eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Taaza Khabar - Current news

Notices

Taaza Khabar - Current news Discuss the latest news making waves...

Reply
 
Thread Tools Display Modes
  #1  
Old October 25th, 2016, 03:04 PM
swami's Avatar
swami swami is offline
Super eCharchan
 
Join Date: Mar 2009
Posts: 12,846
swami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond repute
Cyrus Mistry exits, Ratan Tata takes over

Cyrus Mistry exits, Ratan Tata takes over

Tata group today filed caveats in Supreme Court, Bombay HC and National Company Law Tribunal to prevent ousted Tata Sons Chairman Cyrus Mistry from getting an ex-parte order against his sacking.

Almost four years after he took charge as the Chairman of Tata Sons, Cyrus Mistry was asked to step down from his post on Monday. Mistry, who was tasked to find a successor to Ratan Tata to head the over USD 100 billion Tata Group, had himself become a surprise selection saw his tenure cut short abruptly. 78-year-old Ratan Tata is now the interim chairman till a successor is selected in the next four months. The reasons for Mistry’s ouster by the Tata Sons board is not clear yet. However, according to sources, the decision was taken on the suggestion of Tata Trusts.

In a statement on Monday, Tata Sons said, “Tata Sons today announced its board has replaced Mr Cyrus P Mistry as Chairman of Tata Sons. The decision was taken at a board meeting held here today.” Mistry was only the second non-Tata to take charge of one of country’s oldest business empires after Nowroji Saklatvala in 1932.

Meanwhile, sources told the Indian Express that board-room and management issues could be among the reasons. Confirming to the Indian Express former Solicitor General Mohan Parasaran said that the group had sought legal opinion a month ago on “issues relating to management”. “He was replaced due to management issues,” Parasaran had said. After his removal as the chairman, many believed Mistry may challenge Tata Sons’ decision to replace him with Ratan Tata.

Ever since Mistry took over the reins of the salt-to-software conglomerate, he had to face numerous challenges in the global and domestic markets. His style of working was also in sharp contrast to his predecessor. He undertook a strategy of divesting assets. Notable among them is the group’s steel business, especially Tata Steel Europe. The company had also announced plans to sell its UK operations after years of losses, although the company is yet to finalise the sale. Besides, the Tata group is also entangled in a legal battle with Japan’s NTT Docomo over the split of their telecom joint venture Tata Docomo. Aside from this, Taj group of hotels has also been reporting lacklustre performance. More importantly, Tata Motors would have gone down had Jaguar Land Rover, which was acquired during Ratan Tata’s tenure, not bailed out the company.

Quite contrary to these developments, Ratan Tata led the group into some noteworthy acquisitions, starting from Tetley by Tata Tea for USD 450 million in 2000 to steelmaker Corus by Tata Steel in 2007 and the landmark Jaguar Land Rover deal in 2008 for USD 2.3 billion by Tata Motors.

The Tata family members still hold 66 per cent of equity capital in Tata Sons through philanthropic trusts. The largest among these trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. Headed by Cyrus’s father and construction baron Pallonji Mistry, the Mistry family holds about 18 per cent stake in Tata Sons. They are the largest individual shareholder — and non-Tata shareholder — in the Tata holding company.

Industry experts widely believe that Cyrus’s ouster would not come without consequences. However, Shapoorji Pallonji on Tuesday said it is studying the circumstances and hasn’t yet decided on taking legal action. Shapoorji said it will make a statement on the course of action when such a thing becomes necessary.

In an emailed statement, the construction group noted: “Neither the SP Group nor Mr Cyrus Mistry have made any statement yet. While the circumstances are being studied, there is no basis to media speculation about litigation at this stage. As and when a public statement becomes necessary, it would be made.”

In the meantime, Ratan Tata spoke to journalists on Tuesday in Mumbai where he clarified the reasons behind Cyrus’s sacking. “Assumed role of interim chairman for stability and continuity so that there is no vacuum. The company’s board and the principal shareholders in its collective wisdom took this decision, which they thought may be appropriate in the long term interest of Tata Sons and the Tata Group.”

As of Tuesday, Tata group filed caveats in Supreme Court, Bombay High Court and National Company Law Tribunal to prevent ousted Tata Sons Chairman Cyrus Mistry from getting an ex-parte order against his sacking. There was some confusion earlier over alleged reports that Mistry had in fact filed caveat, which was denied by his office eventually.

http://indianexpress.com/article/bus...-sons-3102292/
__________________
There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you.
Reply With Quote
  #2  
Old October 25th, 2016, 06:12 PM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Very bizzare and abrupt !! I read a few news articles about this. Apparently, Mistry was not following the values of Tata family and was selling off some crucial assets.

