Skip to content
Search

Latest Stories

Tata moves top court over former chairman’s reappointment

INDIAN conglomerate Tata Sons has approached the country’s top court, Supreme Court on Thursday (2) questioning the restoration of Cyrus Mistry as the executive chairman of the group.

In a petition, Tata Sons sought a stay on the company law tribunal's order.


It also sought a stay ruling the selection and appointment of N Chandrashekaran as its chairperson as illegal.

Last month, an Indian appeals court the National Company Law Appellate Tribunal (NCLAT) had restored Mistry as the executive chairman of India’s oldest conglomerate.

Mistry was restored as the executive chairman of Tata Sons by the NCLAT.

He was sacked in a company’s board meeting in 2016 after which Tata Sons chairman emeritus Ratan Tata took over as the interim chairman.

The change in the top management came about four years after he had taken over from Tata.

In December 2016, Mistry resigned as director from all Tata Sons companies and moved the NCLAT alleging oppression of minority shareholders and mismanagement.

In 2017, Tata Sons named N Chandrashekaran as chairman after which Mistry was removed from the post of director on the Tata Sons board.

Chandrasekaran was the first non-Parsi to be appointed as chairman of Tata Sons.

Mistry started a legal battle against Tata Sons after his removal from the group.

A two-member judge panel of the NCLAT said on December (18) that Ratan Tata's actions against Mistry were oppressive.

The tribunal also said Tata Sons' move to turn private was unlawful and ordered a reversal.

Tata Sons' board had approved a plan to go private in 2017.

Last year, the NCLAT rejected Mistry's petition questioning his removal as chairman of Tata Sons.

The NCLAT ruled that the Tata Sons board was competent to remove him as executive chairman.

It further added that Mistry was ejected as the board members had lost confidence in him.

Mistry works as managing director at his family business Shapoorji Pallonji & Company.

Mistry joined the board of Tata Sons in 2006.

More For You

Asda tech overhaul

Asda sales fell 0.2 per cent in the three months to June 30, 2025 (AFP via Getty Images)

AFP via Getty Images

Asda boss hails tech overhaul as key to revival despite sales slump

THE chairman of Asda has admitted the supermarket chain still faces challenges after sales slipped again over the summer, but said the completion of a major IT overhaul was crucial for its recovery.

Allan Leighton told the Times that the long-delayed technology project, called Project Future, had finally been finished after years of setbacks and costs exceeding £1 billion. The work involved separating more than 2,500 systems inherited from former owner Walmart, following Asda’s 2021 takeover by TDR Capital.

Keep ReadingShow less
JLR-Getty

A logo is pictured outside a Jaguar Land Rover new car show room in Tonbridge, south east England. (Photo: Getty Images)

Getty Images

UK car exports to US rebound after trade deal

UK VEHICLE exports to the United States rose in July after a new trade deal between London and Washington reduced tariffs, industry data showed on Thursday.

According to the Society of Motor Manufacturers and Traders (SMMT), exports increased 6.8 per cent in July to nearly 10,000 units, following three consecutive months of decline.

Keep ReadingShow less
Relatives of jailed Briton appeal to UK minister in AgustaWestland row

Christian Michel

Relatives of jailed Briton appeal to UK minister in AgustaWestland row

THE family of Christian Michel, the British businessman accused of acting as a middleman in the AgustaWestland VVIP helicopter deal, has appealed to the UK government to push for his release from Delhi’s Tihar Jail.

Michel’s relatives met Foreign Office minister Catherine West in London on Tuesday (26). The Foreign, Commonwealth and Development Office (FCDO) said the minister listened to their concerns and updated them on ongoing steps being taken.

Keep ReadingShow less
Blackburn loses Issa empire as brothers move EG Group to US

Zuber and Mohsin Issa (Photo: LDRS)

Blackburn loses Issa empire as brothers move EG Group to US

ASIAN entrepreneurs Mohsin and Zuber Issa are moving the headquarters of their global forecourt company, EG Group, from Blackburn to the US in preparation for a major stock market listing in New York.

The firm confirmed that its main office will relocate to Charlotte, North Carolina, while a new base in Bolton, Greater Manchester, will handle its remaining UK operations, the Telegraph reported. The change brings an end to almost 25 years of the company being run from Blackburn.

Keep ReadingShow less
Migrant hotel workers call off strike after reaching agreement

Workers at Radisson Blu hotel in Canary Wharf

Migrant hotel workers call off strike after reaching agreement

WORKERS at the Radisson Blu hotel in Canary Wharf have cancelled a planned six-week strike after reaching an agreement that met all their demands.

The group of housekeepers, most of whom are migrant women from Nepal and members of the United Voices of the World (UVW) union, were due to begin industrial action on Sunday (31). It would have been the longest hotel strike in the UK since 1979, a statement said.

Keep ReadingShow less