Three disappointing experiences with Tata companies made me question whether the group's historic values of customer focus and accountability are slowly fading, notes Dr N Ravichandran.
Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
'The real story of 2025 is that India officially stopped being a 'market of the future' and started acting as the world's primary economic engine.'
Tata Finance Ltd is seeking members' approval to increase authorised share capital and issue redeemable preference shares for Rs 2000 million on a private placement basis.
The case related to a series of transactions in the shares of Global Telesystems entered into by Nalini Properties, a company controlled by Pendse, and Inshaallah Investments and Nishkalp Investments, which were TFL associates. In an order issued on Thursday, SAT said: "There is no evidence to show that the accounts and records were falsified to perpetrate the alleged fraud."
The proposed issue of shares would be subject to approval of shareholders and regulatory authorities, the release added.
Sebi ruled that Pendse has violated various provisions of the PFUTP Regulations and the Securities Contracts Regulation Act with his illegal transactions.
Call it a coincidence - as Ratan Tata was preparing to hand over the baton of Tata Sons to Cyrus Mistry, Sebi banned Dilip Pendse, former MD of the erstwhile Tata Finance from the capital market for a period of two years.
Here stood a man who embodied the legacy of whatever Brand Tata stood for, embellished it, and departed into the long night, leaving the brand legacy for others to further enrich, notes R Gopalakrishnan.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
The Mumbai high court on Friday ordered CBI to probe the complaint filed by Tata Finance Ltd against its former managing director Dilip Pendse for allegedly cheating the company to the tune of Rs 400 crore.
With a large gathering of corporate leaders in attendance at the function in Mumbai even as the master blaster played his last test match at the nearby Wankhede Stadium, the Finance Minister said, "Ratan (Tata) is as big a draw as Sachin."
The Delhi high court on Thursday rejected the plea of former managing director of Tata Finance Ltd, D S Pendse, for lifting six months stipulation for completing the trial in a case relating to violation of Securities and Exchange Board of India norm
Securities and Exchange Board of India has prohibited Dilip Pendse, former managing director of Tata Finance Ltd.
A Delhi court on Tuesday rejected the anticipatory bail application of D S Pendse, former managing director of Tata Finance Limited, facing a non-bailable warrant for his alleged involvement in the misappropriation of Rs 2 crore
Delhi Police have launched an investigation to identify the properties and bank accounts of former Tata Finance Ltd managing director D S Pendse who has been arrested for alleged "misappropriation
The much-awaited foray of IDBI in housing finance is to fructify shortly with Tata Finance Ltd deciding to sell its entire stake in Tata Homefinance Ltd to the financial institution for an undisclosed amount.\n\n\n\n
The Delhi high court on Thursday granted interim bail to D S Pendse, former managing director of Tata Finance Limited, against whom a non-bailable warrant was issued for alleged involvement in the misappropriation of Rs 2 crore
Former managing director of Tata Finance Ltd, D S Pendse, facing a non-bailable warrant, for his alleged involvement in the misappropriation of Rs 2 crore (Rs 20 million) in a group company
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