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Latest from tata sons

LED streetlights row in Ludhiana: Facing flak, Tata firm officials meet Mamta Ashu

While Mamta slammed the company over non-functional streetlights and its failure in completing the project even in one of the four zones of the city, the officials blamed the poor infrastructure and delay by the municipal corporation (MC) in granting permissions, for the alleged slow pace of the project. 
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HT Image
Updated on Jan 07, 2020 10:47 PM IST
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Hindustan Times, Ludhiana | By, Ludhiana

NCLAT order on Cyrus Mistry inconsistent, sets dangerous legal precedent: Tata Sons

The NCLAT judgment, Tata Sons submitted, is detrimental to the interest of Tata Sons and its members for its failure to discuss the reasoning and findings of the judgment of National Company Law Tribunal (NCLT) which had ruled in favour of the firm.
Cyrus Mistry, who took over as Chairperson of Tata Sons, the holding company of Tata group in December 2012 was removed from the post on October 24, 2016.(REUTERS)
Cyrus Mistry, who took over as Chairperson of Tata Sons, the holding company of Tata group in December 2012 was removed from the post on October 24, 2016.(REUTERS)
Updated on Jan 02, 2020 04:44 PM IST
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Hindustan Times, New Delhi | ByMurali Krishnan

‘Sets dangerous precedent’: Tata Sons petitions SC against order on Cyrus Mistry

The two-memberNCLAT bench had ruled that Cyrus Mistry’s 2016 ouster was illegal and his successor N Chandrasekaran would have to return the business group’s leadership to him.
Cyrus Mistry was reinstated as executive chairman of Tata Sons by the National Company Law Appellate Tribunal (NCLAT) on December 18, 2019.(PTI File Photo)
Cyrus Mistry was reinstated as executive chairman of Tata Sons by the National Company Law Appellate Tribunal (NCLAT) on December 18, 2019.(PTI File Photo)
Updated on Aug 16, 2020 01:53 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent

NCLAT restores Cyrus Mistry’s chairmanship of Tata Sons

The tribunal has stayed the restoration of Mistry’s chairmanship for four weeks, to facilitate an appeal, but not some of the other key decisions.
Cyrus P Mistry(Mint)
Cyrus P Mistry(Mint)
Updated on Dec 19, 2019 01:35 AM IST
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Hindustan Times, New Delhi | By

Tata Sons to take appropriate legal recourse on NCLAT order

After three years, Mistry on Wednesday made a comeback via a NCLAT order restoring him as the Executive Chairman of the conglomerate.
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)
Tata Group Chairman Emeritus Ratan Tata(PTI file photo)
Updated on Dec 18, 2019 08:26 PM IST
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Mumbai | ByIndo Asian News Service

‘Not a personal win’: Cyrus Mistry on being reinstated as Tata Sons Chairman

The tribunal said the restoration order will be operational only after four weeks, the time allowed to Tatas to file an appeal.
NCLAT also held appointment of N Chandra as Executive Chairman illegal. (PTI photo)
NCLAT also held appointment of N Chandra as Executive Chairman illegal. (PTI photo)
Updated on Aug 08, 2020 04:44 PM IST
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Hindustan Times, New Delhi | By

Review: Tata vs Mistry by Deepali Gupta

Deepali Gupta’s book on the battle for Bombay House strives to get facts, figures, events and perspectives right
Cyrus Mistry and Ratan Tata at the announcement of Infiniti Retail Ltd's foray into e-commerce with the launch of Cromaretail.com at The Taj, Colaba, Mumbai, on Monday 23 April 2012(Kalpak Pathak/HT PHOTO)
Cyrus Mistry and Ratan Tata at the announcement of Infiniti Retail Ltd's foray into e-commerce with the launch of Cromaretail.com at The Taj, Colaba, Mumbai, on Monday 23 April 2012(Kalpak Pathak/HT PHOTO)
Updated on Aug 30, 2019 07:47 PM IST
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Hindustan Times | BySujoy Gupta

Tata Sons names Pratik Pal as Tata Digital CEO

Pratik Pal, whose appointment is effective August 21, will head the new entity which has been formed to incubate new digital businesses, a statement said.
In his most recent role, Pal was TCS’ global head of retail, travel, transportation, hospitality and consumer packaged goods industry unit.(Abhijit Bhatlekar/ Mint)
In his most recent role, Pal was TCS’ global head of retail, travel, transportation, hospitality and consumer packaged goods industry unit.(Abhijit Bhatlekar/ Mint)
Published on Aug 22, 2019 05:48 PM IST
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New Delhi | ByPress Trust of India

Vistara to launch first international flights in August

The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, will launch one daily flight from Delhi and one from Mumbai to the city-state, a popular destination for Indian travellers.
The loss-making Vistara airline has said the launch of international flights, which will give it greater scale to grow, is part of its path to profitability.(Reuters)
The loss-making Vistara airline has said the launch of international flights, which will give it greater scale to grow, is part of its path to profitability.(Reuters)
Published on Jul 12, 2019 01:46 AM IST
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Singapore | ByReuters

The Bro code: When the Rajan brothers banter, IQ and EQ collide!

