Articles tagged under: Cyrus Mistry

Cyrus Mistry attends reinstallation ceremony of Bhairav murti in Surat

November 24, 2017

Surat: Former Chairman of Tata Group, Cyrus Mistry attended reinstallation of 400-year old murti of Bhairavnath in Ashapura mandir in Vesu area of Surat. Forefathers of Mistry were worshipping Bhairavnath murti which was noticed by Cyrus through mention in old family diary. Last December Cyrus had visited this mandir with his son and performed puja. He had then proposed to reinstall the idol. DeshGujaratRead More

Tata Sons hits out at Mistry; accuses him of betraying trust, removes him as TCS chairman

November 10, 2016
Tata Sons hits out at Mistry; accuses him of betraying trust, removes him as TCS chairman

Mumbai:Launching a scathing attack on ousted chairman Cyrus Mistry, Tata Sons today accused him of betraying trust and trying to seek control of main operating firms of the over USD 100 billion group. In a nine-page statement, the promoter of the major operating Tata companies made a point by point rebuttal to the letter which Mistry had written to its board members a day after he was ousted on October 24. Tata Sons accused Mistry of trying to gain control of the Indian Hotels Co Ltd - the...Read More

Mistry ouster: Tata stocks extend fall; total wipe out INR 21,000 crore

October 26, 2016
Mistry ouster: Tata stocks extend fall; total wipe out INR 21,000 crore

New Delhi: Key Tata Group firms lost over INR 10,000 crore for the second day on Wednesday, extending the total erosion in market capitalisation to more than INR 21,000 crore following Cyrus Mistry's ouster as Tata Group chairman. These firms had lost about INR 10,700 crore on Tuesday. Shares of Tata Motors dipped 4.27 per cent, Tata Steel slumped 4.01 per cent, Tata Power lost 2.06 per cent and TCS fell by 0.07 per cent on BSE on Wednesday. Besides, Tata Metaliks slipped 3.85 per cent,...Read More

Cyrus Mistry says he was pushed to a position of ‘lame duck’ chairman

October 26, 2016
Cyrus Mistry says he was pushed to a position of ‘lame duck’ chairman

Mumbai: Sacked unceremoniously, a "shocked" Cyrus Mistry has levelled a series of allegations against Ratan Tata and contended that he was pushed in to a position of "lame duck" chairman and changes in decision making process created alternate power centres in Tata Group. In an explosive confidential email to Tata Sons board members, he accused them of replacing him as Chairman of India's largest conglomerate without so much as a word of explanation and without affording him an opportunity of...Read More

Shocked beyond words, removal is unparalleled, says Cyrus Mistry

October 26, 2016
Shocked beyond words, removal is unparalleled, says Cyrus Mistry

Ahmedabad: In an email to Tata Sons board members, Mr. Mistry said that he was “shocked byond words.” In an email to Tata Sons board members, Cyrus Mistry, former chairman of the group, has called his removal from the position “unparalleled in the annals of corporate history.” In a report in The Economic Times, Mr. Mistry, in the email, goes on to say that the board of directors “has not covered itself with glory.” The report also states that Mr. Mistry said he was “shocked b...Read More

Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman, Selection Committee set up for new Chairman

October 24, 2016
Tata Sons Board replaces Mr. Cyrus P. Mistry as Chairman,  Selection Committee set up for new Chairman

Mumbai: Tata Sons today announced that its Board has replaced Mr. Cyrus P. Mistry as Chairman of Tata Sons. The decision was taken at a Board meeting held here today. The Board has named Mr. Ratan N. Tata as Interim Chairman of Tata Sons. The Board has constituted a Selection Committee to choose a new Chairman. The Committee comprises Mr. Ratan N. Tata, Mr. Venu Srinivasan, Mr. Amit Chandra, Mr. Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata...Read More

Exits for Tata Group usually the last resort: Cyrus Mistry

October 02, 2016
Exits for Tata Group usually the last resort: Cyrus Mistry

New York: Tata Group chairman Cyrus Mistry has said he is "not embarrassed" to admit that exits for the group, which has exited over 40 businesses in 20 years, are usually the last resort and the conglomerate does not take decisions about exiting through a "short-term financial lens". Mistry cited the turnaround and growth of Tata's jewelery brand Tanishq and its IT arm Tata Consultancy Services as examples "within the group where persistence and a long-term perspective have paid off." He ...Read More

Cyrus Mistry describes three factors that drive Tata group’s continuous growth in Gujarat

January 12, 2015

Gandhinagar, DeshGujarat Speaking at valedictory function of 7th Vibrant Gujarat Summit, Tata Group Chairman Cyrus Mistry said Tata Group's continuous growth in Gujarat is driven by three factors. Firstone is Gujarat's exceptional logistical infrastructure, second one is Gujarat's responsible administration whose response continuously sets standard for others to follow, and third that Gujarat has advantage of its people who bring positive energy and entreprene...Read More

Gujarat CM unveils Salt of the Earth: The Story of Tata Chemicals

November 26, 2014

Gandhinagar, 26 November 2014 Tata Chemicals Limited (TCL), India’s top chemicals enterprise and a leading producer of fertilisers, food products and food additives, today announced the launch of the book, Salt of the Earth: The Story of Tata Chemicals, a chronicle of the company and the people who shaped it over the 75 years of its existence. The book was unveiled by Anandiben Patel, the Chief Minister of Gujarat, at the Mahatma Gandhi Mandir here in the presence ...Read More

Tata Group Chairman Cyrus Mistry meets Gujarat Chief Minister Anandiben Patel

July 22, 2014

[caption id="attachment_64316" align="alignnone" width="790"] Cyrus Mistry Chairman Tata Group with Gujarat Chief Minister Anandiben Patel[/caption] Gandhinagar, 22 July, 2014 Chairman of Tata Group, Cyrus Mistry today called on Gujarat Chief Minister Anandiben Patel. This meeting was described as 'courtesy call'. Tata Consultancy Services(TCS) Gandhinagar, Tata Motors Sanand, Tata Chemicals Mithapur, Tata UMPP project Mundra are some of the major units of Tata Gr...Read More

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