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India's Tata Sons dumps Cyrus Mistry as chairman

Mr Mistry (above) succeeded Ratan Tata in 2012 after being announced as its heir more than a year earlier. He is related to the famous Indian family through his sister's marriage.


INDIA'S Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family.

The decision comes as the steel arm of the sprawling US$100 billion...