DOCSLIB.ORG

Annual Report 2015-16

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2015-16 ANNUAL REPORT 2015-16 The standing of our brand is a reflection of the way in which, led by Tata Business Excellence Group, we continue to leverage the Tata Business Excellence Model, a methodology that has made it possible for Tata companies to achieve and sustain global benchmark levels in business performance. The model continues to throw up unique insights for our businesses, including the need to raise the bar on safety performance, and to focus on the quality of strategy through better understanding of corporate foresight, risk management and competitive intelligence.” — Cyrus Mistry, Chairman, Tata Sons CONTENTS OUR VISION, OUR MISSION 06 CHAIRMAN’S MESSAGE 07 EXECUTIVE COMMITTEE 08 LEADERSHIP TEAM 09 ASSESSMENTS 10 TBEM Assessments 11 TAAP 14 TEEP 18 CAPABILITY BUILDING 21 BEST PRACTICES 25 GROUP FOCUS AREAS & DEEP DIVES 29 Deep Dives 30 Customer Centricity 31 Safety 34 Operations Excellence 37 Strategy Deployment 39 Human Resources 41 TATA NETWORK FORUMS 43 EVENTS 49 VISION To enable at least 25 Tata companies to achieve Industry Leadership by 2025 MISSION To enable Tata companies to enhance performance and create long-term stakeholder value A YEAR OF GROWTH capabilities in group focus areas like customer centricity, operations excellence, strategy deployment, safety and HR. The past year also witnessed an increased focus on Deep Dive Diagnostics across the value chain in these areas, which are critical for the Tata group. In the past year, Tata companies wholeheartedly embraced the Best Practices initiative. While EDGE webinars achieved a major milestone of 50 weekly webinars, mediums like Learning Missions, EDGE portal and company-specific workshops helped companies share and adopt good practices from within and outside the Tata group. TBExG also supported the Tata Affirmative Action S Padmanabhan Programme (TAAP) and Tata Education Excellence Executive Chairman, Tata Business Excellence Group Programme (TEEP), which are critical to the Tata group’s connect with the communities it operates he year 2015-16 was a very interesting one for Tata in. Networking mediums like Tata Network Forums Business Excellence Group (TBExG): We established (TNFs) and the BE Heads Forum continue to facilitate Ta new corporate identity, and Vision and Mission communication and best practice sharing among Tata for the organisation. We also made plans to move companies in various regions across the globe. towards our new Vision, which is: “To enable at least 25 Tata companies to achieve Industry Leadership by 2025.” The way forward… All the activities in the past year have been geared TBExG will continue to make improvements to towards this Vision of TBExG. processes so that the TBEM assessments are more results driven. We are on the cusp of the next phase of The journey so far… the Best Practices initiative – adaptation of practices In keeping with the purpose of TBExG, we partnered with – hence, that will be a key focus area for TBExG. A key many Tata companies to help them further their business aspect of our offerings will also involve benchmarking excellence journey. The organisation undertook TBEM activities within and outside the Tata group. Strategy assessments for 25 Tata companies in the past year. To Deployment – including Risk Management and ensure that the process is robust and constantly evolving, Competitive Intelligence – has been identified as many process changes were undertaken, key among a key area for Tata companies, in which we will be which was the structured board engagements, which conducting deep dives, capability building programmes enhances the strategic significance of the insights at the and workshops. In addition, building external relations end of the TBEM assessment process. with international organisations like American Society for Quality (ASQ) and American Productivity & Quality The business excellence journey would not be possible Center (APQC) through partnerships and collaborations without building capabilities of the assessors who are will also be on top of our agenda. involved in the process. TBExG conducted more than 60 business excellence capability building programmes This is a great time to be part of the business