Asia Sentinel

Asia Sentinel

Patriarch of India’s Tata Takes Back his Empire

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Asia Sentinel
Nov 01, 2016
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The fallout from the Oct. 24 sacking by Tata patriarch Ratan Tata of his chosen successor Cyrus Mistry as chairman of Tata Sons, the group’s holding company, continues:

In an email to the company, leaked in the media, Mistry has warned that the conglomerate may face $18 billion in write-downs because of five unprofitable businesses he inherited from Rata…

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