'And he was really trying just to do the best by the shareholders, and by the laws of India.'
Mistry is halfway through in building Tata group's Gen Next.
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."
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
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
The Board has decided to confer on Ratan Tata the honorary title of Chairman Emeritus.
The notices from the stock exchanges followed reports about Cyrus Mistry disclosing possible writedown to the tune of $18 billion faced by the conglomerate
Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
The company is banking on investments lined up for product development and other innovations.
The Mercedes-Benz GLC 220d 4MATIC, the SUV former Tata Sons chairman Cyrus Mistry was riding in on Sunday, comes with various safety features to protect passengers but just like other high-end cars, it has no airbags for rear seats.
'That she drove 20 km in 9 minutes is rubbish.'
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
During the investigation, witnesses were questioned and reports were obtained from the Regional Transport Office and Mercedes Benz India Pune, said a police release.
The Supreme Court in its order said it was not open for SP group companies to call Ratan Tata a "shadow director" when the board of which Cyrus Mistry was chairman had nominated him as chairman emeritus of the USD 100 billion salt-to-software Tata group.
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.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Other legal options include approaching the NCLT alleging mismanagement and oppression of minority shareholder
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
With a net worth of $12.6 billion, Mistry is well known for constructing some of Mumbai's landmarks such as the Reserve Bank of India headquarters, The Taj Mahal Palace and Towers, and the Oberoi Hotels
Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.
'The idea is to align the HR policies and work culture with changing times'.
Ratan Naval Tata, a prominent industrialist, philanthropist, and former Chairman of Tata Sons, has been admitted to the intensive care unit (ICU) at Breach Candy Hospital in Mumbai, reports Mid-Day newspaper.
Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
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.
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.
First time in 13 years the company has declined payment of dividend.
Group firms working on sound footing
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
Tata Motors' passenger vehicle sales stood at 229,325 units in the last financial year, registering a market share of just 8.9 per cent.
Will it be Noel Tata, Ratan Tata's half brother?
In absence of hard facts, the group risks losing public trust, says the firm, which has investment from the Tatas
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Ahead of the board meeting that afternoon, in fact only minutes before that, then chairman Cyrus Mistry was given an opportunity to step down, it is learnt. But, Mistry declined
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Dividend pay-out by the group companies grew at a compounded annual rate of 15.7% under Cyrus, sharply up from 2.5% in the previous three years
Successors work hard, and many of them succeed and stay for many years. 'But when they don't it is best to be civil and part ways than seek confrontation which might prove acrimonious and futile.'
