• Thursday, December 08, 2022

Business

Tata group accuses ousted chairman Cyrus Mistry of malice

Falling out Cyrus Mistry with Ratan Tata in happier times

By: Eastern Eye Staff

TATA Sons accused its former chairman, Cyrus Mistry, of levelling unsubstantiated claims and malicious allegations against the Indian conglomerate as the bitter and highly public row over his sacking escalated today (October 27). The acrimonious exchange has led aides to Prime Minister Narendra Modi to urge restraint in a dispute that could sully the reputation of one of India’s oldest and most respected business houses. Tata Sons has had only six chairmen since it was founded in 1868, growing into a $103 billion international conglomerate that today spans cars, steel and information technology. Mistry’s parting shot, in a blistering letter…

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