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Tata sources: Clash of styles led to chairman's ouster

Cyrus Mistry's handling of the legal tangle with Docomo and other issues rankled the old guard, they say

Published Wed, Oct 26, 2016 · 09:50 PM

Mumbai

THE agenda for Monday's extraordinary board meeting at India's largest conglomerate contained little hint of what was to come.

Tata Sons Ltd directors were summoned to the group's fabled Bombay House headquarters to discuss the sale of assets, its moribund UK steel business and the group's legal wrangles with Japan's NTT Docomo Inc, according to a person with knowledge of the events.

But once the meeting started in the wo…

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Companies & Markets

Tata sources: Clash of styles led to chairman's ouster

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

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