Presenting one of the world’s leading economists, Dr Raghuram Rajan (56) in a free-wheeling chat with his brother, entrepreneur and corporate thought leader, Dr Mukund Rajan (51)
Sons of an accomplished IPS officer, both Raghuram and Mukund Rajan were born in Bhopal, but spent their early years in different parts of the world. Location courtesy: Taj Mahal Hotel, New Delhi; Art direction: Amit Malik; Make-up and hair: Artistry by Anjali Jain(Prabhat Shetty)
Sons of an accomplished IPS officer, both Raghuram and Mukund Rajan were born in Bhopal, but spent their early years in different parts of the world. Location courtesy: Taj Mahal Hotel, New Delhi; Art direction: Amit Malik; Make-up and hair: Artistry by Anjali Jain(Prabhat Shetty)
Updated on May 19, 2019 12:36 AM IST
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Hindustan Times | By

HC quashes criminal defamation proceedings against ex-managing trustee of Tata Trusts

The complaint was filed after the fallout between Tata Sons chairman emeritus, Ratan Tata, and Cyrus Mistry of Shapoorji Pallonji and Company Private Limited, following the latter’s ouster as the chairman of Tata Sons in 2016.
The Bombay High Court has struck down criminal defamation proceedings against a former Tata Trusts official.(HT File)
The Bombay High Court has struck down criminal defamation proceedings against a former Tata Trusts official.(HT File)
Published on Mar 28, 2019 11:22 AM IST
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Hindustan Times, Mumbai | By

No offer yet, but we’re interested: Tatas on Jet Airways deal

Tata already owns two Indian airlines but has less than 10 percent of the country’s aviation market.
Over the last few days there has been growing speculation about Tata’s interest in Jet Airways(File Photo)
Over the last few days there has been growing speculation about Tata’s interest in Jet Airways(File Photo)
Updated on Nov 17, 2018 08:41 AM IST
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Indo Asian News Service | ByReuters

Tata Sons may use 12,603 crore TCS windfall to cut debt

The Mumbai-based conglomerate is expected to get at least 11,502 crore from the 54.7 million shares of TCS that it plans to tender in the share buyback.
Tata Sons chairman N Chandrasekaran speaks at the 73rd Annual General Meeting of Tata Motors, in Mumbai.(PTI File Photo)
Tata Sons chairman N Chandrasekaran speaks at the 73rd Annual General Meeting of Tata Motors, in Mumbai.(PTI File Photo)
Updated on Sep 05, 2018 07:59 AM IST
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Livemint, New Delhi/Mumbai | ByVarun Sood and Amrit Raj

NCLAT admits Cyrus Mistry’s plea against order upholding his removal from Tata Sons

Mistry had yesterday filed the petition in his personal capacity, requesting the appellate tribunal to set aside the impugned July 9 order of the National Company Law Tribunal.
File photo of Cyrus Mistry speaking to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai June 28, 2013.(REUTERS File Photo)
File photo of Cyrus Mistry speaking to shareholders during the Tata Consultancy Services (TCS) annual general meeting in Mumbai June 28, 2013.(REUTERS File Photo)
Updated on Aug 29, 2018 01:31 PM IST
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New Delhi | ByPress Trust of India

Harvard Business School’s dean Nitin Nohria to step down from Tata Sons Board

Nitin Nohria was appointed as a non-executive director on the Tata Sons Board in September 2013
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States.(Getty Images)
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States.(Getty Images)
Updated on Aug 12, 2018 10:42 AM IST
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New York | ByPress Trust of India

The Tata-Mistry case verdict is not surprising

It is difficult to prove oppression and mismanagement, even for powerful minority shareholders
A file picture of Cyrus Mistry, ousted chairman of Tata Sons(PTI)
A file picture of Cyrus Mistry, ousted chairman of Tata Sons(PTI)
Updated on Jul 10, 2018 08:14 PM IST
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ByPrabal Basu Roy

‘Vindication’ for Ratan Tata after court rejects Cyrus Mistry’s plea against ouster from company

