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.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
A non-executive director typically does not engage in the day-to-day management of the organisation
It has turned around its domestic operations under the HorizoNext strategy
Other legal options include approaching the NCLT alleging mismanagement and oppression of minority shareholder
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
Tata Group overall commands market capitalisation of over $125 billion
TCS still ace in the pack
Rahul Gandhi's sister may finally break her self-imposed ban on political life, reports Sheela Bhatt.
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.
Like JRD Tata, Mistry also loves Cantonese-style Chinese takeaway from Colaba's cult restaurant Ling's Pavilion.
Clark's predecessor Sajid Javid had pledged to help Tata Steel UK with a proposed package of measures and new British PM Theresa May is reportedly supportive of the plan
The Board has decided to confer on Ratan Tata the honorary title of Chairman Emeritus.
Tata spoke about his 50 years with the group, 21 as its chairman, the highs and lows of his tenure, his equation with Mistry and his post-retirement plans during an expansive interview to PTI in his office at 'Bombay House', the group headquarters.
Experts say the impact is limited to investors and potential employees and may ease out in the next few months
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
Pooja Kataria, a passenger on the IC-814 flight hijacked in 1999, says viewers should approach the recently released web series based on the incident as entertainment rather than sparking controversy.
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
The matter related to supply of low floor buses by Tata Motors to Government of Tamil Nadu.
Rs 135.3 crore. How much of it was salary, and how much commission?
Netflix India's content head Monika Shergill on Tuesday met Information and Broadcasting Secretary Sanjay Jaju in New Delhi, amid a row over the web series IC-814: The Kandahar Hijack.
Amit Mistry, an alumnus of Rice University, has been selected as the Materials Research Society/Optical Society of America Congressional Science and Engineering Fellow for 2008-2009.
Does India's most valued company give hope to its investors that they, too, might drive a Jaguar some day?
Ratan Tata, the outgoing chairman of over $80-billion Tat Group, on Thursday introduced his successor Cyrus P Mistry to Gujarat Chief Minister Narendra Modi during a courtesy visit to his residence in Gandhinagar, a top state official said.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
Group firms working on sound footing
While understanding the challenges of the group, the Tata Sons chairman has taken quite a few tough decisions in his first year in office.
Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
Noel Tata's children - Leah, Neville, and Maya - have been appointed to the boards of five philanthropic organisations of Tata Trusts, which oversees the $150-billion Tata group. The move is being seen as part of the Trusts' succession plan. Noel Tata's wife Aloo is the daughter of Pallonji Mistry, whose family owns an 18.5 per cent stake in Tata Sons, the holding company of Tata group.
He is focussing on tightening the belt of the conglomerate left bloated by explosive growth under his predecessor.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
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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
Reticent author Cyrus Mistry on Saturday beat off stiff competition from five other writers to become the fourth winner of the $50,000 DSC prize for South Asian literature for his book "Chronicles of a Corpse Bearer".
Mistry is halfway through in building Tata group's Gen Next.
If Pranav Mistry has his way, people around the world can build their own wearable 'SixthSense' -- which uses a camera that understands human gestures -- at a cost of less than Rs 15,000 ($300) by obtaining the software he developed for free in the next few months.
To me he always symbolised the sincere, confident, face of a Bharat whose rise is unstoppable. Ratan Tata was a Rishi who was unquestioningly trusted by people who never saw him and never met him, asserts Tarun Vijay, the former BJP MP.
