Tata Consultancy Services, the $73 billion IT group, is India's biggest company by market value and four times the size of any other listed Tata entity
Tata had led the salt-to-software conglomerate for 21 years after being chosen successor by his uncle, the iconic JRD Tata, in 1991.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
After Singapore this is the second such nodal office opened by the new group chairman.
NCLT in its judgement said: "The removal of Cyrus Mistry as executive chairperson was because the board lost confidence and not because they were contemplating that he would cause discomfort to Ratan Tata, N Soonawala and others.' "The Board is competent to remove an executive chairman. Mr Mistry's removal from the position of director came because he admittedly sent out company information to the I-T (department), press, and came out in public against the board and the trust."
Prime Minister Narendra Modi and industrialist Mukesh Ambani feature amongst the most searched personalities online this year, according to search engine Yahoo.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Vision 2025 to focus on four clusters; aim is to join the global club of top 25 companies.
The notices from the stock exchanges followed reports about Cyrus Mistry disclosing possible writedown to the tune of $18 billion faced by the conglomerate
Other legal options include approaching the NCLT alleging mismanagement and oppression of minority shareholder
Mistry is presently also the chairman of loss-making Forbes & Company Ltd listed on the Bombay Stock Exchange.
Group firms working on sound footing
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
Refuting Tat's charges about Welspun buy, Mistry said to even suggest that the Tata Sons board including the nominee directors of the Tata Trusts had not been adequately informed is contrary to the factual record
Tata Steel and Tata Chemicals under investor watch
Pallon has already joined the boards of some of the unlisted companies such as Afcons
'The idea is to align the HR policies and work culture with changing times'.
Days after the disbanding of Group Executive Council set up by Tata Sons ousted chairman Cyrus Mistry, N S Rajan and Nirmalya Kumar have resigned from their respective board positions at Indian Hotels Company and Tata Chemicals.
Guenter Butschek will start his new job by Feb. 15
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
On Friday, shares of Tata Motors rose by 2.68 per cent and Tata Steel went up by 1.85 per cent on the Bombay Stock Exchange.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
"After sinking in Rs 6,000-7,000 crore in the Nano till date, what is the result?"
Nano's production though continues unhindered despite mounting losses
Cyrus Mistry had put in place a strategy that would have pulled most of the Tata group's 'legacy hotspots' out of the financial mess from legacy issues and helped turn around the group's finances.
The going has never been easy for author Cyrus Mistry, who suffers from a nervous disorder. The reclusive author, who bagged the prestigious South Asian literature award, talks openly to P B Chandra about his illness and how writing has helped him cope with it.
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
There will be three-tiered security arrangements in view of PM's visit.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
First time in 13 years the company has declined payment of dividend.
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
The Tata Sons controversy has raised governance concerns. Arun Duggal and Mohandas Pai on the role of independent directors in such conflict situations.
Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.
Refusing to be drawn into a point by point clarification of Mistry's letter, the company said: "It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement."
Aviation regulator DGCA has suspended two pilots of Tata Group's Taj Air, a non-scheduled airline that flies Chairman Emeritus Ratan Tata and Chairman Cyrus Mistry among others, for allegedly falsifying medical records.
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
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