People are calling it Ratan Tata's control freak nature.. can't let go of the family jewels.
Reply With Quote
  #3  
Old October 25th, 2016, 09:30 PM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Field day for the press, how they love to watch people's fall.

Reply With Quote
  #4  
Old October 26th, 2016, 07:11 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,144
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

the puns making rounds are hillarious

we know what to call him now - Return Tata

Mistry finishes, mystery begins

etc etc
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #5  
Old October 26th, 2016, 10:47 AM
Charchila's Avatar
Charchila Charchila is offline
Temporarily Unbanned
 
Join Date: Sep 2001
Location: Ahmedabad, CA
Posts: 7,422
Charchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond reputeCharchila has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Another angle, shared and supported by Subramanian Swamy who refers to Ratan Tata as Rotten Tata. Apparently he doesn't like Tata much.

Quote:
Why Ratan Tata removed Cyrus Mistry
An alternate perspective on what could have led to the removal of Cyrus Mistry

While mainstream media is beating around the bush on the tussle between Ratan Tata and Cyrus Mistry, senior Tata executives started revealing the real reasons behind the unpleasant situation. According to the senior executives, Ratan Tata started annoying Cyrus Mistry for the past two years and the real reasons are Cyrus Mistry’s actions to undo the “bad decisions” taken by Ratan Tata in the acquisition of foreign companies, illegalities in floating and funding airline companies like Vistara and Air Asia and non-viable actions in Tata Steel and the failed Nano project.

The last provocation was Mistry’s decision to sell off Tata Steel’s acquisitions in Europe. According to Tata executives, Cyrus was airing his opinion on Ratan Tata’s “follies” in non-viable acquisitions across the globe. For the past two years, Ratan Tata and his trusted man R K Krishna Kumar were monitoring the moves Cyrus made with suspicion, and the senior executives vouch the displeasure was evident in several internal mails.

More at https://www.pgurus.com/ratan-tata-removed-cyrus-mistry/
__________________
.
March 16, 2012: Sachin Tendulkar scores his 100th century in Inter-fucking-national cricket

Sent from my iPhone.
Reply With Quote
  #6  
Old October 26th, 2016, 01:50 PM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by Charchila View Post
Another angle, shared and supported by Subramanian Swamy who refers to Ratan Tata as Rotten Tata. Apparently he doesn't like Tata much.
Cyrus Mistry's letter to Tata leadership paints grim picture


