Tag Archives: Tata Sons

The latest missive from Cyrus Mistry defending his actions in the Tata DoCoMo deal and other charges levelled against him by Tatas is bringing the Tata Sons boardroom coup to a new low. Is there an end in sight to this you-did-it-no-i-did-not war of words? After Cyrus Mistry, former chairman of Tata, was sacked and Ratan Tata, the old guard, ... Read More »

Ratan Tata, who returned this week to the helm of India’s largest conglomerate, is seeking a partner that could buy out the Tata Sons Ltd. stake held by the family of ousted Chairman Cyrus Mistry, people with knowledge of the matter said. The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their ... Read More »

While Tata Sons followed up the sacking of its Chairman Cyrus Mistry on October 24 by inducting two new directors into the board, the now ousted former chairman has criticised the board room ‘replacement’ in an October 25 emailed letter and termed the move as ‘shocking and unparalleled’ in the annals of corporate history. According to the letter Mistry has ... Read More »

The two groups have been running Tata Starbucks coffee chain in the country since October 2012 as part of a joint venture. Tata Sons and Starbucks have finalised multiple new joint initiatives to expand their collaboration at a global level, apart from building the iconic American coffee chain’s brand and business. The initiatives include sourcing Indian coffee for the US ... Read More »

Tata Consultancy Services (TCS) was India’s most profitable firm before Mukesh Ambani-led Reliance Industries dethroned it yesterday. But there are bigger issues that TCS top-brass has to deal with — high attrition. For the year ended March 31, 2015, TCS lost 14.9% of its total workforce of over 3 lakh employees. The company lost a total of 47,931 employees in the year, ... Read More »