Business news

Cyrus Mistry says his removal as Tata Group chairman was 'unprecedented'; speculations rife about more exits

In an email sent to board members, Mistry says he "was not given a chance to defend" himself.

Oct 26, 2016

Axis Bank stock dives 7% on disappointing Q2 results

The bank reported 83 percent fall in its net profit to Rs 319 crore for the September quarter.

Oct 26, 2016

Flipkart CFO Baweja quits as exodus at the top continues

Since the top management rejig in January this year, exits in the top echelons of Flipkart have become common

Oct 26, 2016

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New Tata directors: Jaguar Land Rover CEO Ralf Speth and TCS chief N Chandrasekaran appointed Additional Directors on Tata Sons Board

Outgoing chairman of Tata Group, Cyrus Mistry continues on the board of Tata Sons, but has been re-designated as 'non-executive director'

Oct 25, 2016

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Man jailed for smashing his truck into traffic because he was on his mobile

Razvan Rusu was sentenced to eight months in prison for dangerous driving at Harrow Crown Court for using his mobile whilst driving his HGV lorry. Rusu had used his phone for 2km (1.2 miles) before the crash damaging three cars and injuring two drivers. Rusu pleaded guilty.

Oct 25, 2016

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Tata Group files caveats against ousted Tata Sons chairman Cyrus Mistry

It is being seen as a move to prevent ousted Tata Sons chairman Cyrus Mistry from getting ex-parte order against his removal.

Oct 25, 2016

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‘Muzzled’ Boris Johnson should quit cabinet over Heathrow approval says Green leader

Green Pary co-leader Jonathan Bartley has called for Foreign Secretary Boris Johnson to stand down after the government approved plans expand Heathrow Airport. Conservative MP for Richmond Park Zac Goldsmith is due to resign from his seat in protest of the plans for a new runway.

Oct 25, 2016