Companies
Tata scion digs in as Indian conglomerate's board rifts deepen
Noel Tata seeks to keep family control, but may have to back down on IPO opposition
In a dramatic vote on Thursday, the majority of the six directors of the Tata group's holding company resolved to reappoint the chairman after his current tenure runs out next year, overruling his decision last month to stand down, and indicated it would comply with requirements for a public listing. © Reuters
MUMBAI -- Less than two years after taking control of the Tata group, Noel Tata finds himself in a battle to shape the direction of India's best-known business house amid open dissent in the boardroom over leadership and a possible initial public offering.