Thursday, 12 January 2017

Will Tata Sons get a new Chairman today?

Tata Sons may have a new Chairman by the end of the day, with officials saying the selection of a replacement for the ousted Cyrus Mistry is imminent, people privy to developments at the conglomerate. An unscheduled board meeting would take place Thursday at 5 pm, adding that the five-member selection committee is likely to have zeroed in on a "well-known insider" for the top job. Ratan Tata has been serving as interim Chairman since the Tata Group removed Cyrus Mistry on October 24.

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