Hussain shall hold office as the chairman of the company until a new chairman is appointed in his place
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
India 's Tata group is moving to launch a full-service bank should restrictions preventing industrial groups from owning substantial stakes in banks be relaxed.
S Ramadorai, vice-chairman of Tata Consultancy Services (TCS), is set to become non-executive chairman of the Bombay Stock Exchange (BSE) following the exit of Jagdish Capoor last week on health grounds.Ramadorai will join BSE board on Monday and assume the role of chairman later.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
'The IB and authorities knew I had given away all my property and had nothing in my name.' 'Even among police officers, they all respected me for this sacrifice which is rare these days.' 'They respected me from this point of view -- in this day and age few individuals live by ideals for the poor.'
The Tata trusts can nominate one-third of the directors of Tata Sons
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
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