Page 3 - Tata Sons

'He was destined for greatness': India Inc grieves Cyrus Mistry's death

Leads to an outpouring of grief and shock among his industry colleagues

Cyrus Mistry cared deeply about sustaining Tata group values: Mukund Rajan

Mukund Rajan, who worked closely with Cyrus Mistry, on Sunday said his former boss' death in a car accident is a huge loss for the corporate world. "He cared deeply about sustaining the values the (Tata) Group stood for, and set a great example of hard work and responsibility for every member of his team," Rajan, who was the brand custodian and member of the group executive council (GEC) under Mistry, told PTI. Rajan said Mistry, who donned the mantle of chairmanship at the age of 44 in 2012, was very young but slipped into the giant shoes of his predecessor Ratan Tata with felicity and grace. Mistry was described as an inspiring leader, and a kind and considerate human being by Rajan, who had worked under Ratan Tata. "His untimely demise is a huge loss for the corporate world, Rajan, who began an entrepreneurial journey after leaving the Tata group in 2018, said.

Cyrus Mistry's death puts spotlight on SP Group's holding in Tata Sons

There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons

Union ministers, industry leaders condole death of Cyrus Mistry

Prime Minister Narendra Modi on Sunday condoled the demise of Mistry and said his passing away is a big loss to the world of commerce and industry

Cyrus Mistry: A reclusive scion who fought for honour after being fired

Till his appointment as the chairman to lead Tata Sons, not many knew of Cyrus Mistry, who was then associated only with his family business. A south Mumbai low-profile boy, 44-year-old Mistry family scion was already heading companies in the Shapoorji Pallonji Group when he was appointed to succeed Ratan Tata as the head of the over USD 100 billion, salt-to-software Tata group. According to reports, he was reluctant to take up the job but some persuasion, including by Ratan Tata himself, led him to accept the offer. After four years at the helm, he was replaced in a boardroom coup in October 2016, which saw Ratan Tata coming back to helm the group before the reigns were passed on to N Chandrasekhar. The might of his father Pallonji Shapoorji Mistry who was called as the 'Phantom of Bombay House' for the influence he wielded at the Tata Group headquarters, did not come in handy to help Mistry, who had begun on a wide-ranging drive to improve governance practices at the group. It ..

Cyrus Mistry: SP Group to Tata Group, and beyond - A look at his journey

Known to like golf, the late business magnate Cyrus Mistry was considered a studious backroom executive with a sharp mind

Tata Sons chairman N Chandrasekaran condoles death of Cyrus Mistry

Tata Sons Chairman N Chandrasekaran on Sunday condoled the death of Cyrus Mistry, a man who, he said, had a passion for life. "I am deeply saddened by the sudden and untimely demise of Mr Cyrus Mistry. He had a passion for life and it is really tragic that he passed away at such a young age," Chandrasekaran said in a statement. He further said, "My deepest condolences and prayers for his family in these difficult times." According to police, Mistry (54) was killed on Sunday when his car hit a road divider on a bridge in Maharashtra's Palghar district neighbouring Mumbai. Mistry took over as Chairman of Tata Sons in December 2012 after Ratan Tata retired. However, in October 2016 he was ousted from the position followed by boardroom battles and a long-drawn legal battle. Chandrasekaran was designated as Chairman of Tata Sons in January 2017 and took official charge in February 2017.

Cyrus Mistry, ex-chairman of Tata Sons, dies in road accident near Mumbai

Untimely demise of Cyrus Mistry shocking; he was promising business leader who believed in India's economic prowess, tweets PM Modi

Tata alters policies to consolidate group operations under one umbrella

In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors

Top headlines: Economy grows at fastest pace, Tata Sons amends AoA and more

With this, Tata Sons and Tata Trusts, which own 66 per cent of the group, must have separate chairmen

Tata Sons amends articles of association at AGM to split top roles

The resolutions to renew the directorship of Ajay Piramal and Venu Srinvasan were also cleared by the shareholders

Minority investors may seek higher dividend as Tata Sons posts huge profit

Firm reports Rs 19,638 crore liability towards AGR dues of Tata Teleservices, makes provisions of Rs 1,148 crore for AGR and is expected to make additional provisions in the years ahead

Tata Sons may have to write off Rs 2,600 cr AirAsia India's losses: Report

Tata Sons will likely have to write off Rs 2,600 crore in form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire

Tata Sons pegs AGR liabilities of two telecom firms at Rs 19,638 cr

Tata Teleservices, one of the first to start wireless telephony services in India, becomes cash burner for group

Top Headlines: Common charger for all mobiles; banks rush to woo depositors

At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country's largest bank, State Bank of India (SBI), have raised deposit rates ahead of the festival

Shareholders may vote on splitting chairman posts at Tata Sons & Trusts

The chairman of the committee will be selected by the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust from amongst the nominees nominated by the Trusts

Head of Tata Trusts may be disallowed from heading a Tata Group company

Ratan Tata was the last person to chair both the companies, Tata Sons and Tata Trusts, after JRD Tata. He is deliberating on the issue to ensure that the interests of both companies are protected

India at 75: What's the way ahead for govt on privatisation, asset sales

While the govt has secured a big win by privatising Air India, it is still far from its initial goal of privatising majority of PSUs

Sauvik Banerjjee, former Tata Digital CTO, joins UK's Rezolve

Banerjjee brings to Rezolve more than 22 years of experience in senior roles

Air India's load factor improves to 80% under Tata group management

It has risen to 80% in February-June period, compared with 60%; but market share is lower than in January