Mumbai: Tata Sons said on Monday that it would end its contract with brand consultant Suhel Seth, who has been accused of sexual harassment by several women in India’s #MeToo campaign. The holding firm of the Tata Group of companies said in a statement here that Seth will no longer[Read More…]
Tag: Tata Sons
Tribunal dismisses Cyrus Mistry’s plea against removal as Tata Sons chairperson
The National Company Law Tribunal (NCLT) on Monday dismissed a petition filed by Cyrus Mistry challenging his dismissal as chairman of Tata Sons. “We have not found any merit in the petition,” the law tribunal said. “The management is more accountable to shareholders,” it said while ruling in favour of[Read More…]
Tata Sons send legal notice to Mistry for leaking sensitive information
Tata Sons send legal notice to Cyrus Mistry on Tuesday claiming he had passed confidential and sensitive information to his family controlled firms for use in a petition against theflagship holding company of the group. “As part of the petition, without there being any requirement to do so, the petitioners[Read More…]
Bombay HC tells Tata Sons to keep Wadia’s seat vacant ‘until further orders’
The Bombay high court in an interim order directed Tata Sons to keep one seat of an independent director “vacant until further orders” in each of its companies on Friday. The court was hearing the case between Tata Sons and industrialist Nusli Wadia who serves as independent director. The directions[Read More…]
Tata Sons director involved in Agusta Westland scam: Cyrus Mistry
Former Tata Sons chairman Cyrus Mistry on Sunday accused Vijay Singh, Tata Sons nominee director, of playing a key role in the AgustaWestland VVIP Choppers scam. Mistry’s office said, “As defence secretary, Singh was a key official involved in award of Rs 3600 crore VVIP helicopter contract to AugustaWestland in[Read More…]
Cyrus Mistry misled selection panel to become chairman: Tatas
Tata Sons on Sunday alleged that its former chairman Cyrus Mistry misled the selection committee setup in 2001 for selecting a chairman to succeed Ratan Tata. “Cyrus Mistry misled the Selection Committee set up in 2011 for selecting a Chairman of Tata Sons to succeed Mr. Ratan Tata, by making[Read More…]
Didn’t expect such deviousness from Mistry: Tata Sons
Refuting all of Cyrus Mistry’s accusations, Tata Sons today said that they did not expected such devious moves by him. In a statement on Thursday, Tata Sons , accused Cyrus Mistry for the poor performance of the Tata group entities, declining dividends and misusing public relations to manipulate the media.[Read More…]
Blow by blow account of the meeting in which Cyrus Mistry was sacked: The inside story
On October 24, when Tata Group Chairman left to attend the board meeting, little did he know that he was going to face what could possibly be the toughest day of his life. What he thought was a normal meeting had a hidden agenda that he was unaware of. In[Read More…]
Cyrus Mistry’s removal was necessary for the group’s success: Ratan Tata
Ratan Tata on Tuesday said that Cyrus Mistry’s removal was “absolutely necessary” for the future success of the Tata Group. In a letter written to employees Tata said, “The decision to change the leadership of Tata Sons was a well-considered and serious one for its board members. This difficult decision,[Read More…]
Focus on business, forget about leadership change: Ratan Tata to CEOs
A day after Cyrus Mistry was removed as Chairman of Tata Sons, Ratan Tata on Tuesday asked leaders of group companies to focus on their businesses and not be concerned about the sudden exit. “My appointment is for short-term and the new leadership will be in place soon. I have[Read More…]
Cyrus Mistry was out to destroy core values of company: Tata loyalists
After Monday’s abrupt removal of Cyrus Mistry as the chairman of Tata Sons, rumours have been afloat about the reason behind the removal. The Economic Times now claims to have unearthed the reason – On August 26, the Tata Sons board was expanded by inducting Piramal Enterprises Chairman Ajay Piramal[Read More…]
Tata vs Mistry: Tata Group files caveats to guard against pre-emptive legal action
Reports had streamed in of the Mistry family being miffed with the Tata Group after Cyrus Mistry was unceremoniously sacked as the chairman of Tata Sons. It was reported that the Mistry-owned Shapoorji Pallonji group would probably take the Tata’s to court. Taking prior cognizance, the Tatas have filed caveats[Read More…]