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Tata Group

Air India orders 100 additional Airbus aircraft

Air India orders 100 additional Airbus aircraft

Mon, Dec 09, 2024

Air India said on Monday that it has placed an order to purchase 100 more Airbus aircraft, comprising 10 widebody A350 and 90 narrowbody A320 family aircraft, including A321neo. The 100 new aircraft are in addition to the firm orders of 470 aircraft that Air India had placed with Airbus and Boeing last year, according to a press release.

Tata Power, Asian Development Bank ink pact for $4.3-billion finance

Tata Power, Asian Development Bank ink pact for $4.3-billion finance

Thu, Nov 21, 2024

A memorandum of understanding has been signed with ADB at Baku, Azerbaijan, Tata Power said.

Indian Hotels shares hit fresh 52-week high as company plans expansion

Indian Hotels shares hit fresh 52-week high as company plans expansion

Tue, Nov 19, 2024

Under the 'Accelerate 2030' programme, the company is also looking to double its consolidated revenue to Rs 15,000 crore in the next five years, Chhatwal told reporters at its 'Capital Market Day'.

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Removal from Tata Teleservices not surprising, Mistry says

Removal from Tata Teleservices not surprising, Mistry says

Thu, Dec 15, 2016

After being ousted from the third Tata Group company, Cyrus Mistry, former chairman of Tata Sons on Wednesday said that his removal was anticipated.

After TCS, Tata Teleservices' shows Cyrus Mistry the exit gate

After TCS, Tata Teleservices' shows Cyrus Mistry the exit gate

Wed, Dec 14, 2016

It said,"The Extraordinary general meeting was held on Wednesday and the ordinary resolution was passed unanimously as a result of which CP Mistry has ceased to be a Director and consequently Chairman of the Tata Teleservices with immediate effect."

TCS says goodbye to Cyrus Mistry

TCS says goodbye to Cyrus Mistry

Tue, Dec 13, 2016

Shareholders of Tata Consultancy Services (TCS) on Tuesday moved to remove Cyrus Mistry as its director. In an EGM held in Mumbai, 2450 shareholders of 93.11% shares in TCS voted to remove Mistry. 6.89% shares were against the resolution of Tata Sons to remove Mistry.

TCS board in unanimous agreement to remove Cyrus Mistry at EGM

TCS board in unanimous agreement to remove Cyrus Mistry at EGM

Tue, Dec 13, 2016

The Board of Directors of Tata Consultancy Services (TCS) at the extraordinary general meeting (EGM) held on Tuesday told shareholders that the board is in agreement to remove Cyrus Mistry.

Ratan Tata destroying Tata tradition, says Nusli Wadia

Ratan Tata destroying Tata tradition, says Nusli Wadia

Tue, Dec 13, 2016

Tata Steel’s independent director, Nusli Wadia on Monday wrote a scathing 15 page letter stating that the very reason why Tata Sons wanted him removed was his ‘independence of mind and action.’

Tata Industries removes Cyrus Mistry as director; no more chairman

Tata Industries removes Cyrus Mistry as director; no more chairman

Mon, Dec 12, 2016

Cyrus Mistry was on Monday removed as director of Tata Industries following shareholders' vote, the first such instance of the embattled executive being ousted from the board since his removal as Tata Group chairman.

Cyrus Mistry says Vijay Singh cooking up stories to defend Tata

Cyrus Mistry says Vijay Singh cooking up stories to defend Tata

Mon, Dec 12, 2016

Cyrus Mistry on Sunday escalated his war of words with Tatas by accusing Vijay Singh, a nominee director on the Tata Sons board, of cooking up theories "to defend his role in the conspiracy" hatched by Ratan Tata to sack him as the chairman.

Tata Sons issues appeal to its stakeholders

Tata Sons issues appeal to its stakeholders

Sun, Dec 11, 2016

Tata Sons on Sunday issued an appeal to all stakeholders of Tata companies thanking them for their continued support in the management's decision to remove Cyrus P Mistry from Tata Group company's board.

