Cyrus' father Pallonji Mistry, who died on June 28, 2022, at the age of 93, is dubbed as 'the Phantom of Bombay House'. According to the Bloomberg billionaires index, the SP Group has a networth of about USD 30 billion in 2022.
Cyrus' father Pallonji Mistry, who died on June 28, 2022, at the age of 93, is dubbed as 'the Phantom of Bombay House'. According to the Bloomberg billionaires index, the SP Group has a networth of about USD 30 billion in 2022.
The Shapoorji group of companies had been tackling a stretched balance sheet in 2020 after the outbreak of Covid-19, but recent asset monetisation efforts and overall economic recovery have helped them get back on track by significantly reducing the debt burden.
In December 2016, Mistry and two of his family-run firms, namely Cyrus Investment Pvt Ltd and Sterling Investment Corporation Pvt Ltd moved the National Company Law Tribunal (NCLT) in Mumbai challenging his removal.
Mistry took over as Chairman of Tata Sons in December 2012 after Ratan Tata retired. However, in October 2016 he was ousted from the position followed by boardroom battles and a long-drawn legal battle. Chandrasekaran was designated as Chairman of Tata Sons in January 2017 and took official charge in February 2017.
Former Tata Sons chairman Cyrus Mistry was killed in a road accident today after his Mercedes car hit a divider in Maharashtra's Palghar district neighbouring Mumbai. Here are few facts about the 54-year-old Mistry:
On August 5, the government introduced the Competition (Amendment) Bill, 2022 in the Lok Sabha to amend various provisions of the competition law and the bill has been referred to the Parliamentary Standing Committee on Finance.
Godrej, the chairman and managing director of the diversified Godrej Industries, said we are doing very well on the economic front and also undertaking welfare measures like financial inclusion and education, but efforts ought to be made to "unify the country".
A rundown of the five most important, popular and interesting stories on ET Prime this week.
According to a LinkedIn survey of around 23,000 workers, employees are increasingly seeking out bosses who show empathy and compassion in the workplace. Additionally, 61 per cent say soft skills in the workplace are just as important as hard skills.