Chandrasekaran added that the decision should ideally be made by Vistara, rather than Tata Sons.
In a notice for extraordinary general meeting (EGM) seeking shareholders' nod, Tata Motors said as on September 30, 2019 Tata Sons held 35.3 percent stake in the company.
The salt-to-steel conglomerate is focusing on Vistara's growth prospects.
Pal, whose appointment is effective August 21, will head the new entity which has been formed to incubate new digital businesses.
The $110-billion group appointed Pratik Pal, a veteran of the group's software arm TCS, as the chief executive of the new venture.
The Tata Sons chief’s strategy appears to be one of consolidation, keeping in mind the philosophy of the group, rather than a slash and burn approach that may deliver quick results.
Walmart had acquired a 77 percent stake in Flipkart in May 2018 for $16 billion.
The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, completed its first international flight to Singapore on August 7.
The company may look at raising a minimum of Rs 4,000 crores via this route, said one of the sources.
He also said that he has no plans of taking the political plunge.
A single bench presided over by Justice Mridula Bhatkar refused to extend her March 18 order whereby she had restrained the magistrate court from hearing the case until Wednesday (March 27).
DoT is said to be expecting the two operators to legally challenge the one-time spectrum charge
This move may help the 100 companies operating under Tata Sons coordinate operations and will also help pare down costs
The process of reducing the number of Tata group's operating companies will take 12-18 months.
Growth in the Tata group’s market cap has beaten that of the Nifty, but several weak spots remain.
Senior advocate C A Sundaram representing the two firms said that removal of the chairman was not even on the agenda item of the board meeting of Tata Sons on October 24, 2016, when he was sacked.
'Run our marathon, don't be distracted by somebody else's sprint,' Chandrasekaran tells Tata employees.
Civil Aviation Minister Suresh Prabhu, Home Minister Rajnath Singh and Law Minister Ravi Shankar Prasad will be on the committee.
Wadia said Tata Sons' allegations against him such as acting against the interests of the Tata Group; not conducting himself independently among others, have hurt his reputation.
Noel Tata is currently the Chairman of Trent and Managing Director of Tata International
The Tatas may insist that Naresh Goyal sell his entire 51 percent stake in Jet Airways and relinquish the board positions held by him and his family
The company held a board meeting on November 16 to discuss the Jet Airways deal.
Currently, Tata Sons owns 49 percent of AirAsia India with the rest held by Malaysia-based AirAsia Berhad
In the second leg, Singapore Airlines may purchase the entire stake of Jet Airways promoter Naresh Goyal's family in the combined entity
Discussion between Tata Sons Chief Financial Officer Saurabh Agarwal and Jet Airways Chairman Naresh Goyal is underway, the report said