Tata Tele EGM on December 14 to remove Mistry as Director

Tata Tele EGM on December 14 to remove Mistry as Director

Thu, Dec 08, 2016

Tata Teleservices Ltd, the unlisted Tata Group firm, has called a shareholders' meeting on December 14 to consider holding company Tata Sons' proposal to ouster Cyrus Mistry as director.

Only 5-minute warning given before sacking me, Mistry says

Only 5-minute warning given before sacking me, Mistry says

Thu, Dec 08, 2016

Remembering the ‘unprecedented’ events that occurred on October 24, a statement from Cyrus Mistry’s office said that he was given just a five minute warning before he was shown the door.

Mistry is violating his self-propounded rules, not us, says Tata Sons

Mistry is violating his self-propounded rules, not us, says Tata Sons

Wed, Dec 07, 2016

In yet another move to exile the already ousted Cyrus Mistry, Tata Sons pointed out on Tuesday night that Mistry is violating the guidelines that at one time he had advocated for.

Tata Group exposed to perilous regulatory violations: Mistry

Tata Group exposed to perilous regulatory violations: Mistry

Tue, Dec 06, 2016

Mistry's office alleged that those individuals were seeking to procure unpublished price sensitive information from listed group companies, breaking down governance.

Cyrus Mistry converted group into personal fiefdom: Tatas

Cyrus Mistry converted group into personal fiefdom: Tatas

Tue, Dec 06, 2016

Ahead of the extraordinary general meetings called by several Tata Group companies to remove him from their boards, Tata Sons` ousted Chairman Cyrus Mistry appealed for support from stakeholders on Monday, saying the group "is no one`s personal fiefdom", even as the Tata Sons hit back at him.

Mistry urges shareholders to define the future at Tata Group

Mistry urges shareholders to define the future at Tata Group

Mon, Dec 05, 2016

Cyrus Mistry saga continued on Monday with the ousted chairman writing a 14 page letter to shareholders before the upcoming EGMs, questioning the governance methods of the Tata Group.

Nusli Wadia seeks ‘unconditional public apology’ from Tata Sons

Nusli Wadia seeks ‘unconditional public apology’ from Tata Sons

Thu, Dec 01, 2016

Reiterating his threat to sue Tata Sons on a defamation notice, Nusli Wadia, legal head of the Tata Group said on Wednesday night that he demands an ‘unconditional public apology,’ with regards to the allegations made against him by the group.

Board fights will have no impact on Tata Group, Moody's says

Board fights will have no impact on Tata Group, Moody's says

Wed, Nov 30, 2016

Kaustubh Chaubal, a Moody's Vice President and Senior Analyst said, "We expect that Tata Sons can continue to extend support to its key operating companies, should the need arise, owing to its substantial cash holdings and the significant value of its listed equity investments, and despite an ongoing boardroom reshuffle."

Tata Sons' shareholders discord may hit group companies: S&P

Tata Sons' shareholders discord may hit group companies: S&P

Mon, Nov 28, 2016

The recent events at Tata Group could lead to slow decision-making at some of the group companies.

Cyrus Mistry, Nusli Wadia to contest removal from Tata Motors board

Cyrus Mistry, Nusli Wadia to contest removal from Tata Motors board

Mon, Nov 28, 2016

Hardening their position against Tata Sons, ousted chairman Cyrus Mistry and independent director Nusli Wadia, who has been backing him, will contest the proposal to remove them from the board of Tata Motors by making separate representation to “members of the company.”

TCS says Cyrus Mistry's removal in best interest of co

TCS says Cyrus Mistry's removal in best interest of co

Mon, Nov 21, 2016

It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Tata's boardroom battle with ousted chairman Cyrus Mistry escalates

Fri, Nov 11, 2016

Tata Sons, holding firm of India`s $100-billion salt-to-software Tata conglomerate, launched a broadside on Thursday against its ousted chairman Cyrus Mistry, criticising his performance and removing him as head of the group`s flagship business.

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