Ahead of the board meeting that afternoon, in fact only minutes before that, then chairman Cyrus Mistry was given an opportunity to step down, it is learnt. But, Mistry declined
'And he was really trying just to do the best by the shareholders, and by the laws of India.'
Twitter accounts of leading industrialist Ratan Tata and Trai chairman R S Sharma were also hacked
Indian business spreads its footprint across the globe.
In keeping with the Trusts' objectives, the initiative was underpinned by an attempt to determine how over-nutrition was impacting citizens at a mass scale.
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.'
The company said, due internal processes as applicable for sanctions of loans of such nature and value were followed
Tata Steel and Tata Chemicals under investor watch
State commerce and industry minister, Nirupam Sen, and secretary, Sabysachi Sen are in Mumbai and have held a series of meetings with industrialists in Mumbai, including Tata group chairman, Ratan Tata, Mukesh Ambani of Reliance and Ashok Hinduja of the Hinduja group.
'Cyrus was always very different. He would think before acting.'
Rata Tata lets his wit roll at the launch of his much awaited small car, the Nano.
A day after FIPB cleared the Tata-Singapore Airlines' (SIA) airline venture, Tata group Chairman Emeritus Ratan Tata and SIA chief Goh Choon Phong on Friday met Civil Aviation Minister Ajit Singh exuding confidence of launching flights by May-June next year.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
The $12.1 billion Corus acquisition-the biggest global acquisition made by an Indian company-ended up as a millstone around Tata Steel's neck, points out Indrajit Gupta.
The driver of the car in which Cyrus Mistry was travelling lost control due to overspeeding and rammed into the divider, said Palghar Police sources on Sunday.
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
The price movement and trading volumes for few days prior to Mistry's ouster will also be looked into
The constituency of Mumbai South, home to industrialists as well as high-ranking government officials, fared the worst with 47.7 percent voting.
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
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.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Maharashtra Navnirman Sena president Raj Thackeray's son Amit Thackeray on Sunday got married to his fiancee and fashion designer Mitali Borude at a hotel in Mumbai's central area of Lower Parel.
Nita Ambani, the chairperson at Reliance Foundation and International Olympic Committee (IOC) member from India, hosted a gala dinner in honour of Thomas Bach, IOC president.
'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.'
N Chandrasekaran was on Friday reappointed as chairman of Tata Sons for a second five-year term. Tata Sons in a statement said the reappointment was ratified by the board. "At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment of its executive chairman N Chandrasekaran," it said in a statement.
'After Om's untimely demise, he would call us every Sunday for the next two years to ask, "How are you doing my dear? How's the young fella?"'
'Wherever the businesses are not up to the size of the Tata group, Cyrus Mistry initiated actions to move out of those businesses.'
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has sent invitations to 7,000 people, including 3,000 VVIPs, for the consecration.
Chairman Emeritus of Tata Sons Ratan Tata said shifting the Nano car plant from Singur in West Bengal was a prudent move in hindsight but gave the group a high negative cost.
"Tata Sons board is meeting tomorrow (Friday) to consider the proposal to bid for Jet Airways," people in the know of the development told PTI.
Unidentified miscreants hurled a stone at the Chief Minister on Saturday night near Vivekananda School Centre in Vijayawada's Singh Nagar, which injured his left temple when he was canvassing for polls.
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
Many say Tata Motors has perhaps paid the price for being too ambitious.
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Aviation regulator DGCA has suspended two pilots of Tata Group's Taj Air, a non-scheduled airline that flies Chairman Emeritus Ratan Tata and Chairman Cyrus Mistry among others, for allegedly falsifying medical records.
Long have I waited for a car to replace the Tata Safari feel in driving, and this updated version of the Tata Harrier is just IT, exclaims Rajesh Karkera/Rediff.com.
Tata Consultancy Services (TCS) has planned a capital expenditure of Rs 1,300 crore (Rs 13 billion) this financial year, Group chairman Ratan Tata said at the company's annual general meeting in Mumbai.
'The competition between the two is definitely going to be of great interest to the Indian market.'
J R D Tata and Air India... Mrigank Warrier explores one of India's eternal love stories.
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