Ratan Tata writes to PM Modi on Mistry's removal
Ratan Tata has written to Prime Minister Narendra Modi informing him about the removal of Cyrus Mistry as Tata Sons' Chairman with "immediate effect". A new management structure is being put in place and a Selection Committee has been constituted to choose the next chief, Tata wrote. Notably, Ratan Tata has been appointed as the group's Interim Chairman, replacing Mistry.