On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
Cyrus Mistry undertook quite a few significant initiatives at the Tata Group in the past two years.
Indian Premier League (IPL) has a rather surprising request for fans -- stay in hotels other than Taj Hotels run by top corporate house Tata, saying even the teams are not staying there. Arguably the most controversial cricket administrator IPL commissioner Lalit Modi, said in a post on micro-blogging social networking website Twitter that IPL is "not using Taj Hotels in any city."
low-cost plans dovetail perfectly with the company's decision to make affordable new models.
The year 2011 could end up being the mother of all years as far as corporate succession is concerned.
The government on Thursday filed a report in the Supreme Court saying it has been unable to find the source which leaked the tapes containing conversation between corporate lobbyist Niira Radia and others including Tata Group Chairman Ratan Tata.
The new plant at Sanand will be inaugurated by Gujarat Chief Minister Narendra Modi and Tata Group Chairman Ratan Tata, who seven years ago dreamt of making an affordable family car for the common man. Spread over an area of about 1,100 acres, the new facility has been created at the cost of approximately Rs 2,000 crore (Rs 20 billion).
Tata Sons, holding company for the Tata group, is working on building a centralised rural business platform that could be leveraged for the entire group's benefit, instead of each company looking at it separately.
'We look at firms that can be regional or global leaders.'
After years of losing money on two of the group's biggest bets - global steel business and domestic passenger cars - there are strong signs of a revival in both businesses.
The chairmanship of Tata Motors and Tata Steel after Ratan N Tata steps down at the end of 2012 appears to be an open question. It will be up to the new Tata group chairman, Cyrus Mistry, whether he decides to succeed Tata in heading two of the largest group companies or opt for new chairpersons for them.
A battle between incumbent GSM and CDMA operators has broken out, with Marten Pieters, the managing director of Vodafone Essar, the country's second-largest telecom operator, lashing out at comments made by a competing operator, saying it was ridiculous to imply that incumbent GSM players like them were hoarding scarce spectrum.
Former corporate lobbyist Niira Radia on Thursday told a special court that she had talked about Cabinet formation to former Telecom Minister A Raja and Dravida Munetra Kazhagam Member of Parliament Kanimozhi who are facing trial in the 2G spectrum case.
Mistry said he hoped the company would soon take a decision on appointing a woman as director on the board.
Prof Vijay Govindarajan is confident that an affordable, environmentally friendly home can be built for just $300 creating a $375-billion opportunity for corporations the world over.
Pulok Chatterjee has joined the Prime Minister's Office.
Tata's small car Nano may not be able to enter Europe due to stringent safety and emission norms, leading German luxury carmaker Audi said joining the list of auto players, who are sceptical about the prospects of the world's cheapest car.
There was virtually no incremental equity investment by Tata Sons during Mistry's first two years
Finance Minister Pranab Mukherjee is leading a high-powered team of policymakers, including Commerce Minister Anand Sharma and Planning Commission Deputy Chairman Montek Singh Ahluwalia at the India-US CEOs Forum.
Etisalat DB Telecom chief executive officer Atul Jham was also questioned by the panel headed by senior BJP leader Murli Manohar Joshi.
Target is to train about five lakh Indian women in next 18 months
Among the areas of cooperation would be education, science and technology. The meeting would be co-chaired by Tata Sons chairman, Ratan Tata and David Cote, chairman of fortune 500 Honeywell. Tata heads the 12-member Indian delegation to the CEO Forum while Cote leads the US side.
The Mumbai headquartered company also overtook Japanese carmaker Honda to occupy the fourth spot in domestic passenger vehicle market.
Only three Indian businessmen feature in Forbes magazine's first-ever World's Most Powerful People list: Reliance Industries chairman Mukesh Ambani, ArcelorMittal chairman Lakshmi N Mittal, and Tata Group chairman Ratan Tata.
The 287-room flagship hotel has been undergoing extensive renovation post the terror attacks.
Amid cheer and spirited applause from the hotel staff, Tata group chairman Ratan Tata on Thursday announced that the heritage wing of Taj Mahal Palace and Towers, which bore the brunt of 26/11 terror attack, would reopen on the Independence Day.
A stake level of 26 per cent in a company is crucial as with this strength, a stakeholder can block any special resolution at board meetings.
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
The Supreme Court on Monday asked the government to place before it in sealed cover the copy of the complaint on which it started tapping corporate lobbyist Niira Radia's telephonic conversations with a host of people including politicians, corporate leaders and media personalities.
Government on Friday turned down in the Supreme Court the plea of Tata Group Chief Ratan Tata's for steps to stop the publication in the media of the leaked transcripts of tapped conversations between him, his corporate lobbyist Niira Radia and others.
The Supreme Court on Thursday asked the Centre to respond within 10 days to the petition filed by Tata Group Chairman Ratan Tata, seeking a direction to the government to probe the leakage of audio tapes containing his private conversation with corporate lobbyist Niira Radia and stop their further publication. The apex court issued notices to Home Secretary G K Pillai, the Central Bureau of Investigation, the Income Tax Department and the finance ministry.
Home Minister P Chidambaram has asked the Central Bureau of Investigation and Central Board of Direct Taxes to probe the leakage of the conversations between corporate lobbyist Niira Radia, leading business tycoons and media persons.The tapes, first leaked by a national magazine, have now found their way to several media organisations and journalists.On Monday, the apex court directed the government to probe the leakage of the tape.
The government on Monday ordered a probe into the leaks of recorded tapes of conversations between corporate lobbyist Niira Radia, her clients and certain journalists among others.
In October, the chairman of Tata Sons, Ratan Tata, gifted $50 million to his alma mater, the Harvard Business School, to give back to the school - in his words - a little bit of what it had given him.
Second Tata firm to join hands with e-commerce portal.
With a focus on financial literacy for women, Millennium Mams is an 18-year-old initiative started by Kolkata-based industrialist B K Dhanuka.
The law officer said nothing remains in the matter after the privacy judgement.
Corporate leaders say economy going through troubled phase which is raising concern among global investors about investing in India.
BMC authorities had sent notices to Tata Motors owner Ratan Tata and Parsi Gymkhana officer-bearer P C Cooper for putting up 14 unauthorised hoardings at the venue of the Nano launch. "They paid fine of Rs 112,986 today (Wednesday). The hoardings were removed immediately on Tuesday and a fine was imposed on both the parties under the Mumbai Municipal Corporation Act, for not taking prior permission," said Deputy Municipal Commissioner (Zone I) Kishore Kshirsagar.
History will be created in Mumbai on Monday evening when Tata Motors launches the world's least expensive car, Nano -- a car that can redefine personal transportation in modern India.
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