Articles about Pallonji Mistry

Business tycoon Pallonji Mistry, Chairman of Shapoorji Pallonji Group, passed away at his Mumbai residence on Monday night. He was 93.

Forbes India has released its list of richest Indians and for the twelfth year in a row Reliance Industries' Chairman Mukesh Ambani remains India's wealthiest.

The richest 500 people in the world lost $117 billion (Rs. 8,28,418 crore) in a single day market crash on Monday.

Mukesh Ambani, the Chairman of Reliance Industries, has once again emerged as the richest Indian - for the 11th consecutive year - with a net worth of $47.3 billion, according to Forbes magazine.

The first two months of 2018 have been rather expensive for the 500 wealthiest people on planet Earth.

According to the Hurun Global Rich List India, India's club of the richest has shrunk by 11 people since the demonetization was unleashed in November.

Cyrus Mistry lambasted Tata Sons for questioning the loyalty of the independent directors of Indian Hotels Limited and Tata Chemicals; Mistry contended that six out of the nine directors were appointed under Ratan Tata's leadership and two were trustees of the Ratan Tata Trust.

Two unions of Tata Motors, representing over 16,000 workers, came out in support of Ratan Tata ahead of a board meeting of the company.

At the Tata Steel board meeting, independent directors remained split on the question of supporting Chairman Cyrus Mistry.

After removing Cyrus Mistry from the board of Tata Consultancy Services, the Tata Sons group is making attempts to remove Mistry from the boards of all group companies.

Tata Sons has directed their group company Tata Consultancy Services to appoint Ishaat Hussain as their new interim chairman in place of Cyrus Mistry.

Finance Minister Arun Jaitley has summoned the independent directors of Tata Group Companies to take stock of the fall-out of the Tata-Mistry split.

6 independent directors of Indian Hotels Company (IHCL) publicly showed faith in Cyrus Mistry's management ahead of the scheduled board meeting.

Sources stated that the Mistry family does not wish to sell the 18.5% stake it has in Tata Sons.

The Tata empire seemed to be in jeopardy as Cyrus Mistry remained the chairman of 2 group units; Tata Sons doesn't hold a majority in Tata Power and Tata Motors.

Reports indicate that Cyrus Mistry may be covered by a Director's insurance policy purchased by Tata sons, to protect top level management from legal action initiated by shareholders, employees or authorities.

Tata Public Affairs Head Madhu Kannan and Group Strategy Executive Nirmalya Kumar resigned in solidarity with Cyrus Mistry.

Amid the ongoing controversy surrounding Cyrus Mistry's hurried exit from Tata, the company lost over Rs.44,000 crore worth of market capitalization in just 3 days.

Following his dismissal, Tata Sons Ex-Chairman Cyrus Mistry has leveled several allegations against Ratan Tata and Tata Sons.

N Chandrashekaran of TCS and Ralf Speth of Jaguar Land Rover have been elevated to board positions in Tata's holding company, signalling possible considerations for one of them replacing Cyrus Mistry.

In a surprising move, Tata Sons Chairman Cyrus Pallonji Mistry has been replaced by Ratan Tata as Interim Chairman.