Boardroom battle continues at Tata as the group levels attack at ousted chairman Cyrus Mistry.
Tata has replaced Cyrus Mistry with Ishaat Hussain as interim chairman of the company. "Hussain shall hold office as chairman of the company until a new chairman is appointed," Tata said, according to Reuters. Tata Sons, the holding company for the Tata Group, launched an attack today against Mistry, criticising his performance and removing him as head of the group's flagship business. In a nine-page statement, Tata accused Mistry of trying to take control of one of the company's units and creating distance between the promoter, Tata Sons, and its group companies. It also blamed him for nearly causing losses and eroding shareh