'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
The company's Indian operation, a joint venture with Tata Global Beverages, has got a new CEO.
Tata Motors Chairman Cyrus Mistry said the company was poised for an 'inflection', even as it revamped its entire product portfolio.
Kant, an alumnus of IIT-Kharagpur, was managing director of the company before being promoted as vice-chairman five years ago.
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
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Dipika Pallikal Karthik and Joshna Chinappa had to be content with bronze medals in women's singles after losing to their respective opponents in the semifinals of the 18th Asian Games, in Jakarta, on Saturday.
Mistry said he hoped the company would soon take a decision on appointing a woman as director on the board.
More than 80 women have accused the movie mogul, once the most powerful man in the American film industry of sexual misconduct, including rape, with some allegations dating back to decades.
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Summary of sports events and persons who made news on Sunday
Snapshots from the collections of Pria Kaataria Puri, Masaba Gupta, Anita Dongre and Aki Narula shows at Myntra Fashion Weekend
Vistara's growth and future funding requirement would hinge on how soon the government changes these rules.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Pope Francis has been named Time magazine's Person of the Year for 2013.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
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 new obsession on cost control is powered by the company's 'GEAR' (Generate idea, evaluate, action and realise the idea) programme.
On the telecom sector, he demanded auctioning of more spectrum.
Under-pressure Manchester United manager Louis van Gaal enjoyed a rare highlight after weeks of gloom when his side comfortably beat Derby County 3-1 on Friday to reach the FA Cup fifth round.
Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government.
Top-class goals from Bernardo Silva and Sergio Aguero took Manchester City back to the top of the Premier League in a 2-0 win over Fulham at Craven Cottage on Saturday.
Also seen in action for India will be the shuttlers, boxers, the women's hockey team and the table tennis players among others.
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Taking a cue from neighbouring Gujarat and its successful Vibrant Gujarat summit, Maharashtra has organised a conclave -Transforming MMR into a Global Financial, Commercial and Entertainment Hub - on February 6.
Trade and economic issues, including visa, totalisation pact and impediments hampering investments, are likely to figure at Monday's US-India CEO Forum meeting, which will be jointly addressed by visiting US President Barack Obama and Prime Minister Narendra Modi.
'Badlapur might end up being my most successful film,' producer Dinesh Vijan tells Patcy N/ Rediff.com
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
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Corporates understand that the PMO drives all key decisions in this government.
Mukehs Ambani, KLakshmi Mittal, Azim Premji features in top ten rich Indians list.
What would happen to the ownership after Ratan Tata? The succession plan for the 263,862 Tata Sons promoter shares owned by seven Tata Trusts and other holdings of Tata brothers? Would a younger family member inherit?
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.
'I'm a little fuzzy on the details, but I know that everyone is behaving as if they've just discovered that their favourite grandfather is a peeping tom,' says Mitali Saran.
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
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