Corporate

Ratan Tata appointed interim Chairman of Tata Sons, Cyrus Mistry sacked

Parijat Tripathi
Parijat Tripathi
Chairman of India's Tata group Ratan Tata speaks to the press during the first media day of the 79th Geneva car show, on March 3, 2009 in Geneva. Indian car maker Tata is due to unveil the European version of its mass production Nano microcar with a reported price tag equivalent to a big scooter; 5,000 euros (6,347 dollars). Crisis-hit automobile giants heralded a bruising battle for cash-strapped buyers at the Geneva Motor Show, as they struggle to make the best of a fast shrinking market by unveiling new "green" models. AFP PHOTO / NICHOLAS RATZENBOECK

In a surprise move, Tata Sons on Monday removed Cyrus Mistry as its Chairman, nearly four years after he took over the reins of the over USD 100 billion salt-to-software conglomerate. The decision was taken at a Board meeting held in Mumbai.

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