Ratan Tata, the octogenarian chairman of Tata Trusts that have controlling stake in Tata Sons, separately said he was extremely disappointed over reports speculating a major revamp in the leadership structure at the group. "I would like to state that no leadership structural changes are on the anvil," Chandrasekaran said in a brief statement. The statement came in relation to a Bloomberg report that said Tata Sons was considering a "historic revamp of its leadership structure by creating a chief executive officer's role to help improve corporate governance."
Amari is on an official five-day visit to India which began against the backdrop of talks on a free trade agreement in the Indian capital last week that ended with big differences.
The US-India Business Council (USIBC) in coordination with the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce & Industry (Ficci) is preparing a list of invitees for the business summit to be addressed by visiting US President Barack Obama.
Corporate magnate Ratan Tata on Friday said that Congress general secretary, Rahul Gandhi had opened a door for investments in Jammu and Kashmir.
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.
"The government has imposed a lot of regulations, and is not permitting major technological upgrade," Tata said.
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."
In an interview published in the Sunday Times on Sunday, Ratan Tata admitted with hindsight that he might have gone too far too fast, but that nobody saw the economic recession coming.
Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.
"It is a rubbish petition. If I find that we you (petitioner) have tried to interfere with the investigation then you may be in bigger trouble," Justice Ajit Bharihoke said.
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.
The biggest winner of the Tata drive to drill down innovation to every person on every shop-floor is the Tata conglomerate. While the most visible symbol of this has been the Nano, insiders say Tata has already started asking his senior executives, 'What is the next Nano?' The innovation drive is seeking to answer that question.
In corporate or military warfare, the rules of the game are the same. An opponent could attack the General first in the hope that if he falls then the army gets demoralised.
Ratan Tata is passionate about British manufacturing. There will be no change. It will be the same culture, the charitable culture.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
Refusing to be drawn into a point by point clarification of Mistry's letter, the company said: "It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement."
Day four of Aero India 2011 had its share of high-profile visitors, including Indian cricket team captain M S Dhoni and actor Shahid Kapoor.
Ratan Tata was deeply involved in promoting a technology-oriented culture in the group
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Tata said, "Please disassociate Tatas from Nandigram. We are not in Nandigram. We are in a place called Singur. The two places are contiguous to each other."
Tata hired the best talent from across the world as he saw early on that to survive in the wake of economic liberalisation, Indian companies needed to go global and adopt best practices.
The TCS board approved a special compensation of Rs 5 crore (Rs 50 million) over and above the Rs 3-crore (Rs 30-million) commission due to him for the last financial year.
There is a brand finance study that pegs the Tata brand value at about $7.6 billion and a 103 on the list of 250 'most valuable brands in the world.' After acquiring Corus, this is value will rise further.
Mody, 92, held important positions in Tata group and led Tata Steel till he retired in the early 1990s.
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.
Addressing shareholders of group firm Tata Motors in the Annual Report for 2010-11, Tata said: "Inflation is indeed a lurking enemy of healthy growth and needs to be controlled."
Tata Motors is developing higher capacity engines for its Nano car, to target domestic as well as foreign markets.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
India's two big car manufacturers, Maruti and Tata, hinted that they plan to manufacture hybrids in the coming future.
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 Tata group will need for its new leader to show the same foresight and willingness to go against conventional wisdom at times to keep the group's aspirations high and uphold the values of innovation, ethics, corporate responsibility, trust and leadership that are frequently associated with the Tata name.'
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.
Noel, Ratan Tata's half-brother and Mistry's brother-in-law, was a contender for the top position when Mistry was chosen as chairman in 2011.
British Petroleum chairman Sir John Browne is likely to visit India next month to explore oil and gas opportunities in Asia's third largest economy.
Indeed there is an extraordinarily stark contrast between the mansion in South Mumbai and the reality of Golibar -- with its fragile, tiny one room homes set amid open sewage channels in narrow lanes.
With an industry at the abandoned site of Tata's Nano car project at Singur yet to come up, most of the landowners who had willingly parted with their fields are now back to what they had been doing - cultivation.
Tata Motors is trying hard to popularise the car and increase it sales. Will the renewed efforts deliver?
The Tata group may consider launching its small car Nano in a new avatar in another country like Indonesia, where it doesn't have the 'stigma' of being 'the cheapest car', and bring it back to India for a fresh start with a new image, according to Chairman Emeritus Ratan Tata.
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."
Ironically, one of his greatest challenges during the coming year will be writing himself out of the script.
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