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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
C Electric, Crink, Oppam Raise Funding for Product Development
Kerala Making Rapid Strides in Tech-Driven Development: CM Pinarayi Vijayan
Indian Startups Should Look for Multilateral Efforts
UAE-based HNIs to Fund Rs 1000 cr in State’s Startups
Island Warehouse Pavilion Opens for Public, Completing Major Venue Launch for Kochi-Muziris Biennale
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  • Removal Unprecedented, Cyrus Mistry Email

    By NE Reporter on October 26, 2016

    MUMBAI:
    Cyrus Mistry, who was abruptly removed as Chairman of the Tata Group on Monday, has emailed board members to say he is “shocked” by how he was ousted and that the “board has not covered itself with glory” and he was not given “a chance to defend myself.”mistry
    Mistry, 48, has been replaced by his predecessor, Ratan Tata, who is back as top boss of India’s largest conglomerate for four months. As a pre-emptive move against a legal challenge from  Mistry, the Tatas have filed caveats or taken action in a series of courts.
    Mistry has described his removal as “unprecedented” in India. His office has said that he is not considering a legal move “at this stage”. The board of the $100 billion group has nine members. Six voted to remove Mistry; two abstained; Mistry, per rules, did not get a vote.

    NE Reporter

    chairman of Tata GroupCyrus MistryRatan Tata

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    • C Electric, Crink, Oppam Raise Funding for Product Development
    • Kerala Making Rapid Strides in Tech-Driven Development: CM Pinarayi Vijayan
    • Indian Startups Should Look for Multilateral Efforts
    • UAE-based HNIs to Fund Rs 1000 cr in State’s Startups
    • Island Warehouse Pavilion Opens for Public, Completing Major Venue Launch for Kochi-Muziris Biennale

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    • C Electric, Crink, Oppam Raise Funding for Product Development
    • Kerala Making Rapid Strides in Tech-Driven Development: CM Pinarayi Vijayan
    • Indian Startups Should Look for Multilateral Efforts
    • UAE-based HNIs to Fund Rs 1000 cr in State’s Startups
    • Island Warehouse Pavilion Opens for Public, Completing Major Venue Launch for Kochi-Muziris Biennale

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