As speculation continues to swirl around the reasons why the Tata Sons board chose to replace Cyrus Mistry as chairman, the one common thread that seems to run through conversations with people considered close to Ratan Tata who’ve been privy to top-level internal discussions is that Mistry “failed to keep the trust of the Trusts”.
Dismissed Tata Sons chairman Cyrus Mistry took his gloves off in his widely leaked 2,100-word mail to the board targeting Ratan Tata and people close to him with a string of allegations of bad business bets and questionable deals.
The already dim prospects of any improvement in India-Pakistan relations were dealt another blow on Thursday with Delhi Police busting an espionage ring whose 'kingpin' is a Pakistan high commission official.
The CBI which filed a chargesheet against Peter Mukerjea in the Sheena Bora murder case last week, continued to press on with the investigation on Thursday by recording the statements of three senior IPS officers.
57-year-old K Padmarajan, popularly known as, 'Therthal Mannan' (Election King), for consistently filing nomination papers in the elections, has not spared the by-election to the Thiruparankundram assembly constituency.
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.
Sourav Ganguly insisted that Mahendra Singh Dhoni should stick to batting at No 4 which will enable him and Virat Kohli could play the finishers' role. The former Indian captain however said India were not becoming too much over dependent on Kohli.
Eyeing a historic bilateral ODI series win in India, New Zealand batsman Ross Taylor said they are hungry to win the five-match series decider on Saturday and make up for the 0-3 whitewash in Tests. "You don't often win series away from home especially in the sub-continent," Taylor said.
Cabinet gave in-principle approval to NITI Aayog's proposal for strategic sale of state-owned firms & entrusted DIPAM with the task of finalising the PSUs in which control can be given to private players. Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public.
The Reserve Bank of India notice on Thursday highlighted the pitfalls of fake currency notes in circulation and warned the public of "unscrupulous elements putting into circulation fake currency notes of higher denominations."