during FY 2015-16. In addition, through specialised excellence journey and I look forward in anticipation programmes, the organisation also helped develop to the coming year. 7 Annual Report 2015-16 EXECUTIVE COMMITTEE S Padmanabhan Executive Chairman, Tata Business Excellence Group Praveen Kadle Managing Director, Dr NS Rajan Tata Capital Member - GEC & Group Chief Human Resources Officer, Tata Sons Bhaskar Bhat CEO & MD, Titan Industries Grant McPherson Director - Quality and Automotive Safety, JLR Aarthi Subramanian Harish Bhat Executive Director, Member - GEC Tata Consultancy Services Anand Sen President - TQM & Steel Business, Tata Steel 8 LEADERSHIP TEAM Suresh Tanwar Chief - Group Safety & Health, Tata Business Excellence Group S Padmanabhan Executive Chairman, NK Sharan Tata Business Excellence Group Vice President, Tata Business Excellence Group MK Nagabhushan Assistant Vice President, Deepak Deshpande Tata Business Excellence Group Assistant Vice President, Tata Business Excellence Group Anil Menghrajani Assistant Vice President, Tata Business Excellence Group Sanjeev Singh Assistant Vice President, Tata Business Excellence Group 9 Annual Report 2015-16 ASSESSMENTS 10 TBEM ASSESSMENTS The assessment process is a key component of the Tata Business Excellence Model, with the feedback serving as an important input for companies to gauge their strengths and areas of improvement OVERVIEW ata Business Excellence company’s business and assessing convergence of their views, Group (TBExG) facilitates the extent to which the principles and agree to treat them as Tannual assessments of group of excellence are being practiced hypotheses that are ready for companies, using the Tata Business within the company. An experienced verification and validation. They Excellence Model (TBEM) criteria team leader heads the assessment decide the roles for each one and the principles of excellence team, and each team is mentored by in the process, and the nature embedded in it. senior leaders from Tata companies. of conversations they intend to have in the next stage of site The assessment process uses The assessment process comprises visits. expertise of executives from within three broad stages: the group, who are specifically l Site visit: This is the final stage trained by TBExG for carrying out l Understanding the business of the process and involves business-centric diagnostics of context: Assessors study the interactions with all sections organisations. A group company industry in which the applicant of employees — leaders, key that seeks a TBEM assessment writes company operates and then executives, process managers, a 75-page application describing interact with it to derive the shop floor operators and the company’s big goals, revenue key business factors (KBFs) trainees. Each employee models, growth engines, profitability impacting their business. They segment is touched upon on drivers, customer and market reach a common understanding a sample basis to understand segments, strategic challenges of the most critical and and appreciate the extent of and objectives, and key business contextual issues that have to excellence in their practices processes, besides reporting be kept in mind while doing and results. Based on the site operational and strategic results the assessment. visit experiences, the team serving its multiple stakeholders. firms up opinions on the state l Individual assessment and of excellence in the company. TBExG forms assessment teams pre-consensus: Each member Subsequently, it makes a to bring in diversity and business studies the industry forces, presentation to the company experience, and customises them company processes and the leadership followed by one to suit each company’s business results stemming from them, to the governance board, environment. The team, comprising and takes an initial stance on and communicates the key 7 to 10 assessors, methodically the state of excellence of the strengths that the company goes about understanding the company. They then seek a can leverage, as well as 11 Annual Report 2015-16 assessment process. Tata Steel, the for process improvements. More first winner of the JRD QV Award, than 80 percent of these changes returned to the process after a gap were implemented. The changes of more than a decade. were broadly executed under three buckets: Process redesign, Tata Chemicals, Tata Motors, Tata measurement and technology Steel Europe and Titan Company adoption in the assessment process. were some of the bigger companies that participated in the process Ten themes were identified during the year; joint ventures for carrying out changes in the including Tata AIA Life Insurance assessment process, out of which Company and TM International five were accomplished in 2015- Logistics also participated. 