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Sunday
May 2019
7:22 PM IST
News Headlines
Twenty-four killed in Afghanistan floods        New Zealand beat India by six wickets in warm-up match        President appoints Modi as Prime Minister        Modi asks NDA MPs to work without discrimination, reach out to minorities        Day after BJP''s massive victory, all eyes now on govt formation        Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls        Surat: 19 students die as fire engulfs commercial complex        Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7        Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8        Nadal, Federer set up potential semifinal at Roland Garros        India, New Zealand seek tune-up in warm-up clash        Federer, Nadal threaten Djokovic bid for historic Slam        Uncertainty over Serena fitness, Osaka form at Roland Garros        Sensex, Nifty hit record highs as early trends hint at NDA win        Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome        Chinese man guilty of defrauding Apple out of 1,500 iPhones        US aviation regulator says Boeing hasn't submitted 737 MAX fix        Indian among 18 people arrested in Nigeria for illegal bunkering        US-Japan vision for Indo-Pacific serves as foundation for global partnership: White House        Rahul elected from Wayanad LS seat        
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Business News
Tata Trusts Managing Trustee R Venkataramanan quits
 
(New Delhi, Feb14, 2019): Tata Trusts on Wednesday said its Managing Trustee R Venkataramanan has resigned from the post to pursue other options. Venkataramanan will relinquish responsibilities as the Managing Trustee /Trustee of the Tata Trusts on March 31, 2019, Tata Trusts said in a statement. A committee of trustees, comprising Ratan N Tata, Chairman of the Trusts, and Vijay Singh and Venu Srinivasan, Vice-Chairmen of the Trusts, has been established with immediate effect to oversee the operations and to select a Chief Executive for the Trusts, it added.

The trustees of the Tata Trusts at a meeting held Wednesday accepted Venkataramanan''s request to be relieved as he had been considering other options, given that he was completing five years as the Trusts'' Executive Trustee / Managing Trustee, it added. The development comes at a time when tax exemption status provided to philanthropic trusts endowed by members of the Tata family, was reportedly withdrawn because of the remuneration paid to Venkataramanan.

He was also subject of investigation by the CBI last year for allegedly trying to manipulate government policies through corrupt means to get an international licence for AirAsia India. Tata Trusts had, however, had come out in support of him. The statement further said the trustees also appointed Noel N Tata, Chairman of Trent Ltd and Managing Director of Tata International, and Jehangir H C Jehangir, a long-standing philanthropist who is currently spearheading the healthcare mission at Jehangir Hospital, Pune, as Trustees of Sir Ratan Tata Trust.


Sensex, Nifty hit record highs as early trends hint at NDA win
Rupee rises 26 paise to 69.40/USD in early trade ahead of Lok Sabha elections outcome
Chinese man guilty of defrauding Apple out of 1,500 iPhones
ILFS crisis: ED conducts fresh raids in Mumbai
Tata Motors shares fall 7 pc post quarterly results
Indices off record highs; Sensex trips 383 pts on profit-booking
Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
KERALA NEWS
Rahul elected from Wayanad LS seat
 Thiruvananthapuram: Congress president Rahul Gandhi was Thursday declared elected from the Wayanad L  
LS polls candidate attacked in Kerala
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
INTERNATIONAL NEWS
Twenty-four killed in Afghanistan floods
 Kabul: At least 24 people were killed and 221 houses destroyed across Afghanistan in heavy floods in
Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7
Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8
US aviation regulator says Boeing hasn't submitted 737 MAX fix
NATIONAL NEWS
President appoints Modi as Prime Minister
 New Delhi: President Ram Nath Kovind on Saturday appointed Narendra Modi as the new Prime Minister.
Day after BJP''s massive victory, all eyes now on govt formation
Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls
Will approach party high command against Sidhu: Amarinder Singh
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