Cyrus Mistry

Allegations of Docomo handled without consulting Tata Sons "baseless": Mistry

Mumbai (Maharashtra) [India], Nov. 1 : Ousted Tata Sons chairman Cyrus Mistry on Tuesday dismissed allegations that Docomo, its Japanese telecom partner, issue handled under his watch was "inconsistent with Tata culture and values."

"Insinuations that the Docomo issue was handled under the watch of Mistry in a manner inconsistent with Tata culture and values are baseless. The suggestion that Ratan Tata and the trustees would not have approved of the manner in which the litigation was conducted is contrary to what transpired," the official statement from Mistry's office stated.

He said that all decisions were taken with the unanimous approval of the Tata Sons Board, adding that they were collective decisions and the actions were in consistent with every such collective decision.

Tata Motors lines up up to Rs 4,000 crore capex

Tata Motors lines up up to Rs 4,000 crore capexMumbai: With expected turnaround of auto industry by the latter half of the financial year, Tata Motors on Thursday said it is investing Rs 3,500-Rs 4,000 crore this year.

"Our capital expenditure plan for Tata Motors this year is Rs 3,500-Rs 4,000 crore and we will continue to invest for the next three-year period," Chairman Cyrus Mistry told shareholders at the annual general meeting (AGM) here.

The company spent Rs 3,094 crore on capex, design and development of products in FY 2014.

European economic slump forces Tata Motors to mull Spanish subsidiary’s future

European economic slump forces Tata Motors to mull Spanish subsidiary’s futureThe future of Tata Motors' Spanish bus-manufacturing subsidiary Hispano Carrocera is unclear as the euro zone country's challenging market conditions have forced the Indian automobile giant to mull various strategic options for the facility.

Cyrus Mistry, chairman of Tata Motors, on Wednesday told shareholders that the company was thinking over what to do with Hispano Carrocera. He said the drastic decline in demand in the European markets over the past few years had hit sales of vehicles very hard.

Cyrus Mistry underlines the need to celebrate women at workplaces

Cyrus Mistry underlines the need to celebrate women at workplacesThe companies where women aren't sufficiently represented miss out on 50 per cent of the talent pool, Tata Group Chairman Cyrus Mistry said.

In his first message to shareholders as the chairman of Tata Global Beverages Ltd, Mistry said that workplaces that celebrate women reap benefits from better decisions, and thus companies should do much more to retain, develop and grow their women employees.

Tata Sons Chairman inaugurates Coke Oven plant on founder’s 174th birthday

Tata Sons Chairman inaugurates Coke Oven plant on founder’s 174th birthdayTata Sons Chairman Cyrus P Mistry on Sunday inaugurated a new Coke Oven Battery & By-Product facility at the company's Jamshedpur-based steel plant.

The Coke Oven Battery & By-Product Plant, which will operate with a total of 88 ovens, has an annual production capacity of 0.7 million tones. The new plant will also produce 44,000 Nm3/Hr by-product of coke oven gas, 35305 tones coal tar per annum, and 1668 tones pure sulphur per annum.

Mamata Banerjee should speak Cyrus Mistry to resolve Singur land issue: says CPI (M) leader

Mamata Banerjee should speak Cyrus Mistry to resolve Singur land issue: says CPI (M) leader West Bengal Chief Minister Mamata Banerjee should speak Tata Group's new chairman Cyrus Mistry to sort out the Singur land dispute, Senior CPI (M) leader Surjya Kanta Mishra said.

Mr. Mishra, the Leader of the Opposition in West Bengal Assembly, the change of guard at the Tata conglomerate provided the government with an opportunity to break the impasse over the automobile manufacturing facility in Singur district.

Ratan Tata retires, gives reins of Tata Group to Cyrus Mistry

/Ratan-Tata-Cyrus-Mistry-01New Delhi/Mumbai, Dec 28 : Ratan Tata, 75, retired gracefully as the chairman of the Tata Group, and handed over its management to Cyrus Mistry on Friday.

Mistry, 44, was designated as the next chairman of one of India's largest business group's in November 2011.

Mistry is a member of the Tata family by marriage and his father -- construction magnate Pallonji Mistry, is the largest single holder of shares in Tata Sons (18 percent), the group's holding company.

Cyrus Mistry faces big challenges in his new role

Cyrus Mistry faces big challenges in his new roleTata Group's outgoing chairman Ratan Tata will not only hand over reigns of the 100-billion salt to software conglomerate to Cyrus Mistry but also several problems of group.

On December 28, 43-year-old Mistry will take over the conglomerate as it new chairman. He will have more than one hundred companies, around 81,000 employees and revenues of Rs 1,45,000 crore to look after. The group companies operate in diverse fields, ranging from salt to software to look after.

Some day Tatas could go back to West Bengal: Ratan Tata hints

Some day Tatas could go back to West Bengal: Ratan Tata hintsSalt to software conglomerate Tata Group's outgoing chairman, Ratan Tata, has hinted that some day the group could go back to West Bengal.

Tata Motors, the automobile division of Tata Group, had initially tried to produce its Nano car from a plant in Singur district of West Bengal, but political protests forced the manufacturer to shift the plant to Sanand in Gujarat.

Mr. Ratan said Singur was a "great disappointment" for them but added that he had a great affinity with West Bengal and would like to see something happen there.

Ratan Tata advises Cyrus Mistry to be his own person

Ratan Tata advises Cyrus Mistry to be his own personRatan Tata, outgoing chairman of the $100 billion Tata group, has advised his successor, Cyrus Mistry, to be his own person.

Dismissing views that his personality would linger even after his departure, Mr. Tata said that Mr. Mistry should decide what he would want to.

Speaking about his five decades with Tata group and his equation with Mr. Mistry, he said, "I don't think it is right to have a ghost to shadow over somebody. You [Mr. Mistry] should be your own person, you should take your own call and you should decide what you want to."

Ratan Tata chairs last Tata Motors AGM before retirement

Ratan Tata chairs last Tata Motors AGM before retirementRatan Tata has chaired the annual general meeting of his group firm, Tata Motors for the last time before he retires as the chairman of Tata Sons this year.

Mr. Tata will pass on the chairmanship to Cyrus Mistry, who is an engineer and MBA from UK, said Mr. Tata. He also thanked the company shareholders for their support and backing for him and now he wants them to provide similar support to Mr. Mistry.

Cyrus Mistry to replace Ratan Tata as head of Tata group

Cyrus Mistry to replace Ratan Tata as head of Tata groupThe Tata group has announced that Cyrus Mistry will replace Ratan Tata as the head of the Indian business house. Cyrus Mistry would become Chairman of the Tata group's holding company Tata Sons in December 2012 after the retirement of Ratan Tata.




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