💨 Abstract

Noel Tata, the half-brother of the late Ratan Tata, has been appointed as the chairman of Tata Trusts, the philanthropic arm of the $165 billion Tata group. As the new chair, Tata will have indirect control over the group, as Tata Trusts owns a 66% stake in Tata Sons, the parent company, giving it power over investment, philanthropic, and strategic decisions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