Friction # 15: Tata trusts in clean-up mode, aim to leave past behind

Significant, company-defining things are taking place at the Tata group. I want to talk about that today. 

Despite its image as one of the shining beacons of an ethical corporate enterprise, if you look closely, a regulatory overhang has dogged the Tata group for over four years now. Be it over allegations of its corporate governance standards, the tax exemptions enjoyed by the Tata trusts, or an investigation against a former managing trustee. To top it all, there is also the ongoing legal battle with investment firms owned by former group chairman Cyrus Mistry. 

Six Tata trusts had lost their …


Jayshree P. Upadhyay

Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.