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Tata Trusts to reform operations, reduces management roles and expenses

Business Standard LogoBusiness Standard10h ago

Tata Trusts to reform operations, reduces management roles and expenses - Business Standard

Quick Summary:

The additional expenditures from direct implementation projects contributed to the workforce costs, pushing the total to Rs 400 crore in the years leading up to 2022, mentioned The Economic Times.

The scale of operations will determine the necessary operational costs, including senior roles, but Anand Desai, managing partner at DSK Legal, underscored that cost-consciousness is vital for philanthropic entities.

Designed to ensure collective rather than individual management, this committee comprises four trustees: Noel Tata, Mehli Mistry, Venu Srinivasan, and Vijay Singh.


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Article Details

Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 11:08:33 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23278767

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Official Website: business-standard.com

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News Last Updated: 2 hours ago

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Publisher ID: #49

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