Bad businesses may cost Tata $18 billion: Cyrus Mistry
Tata Sons ousted Chairman Cyrus Mistry has warned that five unprofitable businesses may cost the group $18 billion. According to Mistry, the debt-laden businesses include, Indian Hotels, Tata Motors' passenger vehicle operations and Tata Steel's European business among others. He said the businesses are in losses despite investing ₹1,96,000 crore in them. 