India’s Tata removes Cyrus Mistry as beverage giant chairman


INDIAN conglomerate Tata removed Cyrus Mistry as the chairman of the tea giant Tata Global Beverages Limited today (November 15), weeks after dumping him as group chief in a move that stunned the country’s business world. Mistry was unceremoniously sacked last month as chairman of Tata Sons, the holding company of India’s most famous family conglomerate – the $103 billion steel-to-salt Tata Group. TGBL said in a statement to the Bombay Stock Exchange that Harish Bhat had replaced Mistry as the chairman, after seven out of 10 company directors voted for his removal during Tuesday’s board meeting. “The board of…

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