Another blow for Cyrus Mistry: Tata Global Beverages removes him as chairman
With this, Tata Global Beverages becomes the first company board to remove Cyrus Mistry as the chairman after he was ousted from the post of Tata Sons.
Nov 15, 2016, 18:38 PM IST
Cyrus Mistry hits back at Tata Sons, says expenses rose due to Ratan Tata's jet, replacement of Nira Radia's firm
Ousted chairman Cyrus Mistry Tuesday rebutted Tata Sons' contention of expenses having risen under his four-year rule, calling it a "brazen attempt to mislead" public and shareholders and said "significant" costs were incurred for corporate jets used by Ratan Tata.
Nov 15, 2016, 17:42 PM IST
Ratan Tata meets Finance Minister Arun Jaitley, declines comment
Amid the battle raging for the control of Bombay House, the headquarters of the $103 billion Tata empire, interim Chairman Ratan Tata met Finance Minister Arun Jaitley here on Tuesday, but neither side offered any comment.
Nov 15, 2016, 15:55 PM IST
Tata Motors' independent directors tacitly back Cyrus Mistry in boardroom battle
The independent directors of Tata Motors gave board Chairman Cyrus Mistry a tacit nod on Monday, but stopped short of an outright endorsement, or picking sides in the power struggle within India's largest conglomerate.
Nov 15, 2016, 10:10 AM IST
Setback for Cyrus Mistry: No unanimous support from Tata Motors' independent directors
In a setback to Cyrus Mistry, independent directors of Tata Motors on Monday did not offer unanimous support to his leadership and instead backed all decisions taken by the company, including on small car Nano, which have been criticised by the ousted chairman of Tata Sons.
Nov 14, 2016, 22:58 PM IST
Sebi steps up vigil as Tata-Mistry feud escalates further
Markets regulator Sebi has stepped up scrutiny on developments in the escalating Tata-Mistry feud, keeping a close vigil on all disclosures being made as also the finer details of the board meetings of listed firms of the Tata group.
Nov 14, 2016, 18:23 PM IST
Management to do whatever required for dealing with situation arising after Cyrus Mistry ouster: Tata Sons
Hardening its stand, Tata Sons on Sunday said its management will do whatever is required to deal with the situation arising out of the ouster of Cyrus Mistry and wanted its independent directors to ensure future of Tata companies and interest of all stakeholders is protected.
Nov 13, 2016, 20:36 PM IST
'Tata Sons amended Articles of Association multiple times to give chairman free hand'
Tata Sons, the holding company of India's largest conglomerate Tata Group, had amended its Articles of Association (AoA) thrice in over one-and-half decade to give its chairman a free hand, sources close to the company said.
Nov 13, 2016, 19:36 PM IST
Mistry hits back at Tatas, says 'truly unfortunate' to question independence of directors
Terming Tata Sons' contention that group companies were "drifting away" under him as "furthest from truth", ousted chairman Cyrus Mistry today hit back at Tata Sons calling its criticism of independent directors, revered names in India Inc, as "truly unfortunate".
Nov 13, 2016, 18:50 PM IST
Tatas move to oust Cyrus Mistry from Tata Motors, Tata Steel and Tata Chemicals
Even after being removed as Chairman of Tata Sons, Mistry continues to head the group's several listed firms, including Tata Motors, Tata Power, Tata Steel and Tata Chemicals.
Nov 11, 2016, 23:10 PM IST
Tata Sons issues notices to Tata Motors, Tata Steel for removal of Cyrus Mistry, Nusli Wadia
Tata Motors and Tata Steel on Friday informed the stock exchanges that they have received notices from Tata Sons for the removal of Chairman Cyrus Mistry and Independent Director Nusli Wadia from the boards of the two companies.
Nov 11, 2016, 18:11 PM IST
Tata Sons asks Tata Steel to hold EGM to remove Cyrus Mistry, Nusli Wadia
Tata Steel on Friday said it has been directed by promoter, Tata Sons, to convene an extraordinary general meeting (EGM) to remove the steel major's Chairman Cyrus P Mistry and independent director Nusli N Wadia.
Nov 11, 2016, 17:54 PM IST
HC asks AirAsia to place its brand licensing agreement before DGCA
AirAsia India, a joint venture between Tata Sons and AirAsia Berhad, was on Friday asked by Delhi High Court to place before DGCA its brand licensing agreement (BLA) with the Malaysian entity to determine who controls the Indian low-cost carrier.
Nov 11, 2016, 17:27 PM IST
Tata Sons asks Tata Motors to convene EGM for Cyrus Mistry, Nusli Wadia removal
Taking estranged former chairman Cyrus P Mistry head on, Tata Sons on Friday sought his removal as well as that of the group's friend-turned-foe Nusli N Wadia from the board of Tata Motors.
Nov 11, 2016, 16:42 PM IST
Ratan Tata is a disgrace to the Tata family: Subramanian Swamy
Bharatiya Janata Party(BJP) leader and MP from Rajya Sabha Subramanian Swamy on Friday alleged that Ratan Tata is a corrupt person and termed him a disgrace for the Tata family.
Nov 11, 2016, 14:24 PM IST
Cyrus Mistry ouster: Tata Chemicals Director Bhaskar Bhat resigns
After independent directors "unanimously" backed Cyrus Mistry as Chairman, Tata Chemicals Director Bhaskar Bhat has resigned from the company's board saying concerns raised by him were "totally ignored".
Nov 11, 2016, 11:39 AM IST
Sexual harassment case against Taj CEO behind Cyrus Mistry's ouster?
Cyrus Mistry, who was ousted as Chairman of Tata Sons in a surprise move last month, has taken a lot of dramatic turns in the last couple of days.
Nov 11, 2016, 05:52 AM IST
Tata Sons have no genuine reason for expelling me, says Cyrus Mistry
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Nov 10, 2016, 22:52 PM IST
Ahead of board meet to be chaired by Cyrus Mistry, Ratan Tata meets Tata Motors union leaders
Ahead of the crucial board meeting of Tata Motors next week, the group's interim chairman Ratan Tata Thursday met the employee unions from the company's biggest plants.
Nov 10, 2016, 20:41 PM IST
Tata ousts Cyrus Mistry as TCS Chairman; calls meeting to remove him from IHCL too
In sharp escalation of boardroom battle at Tata Group, patriarch Ratan Tata-led holding entity removed Cyrus Mistry as Chairman of TCS, the conglomerate's most successful firm, and called a shareholders meet to remove him from IHCL that runs Taj hotels.
Nov 10, 2016, 19:52 PM IST
