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."
The Tata Group on Tuesday released a book, titled 'To Strive and To Soar', which chronicles the company's contribution to sports excellence in India.
Indian business titan Ratan Tata, already named among the world's most influential business people from India, has now made to a list of 30 most powerful in the British construction space with a ranking higher than even the UK's Minister for Housing.
Stating that his role is for the short term so as to ensure stability and continuity at the group, Tata asked top executives of the USD 100 billion conglomerate to act as leaders in respective markets and focus on enhancing returns to shareholders.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
On Wednesday, chairman emeritus of Tata Sons Ratan said that while driving from the airport through Rajarhat, he came across beautiful buildings but it looked like a countryside under development with no signs of industrialisation.
In a historic transition, the Parliament moved into a swanky new complex on Tuesday, with Prime Minister Narendra Modi urging MPs to forget all past bitterness and start a new chapter and the introduction of the women's reservation bill taking centre stage.
Three persons were killed on Wednesday and another injured after a major fire broke out at the Bombay House building, housing the Tata Group offices in South Mumbai.
According to the fire officials, the blaze broke out at around 9.30 am in the basement that houses a small office, a canteen, an auditorium, a changing room and power substation. The employees, identified as Farad Wadia, Eashwar Patel and Shashank Pawar were unable to find their way out due to the dense smoke and went to nearest window in the hope of finding air.
The Tata Nano, the world's cheapest car, could be cruising on Pakistani roads if the governments of India and Pakistan remove bottlenecks standing in the way of joint ventures and investments between the two countries.
Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal.
The Group has been pioneer in innovation; Ratan Tata has been credited for launching world's cheapest car Nano in 2009
Here's a look at how key Tata group companies fared under Cyrus Mistry's stewardship.
Shift to new business model to help companies cut capital cost, increase margins.
A digital configurator comprising a three-dimensional graphics-based app will allow customers to choose specifications and align the output generated by the tool to company's back-end manufacturing.
Ratan Tata, an iconic corporate leader, retired as chairman of Tata Group after a 50-year run on Friday but kept away from office on his last day at the helm of one of country's oldest business empires. Tata, who turned 75 today, is in Pune for his birthday.
A good number of seniors today are independent, financially stable.
Tata Group chairman Ratan Tata on Thursday decried the government for not learning from the past and failing to put in place a crisis infrastructure that could be activated immediately after terror attacks in the city.
The facility has been branded 'Indicash'. Last month, TCPS secured a licence from the Reserve Bank of India to launch white-label ATM operations, under the central bank's scheme 'B'.
Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24. Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field. It may perhaps also compress the spread for debt instruments floated by housing finance companies (HFCs) over 10-year government bonds, subject to demand and supply conditions.
Union Minister of State for Housing and Urban Affairs Kaushal Kishore on Tuesday said finishing touches are being given to the new Parliament building and the Lok Sabha Speaker will decide whether the forthcoming Winter Session will be held there or the existing building.
Unlike Ratan Tata's philosophy, Mistry cared about short-term gains. This is a Diwali gift for many
Set up by three former NDTV executives, the company is targeting premium restaurants in Delhi-NCR
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The RBI has accepted the application withdrawal request, according to the statement.
In 2006-07, TCS had employed 7,000 people in the eastern states.
It is not clear at this stage whether Tata will take up the government's offer of taking a 25 per cent stake in the business.
Fixes spotlight on in-house talent for retaining and grooming purposes.
Among the businesses that need consolidation are retail and defence
Within days of exiting from West Bengal, Tatas have decided to relocate their Rs 1 lakh-Nano car project in Gujarat, after scouting many sites including that Karnataka and Andhra Pradesh.
These trusts are being registered under a new framework.
The Central Public Works Department, a prime construction agency of the central government, said the bullet-proof window system of the selected bidder will be sent for testing at the forensic science lab in Gujarat's Gandhinagar.
Pitting itself directly against Maruti Swift Diesel, Tata Motors plans to launch a 1.3 litre diesel variant of its small car Indica with a common rail direct injection (CRDi) engine developed in-house in the next few months.
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.
Coinciding with the beginning of a search for chairman Ratan Tata's successor, the Tata Group has become the country's wealthiest, with a market value of about Rs 371,000 crore (Rs 3,710 billion) -- higher than that of the business houses led by the two Ambani siblings.
It is keen on electric cars as battery costs go down
Tata Trusts have tied up with Google, Intel.
The Adani Group led in adding net fixed assets, which are up more than 90 per cent since September 2019 or before COVID-19.
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