The last rites of Cyrus Mistry, former chairman of Tata Sons who was killed in a car crash, will be performed in Mumbai on Tuesday, his family said.
'He wanted to learn all the time.'
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
Small- and mid-size companies where Cyrus was the chairman did better on bourses than large Tata group companies
The Supreme Court has said that Cyrus Mistry's removal as executive chairman of Tata group was justified as a "a person who tries to set his own house on fire for not getting what he perceives as legitimately due to him, does not deserve to continue as part of any decision-making body".
Mistry would be succeeding as the chairman of Tata Group.
Tata Group expects to do some tightrope walking on legal issues in the days ahead.
'He was the most thoughtful corporate person I encountered.'
The NCLAT, in its December 18, 2019 order, had restrained the company, its board of directors and shareholders from exercising the power under the article against minority members except in exceptional circumstances and in the interest of company. A bench headed by Chief Justice S A Bobde dealt with this issue in its 282-page verdict which set aside the NCLAT's order that had restored Cyrus Mistry as the executive chairman of the USD 100 billion salt-to-software conglomerate.
At 4.16 mn shares, chairman-in-waiting holds 0.21% in group's cash cow
'Wherever the businesses are not up to the size of the Tata group, Cyrus Mistry initiated actions to move out of those businesses.'
People who attended the celebrations said the sincerity and passion, besides absence of smart one-liners, reminded them of his predecessor.
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
Cyrus Mistry said more focus was needed for improvement in key areas such as vehicle technology.
Mistry is presently also the chairman of loss-making Forbes & Company Ltd listed on the Bombay Stock Exchange.
Shapoorji Pallonji Group's head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.
The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Profit in FY13 up 18% to Rs 3,713 crore, dividend income jumps 37%
Shareholders want to know what plans does company have to address the issue
The Tatas don't want any court to pass any ex-parte orders without hearing their side of the story
Tata Power is looking forward to drawing big advantage from Cyrus Mistry taking over as the $100-billion conglomerate's new chief, as he began Tata journey with this company and can relate to the business very well.
Sources in the Tata group said they could not attend as they were travelling.
Tata Group is the country's most valuable group and has an estimated 4.1 million shareholders across its various listed companies
Industry minister hints at inviting Mistry to the upcoming annual industrial meet.
The Starbucks partnership will take couple of years to break-even.
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.
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
Tata Group overall commands market capitalisation of over $125 billion
While understanding the challenges of the group, the Tata Sons chairman has taken quite a few tough decisions in his first year in office.
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
Will it be Noel Tata, Ratan Tata's half brother?
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 Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
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 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
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