Be your own man, Ratan Tata has advised Cyrus Mistry, who will succeed him at the helm of the USD 100 billion Tata group two weeks from now. ...
12:48 PM, Dec 14, 2012
Mumbai: Tata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company. In two separate filings to the BSE, the two firms said the respective meetings of the Board of Directors decided the changes as per Tata's retirement plans in December 2012. "Effective November 20,...
06:34 PM, Nov 20, 2012
New Delhi: Reliance Industries Chairman Mukesh Ambani is the country's richest man with a personal fortune of $ 21 billion, according to Forbes Magazine. Mukesh Ambani beats steel giant Lakshmi Mittal and Wipro head Azim Premji to top the Forbes's list. Lakshmi Mittal has attained the second spot with $16 billion and the third spot goes to Azim Premji. Pharma tycoon Dilip Shanghvi is the biggest gainer making an entry...
12:42 PM, Oct 25, 2012
New Delhi: Reliance Industries chairman Mukesh Ambani, with a personal fortune of $19.3 billion, is the richest Indian, China-based research firm Hurun said in a report Wednesday. Ambani is followed by Arcelor-Mittal chief LN Mittal, whose wealth is pegged at $16.9 billion. In terms of personal fortune, Ambani and Mittal are followed by Azim Premji of Wipro ($12.3 billion), Dilip Shanghvi of Sun Pharmaceuticals ($8.5 billion), Pallonji Mistry of Shapoorji...
02:11 PM, Oct 11, 2012
New Delhi: Ratan Tata will be attending his last Annual General Meeting (AGM) as Chairman of the Tata group on Friday. He will preside over the Tata Tea AGM in Kolkata. Tata is set to retire as chairman in December 2012 and 44-year old Cyrus Pallonji Mistry, who is the current Deputy Chairman, will take over from him. Tata will step down as Chairman of Tata Sons and other group...
08:13 AM, Aug 31, 2012
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
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: 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
Reflecting the global turmoil, the fortunes of a majority of the richest Indians fell this year. Even then, 15 individuals managed to break into his exclusive club. Oh, the ways of wealth! After two years of unprecedented richness, the 100 richest people in India have turned poorer in 2011. With the volatile Sensex losing more than 20 percent since we last compiled the list, Indias wealthiest saw their total fortune...
10:51 AM, Nov 15, 2011
