He wants his companies to have speed and agility to adapt to turbulent times
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
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.
Rs 135.3 crore. How much of it was salary, and how much commission?
Ratan Tata-led interim management of Tata Sons is seeking to oust Mistry from his positions in the operating group firms, including IHCL and Tata Motors
Mistry is presently also the chairman of loss-making Forbes & Company Ltd listed on the Bombay Stock Exchange.
Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.
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.
Experts view this as a case of "failed experiment" in succession
Shapoorji and Pallonji Group to contest Cyrus Mistry's ouster from Tata Sons
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.
Mistry exhorted the employees to carry forward the legacy of the group's founder Jamsetji Tata.
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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
The Tatas don't want any court to pass any ex-parte orders without hearing their side of the story
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.
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.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
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
Mistry calls sacking illegal, says wasn't given any freedom
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."
At 4.16 mn shares, chairman-in-waiting holds 0.21% in group's cash cow
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
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Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
'He told me he was very happy to see the realistic portrayal of the cockpit too.' 'His wife told me that I carried the same kind of personality as her husband in my performance.'
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.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
Tata Group is the country's most valuable group and has an estimated 4.1 million shareholders across its various listed companies
Hussain shall hold office as the chairman of the company until a new chairman is appointed in his place
Vinay Pathak, Divyenndu Sharma and Kusha Kapila are comfortable enough in their comic skins to play their parts with ease, observes Deepa Gahlot.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
Captain Sharan and Flight Engineer Anil Jaggia both confirm that the hijackers seemed to know a lot about flying an aircraft. Without help from the ISI or the Pakistan army, it was impossible, points out Utkarsh Mishra.
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.
Pallonji Mistry, an Indian origin business magnate, has topped Ireland's rich list with a worth of 3.9 billion pounds.
Mistry's intention of selling ailing steel maker Corus, Tata's so-called feather in the cap, was one reason for his ouster
Cyrus Mistry, who takes over captaincy of the Tata group this Friday, doesn't have to worry about the wicket. With a team comprising some of India's best corporate leaders - all carefully handpicked by his predecessor - Mistry can surely hit the ground running.
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 poster war between Congress Vadodara candidate Madhusudan Mistry and the Bharatiya Janata Party refuses to die down as the saffron party has now demanded that the expenses of the exhibits carrying photos of Congress vice president Rahul Gandhi with him should be included in his personal expenditure.
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