After getting Indian Oil Corporation, the nation's largest oil firm, to drop four independent directors and Engineers India Ltd to boot out two, it is now seeking to sack former Power Secretary P Uma Shankar, chartered accountant S Ravi and former BPCL Chairman R K Singh from the board of ONGC.
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
'Lending to Mr Mallya was the bankers' season ticket to corridors of power and glamour. Borrowing from them was like a favour Mallya did to them,' says Shekhar Gupta.
SBI had a tough journey in the last 40 years.
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
A glance back at some of the important ups and down Indian Inc faced in 2018.
TCS still ace in the pack
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