On November 10, Wadia, along with other independent directors of Tata Chemicals, had issued a statement ex pressing confidence in Mistry’s chairmanship after a board meeting. Less than 24 hours later, Tata Sons moved a resolution to remove Wadia from boards of Tata Chemicals, Tata Steel and Tata Motors. Wadia believes Tata Sons’ action was hasty and vindictive. He said he was singled out despite the fact that other independent directors too had supported Mistry.Wadia, in his defamation petition, said he had been associated with the three Tata companies since Ratan Tata’s predecessor JRD Tata’s tenure. He said he was invited to join the boards of Tata Chemicals, Tata Motors and Tata Steel by JRD Tata, who was his godfather and mentor. He also added that he is the longest serving director in these companies, independent or otherwise.
Recent Updates
Cobrapost Expose: Operation White Coat
Cobrapost unearths a thriving racket in which all major private hospitals hand out handsome commission to doctors and smaller hospitals for referrals, at the...
Operation White Coat: Press Release
Cobrapost unearths a thriving racket in which all major private hospitals hand out handsome commission to doctors and smaller hospitals for referrals, at the...
Exclusive: Cobrapost and Times Now exposes widespread discrepancies in affidavits filed with ECI by...
Cobrapost and Time now investigation shows that The data available on ECI website makes it clear that BJD has not furnished any annual report...
Goa Becomes Nightmare for Russian Tourists
Cobrapost unravels how a realtor dupes scores of foreigners of crores of rupees promising them a second dream home in Goa
New Delhi: A...
Exclusive: Jatin R Mehta, the new Vijay Mallya?
Even as a team of the CBI is in London to ensure wilful defaulter Vijay Mallya’s return, Cobra Post and Times Now has learnt...
Whats going on
Sand mining, a global crisis affecting the environment on a serious level, you have...
The global urbanisation boom is devouring colossal amounts of sand – the key ingredient of concrete and asphalt, reports The Gurdian. Shanghai, China’s financial centre, has...
Trump pledges $1 trillion to rebuild infrastructure
US President Donald Trump pledged to bring one trillion dollars in public and private investment to rebuild what he called America's crumbling infrastructure.
Trump made...
War crimes committed by all parties in battle for Aleppo:UN
Syrian civilians fell victim to war crimes committed by all parties during the battle for Aleppo last year, a report issued by a UN-mandated...
Barack, Michelle Obama sign bumper book deal
Barack and Michelle Obama have signed a deal to publish their memoirs with New York-based Penguin Random House, in a coveted contract reportedly worth...
New Trump order drops Iraq from travel ban list
US officials said President Donald Trump's new immigration order will remove Iraq from the list of countries whose citizens face a temporary US travel...