NEW DELHI: Tata Teleservices<\/a> (Maharashtra) today said its board considers risk assessment and management regularly with disclosures as per law, days after ousted Tata Sons Chairman Cyrus Mistry<\/a> alleged that the group's telecom business has been continuously haemorrhaging. \n\tIt further said: \"...Appropriate disclosures have been made by the company, as required under applicable law.\"<\/p>\n \n\tStating that it has risk management systems and functions, which are supervised by the audit committee, the company pointed out that there is also a whistle blower policy in place and the same is a part of the charter of audit committee.<\/p>\n \n\tA day after he was replaced on October 24, Mistry had written to the board members of Tata Sons that of all the companies in the portfolio, the group's telecom business \"has been continuously haemorrhaging\".<\/p>\n \n\tIn his letter, Mistry said: \"If we were to exit this business via fire sale or shut down, the cost would be four to five billion dollars. This is in addition to any payout to DoCoMo of at least a billion plus dollars.\"<\/p>\n \n\tHe had also raised questions over the \"appropriateness\" of the original structure of the DoCoMo transaction from a commercial or a prudential perspective within the then prevailing Indian legal framework.<\/p>\n \n\tTata Teleservices (Maharashtra), however, said in its clarification that it had no role to play in the DoCoMo transaction.<\/p>\n\"At the outset...the DoCoMo transaction...is not with Tata Teleservices (Maharashtra) but with our promoter companies Tata Sons Ltd and Tata Teleservices Ltd,\" the company said. MBI RKL MR\n\n<\/body>","next_sibling":[{"msid":55208248,"title":"\u200b'\u200bAbrasive\u200b'\u200b action possible if bilateral issues \u200bsuch as interconnection \u200baren\u2019t resolved within regulatory framework: Manoj Sinha","entity_type":"ARTICLE","link":"\/news\/abrasive-action-possible-if-bilateral-issues-such-as-interconnection-arent-resolved-within-regulatory-framework-manoj-sinha\/55208248","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":55208652,"entity_type":"ARTICLE","title":"Made appropriate disclosures under applicable law: Tata Teleservices","synopsis":"\u200bThe company also clarified that it was not a party to the the DoCoMo transaction, which is with its promoter firms Tata Sons and Tata Teleservices Ltd.","titleseo":"telecomnews\/made-appropriate-disclosures-under-applicable-law-tata-teleservices","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":110,"shares":0,"engagementtimems":550000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-11-02 19:30:24","lastupd":"2016-11-02 19:32:20","breadcrumbTags":["industry","Docomo","TTML","Tata Teleservices","Cyrus Mistry"],"secinfo":{"seolocation":"telecomnews\/made-appropriate-disclosures-under-applicable-law-tata-teleservices"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2016-11-02" data-index="article_1">
新德里消息:塔塔电信业务(马哈拉施特拉邦)今天表示,其董事会认为风险评估和管理定期披露按照法律,几天后被塔塔桑主席塞勒斯Mistry称,该集团的电信业务不断大出血。 进一步说:“…适当的披露已经由公司根据适用法律的要求。” 指出风险管理系统和功能,由审计委员会监督,该公司指出,还有一个揭发者政策到位,也是审计委员会的宪章的一部分。 一天后,他取代了10月24日,Mistry写入Tata Sons的董事会成员,所有的企业在投资组合中,该集团的电信业务不断大出血。 在信中,Mistry说:“如果我们通过减价出售或关闭退出这个行业,成本会4到五十亿美元。这是除了任何支付DoCoMo至少十亿+美元。” 他还质疑的“适当性”的原始结构DoCoMo事务从商业或审慎观点在当时印度的法律框架。 塔塔电信业务(马哈拉施特拉邦),然而,在其澄清表示,DoCoMo事务中没有作用。
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The company also clarified that it was not a party to the the DoCoMo<\/a> transaction, which is with its promoter firms Tata Sons and Tata Teleservices Ltd. \"...all required governance processes in respect of risk assessment and risk management have been considered by the board of directors and its duly constituted committees from time to time,\" Tata Teleservices (Maharashtra) or TTML<\/a> said in a clarification to BSE.<\/p>\n
该公司还澄清说,不是的DoCoMo与其启动子事务,这是塔塔桑公司和塔塔电信业务有限公司“…所有必需的治理过程的风险评估和风险管理被认为是由董事会及其不时正式组成委员会,”塔塔电信业务(马哈拉施特拉邦)或TTML在澄清称疯牛病。
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NEW DELHI: Tata Teleservices<\/a> (Maharashtra) today said its board considers risk assessment and management regularly with disclosures as per law, days after ousted Tata Sons Chairman Cyrus Mistry<\/a> alleged that the group's telecom business has been continuously haemorrhaging. \n\tIt further said: \"...Appropriate disclosures have been made by the company, as required under applicable law.\"<\/p>\n \n\tStating that it has risk management systems and functions, which are supervised by the audit committee, the company pointed out that there is also a whistle blower policy in place and the same is a part of the charter of audit committee.<\/p>\n \n\tA day after he was replaced on October 24, Mistry had written to the board members of Tata Sons that of all the companies in the portfolio, the group's telecom business \"has been continuously haemorrhaging\".<\/p>\n \n\tIn his letter, Mistry said: \"If we were to exit this business via fire sale or shut down, the cost would be four to five billion dollars. This is in addition to any payout to DoCoMo of at least a billion plus dollars.\"<\/p>\n \n\tHe had also raised questions over the \"appropriateness\" of the original structure of the DoCoMo transaction from a commercial or a prudential perspective within the then prevailing Indian legal framework.<\/p>\n \n\tTata Teleservices (Maharashtra), however, said in its clarification that it had no role to play in the DoCoMo transaction.<\/p>\n\"At the outset...the DoCoMo transaction...is not with Tata Teleservices (Maharashtra) but with our promoter companies Tata Sons Ltd and Tata Teleservices Ltd,\" the company said. MBI RKL MR\n\n<\/body>","next_sibling":[{"msid":55208248,"title":"\u200b'\u200bAbrasive\u200b'\u200b action possible if bilateral issues \u200bsuch as interconnection \u200baren\u2019t resolved within regulatory framework: Manoj Sinha","entity_type":"ARTICLE","link":"\/news\/abrasive-action-possible-if-bilateral-issues-such-as-interconnection-arent-resolved-within-regulatory-framework-manoj-sinha\/55208248","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":55208652,"entity_type":"ARTICLE","title":"Made appropriate disclosures under applicable law: Tata Teleservices","synopsis":"\u200bThe company also clarified that it was not a party to the the DoCoMo transaction, which is with its promoter firms Tata Sons and Tata Teleservices Ltd.","titleseo":"telecomnews\/made-appropriate-disclosures-under-applicable-law-tata-teleservices","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":110,"shares":0,"engagementtimems":550000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2016-11-02 19:30:24","lastupd":"2016-11-02 19:32:20","breadcrumbTags":["industry","Docomo","TTML","Tata Teleservices","Cyrus Mistry"],"secinfo":{"seolocation":"telecomnews\/made-appropriate-disclosures-under-applicable-law-tata-teleservices"}}" data-news_link="//www.iser-br.com/news/made-appropriate-disclosures-under-applicable-law-tata-teleservices/55208652">
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The company also clarified that it was not a party to the the DoCoMo<\/a> transaction, which is with its promoter firms Tata Sons and Tata Teleservices Ltd. \"...all required governance processes in respect of risk assessment and risk management have been considered by the board of directors and its duly constituted committees from time to time,\" Tata Teleservices (Maharashtra) or TTML<\/a> said in a clarification to BSE.<\/p>\n
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