Ratan Tata steps down as Chairman of Tata Global Beverages
Tata group chief Ratan Tata on Tuesday stepped down as Chairman of Tata Global Beverages with immediate effect, making way for successor Cyrus Mistry, who has also been inducted into the board of Indian Hotels Company.
Ratan Tata, chairman emeritus of Tata Sons, on Friday met Civil Aviation Minister Ajit Singh here, days after Malaysian carrier Air Asia announced it had sought government's nod to launch a new airline under a joint venture with Tata Group and an Indian investor.