US-Iran War: The ongoing war between the US and Iran is increasingly affecting India. Due to which inflation is increasing every day in some way or the other. Recently the prices of ATF (Aviation Turbine Fuel) have increased. Whose impact is visible on the aviation industry. Due to which airlines are now planning to cut flights.

Air India flights canceled
According to ET reports, Air India has decided to reduce its daily flights. At present, Air India operates 11,00 flights daily including international and domestic. Now according to the new decision, it has been decided to cancel the flights of 100 of these flights, this curtailment is going to last till June.

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Pakistan is also the reason for the gap
In fact, due to increase in fuel prices, Pakistan’s airspace is also closed these days. Due to which, many flights from Europe, North America, Australia and Singapore flying from India have to pass through long routes, which is not only consuming more fuel but also increasing the crew expenses. Due to this also this decision has been taken.

ATF increased again on Friday
Let us tell you that on Friday, the price of ATF i.e. Aviation Turbine Fuel in Delhi has increased from Rs 1,36,082 to Rs 1,43,335 per kilolitre. This increase for the second consecutive month is 5.33 percent. Due to which it is affecting flights also. Earlier on Monday, the Federation of Indian Airlines (FIA), representing IndiGo, Air India and SpiceJet, had warned that if the government does not take steps to reduce the cost burden, the services will remain suspended.

Also read: ATF News: Air fuel prices doubled, prices increased for the second consecutive month, surcharge on foreign travel will increase

Tata Group Shares: Shares of Tata Group companies are going to be in focus these days. Actually, Tata Sons, the holding company of Tata Group, is calling its board meeting on 24th February. In this, the directors of the company are the current chairman N. The proposal to approve Chandrasekaran’s third term can be considered. His current tenure is going to end in February 2027.

Took command for the first time in 2017

Chandrasekaran was elected chairman of Tata Sons for the first time on 21 February 2017. After this, he was re-appointed for 2022 without any consent. Now, an important leadership review is required, which can shape the future strategy of the salt-to-semiconductors group.

The meeting will focus on several big companies of Tata Group like Tata Consultancy Services, Tata Electronics and Air India and their financial and operational performance is also likely to be reviewed.

Tata’s history of providing long term service

If his third term is approved at the board meeting, he will also become the longest serving chairman in the history of Tata Group. Before him, Jamsetji Tata handled the responsibilities of the company well for 36 years, JRD Tata for 52 years and Ratan Tata for 23 years.

Retirement policy relaxation!

With the approval of the proposal, the age limit of 62 year old Chandrasekaran can also be relaxed. Anyway, last year itself, Tata Trusts, the largest shareholder of Tata Sons, had recommended extension of his tenure.

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Tata Trusts Power Struggle: Tata Trust Chairman Noel Tata and Tata Sons Chairman N. Chandrasekaran met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman on Tuesday. During this, differences among the trustees on the issue of appointment of directors and governance in the board of Tata Sons were discussed. On Tuesday, Noel Tata, N. Chandrasekaran, Tata Trusts Vice Chairman Venu Srinivasan and trustee Darius Khambatta reached the Home Minister’s residence in the evening for the meeting, which was also attended by Sitharaman.

What is the matter?

Tata Trust holds about 66 percent stake in Tata Sons. After recent differences, Tata Trusts has been divided into two groups. Noel Tata is in command of one group. Meanwhile, the command of the second group of four members is with Mehul Mistry. The real reason for the dispute between them is regarding the appointment of the board of directors in Tata Sons.

In fact, after the death of Ratan Tata, Noel Tata was elected chairman of Tata Trusts in October 2024. During that time, it was decided that nominee directors of the trusts would be appointed every year in the Tata Sons Board, so that transparency is maintained among all the members of the trust. It is also important to mention here that Mehul Mistry is associated with Shapoorji Pallonji Group, which has 18.37 percent stake in Tata Sons. Now some trustees believe that Noel Tata is keeping them away from many important information. These trustees are not happy with the way Noel Tata is working.

What is Mehul Mistry’s allegation?

Mistry is a big supporter of Ratan Tata and had supported Tata in the fight against late Cyrus Mistry. Mehul says that Noel Tata kept him away from many important information. The main reason for this controversy is regarding board appointment in Tata Sons. Tata Sons handles the affairs of this 156 year old group. It includes about 400 companies including 30 listed companies.

Sources say the controversy started in the meeting held on September 11 when the board of directors of Tata Sons was considering the reappointment of former defense secretary Vijay Singh, who had resigned last month. Vijay Singh is one of the seven trustees of Tata Trust. That Singh did not attend the meeting of September 11, even though his name was in the nomination agenda.

77-year-old Vijay Singh has been the director of Tata Sons since 2012 and a trustee since 2018. In the meeting, the proposal for his reappointment was put forward by Trusts Chairman Noel Tata and Venu Srinivasan. However, four other trustees – Mehli Mistry, Pramit Jhaveri, Jahangir H.C. Jahangir and Darius Khambatta opposed it. Due to this the proposal was rejected. After this, all four trustees talked about nominating Mehli Mistry to the board of Tata Sons, but this time the proposal was opposed by Noel Tata and Venu Srinivasan. After this, Vijay Singh resigned from the board of Tata Sons on his own will. Now the next meeting of the trust is on October 10.

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