Minority stakes count: Cyrus Mistry's NCLAT win in Tata Sons tussle is a significant precedent in refining shareholder democracy in India
The Tata-Mistry ruling should give a sobering message to promoter-driven companies that running a public company through a board involves procedures and practices that go beyond a simple majority-oriented approach
Nirmalya Kumar, a former aide and member of Cyrus Mistry's Group Executive Council (GEC) at Tata Sons, wrote about Mistry's sacking as group chairman on his website
Ex Tata executive Nirmalya Kumar gives a detailed account of Rata Tata fired Cyrus Mistry as chairman of Tata Sons following an a Tata Board meeting on 24 October
Mistry said Tatas are at an "inflection point" and there is a need to institutionalise processes to future-proof the business
Wadia, reacting sharply to Tata Sons allegations has said that by making public such allegations, the group has irreparably damaged his reputation,
Tata Sons has ousted Cyrus Mistry in what it considered the interests of Tata "values" in a resemblance to Mrs. Gandhi's expulsion.
On Friday, at least three news photographers were injured at the premises of Bombay House, after they were beaten up by the Tata security staff
Atul Kamble, a photographer with Mid-Day newspaper, who was present at the spot said the incident began immediately after Mistry went inside to attend the meeting. “They came back and started hitting photo journalists. They were even chasing the journalists to attack them. In my 20 years of journalistic career I have never seen anything like this happening at the Bombay House premises,” said Kamble.
The official said the government will not suo motu get involved in the turmoil at the Bombay House, the seat of the $100 billion salt-to-software conglomerate.
Ratan Tata not keen on Cyrus Mistry from the beginning? Seeds of Tata-Pallonji discord sown years back
There is much that is not right with the Tata group; not all has been due to Cyrus Mistry’s 4-year stint and not all of this will be corrected in a short time span
In 1992, when the legendary JRD Tata was alive, the group witnessed upheavals following a tiff between equally fabled India’s best man-manager Russi Mody and a new management team led by JJ Irani and Ratan Tata
It is not doomsday, but it is a tough test for the Tata Group – maybe one of the toughest it has faced thus far.
Chidambaram was speaking after honouring the Chairman Emeritus of the Tata Group with the first CII President's award for his contributions to industry and society.