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Cyrus Mistry moves contempt application at NCLT against Tatas
Wed, Jan 11, 2017
Two investment firms owned by the family of Cyrus Mistry on Wednesday filed a contempt application at NCLT against Tata Sons and its directors including Ratan Tata, alleging violation of the tribunal's order in initiating steps to remove him from the board.
US H1-B Bill, if passed, will erode margins of Indian IT companies
Tue, Jan 10, 2017
The ratings agency said, "If implemented will reduce the talent pool qualifying for such visas and in turn result in either increased employee cost for hiring employees with higher qualification or subcontract work, both of which would increase the cost of operations and pressurise margins."
IT stocks slump 4% on concerns over H1-B visa
Fri, Jan 06, 2017
IT stocks fell as much as 4% on Friday amid concerns that a bill backing key changes in the H1-B Visa programme, that allows skilled workers from countries like India to fill high-tech jobs in the US, has been re-introduced in the US Congress.
India's Tata calls for final meeting to oust ex-chairman Mistry
Fri, Jan 06, 2017
India`s salt-to-steel conglomerate Tata Sons Friday cranked up its legal tussle with ousted chairman Cyrus Mistry by calling for a shareholders` meeting to remove him from its board.
Nearly 200 stocks hit 52-week high on BSE
Thu, Jan 05, 2017
Nearly 200 stocks on Thursday hit their 52-week high on the BSE, mirroring the strong show by benchmark Sensex which zoomed over 245 points.
Why Cyrus Mistry, Tatas dominated news headlines in 2016
Tue, Dec 27, 2016
Tata Sons announced surprise removal of its former chairman Cyrus Mistry from the company's board in October this year leading to other Tata Group companies following its footsteps to expel him from their board rooms, that kept Mistry and Tatas in the news in 2016.
7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit
Sun, Dec 25, 2016
Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with State Bank of India (SBI) reporting maximum losses, even as the benchmark Sensex lost 1.69%.
Removal from Tata Teleservices not surprising, Mistry says
Thu, Dec 15, 2016
After being ousted from the third Tata Group company, Cyrus Mistry, former chairman of Tata Sons on Wednesday said that his removal was anticipated.
Over 70% non-promoters voted against my removal or abstained: Mistry
Wed, Dec 14, 2016
Cyrus Mistry, former chairman at Tata Sons, who was also ousted from Tata Consultancy Services (TCS) responded to his ‘vote out’ with a thank you letter to the shareholders.
Tata Sons issues appeal to its stakeholders
Sun, Dec 11, 2016
Tata Sons on Sunday issued an appeal to all stakeholders of Tata companies thanking them for their continued support in the management's decision to remove Cyrus P Mistry from Tata Group company's board.
Nine of top 10 firms add Rs 56,112 crore in m-cap; ONGC, Reliance Industries shine
Sun, Dec 11, 2016
The combined market valuation of nine of the top 10 most valued companies surged by Rs 56,112 crore last week, as the benchmark indices recorded their best gains since September 2, with ONGC and Reliance Industries Ltd (RIL) emerging as the biggest gainers.
Fearing tighter US visa regime, Indian IT firms rush to hire, acquire
Mon, Nov 28, 2016
Anticipating a more protectionist US technology visa programme under a Donald Trump administration, India's $150 billion IT services sector will speed up acquisitions in the United States (US) and recruit more heavily from college campuses there.
Now, Tata Steel shows Cyrus Mistry the exit door
Fri, Nov 25, 2016
Yet another Tata Sons company has replaced Cyrus Mistry as Chairman. Tata Sons also seeks to remove him from Indian Hotels.
Mistry does U-turn on Corus, TCS as Tata veterans trash claims
Thu, Nov 24, 2016
Springing to the defence of Ratan Tata, two retired group veterans - FC Kohli and B Muthuraman - on Wednesday rubbished as "frivolous and incorrect" Cyrus Mistry's charges that the patriarch wanted to sell TCS and his ego had inflated Corus acquisition cost, leading to the ousted group chairman p
Former TCS chairman Kohli denies Mistry's IBM claims
Wed, Nov 23, 2016
He said, "I was actively involved in the decision to bring IBM to India. A JV for hardware manufacturing and support in India, Tata IBM, was set up in 1991-92. This JV was undertaken to promote a computer hardware industry in India which was non-existent at that time."
Mistry counters Tata’s accusations on material contributions to TCS, JLR
Tue, Nov 22, 2016
In the on-going spat of Mistry vs Tatas, the ousted chairman has hit back with a five page response on Tuesday to Tata Sons’ remarks on how Mistry made no material contributions to the success of Tata Consultancy Services (TCS) and Jaguar Land Rover (JLR).
After TCS, Indian Hotels calls for EGM to remove Cyrus Mistry
Mon, Nov 21, 2016
TCS and Indian Hotels calls for EGM to oust Cyrus Mistry as chairman of the Tata Sons companies.
TCS says Cyrus Mistry's removal in best interest of co
Mon, Nov 21, 2016
It further said, "Mistry’s conduct has caused enormous harm to the Tata group, TCS and its stakeholders, including employees and shareholders. Following it, TCS are in agreement with removal of Mistry as Director of the company as the same would be in the best interests of TCS."
Tata Consultancy Services calls Dec. 13 shareholder meeting for Mistry vote
Fri, Nov 18, 2016
In a boardroom coup last month Mistry was removed as chairman of Tata Sons and patriach Ratan Tata is back at the helm temporarily. Days later he was sacked as chairman of TCS in which Tata Sons holds more than 73 percent stake.
Tata-Mistry spat unlikely to hit TCS operations: Analysts
Sun, Nov 13, 2016
"TCS is under the Tata umbrella but has always been operationally independent...The financials of TCS speak for themselves. The company is sitting on a cash pile and has clear business visibility. Chandra enjoys all the executionary powers and we have not seen decisions of TCS being influenced by the Board," Arup Roy, research director, Gartner said.