Times of India | Mistry pitches for Tata holdco to go public
Shapoor Mistry, representing the largest minority shareholder, advocates for Tata Sons' public listing, calling it essential for stakeholder value and trust income. This follows similar calls from Tata Trusts vice chairmen, amid RBI's proposed NBFC norms. Mistry believes a listing will enhance governance and transparency, potentially easing SP Group's debt pressures.
Times of India | Chandra asks Air India staff to control costs, improve services
Tata Sons chairman N Chandrasekaran urged Air India employees to prioritize cost control and service enhancement, emphasizing the need to acknowledge the airline's challenging reality. He reassured staff of the Tata Group's unwavering commitment and the board's full support, stressing the importance of focused execution and resilience amidst industry headwinds. This comes as CEO Campbell Wilson departs.
Times of India | Will Tata Sons get listing waiver? RBI tweak will make it 'upper NBFC'
The Reserve Bank of India is proposing a simpler asset-size threshold of Rs 1 lakh crore to identify large NBFCs for stricter regulation, replacing a complex scoring system. This change could place Tata Sons, with assets of Rs 1.75 lakh crore, under tighter scrutiny, contingent on its application to surrender its core investment company registration being approved.
undefined | RBI proposes asset-based criteria for PSU inclusion in upper layer NBFC
The Reserve Bank of India has put forward a draft amendment to its “Non‑Banking Financial Companies’ Registration, Exemptions and Framework for Scale‑Based Regulation” that would replace the existing methodology for classifying upper‑layer NBFCs with a simple asset‑size threshold. Under the proposal, any NBFC with assets of **Rs 1 lakh crore or more** would be placed in the upper‑layer (NBFC‑UL) category, and the draft also calls for the inclusion of government‑owned NBFCs that meet this criterion. This shift aims to create a more transparent and absolute basis for identification, moving away from the current multi‑parameter approach.
The move comes as the RBI’s ongoing discussions about the listing requirements for Tata Sons intensify. Tata Sons, which falls under the upper‑layer NBFCs, has not listed its shares despite the October 2025 deadline, even though it reported an asset base of **Rs 1.75 lakh crore** as of March 2025. Existing norms obligate the top‑15 NBFC‑UL entities to be listed, and the new framework would maintain that requirement while also bringing government‑owned NBFCs into the same regulatory tier under an ownership‑neutral regime.
In addition to the asset‑size rule, the RBI draft proposes that all NBFC‑UL entities be permitted to use state‑government guarantees as a credit‑risk‑transfer instrument without any preset limit, provided certain conditions are met. Governor Sanjay Malhotra had earlier signaled that a revised regulatory framework for NBFCs was forthcoming, and this amendment reflects that intent, signalling a broader move toward uniform, size‑based oversight and greater flexibility for capital‑raising mechanisms within the sector.
Read more: undefined
Times of India | Tata Sons' new ventures may lose up to 29k cr
Tata Sons' new ventures face mounting losses, with projections for FY26 reaching Rs 29,000 crore. This sharp increase has raised concerns, impacting leadership decisions. Tata Digital and Air India are major contributors to these losses. A plan to control spending is expected soon. The group is reassessing strategies for these ambitious projects.
TheBadPlace
Mathrubhumi English