16. Efforts are on to implement I first felt the power of the remaining, which are slated for the TBEM framework years TBEM process improvements completion in 2016-17. The five The TBEM process has evolved with change themes that are already ago, when I was part of a time and is becoming increasingly effective in the assessment Tata company that started strategic in its orientation. The process are: its TBEM journey and I was changes are guided by the key outcomes, and experiences of l Structured board part of the application
Load more

Recommended publications
  • Tata Group Names a Young Successor: Talent Trumps Family Relations
    :: Issue analyses Tata Group names a young successor: talent trumps family relations Lee Dae-woo Business Analyst of POSCO Research Institute n November 23, 2011, the board of directors of Tata Sons, the holding company for Tata Group, announced its appointment of Cyrus Pallonji Mistry as deputy-chairman O and chairman-designate of the company. In the history of the chairmanship succession of Tata Sons, Mistry, 43, is the second not named Tata to take charge of the Group, after Nowroji Saklatvala in 1932. Tata Group reportedly conducted 14 rounds of interviews with candidates from within and outside of the Group. ○● Cyrus Mistry, young brother-in-law of Ratan Tata Cyrus Pallonji Mistry, born in 1968, is the youngest son of Pallonji Mistry, the chairman of the infrastructure construction giant, Shapoorji Pallonji Group. He is an Irish Parsi, descendants of Zoroastrian refugees from Persia who sought asylum in India centuries ago. Pallonji Mistry is the single largest individual shareholder (18.4%) of Tata Sons, the only larger 103 Spring 2012�POSRI Chindia Quarterly shareholders being Tata Trust and other affiliates of Tata Group. Because India does not allow dual citizenship, Cyrus Mistry has held only Irish citizenship, by virtue of being born to an Irish mother. Cyrus Mistry will become the first foreign-national chairman of Tata Group. Before being appointed the next chairman of Tata Group, Cyrus Mistry was the president of Shapoorji Pallonji Group, and had been a If the global economy shows director of Tata Sons since 2006. His slowing momentum at the end elder sister, Aloo, is married to Noel of this year, Cyrus Mistry’s Tata, the 55-year old half-brother of management ability will be put Ratan Tata.
    [Show full text]
  • India Report Lalcap
    INDIA REPORT LALCAP Deepak N. Lalwani OBE, FCSI, FCCA: Director- India E: [email protected] 23 November 2011 22000 ALL TIME HI : 21,005 (5/11/2010) BOMBAY INR /US$ Rs 52.23 2011 Hi: 20,561 (3/1) 18000 INR /GB£ Rs81.09 2011 Lo: 15,700 (23/11) INR /EUR Rs70.12 14000 The SENSEX closed 2.2% down, to a new low of the year. The 14.3% YTD 10000 depreciation in the Rupee vs US$ and its fall yesterday to an all-time low of rs 6000 OMBAY SENSEX 30 - 5 YEAR CHART 52.73 has rattled investors. FIIs have invested a mere $250 m YTD vs $ 28.7 06 07 08 09 10 11 Nov Nov Nov Nov Nov Nov bn this time last year. Source: chart & following table: Bloomberg Pts Chg % Chg 2011/12 5 Yr 5 Yr 5 Yr LONDON / NEW YORK All GDRs/ADRs in our table show CLOSE: 23 Nov 2011 Index Day YTD PER PER Hi PER Lo Avg losses, with many down 30-40%. A chg PER SENSEX 30 15,700 -365 - 21.7% 13.7x 25.0x 8.1x 18.4x new table has been added showing NIFTY 50 4,706 - 105 - 21.6% 13.3x (1/08) N/A (11/08) N/A 17.0x other Indian stocks followed. ECONOMIC NEWS .8% The Tata Group announced a successor to current 9.6% Chairman, Mr Ratan Tata, 73, ending a 15-month search. Mr Ratan Tata is to retire in December 2012. The new Chairman, Against a background of a slowing economy and who was unanimously backed by the selection committee, is Mr d policy paralysis the short session (a month) of Cyrus Mistry, 43.
