Tata Sons Defers Chairman Extension Amid Questions on Losses and Capital Allocation

The Tata Sons board deferred a decision on extending executive chairman N Chandrasekaran's tenure following questions raised by Noel Tata, chairman of the Tata Trusts. Noel Tata sought assurances on addressing significant losses at Air India, Tata Digital, and Jaguar Land Rover, managing expenditures in semiconductor and battery sectors, maintaining Tata Sons' unlisted status amid RBI pressure, and facilitating an exit for the Shapoorji Pallonji group, the second-largest shareholder. These issues highlight challenges in capital allocation and financial performance within the conglomerate.