As the Trusts' chairman and Tata Sons' director, Noel will significantly influence the selection of the next Tata Sons chairman in 2028, when Mr Chandrasekaran's tenure ends.

Ratan Tata's assets, estimated at over ₹10,000 crore, include a 0.83 percent stake in Tata Sons, the holding company of the $165-billion Tata Group.

The details of Ratan Tata's will are private, his net worth was estimated at Rs 7,900 crore by Hurun India Rich List 2024.

The board of Tata Trusts convened on Friday morning and approved the appointment of Noel Tata as the chair of Tata Trusts

One of the country’s most revered business leaders, RatanTata was a pioneer in business who did not shy away from taking bold bets

Tata Group stocks have shown significant growth this year, registering a 15.4% surge in collective market capitalisation since June.

If the deal proceeds, it will mark Tata Group’s exit from the content and entertainment sector, following its previous divestiture of the consumer mobility business to Bharti Airtel in 2017

Mercedes-Maybach EQS, MG Windsor EV, Tata Nexon CNG, new-gen Maruti Suzuki Dzire, Tata Curvv ICE, and Hyundai Alcazar facelift are set to hit the road in September.

The debt repayment and the return of the registration certificate to RBI are to avoid the mandatory listing of the company's shares on the stock exchange.