The firing of the chairman of Tata Sons naturally meant Mistry would step down from the boards of all Tata group companies, but he did not. There was hardly any divesture of assets to shore up revenues as had been suggested. By Satish John. Ratan Tata was a conspicuous absentee. Just eight days later, Temasek was allotted shares at 26, resulting in an instant gain of crore. Bharat Vasani and Mr. Tata has this knack of bringing in people from outside in key group positions who enjoy disproportionate influence over him.
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When institutional investors resisted this move in group company ACC and they could not go beyond The palace coup On 4 Augustthe Shapoorji Pallonji group hosted an event at the Jamshed Bhabha theatre in south Mumbai to celebrate its th anniversary.

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The roots of this relationship go back to when Siva bought the Barista coffee chain from Tata Sons for 65 crore.
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Venkat As of Tata Consultancy Services Limited, Mumbai TCS. Read 1 question, and contact Venkat Viswanathan Ramachandran.
Tata Consultancy Services. Girish Ramachandran S Venkatramani Global Consulting Practice its subsidiaries (collectively referred to as "TCS Limited" or the "Company") as of March.
At a Tata Sons board meeting on June 29, Harvard Business School dean, a confidante of Tata and board member, Nitin Nohria, and a fellow trustee-nominated director, Vijay Singh, excused themselves, returning after more than an hour. In due course, they were all inducted as directors.
Nor does he gain anything meaningful staying on the board of the companies. Mail This Article. The next hearing is scheduled for August
They can move the high court seeking quashing of the complaint. Curiously, Siva had paid crore through a loan from Standard Chartered Bank against a virtual guarantee by Tata Sons, which meant if Siva were to default, Tata Sons would have had to buy the Tata Teleservices shares and repay the loan.
The board members agreed and a decision was taken to initiate legal action.
Bharat Vasani and Mr.
It also accused Mistry of making "false, malicious and derogatory" allegations against Venkat in filings with the National Company Law Tribunal in Mumbai.
That was not all.