'To manage the increased size and scope of business today, you require highly efficient and nimble managers, and I think we have plenty of them in the ecosystem in India.'
"Voltas Limited, a Tata Enterprise; and Ardutch BV, a subsidiary of Arcelik AS - part of the Koc Group, have agreed to establish a joint venture company (JVC) in India, to enter the consumer durables market in the country.
Even as Tata Sons is gearing up for an EGM battle, it has reached out to institutional investors to allay fears, sources tell CNBC-TV18. The holding company of Tata group companies has been in touch with foreign and domestic investors, the above sources add.
The board of Tata Consultancy Services (TCS) had an unscheduled meeting early today to discuss the plan for an extraordinary general meeting to seek removal of Cyrus Mistry, reports CNBC-TV18. Mistry is believed to have stayed absent.
Under Chandrasekaran's leadership, Tata Consultancy Services has stood its ground amidst formidable competition from the likes of Infosys, Tech Mahindra, IBM, Accenture, Wipro, HCL among others, he added.
Sources tell CNBC-TV18 that the National Stock Exchange has sent an enquiry to TCS as to why a board meet was not called before changing the chairman.
Earlier in the day, Tata Sons appointed Ishaat Hussain as the Chairman of the group's hugely successful IT firm TCS in place of Cyrus Mistry.
Tata Sons on Thursday appointed Ishaat Hussain as Chairman of Board Of Directors after Cyrus Mistry was ousted as the holding company's Chairman.
Tata Sons has appointed Ishaat Hussain as Chairman of Board Of Directors. Cyrus Mistry who was ousted as the holding company's Chairman has ceased to hold that host on the board.
Sebi has re-constituted its committee which advises the regulator on issues related to disclosure requirements and accounting practices for various entities in the securities market.
The Corporate Finance Division of Tata Capital Financial Services Ltd; recently hosted its Annual Customer Meet under the banner ‘Partnering in ...
Other members on the panel include Wipro CFO and Executive Director Suresh Senapaty, NSE Managing Director and CEO Chitra Ramkrishna, Comptroller and Auditor General of India (CAG) Director General AB K P Sasidharan and ICAI's S Santhanakrishnan.