Tata Trusts managing trustee R. Venkataramanan resigns

Signage for Tata Communications Ltd. is displayed atop of the company's headquarters in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

R.Venkataramanan, a long-time Tata Group associate, resigned as managing trustee of Tata Trusts on Wednesday. A late evening press release from Tata Trusts, which has majority control of the $100 billion Tata Sons Ltd, said that the trusts have accepted his resignation and that Venkataramanan will relinquish his responsibilities on 31 March.

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