Tata Group News
The subsidiaries are Tata Steel Long Products Limited in which Tata Steel holds 74.91 per cent equity, The Tinplate Company of India Limited (74.96 per cent), Tata Metaliks Limited (60.03 per cent), The Indian Steel & Wire Products Limited (95.01 per cent equity holding), Tata Steel Mining Limited and S & T Mining Company Limited (both wholly-owned subsidiaries).
Tata is in discussions with Wistron to establish an electronics manufacturing joint venture plant and assemble the iPhone. According to the report, the company intends to leverage Wistron's expertise in product development, supply chain, and assembly. Apple has been looking for alternative manufacturing locations in order to reduce its reliance on China.
Mistry joined Tata Sons' board of directors in September 2006, following his father's retirement. Cyrus Mistry could only stay in his position for four years before being removed in a boardroom coup led by Tata Trusts in 2016. In a court battle, the Supreme Court ruled in 2021 that Cyrus' removal from the Tatas was legal.