TATAINVEST

Aug 4 (Reuters) - Tata Investment Corporation Ltd TINV.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.46 BILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.45 BILLION RUPEES

• APPROVES 1:10 SHARE SPLIT

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April 21 (Reuters) - Tata Investment Corporation Ltd TINV.NS:

• TATA INVESTMENT CORPORATION - RECOMMENDED A DIVIDEND OF 27 RUPEES PER ORDINARY SHARE

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Oct 31 (Reuters) - Tata Investment Corporation Ltd TINV.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.24 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.42 BILLION RUPEES

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Adds former Tata executive comment paragraph 7-8

By Aditya Kalra and Aditi Shah

NEW DELHI, Oct 11 (Reuters) - The half-brother of Ratan Tata was appointed on Friday as the head of the powerful and influential philanthropic arm of India's Tata group, giving him indirect control of the $165 billion conglomerate.

Tata Trusts said Noel Tata, 67, will be its new chairman after the death this week of Ratan Tata, one of India's best-known corporate titans. The decision followed "many old-timers" in the group wanting him to lead the venture, said one Tata executive.

The parent company, Tata Sons, oversees 30 firms across consumer goods, hotels, automobiles and airlines and has become a global juggernaut over the years, with brands such as Jaguar Land Rover and Tetley Tea in its stable.

It owns Tata Consultancy Services, Taj Hotels and Air India and counts Starbucks SBUX.O and Airbus as partners in India.

Tata Trusts has a 66% ownership of Tata Sons, giving it power over big investment, philanthropic and strategic decisions by the conglomerate, company executives say.

Noel Tata, who is half-French, was already among the many trustees of the philanthropic arm, and also vice chairman of Tata Steel TISC.NS and chairman of Tata's popular retail fashion brand Trent.

"Noel is well versed with how Tata businesses are run. In retail, many people thought how will Tata compete with the big retailers. Noel has shown it," said Sanjay Singh, a former Tata Sons executive who retired in 2019.

"He has kept a low profile so the outer world doesn’t know him well, but he is quintessential Tata."

The trust earns dividends from Tata Sons but has no direct say over its operations. However, it appoints a third of the directors to Tata Sons who have veto power over board decisions.

The chairman of Tata Trusts "is powerful enough to decide board and key personnel" appointments at Tata Sons, a second senior company executive said.

While Tata Sons is not compelled to seek advice or guidance from the philanthropic arm, it's an "unsaid understanding" that there is consultation between leadership on both sides, the first executive added.

NOEL'S JOURNEY

The Tata group was set up in 1868 by Ratan's great grandfather, Jamsetji Tata.

A few years later, Jamsetji started charity work that has since expanded to sectors such as healthcare and sports, through many of the trusts in the philanthropic arm.

Ratan Tata started working at the family firm in 1962 and became the chairman of Tata Sons in 1991, taking the group to new heights while gaining a reputation as an extremely shy, soft-spoken executive with sharp business acumen.

Noel Tata is a graduate of Sussex University who has been associated with the group for more than 40 years. He serves on the board of various Tata companies.

As a previous managing director of Tata International, Noel grew the turnover of the trading arm to more than $3 billion from $500 million, a Tata Group website said.

The Tatas belong to the tiny Parsi community, which has included some of India's biggest business names, top nuclear scientists, world-class musicians and senior military officers.

Parsis follow the Zoroastrian faith, an ancient pre-Islamic religion of Iran. Some of its tenets, such as charity and doing good to others, have long been woven into the Tata heritage and business ethos.

Much of the dividend paid out by Tata Sons gets funneled into charitable trusts involved in philanthropic work.

Although the trusts' influence over the group is not often on display, the starkest such example was in 2016, when Ratan Tata had a falling out with Tata Sons chairman Cyrus Mistry that led to the latter's ouster.

Mistry, another Parsi billionaire whose family owns a stake of about 18% in Tata Sons, died in a car accident in 2022.

One of his former advisers told Reuters this week that the Tata Trusts "without a doubt" exert unparalleled power over Tata Sons' functions, adding that they "work behind a veil."

Noel is an Irish citizen married to Mistry's sister.

(Reporting by Aditya Kalra and Aditi Shah
Additional reporting by Krishn Kaushik and Tanvi Mehta
Editing by Raju Gopalakrishnan and Frances Kerry)

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Updates, adds Bill Gates quote in paragraph 8, funeral details in 9-12

By Tanvi Mehta

NEW DELHI, Oct 10 (Reuters) - India bade farewell on Thursday to one of its most respected corporate leaders - Ratan Tata, who expanded companies under his brand name into a global behemoth spanning multiple industries.

Ahead of a state funeral, hundreds of people including corporate leaders, politicians and celebrities gathered in India's financial hub Mumbai to pay their last respects to Tata, who died aged 86 on Wednesday.

Known for his exemplary business acumen and philanthropic nature, Tata as chairman led various companies within the Tata conglomerate for more than 20 years. It recorded revenue of $165 billion in 2023-24.

Although in recent years Tata was not as active in the day-to-day running of the group, he was consulted on big decisions by the Tata Sons leadership, a senior company executive told Reuters.

Tata had been in a Mumbai hospital since Monday, but the cause of his death was not immediately made public.

After his death, tributes poured in from around the world, underlining a popularity that transcended boundaries and generations.

"India and the world have lost a giant with a giant heart," U.S. Ambassador Eric Garcetti said on X regarding Tata, who was awarded the Padma Vibhushan, India's second highest civilian honour.

Billionaire philanthropist Bill Gates said on LinkedIn:

"Ratan Tata was a visionary leader whose dedication to improving lives left an indelible mark on India—and the world... His loss will be felt around the world for years to come, but I know the legacy he left and example he set will continue to inspire generations."

Draped in the Indian national flag, Ratan Tata's body was kept at a cultural centre in Mumbai before being cremated with full state honours.

Reliance Industries Chairman Mukesh Ambani, Tata Sons' N. Chandrasekaran and Aditya Birla Group's Kumar Mangalam Birla were among business leaders who paid their last respects.

Other attendees included India's Home Minister Amit Shah, central bank governor Shaktikanta Das, cricketer Sachin Tendulkar and actor Aamir Khan.

A licensed pilot who would occasionally fly the company plane, Tata never married and was known for his quiet demeanour, relatively modest lifestyle and philanthropic work.

His love for animals led him to start the Small Animal Hospital in Mumbai and he often used social media to voice his concern for stray animals. His pet dog was brought to the funeral.

"We will remember his legacy of transformative giving to Cornell," his alma mater Cornell University said on X, calling Tata their most generous international donor.

(Reporting by Tanvi Mehta; editing by Michael Perry and Mark Heinrich)

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Oct 9 (Reuters) -

• CHAIRMAN EMERITUS OF INDIA'S TATA GROUP RATAN TATA IN CRITICAL CONDITION IN INTENSIVE CARE IN MUMBAI HOSPITAL- SOURCES

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Tata Investment Corporation Ltd TINV.NS:

• TATA INVESTMENT CORPORATION JUNE-QUARTER CONSOL NET PROFIT 1.31 BILLION RUPEES

• TATA INVESTMENT CORPORATION JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 1.42 BILLION RUPEES

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Tata Investment Corporation Ltd TINV.NS:

• TATA INVESTMENT CORPORATION LTD - DIVIDEND 28 RUPEESPER SHARE

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March 4 (Reuters) - Tata Investment Corporation Ltd TINV.NS:

• CO NOT ENTERED INTO ANY DISCUSSION FOR INVESTMENT IN ANY SEMI-CONDUCTOR MANUFACTURING

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