Tata Sons, the holding company of the Tata group, announced on Monday that Cyrus Mistry was being removed a chairman and that his predecessor, Ratan Tata, would step in as interim chairman. Mistry, in an email to the board that became public, warned of a Rs1.18 trillion writedown, over time, from five unprofitable businesses and questioned various decisions taken prior to his tenure.
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Fri, Dec 01 2017. 12 05 AM IST
Thu, Sep 07 2017. 11 59 PM IST
The Narendra Modi government has been cracking down on shell companies as part of a drive against black money. Among other measures, it has frozen the bank accounts of more than 200,000 companies struck off the records of the Registrar of Companies to prevent their directors from accessing the accounts.
Thu, Aug 31 2017. 11 27 PM IST