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Thursday,
November 24,
2011, Chandigarh, India
Edition update time 2:30 am (IST)
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Latest
news, updated at 6:00 pm
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SC grants bail to 5 corporate honchos
Relief for Raja, Kanimozhi, other accused soon
New Delhi, November 23
The Supreme Court today granted bail to five top executives involved in the 2G scam, raising the possibility of similar relief for former Telecom Minister A Raja, DMK MP Kanimozhi and 10 other accused cooling their heels in Tihar Jail here for more than six months.
Unitech Limited MD Sanjay Chandra, Swan Telecom Director Vinod Goenka
and Reliance Anil Dhirubhai Ambani Group (ADAG) executives Hari Nair,
Gautam Doshi and Surendra Pipara walked out of prison later in the
evening.
Cyrus
Mistry named Ratan Tata�s successor
To take over in December 2012
Mumbai/New Delhi, November 23
Tata
Sons today announced the successor to Ratan Tata and named Shapoorji
Pallonji Group Managing Director Cyrus P Mistry (43) as the head of over
USD 80 billion conglomerate Tata Group. The 43-year-old Mistry,the son
of Pallonji Mistry, Chairman of the Shapoorji Pallonji Group that holds
18 per cent stake in Tata Sons, will take over the reins when Tata
retires in December, 2012.
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