Cyrus Mistry, who headed the Tata Group till his take-down on Monday, has written to the leadership of the corporate giant, lining out his hurt at his removal as the chairman. In an email sent the next day, Mistry lines out the dire state of parts of the Tata empire when he inherited it from his predecessor Ratan Tata, and painted a grim picture for some of its businesses.Here are the 20 key points Mistry made in his email:
1
I was shocked beyond words at the happenings at the board meeting of October 24, 2016. Apart from the invalidity and illegality of the business that was conducted, I have to say the Board of Directors has not covered itself with glory. To "replace" your Chairman without so much of a word of explanation and without affording him an opportunity of defending himself in a summary manner must be unique in the annals of corporate history. The suddenness of the action, and the lack of explanation has led to all manner of speculation and has done my reputation and the reputation of the Tata Group immeasurable harm.
2
Prior to my appointment, I was assured that I would be given a free hand. The previous Chairman was to step back and be available for advice and guidance as and when needed. After my appointment, the Articles of Association were modified, changing the rules of engagement between the Trusts, Board of Tata Sons, the Chairman and the operating companies. Inappropriate interpretation indeed followed, and … it severely constrained the ability of the group to engineer the necessary turnaround.
3
I am not sure if the individual board members and the trustees truly appreciated the extent of the problems I had inherited. I cannot blame them, for I myself, as a non-executive director, did not have a clear grasp of the gravity of the issues involved.
4
As is public knowledge, the foreign acquisition strategy, with the exceptions of JLR and Tetly, had left a large debt overhang.
5
Tanking hospitality chains
Many foreign properties of IHCL and holdings in Orient Hotels have been sold at a loss… IHCL, beyond flawed international strategy, had acquired the Searock property at a highly inflated price and housed in an off balance sheet structure. In the process of unravelling this legacy, IHCL has had to write down nearly its entire networth over the past three years. This impairs its ability to pay dividends.
6
Of all the companies in the portfolio, the telecom business has been continuously haemorrhaging. If we were to exit this business vie fire sale or shut down, the cost would be USD 4-5 billion. This is in addition to any payout to DoCoMo of at least a billion plus dollars.
7
Tata Power aggressively bid for the Mundra project based on low-priced Indonesian coal. As regulations changed, the losses in 2013-14 alone amounted to Rs 1,500 crores. Given that Mundra constitutes Rs 18,000 crores of capital employed (40& of the overall company's capital employed), this substantially depresses the return on capital for Tata Power as well as carries the risk of considerable future impairment.
8
An even more challenging situation arose in Tata Motors, both on the commercial and passenger vehicles. Before 2013, in order to shore up sales and market share, Tata Motors Finance extended credit with lax risk assessment. As a result, the NPAs mounted to being in excess of Rs 4,000 crores.
9
Historically, the company had employed aggressive accounting to capitalize substantial proportion of the product development expenses, creating a future liability.
10
The Nano Burden
The Nano product development concept called for a car below Rs 1 lakh, but the costs were always above this. This product has consistently lost money, peaking at Rs 1,000 crores. As there is no line of sight to profitability for the Nano, any turnaround strategy for the company requires to shut it down. Emotional reasons alone have kept us away from this crucial decision.
11
On the performance of the portfolio… if we look at the aggregate data between 2011 and 2015 and limit the analysis to the legacy hotspots (IHCL, Tata Motors PV, Tata Steel Europe, Tata Power Mundra and Teleservices), it will show the capital employed in these companies has risen from Rs 132,000 crores to Rs 196,000 crores (due to operational losses, interest band capex). This is close to the networth of the group which is at Rs 174,000 crores. A realistic assessment of the fair value these businesses could potentially result in a write down over time of about Rs 118,000 crores.
12
Early in my tenure, our foray into the aviation sector began when Mr Tata ushered me into his office and handed me a report on Air Asia by Bain & Co. He had concluded negotiations to partner with Air Asia and wanted the proposal tabled at the forthcoming Tata Sons board meeting. My pushback was hard but futile.
13
A few months later, I was surprised to be confronted with a similar situation requiring me to execute a fait accompli JV with Singapore Airlines. Without the benefit of time and experience to fully evaluate the proposal, I had to accept that Tata Sons would take a 51% stake in a USD 100 million joint venture.
14
The passion for the airlines sector has led Mr Tata to continue his involvement with the strategy of the two airlines. It is on his advice that the Tata Sons board has increased the capital infusion in the sector at multiple levels of the initial commitment.
15
Boosted growth in operating cash flows
Despite all of the above, during my term, the operating cash flows of the group have grown at 31% compounded per annum. The Tata Group valuation from 2013 to 2016 increased by 14.9% per annum in rupee terms as against the BSE Sensex annual increase of 10.4% over the same period. The Tata Sons networth has increased from approximately Rs 26,000 crores to Rs 42,000 crores, after considering the impairments. This has significantly strengthened our balance sheet, enhancing our ability to absorb further shocks from restructuring in the companies.
16
… the amendments in the Articles of Association, as feared, the inappropriate implementation created a flux in the decision-making process. I have often presented to the trustees, before and after Tata Sons board meetings. This created alternative power centres without any accountability or formal responsibility, invalidating the very governance rule of nominated directors, who I would assume would use their own independent judgement and discharge their fiduciary duties, were reduced to mere postment.
17
Such a work pattern has also created the added risk of contravening insider trading regulations and exposed the Trust.
18
I cannot believe that I was removed on grounds of non-performance. As you are aware, the Nomination and Remuneration Committee comprising Vijay Singh, Farida Khambata and Ronnen Sen, independent directors (two of whom have voted for my removal now), had only recently lauded and commended my performance.
19
I hope you do realize the predicament that I found myself in. Being pushed into the position of a "lame duck" Chairman, my desire was to create an institutional framework for effective future governance of the group.
20
While I would be lying if I said I am not disappointed, I have a sense of pride and dignity intact in the efforts I have taken to professionalise and institutionalise, regardless of the outcome of effort, I now witness.
Reply With Quote
  #7  
Old October 26th, 2016, 02:27 PM
swami's Avatar
swami swami is offline
Super eCharchan
 
Join Date: Mar 2009
Posts: 12,846
swami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond reputeswami has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