    [Show full text]
  • June 02, 2021 Market Updates Economic News Global News
    June 02, 2021 Market Updates Stocks in News Per. Asian Markets Close Abs. Change Change Ashok Leyland expects plants to be operational for only 10 days in June. HANG-SENG 29368.69 (99.31) (0.34%) The commercial vehicles major said its manufacturing plants would be opera- tional only for up to 10 days in the month of June due to lower demand and NIKKEI 225 28879.36 65.02 0.23% lockdown in states where its plants were located. STRAIT TIMES 3172.51 (14.72) (0.46%) Infosys to initiate internal investigation into insider trading case. Infosys on Tuesday said it will initiate an internal investigation into an insider trading mat- Per. ter after markets regulator Sebi barred two of its employees from the securities Global Bellwethers Close Abs. Change Change market in the case. DOW JONES 30 34575.31 45.86 0.13% Noel Tata, Pramit Jhaveri front runners to join Tata Sons board. Noel, half NASDAQ 13736.48 (12.26) (0.09%) brother of Tata group patriarch Ratan Tata, was inducted on the board of Tata Trusts in 2019 for three years. FTSE UK 7080.46 57.85 0.82% ITC adjusted PAT rises 6.5% in Q4, declares final dividend of Rs 5.75. The board has recommended a final dividend of Rs 5.75 per share; cigarette reve- Indian Benchmarks Per. nues rose 13.1% at Rs 6,508.43 crore. Close Abs. Change (01Jun2021) Change Lockdowns put auto sales in slow lane in May, Maruti takes 71% hit. With NIFTY 50 15574.85 (7.95) (0.05%) number of cases declining, industry expects recovery in second quarter.
    [Show full text]
  • Trying to Start Intl Flights in June
    Follow us on: @TheDailyPioneer facebook.com/dailypioneer Established 1864 RNI No. TELENG/2018/76469 Published From *Late City Vol. 2 Issue 223 *Air Surcharge Extra if NATION 5 MONEY 6 SPEICAL 7 HYDERABAD DELHI LUCKNOW Applicable PROTESTS ACROSS KOLKATA TELL GOVT TO TAKE FISCAL MEASURES: MAJOR ISSUE BHOPAL RAIPUR CHANDIGARH BHUBANESWAR AS POWER, WATER CRISIS CHIDAMBARAM TO RBI GOVERNOR OF MINORS RANCHI DEHRADUN VIJAYAWADA A CHAMPION ON HYDERABAD, SUNDAY MAY 24, 2020; PAGES 12 `3 COURT, AN OFF IT TOO 12 www.dailypioneer.comwww.dailypioneer.com COVID-19 WOMAN GIVES BIRTH TO CHINA REPORTS ZERO CORONA ODISHA GOVERNMENT ALLOWS IVANKA PRAISES INDIAN GIRL WHO CYCLED TWIN BOYS IN INDORE HOSPITAL CASES ON SATURDAY HOME DELIVERY OF LIQUOR DOWN 1200KM CARRYING AILING FATHER 28-year-old COVID-19 patient on Saturday gave birth to twin boys in a hina on Saturday reported zero new coronavirus infections for the first time he Odisha government has allowed home delivery of liquor from Sunday. S President Donald Trump's daughter and senior White Ahospital in Madhya Pradesh's Indore, the district Csince it started reporting data in January, a day after Communist Party leaders However, it would cost a bit higher than the maximum retail price, as the UHouse adviser Ivanka Trump has praised 15-year- worst-hit by the outbreak in the central state. It was a celebrated "major achievements" in the virus fight.The virus first emerged in the Tstate government has introduced a ‘special Covid fee on sale of liquor. "The old Jyoti Kumari, who cycled down 1200km carrying normal delivery though it was a month ahead of full central Chinese city of Wuhan late last year, but cases have dwindled dramatically government has allowed home delivery of liquor by the existing On her ailing father during the nationwide lockdown in term, Maharaja Tukojirao Holkar (MTH) Hospital in from the peak in mid-February as the country appears to have brought the virus and Off shop licensees of IMFL and beer situated in areas other India, terming her act as a "beautiful feat of charge Dr Sumit Shukla told PTI.
