata&nbsp;Sons board in October, after Mistry&#39;s ouster. Chandrasekaran also serves on the board of Reserve Bank of India.

A short bio on the central bank&#39;s website describes him as an avid photographer, music aficionado and a passionate long-distance runner who has completed marathons across the world.

TCS is India&#39;s largest software services exporter and registered a 10.9 per cent rise in profit for the quarter to December. TCS is the most lucrative wing of Tata Sons.

Mistry&#39;s removal from the Tata board ignited a bitter public spat in recent weeks.

Mistry laid out three sets of allegations: breaches of governance within the Tata&nbsp;group; misconduct at&nbsp;Tata&nbsp;ventures; and the illegality of his ouster.

Tata&nbsp;Sons&nbsp;denies Mistry&#39;s allegations and says it has followed the highest standards of corporate governance.

(WION with inputs from Reuters)

Rajesh Gopinathan will take over as Tata Consultancy Services chairman -- the position vacated by Chandrasekaran

Tata Sons' board has named Tata Consultancy Services head N Chandrasekaran as the chairman of Tata Sons Rajesh Gopinath will become the chairman of Tata Consultancy Services (TCS), the position that was so far occupied by Chandrasekaran. The $100-billion conglomerate Tata Sons, the holding company of the listed Tata group companies in a business empire ranging from Jaguar Land Rover and steel mills to aviation and salt, had ousted its chairman Cyrus Mistry in October. "I will reach out to everyone. Chairmanship of Tata Sons is a huge responsibility," the incoming chairman said. Ratan Tata, patriarch of one of India's most influential families, had taken over as interim chairman of Tata Sons after the board ousted Mistry. TCS head N Chandrasekaran has been widely rumoured to be one of the leading contenders to replace Mistry. In October, Tata Sons' board had set up a five-member selection committee that included Ratan Tata to choose a new chairman within the next four months. A masters degree holder in computer applications, Chandrasekaran joined the group in 1987, and rose through the ranks to become TCS CEO in 2009. He was named to the Tata Sons board in October, after Mistry's ouster. Chandrasekaran also serves on the board of Reserve Bank of India. A short bio on the central bank's website describes him as an avid photographer, music aficionado and a passionate long-distance runner who has completed marathons across the world. TCS is India's largest software services exporter and registered a 10.9 per cent rise in profit for the quarter to December. TCS is the most lucrative wing of Tata Sons. Mistry's removal from the Tata board ignited a bitter public spat in recent weeks. Mistry laid out three sets of allegations: breaches of governance within the Tata group; misconduct at Tata ventures; and the illegality of his ouster. Tata Sons denies Mistry's allegations and says it has followed the highest standards of corporate governance. (WION with inputs from Reuters)

N Chandrasekaran named Tata Sons chairman

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