What's Actually Behind The Tata Sons Board Split

In this episode of Markets Today — India's jewellery IPO boom picks up pace as family businesses go public; Tata Sons' board splits over listing and chairman N Chandrasekaran's reappointment; and Nexperia partners with Tata Electronics on a major semiconductor deal.

India's Jewellery IPO Boom** 2026 saw multiple jewellers list, with Malabar Gold and Diamonds targeting FY28 and Joyalukkas refiling for a ₹2,300 crore IPO. Drivers: mandatory hallmarking, expanding GST reach, and a gold import duty cut from 15% to 6%.

Tata Sons' Board Split On Listing & Chairman's Term** Noel Tata opposed both Tata Sons' listing and Chandrasekaran's reappointment; fellow nominee Venu Srinivasan supported both. Both matters passed only via casting votes, with Tata Trusts now questioning the reappointment's validity.

Nexperia-Tata Electronics Semiconductor Partnership** Nexperia will manufacture power-control chips at Tata's ~$11 billion Dholera plant. Comes as Nexperia's Chinese parent Wingtech remains locked in a separate dispute, making India a key diversification move.