Though the Ratan Tata – Cyrus Mistry conflict seems to have taken a backseat due to ongoing national and global events, the dispute continues to intensify, threatening to prolong the mayhem within the nearly USD 100 billion Tata empire that produces amenities ranging from table salt to Jaguar sports cars! The internal discord has also…
Even as the face-off between the ousted Cyrus Mistry and the Tata Group continues, investors have lost over USD 12 billion (Rs.80,400 Crores) since 24th October, 2016, when Ratan Tata reclaimed control as the Interim Chairman of the Tata Group. The following are the latest updates: Tata Sons Seeks Nusli Wadia’s Ouster For Supporting Cyrus…
On the eve of 24th October, after the markets closed, Tata Sons Ltd issued the statement that its Board has replaced Cyrus Mistry as Chairman, and that previous Chairman, Ratan Tata, would preside as the interim Chairman, while a search panel had been constituted to find a new one. This unexpected move has taken the…