Tata trust

Tata Trusts named Tata group veteran Srinath Narasimhan as their first chief executive in Feb 2020, signalling a shift to a more professional leadership framework at the Trust.The post of chief executive was created and a hunt for a suitable candidate began after R. Venkataramanan stepped down as the managing trustee in 2019. During the search period, operations of Tata Trusts were managed by Ratan Tata, chairman of Tata Trusts, along with a core group of officials. The search that lasted about 10 months was led by a committee headed by him. Narasimhan was also managing director of Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd. Tata Trusts, which own 66% of Tata Sons was earlier led by a managing trustee, along with 20 trustees. Mehli and the late Cyrus Mistry’s mothers are sisters but the relationship between the cousins had soured after the latter became the chairman of Tata Sons in 2012.Mehli Mistry, is seen as a confidant of Ratan Tata, runs about a dozen companies, with interests ranging from paint distribution to logistics, travel and automotive dealership. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Vodafone Idea Ltd (Vi) proposes to infuse a total equity of ₹14,000 crore in the near term as part of its business revival plan, said people with knowledge of ongoing discussions. This will see existing promoters Aditya Birla Group (ABG) and UK’s Vodafone Group Plc infuse half the overall amount, they said. As ...

MUMBAI: Officials close to the trusts said the intent of these institutions has always been to carry out philanthropic activities, with or without tax exemptions. However, the trusts could find themselves in a precarious position if they lose the ongoing legal tussle with the I-T department, added the officials. “...It is important to appreciate that in its essence the Trust was established for undertaking charitable activities. The Trust has not lost its character as a charity; it has only given up the registration. The Trust does not derive its identity as a charity from the Income Tax Act. The registration only confers certain benefits because the Trust is a charity,” said the reply filed by one of the six trusts, which was reviewed by ET. On October 31, the office of the principal commissioner of income tax (Mumbai) cancelled the registration of six Tata trusts — Jamsetji Tata Trust, RD Tata Trust, Tata Education Trust, Tata Social Welfare Trust, Sarvajanik Seva Trust, and Navajbai Ratan Tata Trust — for alleged violation of the Income-Tax Act. “If we are forced to pay the arrears after the long-drawn legal process, we might as well fold up. And that will be a big loss to our nation,” said an official close to the trusts. While the tax department has not yet sent a demand notice, sources in the Trusts said they will have to pay upfront 20% of the estimated Rs 12,000-crore tax demand before approaching the Income Tax Appellate Tribunal (ITAT). These sources added that t...

Opinions Culture is the currency for change A unique social arts-based behaviour change campaign in Rajasthan is demonstrating how culture and storytelling can drive behaviour change at the grassroots, write Parikshit Singh Tomar, behaviour change expert and Pankaj Papnoi, team leader (WaSH) at the Centre for microFinance (CmF) About Tata Trusts In a country that is home to the world’s second-largest population, when one of its largest organisations providentially happens to be a philanthropic organisation, it raises hopes for a promising and sustainable future. For people across the country, the Tata Trusts symbolise humanitarianism and personify the prodigious force that advances new frontiers of social and economic development. A dream that lives on The journey of a million smiles began in 1892 with Jamsetji Tata, the pioneer, visionary and founder of the Tata Group, setting up the JN Tata Endowment for higher education of Indians. Regarded as the 'Father of Indian Industry' and one of the most important builders of the modern Indian economy, Jamsetji introduced the apprentice system at work, crèches and primary classes for... Know more • • •

Since the Tata group was formed more than 150 years ago, it has served as the custodian of public good, dedicated to making a positive social impact. 66% of Tata Sons’ equity is held by the Tata Trusts and dividends flow directly to support the philanthropic work of the Trusts. Over the past century and a half, the Tata group has calibrated its mission to address India’s most urgent needs. Check the carousel below to access sector-specific stories and initiatives. To encourage collaborative volunteering across group companies and leverage the combined power of over 700,000 Tata employees, their family members and retirees across the globe, we introduced a group-level volunteering platform, Tata Engage in 2014. The Tata Engage platform helps volunteers to engage with the community by contributing their time and skills through the three distinct formats – experiential volunteering events through Tata Volunteering Weeks, skill-based, weekend projects through ProEngage and volunteering for Tata Disaster Responses. Over the past five years, the Tata group has clocked over 1 million volunteering hours annually, placing us among the top 15 corporate volunteering programs globally. In FY20, the group achieved 1.52 million volunteering hours, creating a milestone with hours in excess of 1.5 million for the first time.