The bench said that Cyrus Mistry was removed as chairman of Tata Sons because its shareholders had lost trust in him. Mistry had challenged the ouster.
Cyrus Mistry, whose family is the single biggest corporate shareholder in Tata Sons, was removed as Tata Group chairman in October 2016.(Reuters File Photo)
Cyrus Mistry, whose family is the single biggest corporate shareholder in Tata Sons, was removed as Tata Group chairman in October 2016.(Reuters File Photo)
Updated on Jul 10, 2018 10:06 AM IST
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Hindustan Times, Mumbai | ByMaulik Vyas, Mumbai

Cyrus Mistry ‘disappointed’ with NCLT verdict; Tata Sons vindicated, says chairman

The NCLT ruled that the Tata Sons board of directors was competent to remove the executive Chairman and that Mistry was ejected as the board members had lost confidence in him.
The NCLT pointed out that Cyrus Mistry had openly gone against the Tata Sons Board, and hence against the company.(Reuters File Photo)
The NCLT pointed out that Cyrus Mistry had openly gone against the Tata Sons Board, and hence against the company.(Reuters File Photo)
Published on Jul 09, 2018 05:01 PM IST
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Mumbai | ByIndo Asian News Service

‘You lost Tata board’s confidence’: Court junks Cyrus Mistry’s sacking plea

The tribunal said it will not accept Mistry’s contentions that his removal was due to the result of mismanagement by the board and oppression of minority shareholders of the group.
Cyrus Mistry was ousted as Tata Sons’ chairman a four-year stint in October 2016.(PTI)
Cyrus Mistry was ousted as Tata Sons’ chairman a four-year stint in October 2016.(PTI)
Updated on Jul 10, 2018 12:04 AM IST
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Hindustan Times, Mumbai | By

‘Majority lost confidence in you’: Tribunal rejects Cyrus Mistry’s plea against sacking by Tata Sons board

Cyrus Mistry was removed because the board and majority of its members lost confidence in him after he sent out certain crucial information about the company to the I-T department, leaked details to the media and came out openly in public against the company’s shareholders and its board, the bench said.
Ratan Tata (left) with Cyrus Mistry.(HT File Photo)
Ratan Tata (left) with Cyrus Mistry.(HT File Photo)
Updated on Jul 09, 2018 12:18 PM IST
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Reuters | ByPress Trust of India, Mumbai

HT Picks

This week’s most interesting reads
Good reads for the weekend!(HT Team)
Good reads for the weekend!(HT Team)
Updated on May 04, 2018 06:38 PM IST
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Hindustan Times | ByHT Team

Tata Sons names ex-foreign secretary Jaishankar as global corp affairs head

S Jaishankar will work with Tata companies to help them strengthen their business presence and positioning in their respective geographies globally.
Jaishankar, who was Indian foreign secretary from January 2015 to January 2018, will report to Tata Sons chairman N Chandrasekaran.(Arvind Yadav/HT File Photo)
Jaishankar, who was Indian foreign secretary from January 2015 to January 2018, will report to Tata Sons chairman N Chandrasekaran.(Arvind Yadav/HT File Photo)
Updated on Apr 23, 2018 04:37 PM IST
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Press Trust of India, New Delhi | ByPress Trust of India

Tata Group unlikely to bid for Air India as terms too onerous, sources say

Since the terms for Air India’s sale to potential bidders were disclosed, no company has come forward to say it is interested or to reaffirm previous interest. Jet Airways and rival IndiGo have already publicly opted out of the race.
In January, Leslie Thng, the chief executive of Vistara, a joint-venture between Tata and Singapore Airlines told reporters its owners were open to evaluating a bid for Air India(Abhijit Bhatlekar/Mint)
In January, Leslie Thng, the chief executive of Vistara, a joint-venture between Tata and Singapore Airlines told reporters its owners were open to evaluating a bid for Air India(Abhijit Bhatlekar/Mint)
Updated on Apr 12, 2018 12:31 PM IST
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Reuters | ByReuters

Why Cyrus P Mistry is unlikely to go quickly or quietly

Whoever wins, in the short-term, it is the Tata group that is the loser. Many of the Tata companies face significant challenges, but their leaders are likely to be distracted by the ongoing fight (apart from being confused about who to listen to)
Tata Sons cannot afford to have Mistry continue as chairman of the operating companies although it is unlikely to push for his exit as a director(PTI)
Tata Sons cannot afford to have Mistry continue as chairman of the operating companies although it is unlikely to push for his exit as a director(PTI)
Updated on Apr 25, 2018 06:23 PM IST
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