    [Show full text]
  • Leading the Tata Group (A): the Ratan Tata Years
    IMB 597 LEADING THE TATA GROUP (A): THE RATAN TATA YEARS K S MANIKANDAN, K RAJYALAKSHMI AND J RAMACHANDRAN K S Manikandan, Associate Professor of Strategy, Indian Institute of Management Tiruchirappalli, K Rajyalakshmi, formerly Research Associate and J Ramachandran, Professor of Strategy, IIMB Chair of Excellence and Bain Fellow, prepared this case for class discussion. This case is not intended to serve as an endorsement, source of primary data, or to show effective or inefficient handling of decision or business processes. Copyright © 2016 by the Indian Institute of Management Bangalore and Indian Institute of Management Tiruchirappalli. No part of the publication may be reproduced or transmitted in any form or by any means – electronic, mechanical, photocopying, recording, or otherwise (including internet) – without the permission of Indian Institute of Management Bangalore. Leading the Tata Group (A): The Ratan Tata Years December 2012. Ratan Tata (75 years old), chairman of the Tata Group, one of India's oldest (Exhibit 1) and most respected business groups, handed over the reins of the group to Cyrus Mistry. Speaking of his legacy, Ratan Tata said: I do not know how history will judge me, but let me say that I’ve spent a lot of time and energy trying to transform the Tatas from a patriarchal concern to an institutional enterprise. It would, therefore, be a mark of failure on my part if it were perceived that Ratan Tata epitomizes the group’s success. What I have done is establish growth mechanisms, play down individuals and play up the team that has made the companies what they are.
    [Show full text]
  • 57Th Annual Report 2019-2020
    57TH ANNUAL REPORT 2019-2020 CONTENTS Page No. Directors' Report ..................................................................................... 2-15 Annexure to the Directors' Report ...................................................... 16-38 Auditors' Report .................................................................................... 39-43 Annexure to the Auditors' Report........................................................ 44-47 Balance Sheet ........................................................................................... 48 Statements of Profit & Loss ..................................................................... 49 Statements of Changes in Equity ....................................................... 50-51 Cash Flow Statements ......................................................................... 52-53 Significant Accounting Policies .......................................................... 54-74 Notes Forming part of the Financial Statements ............................ 75-131 Consolidated Financial Statements................................................ 132-246 1 TATTTA INTERNATIONAL LIMITED BOARD’S REPORT To the Members, The Directors present the Annual Report of Tata International Limited (“the Company”) along with the audited financial statements for the financial year ended March 31, 2020 ("financial year 2019-20 / FY 2019-20"). The consolidated performance of the Company and its subsidiaries has been referred to wherever required. FINANCIAL RESULTS (Rs. In crores) Standalone Consolidated
    [Show full text]
  • Tata Family Tree.Qxd
    TRUSTING THE FAMILY: A SHORT HISTORY OF TATA SONS OWNERSHIP The weight and might of the 18 per cent stake in Tata Sons inherited by Cyrus Mistry’s father Pallonji Shapoorji played a key role in him trumping international competition to take up the corner office in Bombay House. This stake will come into play again if things turn less friendly between the Mistrys and their fellow shareholders: Sir Dorabji Tata Trust and Sir Ratan Tata Trust, which between them own 66 per cent and are headed by Ratan Tata. Here’s a look at how the Mistrys and the trusts came to JAMSETJI own their Tata Sons shares: NUSSURWANJI TATA (owns Tata & Sons) FRAMROZE EDULJI RATANJI DINSHAW DADABHOY TATA Landlord; Advisor, (RD) TATA SONS 1904 friend and lender of After last resort for Tatas (owns Tata & Co) Jamsetji’s death,his two In 1924-26 1926 sons Dorab, FE Dinshaw lends ~2 crore to bail out RD Tata dies, leaving his SIR RATAN Ratan and Tata Steel and Tata Hydro entire estate and debts to TATA cousin RD Tata eldest son JRD merge SIR DORAB companies to TATA Tatas agree to pay 25% share in profits form the of Tata Steel and 12.5% of profits in modern-day J.R.D. TATA Tata Sons Tata Hydro becomes second largest 1918 1930s shareholder Dinshaw’s debt gets converted to equity in Tata Sons of 12.5% in Tata Sons Sir Ratan bequeaths close to 40% stake in JRD divides shareholding SHAPOORJI PALLONJI MISTRY Navajbhai adopts Tata Sons to Sir Ratan equally with siblings Sylla, Naval, father of Tata Trust (SRTT) and Darab, Jimmy and Rodabeh Ratan and Noel Tata 1936 small portion to widow Navajbhai Dinshaw dies.
