ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Taking charge is in the interest of stability of Tata Sons: Ratan Tata to employees

As per the company's statement, it will decide the new Chairman in next four months.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Taking charge is in the interest of stability of Tata Sons: Ratan Tata to employees
Mistry had took over the seat four years back, in December 2012. Photo: IANS

Ratan Tata has replaced Cyrus Mistry to become the interim chairman of the Group for a period of four months till it finds another chairman. 

Ratan Tata, in a letter to employees of Tata Group companies, wrote that the Board requested Tata to take charge till the Selection Committee finds a replacement. 

The Board has constituted a Selection Committee to choose a new Chairman. The Committee comprises Mr. Ratan N. Tata, Mr. Venu Srinivasan, Mr. Amit Chandra, Mr. Ronen Sen and Lord Kumar Bhattacharyya, as per the criteria in the Articles of Association of Tata Sons. 

As per the company's statement, it will decide the new Chairman in next four months. 

Mistry had took over the seat four years back, in December 2012, when Ratan Tata decided to become 'angel' for startups. 

After the announcement, Shapoorji and Pallonji Group termed his removal as 'illegal' as no prior notice was given to Mistry. Mistry was earlier the Managing Director of Shapoorji Pallonji Group and is the youngest son Indian construction magnate Pallonji Mistry.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Ratan TataCyrus MistryTata SonsRatan Tata's letter to employeesTata Group
Written By: ZeeBiz WebTeam
Updated: Mon, Oct 24, 2016
09:54 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Here's how Tata shares performed during Cyrus Mistry's 4 year reign Here's how Tata shares performed during Cyrus Mistry's 4 year reign
Cyrus Mistry's removal illegal, says Shapoorji Pallonji Group Cyrus Mistry's removal illegal, says Shapoorji Pallonji Group

LATEST NEWS

Budget 2023: Govt may not come up with fresh divestment plans; likely to focus on privatisation of already announced PSU firms

Traders Guide: 10 things to know before market opens on Monday, January 30 – stocks in news, Q3 results and more

Tech Mahindra Q3 Results Preview: Net profit likely at Rs 1,300 crore with 50 bps rise in margin

Donald Trump opens 2024 US presidential run, says more committed than ever

Australian Open: Novak Djokovic wins his 10th Melbourne title, joins Nadal on 22 Grand Slam titles

Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis

Market Capitalisation Update: Seven of top-10 BSE listed firms shed Rs 2.16 lakh cr; SBI, HDFC Bank among top losers

Pathaan box office collection: SRK starrer creates history, becomes highest gross opening weekend movie

India vs New Zealand 2nd T20I Match Live Streaming - When and Where to watch IND vs NZ live today

FPIs withdraw Rs 17,000 cr from Indian equities in January so far; adopt cautious stance ahead of Budget 2023 and US Fed policy

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV