In a point-by-point rebuttal of Cyrus Mistry 's charges, Tata Sons accused the ousted chairman of twisting facts and using devious means to take control of the group. Mistry does not really contribute materially to TCS’s management and TCShas needed no funds from Tata Sons for its growth. How many more years would we be told this same story?The three major problem companies are Tata Steel Europe, Tata Teleservices/Docomo and the Indian operations of Tata Motors. It is unfortunate that Tata Sons, acting in good faith, did not anticipate such devious moves by Mr. Mistry and thereby did not inform the other Directors of the operating companies about its dissatisfaction with Mr. Mistry at the level of Tata Sons. It presumably relates to possible future provisions to be made (with no firm basis) but only his own expectation, i.e.

Source: Economic Times November 10, 2016 07:28 UTC