Former Tata Sons Boss Dies In Car Crash
"); jQuery("#212 h3").html("
"); });
2022-09-05 HKT 00:50
Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said.
Mistry was ousted as chairman of Tata Sons, the holding company of the US$300-billion salt-to-software Tata conglomerate, in a boardroom coup in 2016, sparking a long-drawn-out legal tussle on which India's top court eventually ruled in Tata Group's favour.
The accident took place in Palghar, located about 100 kilometres from Mumbai, on Sunday afternoon. Mistry was travelling to Mumbai from Gujarat with three others, B. Patil, the top police official in Palghar district, said.
A senior Mumbai police official said the car in which Mistry was travelling had rammed into a divider, and that he had died at the accident site.
Mistry's family and Tata Sons did not immediately respond to a request seeking comment.
Several prominent politicians and industrialists tweeted their condolences after news of Mistry's passing was reported.
"Deeply saddened to know about the unfortunate demise of Ex-Chairman of Tata Sons, Cyrus Mistry Ji in a road accident near Palghar, Maharashtra," Nitin Gadkari, India's road transport minister, said in a Twitter post. (Reuters)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more