The billionaire Mistry family's estate is likely to soon change hands. The assets in the name of Cyrus Mistry, who died in September last year, may soon be divided equally among his wife Rohiqa and sons Firoz and Zahan, according to sources. The reorganisation will also include the 9.2 per cent stake in Tata Sons, which is currently in Cyrus Mistry's name and held through his investment company Cyrus Investments.
Former Tata Sons chairman Cyrus Mistry was on Sunday killed in a road accident after his car hit a divider in Maharashtra's Palghar district neighbouring Mumbai, a police official said.
A well-known gynaecologist in Mumbai was driving the car which crashed into a road divider on Sunday, killing former Tata Sons chairman Cyrus Mistry and another occupant of the vehicle, the police said.
The police in Palghar district of Maharashtra, who are investigating the Mistry car accident case, have found this during their investigation.
The Supreme Court on Friday set aside NCLAT order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group.
Dr Anahita had only worn the shoulder harness from the back and had not adjusted the lap belt, police said.
The slowdown heat has been felt the most in steel, commercial vehicles and hotels
Like JRD Tata, Mistry also loves Cantonese-style Chinese takeaway from Colaba's cult restaurant Ling's Pavilion.
If Tata Sons is listed, the special veto rights of Tata Trusts, under Article 121A, may have to go away.
Mistry took over as head of the $96.79 billion diversified conglomerate in December 2012.
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
The 100-km stretch of Mumbai-Ahmedabad highway claimed at least 62 lives.
'The main thing Cyrus left is to tell us that you can be a business leader by being good.' 'He practiced that in all of his dealings, in all of his decisions -- in the way he thought, the way he behaved and indeed as he spoke.'
The injuries also included vein ruptures causing internal bleeding, a medical officer said.
The government is closely watching the fast-paced developments at the salt-to-semiconductor conglomerate.
The car was driven by Mumbai-based gynaecologist Anahita Pandole (55).
Cyrus Mistry, who takes over captaincy of the Tata group this Friday, doesn't have to worry about the wicket. With a team comprising some of India's best corporate leaders - all carefully handpicked by his predecessor - Mistry can surely hit the ground running.
'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.'
With the addition of these two directors, the total Board strength of the company increases to 14 which include seven independent directors, including O P Bhatt, Tata Consultancy Services said.
According to National Crime Records Bureau data released recently, over 1.55 lakh people were killed in road crashes across India in 2021 -- an average of 426 daily or 18 every single hour.
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Mistry calls sacking illegal, says wasn't given any freedom
Tata Group chairman Cyrus Mistry is keen to promote the 'Make in India' campaign.
Mistry was in the state on his first visit as the head of the conglomerate
He is focussing on tightening the belt of the conglomerate left bloated by explosive growth under his predecessor.
On Tata's retirement in December, 2012, Mistry will take the charge of IHCL.
Tata group's market value is up 38% against the 9% rise in the Sensex in the past 12 months.
The plan was to sell off non-profitable businesses apart from focusing on four verticals: real estate, defence, financial services and retail
The Tata Sons board has deferred a decision on the re-appointment of Natarajan Chandrasekaran as Chairman, signaling potential differences within the group. Concerns were raised about losses in certain group companies and the listing of Tata Sons.
In the decade and a half he has been at the helm of the Rs 9,000-crore group (Rs 90-billion), Mistry has helped it build an impressive portfolio.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
Hussain shall hold office as the chairman of the company until a new chairman is appointed in his place
Tata spoke about his 50 years with the group, 21 as its chairman, the highs and lows of his tenure, his equation with Mistry and his post-retirement plans during an expansive interview to PTI in his office at 'Bombay House', the group headquarters.
Experts view this as a case of "failed experiment" in succession
Marking a generational change, Tata, who turns 75 tomorrow, will hand over the reins of the group to 44-year-old Cyrus Mistry, who was chosen his successor last year and formally appointed Chairman earlier this month.
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.
The matter related to supply of low floor buses by Tata Motors to Government of Tamil Nadu.
In 2014, Tata group had launched Tata Engage, a group volunteering programme that already has participation of over 55,000 employees of the group from over 100 companies spread across 65 countries.
Of the six chairmen that Tata group has had in its 148 years, the longest serving was Jehangir Ratanji Dadabhoy
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
