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Too many obstacles to business in India; need less suspicion, micromanagement: Tata Sons chairman N Chandrasekaran
Business

Too many obstacles to business in India; need less suspicion, micromanagement: Tata Sons chairman N Chandrasekaran

Chandrasekaran rued that people who work hard and honestly are put through enormous difficulties and Indians excel in making an ordinary task into an extraordinary one.

Bombay Dyeing Chairman Nusli Wadia withdraws all defamation cases against Ratan Tata, others
Business

Bombay Dyeing Chairman Nusli Wadia withdraws all defamation cases against Ratan Tata, others

Bombay Dyeing Chairman Nusli Wadia on Monday withdrew all defamation cases including the Rs 3000 crore suit for damages against Tata group Chairman Emeritus Ratan Tata and others

Vistara announces low fares on 5th anniversary: Tickets start from Rs 995 on domestic routes, offer ends today
Business

Vistara announces low fares on 5th anniversary: Tickets start from Rs 995 on domestic routes, offer ends today

This sale is not applicable to group and infant bookings and is valid on direct flights only, Vistara said.

Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group
Business

Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group

Tata Sons counsel Aryaman Sundaram said the group did not Mistry to be reinstated as the chairman of the group.

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today
Business

Supreme Court to hear Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman today

Tata Sons has challenged the 18 December decision of the National Company Law Appellate Tribunal (NCLAT) that gave a big relief to Cyrus Investment Pvt Ltd and Mistry, restoring him as the executive chairman of Tata Sons

Supreme Court to hear on Friday Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman
Business

Supreme Court to hear on Friday Tata Sons plea challenging NCLAT decision restoring Cyrus Mistry as chairman

In the last three years, both in conduct and in their statements to the world at large, Tata Group's leadership has shown scant respect for the rights of minority shareholders, Mistry said.

Tata-Mistry case: Supreme Court likely to hear Tata Sons plea against NCLAT decision on 10 January
Business

Tata-Mistry case: Supreme Court likely to hear Tata Sons plea against NCLAT decision on 10 January

Tata Sons Private Ltd (TSPL) preferred not to mention in the Supreme Court on Monday its petition challenging the NCLAT decision restoring Cyrus Mistry as executive chairman of the Tata group

'You both are leaders in the industry, why don't you talk and resolve the issue', Supreme Court tells Ratan Tata, Nusli Wadia
Business

'You both are leaders in the industry, why don't you talk and resolve the issue', Supreme Court tells Ratan Tata, Nusli Wadia

The Supreme Court asked Tata and Wadia to reach an amicable solution in the defamation case that the latter filed against the Tata Group patriarch

My family, although a minority partner, has been a guardian of Tata Group for over five decades: Cyrus Mistry
Business

My family, although a minority partner, has been a guardian of Tata Group for over five decades: Cyrus Mistry

The statement comes just days after Tata Sons and Ratan Tata moved the Supreme Court challenging the National Company Law Appellate Tribunal's December verdict which ordered the reinstatement of Mistry as the Chairman of Tata Sons

Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder
Business

Cyrus Mistry says not interested in getting back to Tata Group in any capacity; to pursue options to protect rights as minority shareholder

Cyrus Mistry, the ousted Tata Sons chairman, said he has taken the decision in the overall interest of the Tata group, whose interests are far more important than those of any individual

Govt says no illegality in conversion of Tata Sons into private company; NCLAT reserves order
Business

Govt says no illegality in conversion of Tata Sons into private company; NCLAT reserves order

Last month, the NCLAT set aside the RoC decision allowing conversion of Tata Sons into a private company.

Tata-Mistry case: NCLAT reserves order on RoC plea; likely to pronounce order on 6 January
Business

Tata-Mistry case: NCLAT reserves order on RoC plea; likely to pronounce order on 6 January

NCLAT, on 18 December, directed the $110-billion Tata group to reinstate Cyrus Mistry as the executive chairman of Tata Sons

NCLAT decision inconsistent with corporate law; any shadow over management will put public interest in jeopardy: Tata petition
Business

NCLAT decision inconsistent with corporate law; any shadow over management will put public interest in jeopardy: Tata petition

The Tata petition says that a serious error in law is the finding that Tata Sons continued as a 'Public Company' even after the change of law, and on that basis, coming to a further finding that the action of the Registrar of Companies (RoC), Mumbai, taking on record this change was illegal

NCLAT adjourns RoC plea on Ratan Tata-Cyrus Mistry case till 3 January; seeks definition of pvt, public cos from MCA
Business

NCLAT adjourns RoC plea on Ratan Tata-Cyrus Mistry case till 3 January; seeks definition of pvt, public cos from MCA

The NCLAT had directed the RoC to reverse Tata Sons' status from a 'private company' to a 'public company'.

Tata Sons moves Supreme Court against NCLAT verdict; challenges Cyrus Mistry's reinstatement as chairperson, director on board
Business

Tata Sons moves Supreme Court against NCLAT verdict; challenges Cyrus Mistry's reinstatement as chairperson, director on board

The National Company Law Appellate Tribunal (NCLAT) on 18 December directed the conglomerate to reappoint Cyrus Mistry as chairman of Tata Sons and three group companies – TCS, Tata Industries and Tata Teleservices (Maharashtra)

Tata group stronger, more resilient and future ready; moving 'decisively' on financial fitness: Chandrasekaran to employees
Business

Tata group stronger, more resilient and future ready; moving 'decisively' on financial fitness: Chandrasekaran to employees

Chandrasekaran said this is the time for "relentless focus" on execution to realise the future bets, including digital thrust and existing business transformation for artificial intelligence and data-led future

Cyrus Mistry unlikely to take up board position in Tata group despite NCLAT verdict, may appoint nominee directors
Business

Cyrus Mistry unlikely to take up board position in Tata group despite NCLAT verdict, may appoint nominee directors

On 18 December, the NCLAT had ordered the restoration of Cyrus Mistry back as the executive chairman of Tata Sons.

AirAsia to launch flight services to more cities next fiscal as part of expansion plans for 2021-22
Business

AirAsia to launch flight services to more cities next fiscal as part of expansion plans for 2021-22

The Tata Sons-AirAsia group joint venture airline currently flies only on domestic routes

Tata-Mistry saga: Registrar of Companies seeks modification in NCLAT order; to be listed for hearing on 2 January
Business

Tata-Mistry saga: Registrar of Companies seeks modification in NCLAT order; to be listed for hearing on 2 January

The NCLAT had also directed the Registrar of Companies to reverse Tata Sons' status from a 'private company' to a 'public company'

NCLAT verdict on Tata Sons: Corporate Affairs Ministry seeks modification in appellate tribunal order
Business

NCLAT verdict on Tata Sons: Corporate Affairs Ministry seeks modification in appellate tribunal order

The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter