This could turn into an ugly war. A day after the Tata Sons board summarily dismissed Cyrus Mistry as chairman, he hit back with a vengeance at the board in general and his predecessor and interim replacement Ratan Tata in particular.
It was a day when Cyrus Mistry's five-page letter against Ratan Tata for alleged interference in the affairs of the Tata Group went viral, and the former chairman of the conglomerate was himself in the thick of action, dividing his time between discussions with advisers and a crucial meeting of a group company.
Ever wondered why getting train tickets during the Diwali holidays is difficult? If the outcome of raids on city travel agencies, who are unlicensed railway ticketing agents, is any indication, it's because most of them land in the hands of these agents who take a fat commission of around 500 per ticket from passengers.
Apple has announced biggest-ever price drop for its smartphones in India. Under the new pricing, iPhone 6S (128GB), carying an MRP of Rs 82,000, will now be available at an MRP of Rs 60,000. iPhone 6s Plus (128GB) will now be available at an MRP of Rs 70,000, the smartphone too has received a price cut of Rs 22,000. Apple's 4-inch smartphone iPhone SE, too has got a price cut. The 64GB version of iPhone SE will now be available at Rs 44,000.
New Zealand captain Kane Williamson made a surprising decision to bat first after winning the toss but his bowlers proved him right as they stepped up in a must win contest in Ranchi to help beat India by 19 runs and draw level at 2-2.
Opening the scoring in the 12th minute, Rupinder saw Malaysia equalize through Razie Rahim's drag flick in the 18th minute, but got into the goal-scoring act again two minutes from the end to clinch India a win in the crucial outing and top the league standings.
After losing the fourth ODI against New Zealand, Indian captain Mahendra Singh Dhoni said telling the youngsters not to play big shots would lead to their going into a shell and that will not be good for their development.
Amid disappointment in India, PM Modi on Thursday asked top officials in states and at the Centre to study the latest World Bank report which has ranked the country at 130th place out of 190 nations in 'Ease of Doing Business' and asked them to analyze areas requiring reforms and improvement.
Key Tata Group firms lost over Rs 10,000 crore for the second day on Wednesday, extending the total erosion in market capitalization to more than Rs 21,000 crore following Cyrus Mistry's ouster as Tata Group chairman.
Bad loan worries came back to haunt market as the Sensex slid for the second day by plunging 255 points, led by banking stocks after Axis Bank's sharp drop in quarterly profit suggested all is not well on the NPA front. The 30-share index cracked below the 28,000-mark and closed at 27,836.51 points, down 254.91 points, or 0.91 per cent.