tweaker Posted October 24, 2016 Posted October 24, 2016 Ratan Tata has been appointed interim Chairman of Tata Group for a period of 4 months ,replacing Cyrus Mistry velu 1
jusarrived Posted October 24, 2016 Posted October 24, 2016 Sr Mistry apparently is going to challenge the decision . tweaker 1
diga Posted October 24, 2016 Posted October 24, 2016 Quote Is it Tata , bye bye or Tata - buy,buy tomorrow? LOL
tweaker Posted October 24, 2016 Author Posted October 24, 2016 Indra Nooyi of Pepsi is also in the contention.
diga Posted October 24, 2016 Posted October 24, 2016 ^ arent the mistry's largest shareholders of Tata sons?
tweaker Posted October 24, 2016 Author Posted October 24, 2016 Indra Nooyi of Pepsi, Arun Sarin, former Vodafone CEO, Noel Tata of Tata International, N Chandrasekaran, TCS CEO, Ishaat Hussain and B. Muthuraman both from Tata Group could be the contenders to replace Cyrus Mistry as the group’s new chairman.
Malcolm Merlyn Posted October 24, 2016 Posted October 24, 2016 ^ arent the mistry's largest shareholders of Tata sons? Individual yes.18.4%. But Tata controls 3 trusts that control 66% of the holding.
tweaker Posted October 24, 2016 Author Posted October 24, 2016 1 hour ago, diga said: ^ arent the mistry's largest shareholders of Tata sons? Yes The Shapoorji Pallonji group is the majority shareholder in Tata group
velu Posted October 25, 2016 Posted October 25, 2016 Not much effect on the prices.. Stocks are flat after the initial dip tweaker 1
jusarrived Posted October 25, 2016 Posted October 25, 2016 21 hours ago, Malcolm Merlyn said: Mistry was never the right guy. His ideas where not bad tbh . He wanted to concentrate on core areas and exit some no profitable business .
Malcolm Merlyn Posted October 25, 2016 Posted October 25, 2016 His ideas where not bad tbh . He wanted to concentrate on core areas and exit some no profitable business . Its not a prudent long term view.Rather than increasing revenue he was focussing on cutting assets.
jusarrived Posted October 25, 2016 Posted October 25, 2016 Just now, Malcolm Merlyn said: Its not a prudent long term view.Rather than increasing revenue he was focussing on cutting assets. Well his focus was increasing profits & concentrating on reducing debt. He just wasnt an expansionist . In a long run this may have worked better for Tata's imo , 4 years is too short a time show changes in a company like Tata .
Malcolm Merlyn Posted October 25, 2016 Posted October 25, 2016 Well his focus was increasing profits & concentrating on reducing debt. He just wasnt an expansionist . In a long run this may have worked better for Tata's imo , 4 years is too short a time show changes in a company like Tata . He wasnot increasing profits.The revenue growth was poor.His philosophy didnt match that of the Tata Group.
diga Posted October 25, 2016 Posted October 25, 2016 Wow...Sreenivasan Jain abruptly ended the discussion on Mistry affair after one of the panellists Dushyant Dave brought up Ratan Tata's questionable association with Nira Radia
Malcolm Merlyn Posted October 25, 2016 Posted October 25, 2016 Wow...Sreenivasan Jain abruptly ended the discussion on Mistry affair after one of the panellists Dushyant Dave brought up Ratan Tata's questionable association with Nira Radia Undie Randi Tv
velu Posted October 26, 2016 Posted October 26, 2016 tata stocks got screwed badly today .. fight is getting messy
CG Posted October 26, 2016 Posted October 26, 2016 He wasnot increasing profits.The revenue growth was poor.His philosophy didnt match that of the Tata Group. Revenue growth with out profits cannot be sustained.He helped get rid of business which were going downhill.Tcs and tm contribute 90 percent of profit while rest group companies are laggards.Mistry was good for shareholders. G_B_ and tweaker 2
jusarrived Posted October 26, 2016 Posted October 26, 2016 On 25/10/2016 at 9:57 PM, Malcolm Merlyn said: He wasnot increasing profits.The revenue growth was poor.His philosophy didnt match that of the Tata Group. A lot of problems with Tata companies is what Mistry inherited . I started my career with Tata's , fortunately or unfortunately was part of Vsnl when it was taken over by Tata and have first hand experience of how things changed for worse for Indias no1 ISP , worked for TCS , the customers I worked for where Tata Capital , Tata securities , Tata sky and Voltas lol . I can write 10 pages on it . Trust me as a Group its a mess . They where extremely lucky they where a huge company by the time market opened up and two of their acquisitions in JLR and Tetley worked well for them . My bet is this has little to do with mistry's performance , there are few Tata companies he was thinking of spinning off , apparently even voltas and this would have hurt a lot of old time big wigs .
G_B_ Posted October 26, 2016 Posted October 26, 2016 Jlr and TCS are the two big acquisitions which are holding that group together. Steel I thought mistry did right thing selling British unit. The Indian n dutch unit was profitable. Were being dragged by British unit for no reason. Sent from my Wileyfox Swift using Tapatalk
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