He said the group Jamshedpur city is in safe hand as Chandra has an impeccable work record
The Trusts own two-thirds of Tata Group's stocks
It is a well deserved recognition of his proven leadership capabilities, says Tata
Mistry reduced representation of Tata Sons' directors on the boards of other major Tata Companies
Without naming anyone, he said the ethics and values of the group have been 'challenged'
As feud at India's biggest conglomerate continues, Tata Group's interim chairman Ratan Tata today said there has been a wilful, well-orchestrated move to destroy his personal reputation through unsubstantiated allegations. Without naming anyone, he said the ethics and values of the group have been "challenged by people who are known not to practice what they often preach". Tata, 78, who came back from retirement to take over Tata Sons after his successor Cyrus P Mistry was unceremoniously ousted on October 24, asked employees to put the events behind and re-dedicate themselves to re-establishing the Tata Group's leadership. "The past three months have been turbulent and wasteful. There has been a willful, well-orchestrated endeavour to destroy the personal reputations of individuals and the reputation of the Tata Group, through unsubstantiated allegations," he wrote to the Tata employees. In a new year message to employees, he said there has been an "overwhealming groundswell o
Details of closed-door private Tata-Bhagwat meeting were not immediately available
Ousted Tata Sons chairman Cyrus Mistry vows a multi-layered battle for governance reforms at the $100 billion conglomerate
Such corporate infighting is not rampant in India, but the latest events could set a dangerous precedent
However, a spokesperson for Tata Sons called the allegations baseless
The time is now ripe for institutional investors in India to play an important role in deciding the future of Indian companies.
Trustees say that a change was being considered but there was no timeline
Special Judge OP Saini fixed January 11 for consideration of the complaint and further argument
Tata Trusts controls a 66 per cent stake in the $100 billion Tata conglomerate's holding company.
Tata Group recently announced a 10-year investment commitment to save thousands of jobs
Ousted chairman calls Tata a liar
Parody handles have gone berserk with tweets on the daily developments
Move among six suggestions for the way forward for the group
The board of Tata group's main holding company Tata Sons is scheduled to meet at its headquarters Bombay House in afternoon for a pre-scheduled meeting, sources said.
According to FinMin officials, there is concern in North Block over the ongoing battle for control of Tata group companies between Ratan Tata and Cyrus Mistry