What would be Cyrus Mistry's future in career and corporate world.
I dont think many would come forward to invest if he starts a new venture.
__________________
There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you.
Reply With Quote
  #8  
Old October 26th, 2016, 03:33 PM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by swami View Post
What would be Cyrus Mistry's future in career and corporate world.
I dont think many would come forward to invest if he starts a new venture.
He can split his group and start Mistry Sons .. his father and family own 16% of Tata.
Reply With Quote
  #9  
Old October 27th, 2016, 05:51 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,144
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by sarv_shaktimaan View Post
He can split his group and start Mistry Sons .. his father and family own 16% of Tata.
they already have shapoorji palloji group.

if Cyrus goes on to sue tatas for unfair dismissal, it could become messy. Dire days for Tata industries.
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #10  
Old October 27th, 2016, 06:50 AM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by kkkk View Post
they already have shapoorji palloji group.

if Cyrus goes on to sue tatas for unfair dismissal, it could become messy. Dire days for Tata industries.
Is this actually bad blood from the early 1900s? Some article said Mistry's grandpa bought stake from JMD Tata's daughters/sons much to his dislike as didn't want outsiders, but the 2 families lived without issues as Mistry's family was not after power.
Reply With Quote
  #11  
Old October 27th, 2016, 09:46 AM
sarv_shaktimaan's Avatar
sarv_shaktimaan sarv_shaktimaan is offline
Moderator
 
Join Date: Aug 2005
Location: satva aasmaan
Posts: 14,219
sarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond reputesarv_shaktimaan has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Cyrus Mistry ouster: Tata Group companies lose over Rs 26,000 crore in mcap in 3 days
Reply With Quote
  #12  
Old October 27th, 2016, 10:20 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,144
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by sarv_shaktimaan View Post
Cyrus Mistry ouster: Tata Group companies lose over Rs 26,000 crore in mcap in 3 days
Mistry's family also lost a lot....
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #13  
Old October 27th, 2016, 10:22 AM
kkkk kkkk is offline
Senior eCharchan
 
Join Date: Sep 2008
Posts: 5,144
kkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond reputekkkk has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Quote:
Originally Posted by sarv_shaktimaan View Post
Is this actually bad blood from the early 1900s? Some article said Mistry's grandpa bought stake from JMD Tata's daughters/sons much to his dislike as didn't want outsiders, but the 2 families lived without issues as Mistry's family was not after power.
it might be personal between the two actually rather than family issue. Mistry was planning to shutdown the nano car division and that has been Ratan's baby with ethics before profit principle.
__________________
Winner of the Signature Contest 2013!
Reply With Quote
  #14  
Old October 31st, 2016, 06:06 PM
echarcha's Avatar
echarcha echarcha is offline
Sutradhar {admin}
 
Join Date: Jul 2000
Location: CA, USA
Posts: 44,858
echarcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond reputeecharcha has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Here is a sample of WhatsApp jokes

Quote:
Galti Tata Ki Hai!! Jaha Engineer, MBA Ki Jaroorat Thee, Waha Pe Mistry Ko Kaam Pe Laga Diya
-- Rahul Gandhi
__________________
eCharcha.com
-Loud and Proud Desi Opinions
Reply With Quote
  #15  
Old November 2nd, 2016, 08:48 AM
razzrhino's Avatar
razzrhino razzrhino is offline
Senior eCharchan
 
Join Date: May 2006
Posts: 1,741
razzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond reputerazzrhino has a reputation beyond repute
Re: Cyrus Mistry exits, Ratan Tata takes over

Shortest Pink Slip in History

Dear Cyrus Mistry,

TATA
__________________
"Don't Vote—It Just Encourages the Bastards." - P.J. O'Rourke
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ratan Tata’s humane gestures (in the aftermath of 26/11) kalidas SoapBox 13 September 17th, 2016 08:51 AM
Ratan Tata nails NDA milanfanabhi Taaza Khabar - Current news 32 November 25th, 2011 08:54 AM
Successor To Ratan Tata swami Economy 8 November 24th, 2011 08:44 AM
Fiat, Tata to sell Nano in Latin America: Ratan Tata Napolean Taaza Khabar - Current news 8 July 26th, 2009 06:32 PM
It's stupid if you are not in Gujarat: Ratan Tata AmthaLal Economy 13 January 15th, 2007 04:57 AM


All times are GMT -7. The time now is 02:40 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.