Tata Communications has elected the private equity (PE) veteran as a successor to Subodh Bhargava.
'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'
Ratan Tata says his successor would be in place by middle of the year.
Trent on Tuesday acquired 76 per cent stake in books and music retailer Landmark and its subsidiary firms for Rs 103.6 crore (Rs 1.03 billion).\n
He has the reputation of being a stable performer, more comfortable with details than the big vision. Shyamal Majumdar looks at what could work for Noel Tata in the race to succeed his half-brother, Ratan Tata.
Zudio was the standout performer as it tapped into the pentup demand in small-town India, at a pace never seen before, notes Indrajit Gupta, co-founder and director, Founding Fuel.
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.
The top-notch faculty at Crotonville, including Noel Tichy, Ram Charan, Vijay Govindarajan, along with GE's top leaders Jack Welch, Gary Reiner, Bill Conaty, Jeffrey Immelt and Susan Peters, together delivered sought-after programmes on leadership to generations of early-stage leaders, mid-tier and senior managers from all over the world, recounts Indrajit Gupta.
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
Pallon has already joined the boards of some of the unlisted companies such as Afcons
The reason for Trent's success is rooted in its slow and steady approach to expansion. Unlike others, Trent, led by Noel Tata, ensured that each store was profitable before it went on to the next, says Raghavendra Kamath.
'Cyrus was also generous, hospitable, sharing of whatever he had.' 'He never ever acted like the inheritor of great wealth.'
'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.'
The company is not holding plans for clarity on policy.
The UK-based retailer can add to the best practices it already brings to Tata's retail business.
The CII delegation includes many eminent names.
Asking the government to tweak FDI norms in multi-brand segment, retailers said sourcing rules must be made similar to that of single brand while demanding foreign firms be allowed to put only 50 per cent of first tranche of investment in back-end infrastructure.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