    [Show full text]
  • Manmohan to Attend G20 Summit in Seoul China¶S Second Lunar
    Manmohan to attend G20 Summit in Seoul Prime Minister Manmohan Singh leaves New Delhi on November 10 for Seoul to attend the G20 Summit that will review the global economic situation and the status of the world recovery. The two-day meet, beginning November 11, will also take stock of the progress of implementation regarding the past decisions of the international economic forum that has met four times since the global financial crisis in 2008. ³This is indicative of the importance, dynamism and credibility of the G20 as a grouping, which since the Pittsburgh Summit has been designated as the µpremier forum¶ for international economic cooperation. The earlier summits have been held in Washington (November 2008), London (April 2009), Pittsburgh (September 2009) and Toronto (June 2010). China¶s second lunar mission probe successful China November 08 put on show pictures of µSinus Iridum¶, or µBay of Rainbows¶, the spot on the moon¶s surface where it plans to land its third lunar mission in 2013. Chinese Premier Wen Jiabao unveiled pictures of the ¶Bay of Rainbows¶, marking the success of China¶s µChang¶e-2¶ lunar probe mission, official media here said. The pictures were taken and sent back by µChang¶e-2¶, China¶s second lunar probe, which was launched on October 1. The lunar probe named after a Chinese mythical moon goddess, is currently orbiting 100 km above the moon taking pictures of its surface with a high resolution camera. ¶Chang¶e-2¶, regarded as a trial run to land ¶Chang¶e-3¶ in 2013, is aimed at testing necessary technologies and continuing to transfer data back to earth for further research before eventually landing on the moon as an experiment for future lunar probes.
    [Show full text]
  • 56Th Annual Report 2018-2019
    56TH ANNUAL REPORT 2018-2019 CONTENTS Page No. Year in Brief ................................................................................................. 3 Directors' Report ..................................................................................... 4-15 Annexure to the Directors' Report ...................................................... 16-35 Auditors' Report .................................................................................... 37-39 Annexure to the Auditors' Report........................................................ 40-43 Balance Sheet ........................................................................................... 44 Statements of Profit & Loss ..................................................................... 45 Statements of Changes in Equity ....................................................... 46-47 Cash Flow Statements ......................................................................... 48-49 Significant Accounting Policies .......................................................... 50-61 Notes Forming part of the Financial Statements ............................ 62-114 Financial Summary .................................................................................. 115 Consolidated Financial Statements................................................ 117-215 1 TATTTA INTERNATIONAL LIMITED BOARD OF DIRECTORS (As on June 15, 2018) G K PILLAI- CHAIRMAN N N TATA- MANAGING DIRECTOR DEEPAK PREMNARAYEN R MUKUNDAN S S KUDTARKAR REGISTERED OFFICE Trent House, G-Block, Plot No.