“The Tata Trusts regret the trust deficit between the (former) Chairman of the Tata Group and the Trusts," a spokesperson of the trust said after the group’s board unceremoniously fired the chairman. If there is one word that describes the character of the Tata group and the Tata brand, it is “trust". The Tata group has a unique structure in which 66% of shares in the group’s holding company, Tata Sons Ltd, are owned by charitable trusts. The profits of the group’s companies enable the trusts to address wider societal issues. The Tata brand’s distinction is the trust of society earned by the values by which the Tata group and its companies operate. In those years, foreign travel was extremely restricted. The Reserve Bank of India (RBI) would provide a very small allowance in foreign exchange only for a few days. Moreover, import restrictions were severe: travellers could bring back only Rs500 worth of goods. I was returning after seven days in Singapore on a business trip, for which I had been allocated a total of £60 for hotels, food, and transport. Colleagues and friends were expecting me to bring something “foreign" back for them. I could save very little, with which I bought a bag-full of cheap ball pens and toys from the Chinese emporium as gifts for them. The customs agent at the airport made me empty the whole bag and strew everything to the amusement of others in line at the customs clearance counter. Their amusement turned to irritation as the customs agent made m...

NEW DELHI, June 14 (Reuters) - India's Tata Steel Steel production generates up to 9% of global carbon emissions, according to the World Steel Association, and producers across the globe are investing in technology that can help reduce their share of pollution. The two companies will hold technical discussions and demonstrate a decarbonisation technology developed by the SMS group at a blast furnace in Tata's Jamshedpur plant in eastern India as part of the agreement, Tata Steel said. The objective of the demonstration will be to reduce carbon dioxide emissions by more than 50% from the blast furnace's baseline operation, it added. "India being the second largest steel producer in the world also places a huge responsibility on large manufacturers like Tata Steel to lead the country's decarbonisation journey," Tata Steel Chief Executive Officer T.V. Narendran said. The company said it has set a target of achieving net zero carbon emissions by 2045. category · June 15, 2023 · 5:26 PM UTC A proposed European Union shake-up of the environmental, social and governance (ESG) ratings industry will bring much-needed transparency but fall short of the standardisation some in the market say is needed to stop the scores confusing investors and companies. •

Overview In a country that is home to the world’s second-largest population, when one of its largest enterprises providentially happens to be a philanthropic organisation, it raises hopes for a promising and sustainable future. For people across the country, the Tata Trusts symbolise humanitarianism and personify the prodigious force that advances new frontiers of social and economic development. A dream that lives on The journey of a million smiles began in 1892 with Jamsetji Tata, the pioneer, visionary and founder of the Tata Group, setting up the JN Tata Endowment for higher education of Indians. Regarded as the 'Father of Indian Industry' and one of the most important builders of the modern Indian economy, Jamsetji introduced the apprentice system at work, crèches and primary classes for children of women mill workers, and free medical help to all employees. Other benefits for the well-being of his staff that were weaved into the policies of several of his propitious ventures included gratuitous pension fund, provident fund, maternity benefit allowance and a compensation fund for accidents for all employees – all of which were ahead of their times. It was during his time that he pioneered the organised flat system of housing and also built the opulent Taj Mahal Hotel. Jamsetji’s dreams of building a modern steel plant, a hydroelectric power plant and a university of science were fulfilled by his sons — Sir Ratan Tata and Sir Dorabji Tata, who went on to grow his busin...

In addition to boosting productivity and health, gender parity, and career prospects, education is essential for reducing poverty. It can be regarded as the most significant investment for advancement and the cornerstone of the country’s socio-economic development. The Tata Trust Foundation established a scholarship program for students who want to enroll in graduate and postgraduate programs in order to advance their education. Tata Trust Medical and Healthcare Scholarship are launched for students who belong to economically weaker families and can’t afford higher education. Meritorious students are given scholarships under this scheme to cover their educational expenses. Table of Contents • • • • • • • • • • • • • Tata Trust Medical and Healthcare Scholarship Tata Trust is the most reputed and prestigious foundation which is developed by Jamshedji Tata. The Tata Trust launched various scholarships for talented students to offer them financial help for their education. The • This scholarship is introduced mainly for students who are enrolled in medical and healthcare programs such as M.Sc in Neuroscience, Masters in Speech Therapy, Aircraft Maintenance Engineering, and B.Ed & M.Ed in Special Education. • The application period will run from November 21 to December 2023. Within 24 hours of submitting the application form, applicants will also be required to provide the necessary documentation to [email protected]. • The application must be completed in one sitting an...