Mistry will work with Ratan Tata over the next year and take over from him when he retires.
'I don't think his influence over his company will just suddenly eradicate. I am sure he will be a sort of holy ghost over the whole company.' Zubin Mehta recalls his more than five decade association with Ratan Tata in an exclusive conversation with Rediff.com's Vaihayasi Pande Daniel.
Tata Group Chief Ratan Tata met Communication and IT Minister Dayanidhi Maran on Wednesday and discussed wide ranging issues relating to spectrum policy and investments in the telecom sector.
He was responding to the shareholders' questions relating to the abandoned Nano car factory at Singur at the AGM of Tata Global Beverages.
A family priest performed the prayers as per Parsi tradition before the last rites.
Mehli Mistry is backed by three other trustees -- Pramit Jhaveri, Darius Khambata and Jehangir HC Jehangir -- against Tata Trusts Chairman Noel Tata and the two vice-chairmen, Venu Srinivasan and Vijay Singh.
Tata, who attended the annual gala event at the National Centre of Performing Arts after five years, was alluding to Chandra's presentation on the performance of the Tata group of companies.
It is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows
'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
Amid speculation over Tata Sons chairman Ratan Tata's successor, the group has said that the selection committee has interviewed several candidates, both internal and external, but no final decision has been taken.
Government is pulling in different directions and we are not consolidating on government, says Ratan Tata.
Ratan Tata will play only an advisory role and will not be part of the selection panel.
In a December 2012 interview, Ratan Tata, then preparing to step down as chairman of Tata Sons, expressed doubts about the Tata group re-entering the aviation sector, calling it a space plagued by "destructive competition". But beneath that frustration lay nearly two decades of failed attempts to conquer the Indian skies. In 1994, Tata, along with Singapore Airlines, had plans to launch a joint venture (JV) airline in India.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
A division bench of Justices Ranjit More and Bharati Dangre on Monday quashed and set aside the proceedings.
About time the Tata companies that are owned by the public are freed from the clutches of Tata Sons, says Sudhir Bisht.
Though there was no official word on what transpired at the meeting this afternoon, it is understood that the plans for the launch of the airline came up during the discussions.
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group, people familiar with the matter said.
A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.
Tata Trusts, which exerts decisive influence over India's most valuable conglomerate through its about 66 per cent stake of Tata Sons, finds itself in the midst of infighting among its trustees over board appointment and governance issues.
He may play an indirect role in group beyond Dec next year.
Even as the government is trying to park politicians on the boards of 'Navratna' companies, an official committee has cleared names of people like Tata Sons chairman Ratan Tata for appointment as independent directors on the board of HAL.
Tata Sons shareholders have approved a resolution to have separate chairpersons for the company and its largest shareholder -- Tata Trusts. An amendment to the articles of association (AoA) of Tata Sons, which sought to prevent a single person heading Tata Sons as well as Tata Trusts simultaneously, was passed at the company's annual general meeting (AGM) held on Tuesday. With the special resolution being passed with requisite majority of 75 per cent at the AGM, it will now be legally binding for Tata Sons and Tata Trusts to have separate chairpersons.
As the business head of Trent Hypermarket, Neville ensures that customers receive high-quality products that adhere to Tata standards.
Apart from his vision, what helped Ratan Tata pursue his global dreams was the phenomenal success of Tata Consultancy Services, which is 74 per cent owned by Tata Sons.
He has succeeded because he knew there needed to be a huge transformation in innovation and R&D capacity.
'Tata Group is excited to work together to make Air India the airline of choice in terms of passenger comfort and service'. This is an audio message from Ratan Tata played onboard some Air India flights. Tata Group completed the takeover of the loss-making Air India on January 27.
Tata Sons on Saturday denied that group Chairman Ratan Tata has used words such as "venal" business environment or accused the government of"inaction" in media interviews.
Refuting Tat's charges about Welspun buy, Mistry said to even suggest that the Tata Sons board including the nominee directors of the Tata Trusts had not been adequately informed is contrary to the factual record
The job of Tata Sons chairman might be the most prestigious in India Inc, but it comes loaded with challenges.
These trusts hold 66 per cent stake in unlisted Tata Sons, the holding company of the $100-billion Tata group of companies.
Sabse has several patents in the arena of call-control and switching of calls.
Top honchos of the Tata group, including Tata Trusts Chairman Noel Tata and Tata Sons Chairman N Chandrasekaran, on Tuesday met Union Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid infighting among trustees over board appointments and governance issues.
In the midst of an ongoing search process to find Ratan Tata's successor to head the country's biggest corporate house, top leaders from the group have heaped lavish praise on his leadership style.
The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.
The Tata Sons' chairman emeritus has been aggressively investing in start-ups, ranging from e-commerce firms to cab aggregators
Ratan Tata says FIPB nod for Tata Sons' new airline with AirAsia reflects investor friendly policies of Indian government.
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."
Tata Trusts has unanimously reappointed Venu Srinivasan as a trustee for life, and all eyes are now on the upcoming decision regarding Mehli Mistry's renewal, amid reported internal divisions within the organisation. The reappointment of Srinivasan this week, ahead of his term expiring on October 23, comes amid reports of a vertical split within Tata Trusts - with one faction said to align with Noel Tata, who took over as chairman following Ratan Tata's death, and the other comprising those seen as loyalists of the former doyen.
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