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As Tata Digital moves into a smaller office space, it has given its Mumbai-based techies the option to relocate and move to the Bengaluru office, closer to CTO Vinay Vaidya, sources said.
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On N Chandrasekaran's 60th birthday, a UP man recalls his meeting with the Tata Sons chairman. 'He is very simple,' says Monish Rana, who cycled for 15 days to reach Mumbai and meet Chandrasekaran.
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Chandrasekaran served TCS for three decades as it rose to become the largest IT company in the country and also the crown jewel for Tata Sons -- the group holding company which is majority-owned by philanthropic trusts set up by the Tata family.
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On November 24, the salt-to-software conglomerate had asked the Wadia group chairman to withdraw his legal notice saying there was nothing vindictive in its resolution seeking his removal as independent director on board of key group firms.
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Mistry did not attend a board meeting of Tata Consultancy Services (TCS) in the morning and was also not present at Tata Sons' first board meeting since his removal on October 24.
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According to Finance Ministry officials, there is concern in North Block over the ongoing battle for control of Tata group companies between Ratan Tata and ousted Chairman of Tata Sons Cyrus Mistry, who otherwise happens to be chairman and director of several entities.
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As the board-room battle intensifies, ex-chairman of Tata Sons Cyrus Mistry is likely to up the offensive next week once the Tata group companies that he chairs come out of the mandatory silence period before their quarterly earnings.
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Protesting the alleged assault on
three photojournalists by security personnel of a private
agency, journalists today took out a march from the Mumbai
Press Club to Bombay House, the Tata Group's headquarters
here.
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As per a statement released post the meeting, the independent directors expressed full confidence in chairman Cyrus Mistry and praised his leadership skills. They also lauded the steps taken by Mistry in providing strategic direction to the company.
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A scuffle broke out between security
personnel at Bombay House and photographers trying to click
pictures of ousted Tata Sons Chairman Cyrus Mistry, injuring
one of them, ahead of the board meeting of Tata group firm
Indian Hotels Company Ltd here today.
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The board is also going to discuss the acquisitions that the management has made overseas after Mistry alleges in his scathing letter to the board that these acquisitions could face part write downs of upto USD 18 billion.
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Amidst rising worries about the plunging value of Tata Group companies after Cyrus Mistry was shown the door earlier in the week, interim chairman Ratan Tata today met V K Sharma, the acting chairman of LIC which is one of the major investors in Tata companies.
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Domestic mutual fund managers do not seem to be perturbed by the storm brewing at Bombay House. On Monday evening after market hours, in a shocking development, Tata Sons' chairman Cyrus Mistry was replaced by his predecessor Ratan Tata.
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A few hours after Tata Group company CEOs met at the head office of the group on Tuesday, ousted Tata Sons Chairman Cyrus Mistry confirmed that the Tatas have filed caveats against him.
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The Bombay House has been awarded under IGBC's green existing buildings gold (operations & maintenance) rating system, the over 140-year-old group said in a statement.
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Cyrus Mistry, the new chairman of the Tata Group, will formally take charge of his office on Monday, company sources said. Mistry, who was appointed chairman to succeed Ratan Tata, is the sixth chairman of the Tata empire.
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As Ratan Tata steps down and Cyrus Mistry steps in at Bombay House Friday, top CEOs of the world have said the USD 100-billion Tata Group isIndia‘s best-known global brand within and outside the country.
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A major fire broke out today in the 'Bombay House' building in South Mumbai, where offices of the Tata Group are located.
