Highlights of Business Today 26th October 2025 issue:
India’s most storied conglomerate stands at a crossroads. As the Shapoorji Pallonji Group renews its push to list Tata Sons, its 18.4% stake—valued at about ₹3 lakh crore—has become both a financial lifeline and a flashpoint. For the debt-laden SP Group, carrying over ₹55,000 crore in consolidated liabilities, listing is about survival. For Tata Trusts, which control two-thirds of Tata Sons, it’s about preserving legacy and control.
With Tata Sons now designated an “Upper Layer” NBFC and facing regulatory timelines, Noel Tata steers the Trusts through internal rifts, while N. Chandrasekaran anchors a $90 billion capex push. The saga is reshaping India’s most trusted corporate empire, proving that even in the house Jamsetji built, trust and transformation must learn to coexist.
Is this the final chapter of the Tata–Mistry saga or the beginning of a new corporate order? Find out in Business Today Magazine's latest issue — On Stands and Online!
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