    [Show full text]
  • Tata-International-Limited-Annual
    BOARD OF DIRECTORS (As on May 27, 2016) G K PILLAI- Chairman H S VACHHA P G MANKAD A K VORA N N TATA- Managing Director R MUKUNDAN R PISHARODY S S KUDTARKAR P V GOPALAKRISHNA (Appointed as Additional Director w.e.f April 25, 2016) REGISTERED OFFICE Trent House, G-Block, Plot No. C 60, Next to Citibank, Bandra Kurla Complex, Bandra East, Mumbai-400 051. CIN: U51900MH1962PLC012528 AUDITORS Deloitte Haskins & Sells LLP BANKERS State Bank of India Standard Chartered Bank ICICI Bank Hong Kong and Shanghai Banking Corporation Ltd. BNP Paribas 1 INTERNATIONAL Fifty third annual report 2015-2016 Tata International Limited 2 CONTENTS Page No.(s) Year in Brief .............................................................................................................................. 4 Directors’ Report ..................................................................................................................... 5-16 Annexure to the Directors’ Report ................................................................................... 17-44 Auditors’ Report ...................................................................................................................... 45-46 Annexure to the Auditors’ Report .................................................................................... 47-51 Balance Sheet ......................................................................................................................... 52 Statement of Profit and Loss ............................................................................................
    [Show full text]
  • UNIT-V Succession Planning Lessons TATA – INFOSYS – RAYMOND
    UNIT-V Succession Planning lessons TATA – INFOSYS – RAYMOND Succession Planning Vs Legacy TATA and Raymond have more than 100 years of legacy and Infosys has more than 30 years of legacy. They have contributed to the economy and job creation in the country in a significant way. Currently all the three are facing issues and criticism in reference to their succession planning. While all businesses go through the cycle of profit & losses, succession is an important and critical part of the Business planning. Although the most obvious, this has been a challenge for many. The same issues existed back in the days of Ramayana and Mahabharata. Kingdoms were destroyed because of succession issues. Brother killed a brother, son imprisoned the father and less deserving son was made a king. We have read many such stories and yet refuse to learn or adapt. In what areas of succession planning did these companies go so wrong? Leadership & its Acrimony TATA: Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising of over 100 independent operating companies & present in more than 100 countries. Tata Company’s revenue is at $100.39 billion and the group collectively has employed over 695,000 people. In 2005, the board increased the retirement age of non-executive directors to 75, ensuring that Tata would be in office till 2012. And finally, when he packed his bags at Bombay House and handed over the baton to Cyrus Mistry, it was only to return four years later in 2016. Mistry was not hands-on with most group businesses as being the group chairman is a different ballgame altogether from being a board member.
    [Show full text]
  • Corporate, Business, Persons
    Dinesh Miglani ( Trainer, Quantitative Aptitude and GK) LL.B., LL.M., M.B.A. Facebook : [email protected] Facebook group: Legal India , Business India . Likho India Message from the Desk of Legal India………….. Dear Friends, As you know Current affairs ( corporate, business, persons, events, sports and honours) is an integral section of exams like SNAP, IIFT,IRMA ( Socio economic GK with current affairs), NMAT, MIB, MHROD ( Delhi School of Economics), MFC ( Delhi University), GBO ( Sri Ram college of Commerce), MAT, ATMA etc. This compendium will help you to crack the general awareness section of these exams. Few tips to crack GK: - Read this compendium as many times as possible - Read one monthly magazine i.e. Competition Success, Competition Master, Partiyogita Darpan , News & Events etc. from January to till date - Read the General Knowledge Book of any of Publication either Arihant, Upkar etc ( smallest one costing 20 to 25 Rs only) for static GK because experience states that every important point regarding history, general science is available in these books. - Read Special issue of Indian Economy of Pratiyogita Darpan or Chronicle etc. You are requested to forward this compendium to your friends who are preparing for these exams. Yours kind suggestions are most welcome for further improvement. Wish you all the best for the upcoming exams. Dinesh Miglani Adv On behalf of Legal India team Disclaimer: Although due care is taken to make this collection, no responsibility is taken for any of the mistakes in the content. No legal action can lie in any of the courts on the mistakes. For any type of guidance for CAT , SNAP , IRMA& XAT , and for more GK supplements ( month wise) feel free to send mail at [email protected] , [email protected] or contact at 09215514436 Pls forward this supplement to your friend bcs it can make a difference in GK preparations Dinesh Miglani ( Trainer, Quantitative Aptitude and GK) LL.B., LL.M., M.B.A.
    [Show full text]