On the Tata-Mistry spat

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.