OREANDA-NEWS. March 28, 2012. The report that appeared on the front page of The Economic Times edition, dated March 27, 2012, titled "Mistry carves his territory in Tata empire", contains many factual inaccuracies and seems motivated to cause harm.

As just one example of the many factual inaccuracies, the report states: "Mistry is understood to have held review meetings with the heads of small, relatively less successful companies within the Group such as Nelco, Tata Bearings, Telcon and Tata Ceramics."

No such meetings have been held by Cyrus Mistry, Deputy Chairman, Tata Sons, with any of these companies as stated in the news item.

Such false reporting with conclusions of the possible ways forward is mischievous and can damage relationships, people and companies.

The report's allusion to Mr Mistry's induction as Chairman of Tata Sons having been completed is also factually incorrect and seems motivated.

As per plan, Mr Mistry is undergoing a transition and induction process covering all companies and will take over from Ratan Tata, Chairman, Tata Sons, when he retires in December 2012.