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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
Gossip: Thudippu Dance Foundation’s Fierce Premiere Reclaims Women’s Bodies and Voices at Kochi Biennale
Global Ayurveda and Wellness Conclave to Showcase Kerala as Domain Leader
KINFRA Signs MoU with Goldsikka Pvt Ltd to Set up Global Gold City at Mattannur
Kerala Budget Increases Allocation for Tourism Sector to Rs 413.52 cr
Rs 99.52 Cr for KSUM; Three New Schemes Rolled Out
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  • Removal Unprecedented, Cyrus Mistry Email

    By NE Reporter on October 26, 2016

    MUMBAI:
    Cyrus Mistry, who was abruptly removed as Chairman of the Tata Group on Monday, has emailed board members to say he is “shocked” by how he was ousted and that the “board has not covered itself with glory” and he was not given “a chance to defend myself.”mistry
    Mistry, 48, has been replaced by his predecessor, Ratan Tata, who is back as top boss of India’s largest conglomerate for four months. As a pre-emptive move against a legal challenge from  Mistry, the Tatas have filed caveats or taken action in a series of courts.
    Mistry has described his removal as “unprecedented” in India. His office has said that he is not considering a legal move “at this stage”. The board of the $100 billion group has nine members. Six voted to remove Mistry; two abstained; Mistry, per rules, did not get a vote.

    NE Reporter

    chairman of Tata GroupCyrus MistryRatan Tata

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    Live Updates

    • Gossip: Thudippu Dance Foundation’s Fierce Premiere Reclaims Women’s Bodies and Voices at Kochi Biennale
    • Global Ayurveda and Wellness Conclave to Showcase Kerala as Domain Leader
    • KINFRA Signs MoU with Goldsikka Pvt Ltd to Set up Global Gold City at Mattannur
    • Kerala Budget Increases Allocation for Tourism Sector to Rs 413.52 cr
    • Rs 99.52 Cr for KSUM; Three New Schemes Rolled Out

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    • Gossip: Thudippu Dance Foundation’s Fierce Premiere Reclaims Women’s Bodies and Voices at Kochi Biennale
    • Global Ayurveda and Wellness Conclave to Showcase Kerala as Domain Leader
    • KINFRA Signs MoU with Goldsikka Pvt Ltd to Set up Global Gold City at Mattannur
    • Kerala Budget Increases Allocation for Tourism Sector to Rs 413.52 cr
    • Rs 99.52 Cr for KSUM; Three New Schemes Rolled Out

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