Khambata has met Ratan Tata and Cyrus Mistry separately. He has a long association with both Ratan and Cyrus. Darius Khambata is the Former Advocate General of Maharashtra.
While the ouster of Cyrus Mistry raises serious questions on the Tata Group‘s adherence to corporate governance norms, it may not necessarily materially impact overall business, experts tell CNBC-TV18.
In a sudden move on Monday, Tata Sons announced its decision to replace Cyrus Mistry as Chairman of Tata Sons. The company said Ratan Tata will take charge as Interim Chairman for the next four months till the time a successor to is appointed. Several industry and market experts expect the decision to be a setback for the group's businesses.
While a large percentage of business leaders polled seemed to be happy with steps taken to improve business climate in the country, continuing tax uncertainties was identified as a pain point.
According to Grant Thornton, one of the reasons for the rise in optimism seems to be the appointment of Raghuram Rajan as RBI governor.
Ashish Chauhan, CEO and Managing Director, BSE said it is imperative for the SME segment to get the necessary policy push
Romesh Sobti, Managing Director and CEO, IndusInd Bank, talks about his agenda for the bank and how he plans to execute it
Bala Deshpande, Senior Managing Director of venture capital major New Enterprise Associates, talks about the entrepreneurial scenario in India, NEA's strategy and the challenges in the investments space