VENKAT QUITS AS NOEL IS ROPED IN

MUMBAI: R Venkataramanan, the managing trustee of the Tata Trusts, a string of non-profit outfits that own 66 per cent of the diversified Tata Sons, has resigned. In another significant development, Ratan Tata's half-brother Noel Tata has been appointed trustee of Sir Ratan Tata Trust, the second largest among the dozen-odd charities that make up the Tata Trusts. Venkataramanan's Rs 2.66-crore annual compensation has been under the income tax scanner.