Tata Group expects to do some tightrope walking on legal issues in the days ahead.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The notices from the stock exchanges followed reports about Cyrus Mistry disclosing possible writedown to the tune of $18 billion faced by the conglomerate
Mistry took over as head of the $96.79 billion diversified conglomerate in December 2012.
Robert Con Davis-Undiano, executive director of international magazine World Literature Today, said: "The world will quickly discover the excellence of Rohinton Mistry's luminous fiction that the Neustadt jury acknowledged with this choice. Giving the award to Mistry is inspired."
Mistry would be succeeding as the chairman of Tata Group.
Mistry indeed followed standards of corporate governance so that it should not create any controversies at a later date
Tata group will invest over Rs 45,000 crore on various businesses over next two years and would look to expand its presence in global markets besides in India, the group's new chief Cyrus P Mistry said.
Tata Sons Private Limited, the holding company of the Tata group, witnessed a precipitous drop in its net debt to Rs 5,656 crore in the 10 months ended January this year, as its cash reserves burgeoned to Rs 9,516 crore during this period. Eight years ago, in 2015-16, Tata Sons reported a net debt of Rs 5,132 crore; from March 2017 until March 2023, this figure was above the Rs 14,700 mark, peaking at Rs 27,437 crore at the end of March 2019, according to data sourced from Capitaline. The company's gross debt nearly halved to Rs 15,173 crore until January 2024 on a standalone basis, down from a peak of Rs 31,363 crore reported in the financial year ended March 2019.
Tata Group chairman Cyrus Mistry is keen to promote the 'Make in India' campaign.
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Mistry was in the state on his first visit as the head of the conglomerate
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.
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.'
Sources in the Tata group said they could not attend as they were travelling.
The Vadodara police on Thursday detained Congress candidate against Narendra Modi, Madhusudan Mistry, and other party workers when they tried to paste his posters on his rival's banners at advertisement kiosks in Dandiya Bazaar area.
'Tata Steel has doubled, Tata Motors has more than doubled, and Tata Chemicals too has more than doubled.' 'So, Cyrus Mistry was getting accepted by the market for bringing in the change that was good for the group companies.'
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
Cyrus Mistry said more focus was needed for improvement in key areas such as vehicle technology.
The Starbucks partnership will take couple of years to break-even.
Profit in FY13 up 18% to Rs 3,713 crore, dividend income jumps 37%
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
All India Congress Committee General Secretary Madhusudan Mistry has emerged as the new pointsman in the organisation. While he is heading the team of Lok Sabha observers who have been appointed to report on the state of preparedness of the party for the LS polls, he himself is travelling to various states to get a first hand account of how prepared the Pradesh Congress Committee is to contest the coming election.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
'Wherever the businesses are not up to the size of the Tata group, Cyrus Mistry initiated actions to move out of those businesses.'
The toughest part is to tackle human behaviour. On the Atal Setu, says Indrajit Gupta, I chose to drive at a consistent speed of 80 kmph in the middle lane. Vehicles on the right lane were clipping along at 150 kmph, way over the maximum permissible limit of 100 kmph. On occasion, I had to slow down or dodge vehicles suddenly pulling into the middle lane from the side.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
Mistry is expected to take over the mantle of the salt to software giant in Deecmber, 2012 after Ratan Tata retires.
With the addition of these two directors, the total Board strength of the company increases to 14 which include seven independent directors, including O P Bhatt, Tata Consultancy Services said.
In the decade and a half he has been at the helm of the Rs 9,000-crore group (Rs 90-billion), Mistry has helped it build an impressive portfolio.
30 companies belonging to the Tata group are listed and have a combined market cap of 478,659 crore.
GST has been hanging fire with the Opposition Congress yet to come on board
In 2014, Tata group had launched Tata Engage, a group volunteering programme that already has participation of over 55,000 employees of the group from over 100 companies spread across 65 countries.
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
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.
Tata group's market value is up 38% against the 9% rise in the Sensex in the past 12 months.
Quoting Greek philosopher Socrates, Justice Bopanna emphasised that there are four qualities that are expected of a judge -- to hear courteously, to consider soberly, to answer wisely and to decide impartially.
'The idea is to align the HR policies and work culture with changing times'.
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