Succession

Noel N Tata, Mehli Mistry to Venu Srinivasan: Who's who in Tata Trusts

In the coming days, Tata Trusts will convene to elect a new chairman to succeed Ratan Tata

Daughters Inc: The unfolding of succession at Indian family businesses

Of the 2,348 companies listed on the National Stock Exchange, 510 have women executive directors

Nisaba Godrej resigns as independent director from VIP Industries board

Godrej Consumer's executive chairperson Nisaba Godrej has resigned as an independent director from the board of luggage and travel accessories maker VIP Industries, citing differences over leadership accountability and succession planning. The resignation of Godrej group scion as an independent director came on June 3, VIP Industries said in a stock exchange filing on Tuesday. Godrej in her resignation letter said: "Due to my differing view on leadership accountability and succession planning, I will be resigning from the Board effective June 3rd, 2024." The board of VIP Industries is led by Dilip Piramal as Chairman of the Rs 2,250-crore company. Nisaba Godrej was reappointed to the board of VIP Industries in April 2021 as an independent director and her term was ending on March 31, 2026. She attended all five meetings held in FY23 and has voluntarily waived off receipt of sitting fees for any meetings attended by her, said the annual report of the company. In her resignation le

Who will be Narendra Modi's successor? Here is the Prime Minister's answer

On PM Modi's succession, Delhi Chief Minister Arvind Kejriwal alleged that the PM has decided to make Amit Shah the Prime Minister of the country

Godrej family begins process to untangle cross-holdings in listed entities

Adi/Nadir family to acquire 20.84% in Godrej Inds from Jamshyd/Smita family, and another 12.65% from RKN Enterprises via block deals

Transfer of baton: New-gen leaders to take the reins as Godrej group splits

Each family may sell the shares it holds personally and/or via trusts to the other family in tax-neutral transactions

Adi-Nadir Godrej family makes open offer to acquire Astec Lifesciences

To acquire 20.84% stake in Godrej Industries from Jamshyd Godrej family

Preserving a brand

Amicable Godrej split has a lot riding on it

RJ Corp succession: Jaipuria's son gets food, daughter education and health

Both the RJ Corp companies, Varun Beverages (VBL) and Devyani International (DIL), are named after the founder Ravi Jaipuria children and are listed companies

Only a successor has claim over shares, not a nominee: Supreme Court

The court said that the succession of these instruments (shares and debentures) will be determined by the deceased's Will or as maintained by succession laws

All about property transfer, insurance ULIPs: Top personal finance stories

This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers

Succession planning at pvt banks is a major issue: RBI on board governance

At a first-of-its kind open house with bank boards next month, Mint Road can be expected to do some plain speaking on long-festering issues of management and ethics

No Succession and Game of Thrones as HBO signs out from Disney+ Hotstar

Disney+ Hotstar subscribers in India will not be able to watch Home Box office (HBO) content on the platform after March 31

Lalit Modi names his son as successor beneficiary in KK Modi Family Trust

Former IPL Chairman Lalit Modi on Sunday announced his son Ruchir Modi as his successor beneficiary from his family's side in the KK Modi Family Trust with immediate effect. In a social media post, Modi who has been involved in a legal tussle against his mother Bina Modi and sister Charu over a property dispute in the family, also announced his son as the head of his branch of the family. "The present litigation with my mother and sister, is tedious, strenuous and has gone on for long, and even though there have been several rounds of discussions for settlement, there is no end in sight. It has caused and continues to cause me immense distress," he said in a statement shared on Instagram. Modi, who had earlier shared about his health condition due to COVID-19 infection and pneumonia, requiring external oxygen support in London having been flown from Mexico City, said he had discussed the matter of appointing his son as his successor with daughter Aliya. "I have discussed this with

Billionaire Hinduja brothers end family feud on pact signed in 2014

The fight among Hinduja brothers was caused because of a pact signed by them in 2014 that said that 'everything belongs to everyone and nothing belongs to anyone'

What next for Shapoorji Pallonji Group investors after Mistry's death?

Cyrus Mistry's tragic demise has shocked the business world. It comes two months after his father Pallonji Mistry's demise. So, what next for the multi-billion dollar Shapoorji Pallonji Group?

Make nomination the third route of succession

Even in an august gathering such as the one at Vigyan Bhavan, the percentage of people who had made their Will would be in the low double-digit

Up to 4th line of Hindu descendants can claim share in ancestral wealth

However, assets inherited from one's maternal grandfather are not regarded as ancestral

A casino tycoon & his 17 children are part of real-life Succession drama

To keep public conflicts largely at bay, some of the offspring have gone their own way, leaving management of the casino empire to a select few

What leadership transition means for Reliance Industries

Asia's richest man has announced a leadership transition at Reliance Industries. Ambani's children are already playing different roles in the company. Find out what this transition means for Reliance