'Not many know that Ratan Tata became chairman of Tata Sons because of Cyrus's father Pallonji Mistry. But he (Cyrus) never used it or leveraged it to his benefit.'
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.
The board of HDFC Bank has approved the appointment of Keki Mistry and Renu Karnad as the additional non-executive directors of the bank, and V Srinivasa Ranjan as its executive director. Mistry was the chief executive officer and vice chairman of HDFC, which merged with the bank today (1 July 2023). Karnad has been the managing director of HDFC since 2010. Ranjan was the executive director and chief financial officer of HDFC.
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 driver of the car in which Cyrus Mistry was travelling lost control due to overspeeding and rammed into the divider, said Palghar Police sources on Sunday.
The Supreme Court on Thursday dismissed a plea of the Sapoorji Pallonji (SP) group seeking a review of the 2021 verdict which had upheld the Tata group's decision to remove Cyrus Mistry as the executive chairman of the Tata Sons. A bench headed by Chief Justice N V Ramana, however, ordered the deletion of certain remarks made against Cyrus Mistry in the March 2021 verdict. Senior advocate Harish Salve, appearing for the Tata group, said the court may permit the deletion of one or a few sentences not for the reasons given in the application of the Sapoorji Pallonji (SP) group.
'Cyrus was always very different. He would think before acting.'
A family priest performed the prayers as per Parsi tradition before the last rites.
'The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India's economic prowess,' Prime Minister Modi said in a tweet.
Maharashtra Deputy Chief Minister Devendra Fadnavis on Sunday said he has asked the state police to conduct a detailed investigation into the accident in which former Tata Sons chairman Cyrus Mistry was killed.
Shapoorji Pallonji Group's head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93.
The Congress presidential polls will be held by a secret ballot and no one will get to know who voted for whom, the party's central election authority chairman Madhusudan Mistry said on Wednesday, asserting that a level-playing field has been ensured for both candidates.
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.
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.
Members of the Parsi community, business leaders and politicians were among those who attended the cremation.
The last rites of Cyrus Mistry, former chairman of Tata Sons who was killed in a car crash, will be performed in Mumbai on Tuesday, his family said.
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.
The injuries also included vein ruptures causing internal bleeding, a medical officer said.
The police team probing the crash are examining the CCTV footage for further leads, the official said.
Dr Anahita Pandole and her husband Darius, who injured in the car accident that killed former Tata Sons chairman Cyrus Mistry, were on Monday shifted by road to Mumbai from a hospital in neighbouring Vapi town of Gujarat, an official said.
His wife, Dr Anahita Pandole, who was driving the car at the time of the accident, was recovering and will be discharged soon, said an official of the Sir H N Reliance Foundation Hospital.
Darius Pandole, who survived the car accident in which industrialist Cyrus Mistry died, has told the police that his wife Dr Anahita was driving the Mercedes-Benz car in the third lane and could not merge into the second lane that turned narrow near the Surya river bridge in Maharashtra's Palghar, an official said.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
The police in Palghar district of Maharashtra, who are investigating the Mistry car accident case, have found this during their investigation.
Calling Cyrus Mistry her twin, Nationalist Congress Party leader Supriya Sule on Monday said she has been devastated by the demise of the former chairman of Tata Sons.
Sagoo was the lone candidate left in fray after incumbent senior vice president Anju Bobby George opted out of the race for the position.
Tharoor reached the AICC headquarters in New Delhi and spoke to Mistry at his office, a day before the Congress' central election authority is to issue the notification for the polls to elect the next Congress president.
Amit Mistry was a wicked actor, someone who could chance a broken arm, who could take deep dives, who could ram his head into walls, all without bothering about the outcome. And, as with that closing bit, the knowledge of where he might have arrived at eludes us now, observes Sreehari Nair.
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 Mercedes-Benz GLC 220d 4MATIC, the SUV former Tata Sons chairman Cyrus Mistry was riding in on Sunday, comes with various safety features to protect passengers but just like other high-end cars, it has no airbags for rear seats.
Luxury carmaker Mercedes-Benz has submitted its interim report on the fatal accident of industrialist Cyrus Mistry to the Palghar police, which mentions that the brakes of the vehicle were pressed five seconds before it crashed into the road divider, a senior official said on Friday.
'I am determined now to celebrate all festivals together.' 'People don't respond much when you try to convince them by talking about principles of secularism etc. But if we revive our shared cultural practices, specially food, we may get a better response.'
The car was driven by Mumbai-based gynaecologist Anahita Pandole (55).
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.
Will it be Noel Tata, Ratan Tata's half brother?
The 100-km stretch of Mumbai-Ahmedabad highway claimed at least 62 lives.
During Emergency Indira Gandhi acquired absolute power. Lakhs of political opponents, students, activists were arrested.
'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.'
Ratan Naval Tata, a prominent industrialist, philanthropist, and former Chairman of Tata Sons, has been admitted to the intensive care unit (ICU) at Breach Candy Hospital in Mumbai, reports Mid-Day newspaper.
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