The passing of a crown is always a delicate affair. In 1991, when JRD Tata handed his to Ratan Naval Tata, his courtiers had rebelled. It took time for RNT to subdue the satraps and prove JRDs decision on his successor was perhaps his finest. But then JRD was always renowned for his ability to pick men. The circumstances around anointing RNTs successor exactly two decades later were rather different....
10:47 AM, Dec 13, 2011
Just minutes before the world heard the news of the new chairman-in-waiting, Ratan Tata had individually called each of his leading CEOs in Bombay House on the phone to inform them about the board's decision. Many were stunned. Cyrus Mistry's long-standing assistant Vasu at SP Centre, the group's HQ in South Mumbai, too had fielded calls from senior colleagues across the SP Group asking if the news was true. Vasu...
03:01 PM, Dec 02, 2011
New Delhi: Cyrus Mistry, the next chief of the sprawling Tata empire, will have the responsibility of setting the pace and ensuring overall business continuity amid global economic headwinds, feel experts. At the same time, they feel that the one-year period under the guidance of iconic Ratan Tata would provide 43-year-old Mistry with an opportunity to closely understand the intricacies of running a salt-to-software conglomerate of this size and stature....
12:15 PM, Nov 27, 2011
Mumbai: The next chairman of India's venerable salt-to-software conglomerate Tata Group will be an insider and a family member by marriage. India's biggest corporate house had mounted a global search that lasted more than a year for a successor to Chairman Ratan Tata, but ended up tapping Cyrus Mistry, whose father is the biggest shareholder in the Tata Sons holding company. Mistry, 43, was named deputy chairman of Tata Sons...
12:02 PM, Nov 24, 2011
Mumbai: A number of Tata stocks opened on a strong note on Thursday, a day after Cyrus Mistry was named as successor to Ratan Tata as the group head, but could not sustain the gains in a weak market. However, a few like Tata Power, Tata Coffee and Trent were holding onto gains in early morning trade. The most valued Tata company, IT giant TCS saw its share price rising...
10:20 AM, Nov 24, 2011
Mumbai: Former Tata Steel MD JJ Irani has praised Tata Sons Chairman Ratan Tata's surprise decision to appoint 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry as his successor. This is the second time that the group will have a non-Tata at the helm of affairs in its 143-year history. Giving a thumbs up to Mistry, JJ Irani said, "He is very open, he is correct, he...
06:10 AM, Nov 24, 2011
Mumbai: Tata Sons Chairman Ratan Tata has appointed 43-year-old Director of Tata Sons and Tata Elxsi (India) Cyrus Mistry his successor. Mistry will work with Ratan Tata over the next year and take over from him when Tata retires in December 2012. The Board of Directors of Tata Sons at its meeting on Wednesday appointed Cyrus P Mistry as Deputy Chairman. Endorsing the appointment, Ratan Tata said, "The appointment of...
06:22 PM, Nov 23, 2011
An Active Judiciary Is A Peoples Right The hallmark of a great nation is its institutions. The stronger the ability of these institutions to uphold and preserve fundamental values, the greater the nation would be. When Indias founding fathers wrote the Constitution, they created three arms " Parliament, Executive and the Judiciary " of the state that together were to be the keepers of the ideals of the nation as...
11:06 AM, Sep 02, 2011
New Delhi: Tata Sons on Wednesday said it has set up a panel to search for a successor to Group Chairman Ratan Tata, who is due to retire in December 2012. The move comes within days of elevation of Noel Tata, Ratan Tata's half-brother, as head of the $ 72 billion Group's international operations, lending credence to speculation that he would be annointed the successor. "The Board of Tata Sons...
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07:24 AM, Nov 13, 2008
Tatas Tea and Tata Sons have bought US-based Glaceau Water Products jointly for $677 million. ...
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