Neville Tata's Appointment Signals Leadership Shift at Tata Trusts; Paytm Faces Legal Battle

Major shifts are underway in the Indian corporate sector, particularly within the Tata Group and the fintech space. Neville Tata, son of Tata Trusts Chairman Noel Tata, has been appointed a trustee on the Sir Dorabji Tata Trust, the largest shareholder in Tata Sons. This move, following Mehli Mistrys exit, is widely seen as consolidating Noel Tatas influence over the trust, with Bhaskar Bhatt and Venu Srinivasan also joining the board.

In related news, Paytm faces a legal challenge as the National Company Law Tribunal issued a notice on its insolvency petition against online gaming platform Winzo. Paytm alleges non-payment of approximately ₹3.6 crore for advertising services, a claim Winzo disputes as invoices were "under internal validation."

Furthermore, Tata Motors commercial vehicle division, TMLCV, has made its stock market debut, marking the completion of Tata Motors corporate split. This allows both the commercial and passenger vehicle businesses to trade independently. Lastly, the Reserve Bank of India has granted in-principle approval to Junio Payments Private Limited for a UPI-linked wallet for minors, promoting financial literacy among young users.