S&P Global UAE Purchasing Managers’ Index for October rises to 54.1
economy8 hours ago
Former Tata Sons chairman Cyrus Mistry was killed in a road accident near Mumbai on Sunday.
According to Palghar Police, Mistry was travelling from Ahmedabad to Mumbai when his car hit the divider. There were four people in the car. Two died on the spot, including Mistry, while the other two were shifted to hospital.
Taking Twitter, Nationalist Congress Party (NCP) MP Supriya Sule said, "Devastating news. My brother Cyrus Mistry passed away. Can't believe it. Rest in Peace Cyrus."
RPG Enterprises Chairman Harsh Goenka also expressed grief over Mistry's demise.
"So sad to hear of the shocking news of the passing away of Cyrus Mistry in an accident. He was a friend, a gentleman, a man of substance. He was instrumental in creating the global construction giant Shapoorji Pallonji and ably led the Tata group," tweeted Goenka.
Prime Minister Narendra Modi on Sunday condoled Mistry's demise and said his passing away is a big loss to the world of commerce and industry.
"The untimely demise of Shri Cyrus Mistry is shocking. He was a promising business leader who believed in India’s economic prowess," Modi said in a tweet.
"His passing away is a big loss to the world of commerce and industry. Condolences to his family and friends. May his soul rest in peace," the prime minister said.
Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016. He had taken over as the chairman in December 2012 after Ratan Tata announced his retirement. N Chandrasekaran later took over as Executive Chairman of Tata Sons.
ALSO READ:
S&P Global UAE Purchasing Managers’ Index for October rises to 54.1
economy8 hours ago
While the UAE introduced a 9 per cent corporate income tax in 2023, Oman has proposed to levy income tax on the rich
business8 hours ago
In June, Vedas Marketing challenged the conclusions in the authority's decision by referring it to the Financial Markets Tribunal
business8 hours ago
Lender posts strong growth in total income by 17% year on year to Dh17 billion
finance8 hours ago
As the former CEO and Vice-President of Dubai Duty Free his influence on sport extended across global golf communities
sports8 hours ago
The country confirmed it is standing in solidarity with Egypt in this 'painful tragedy'
uae8 hours ago
Let's explore the popular chef's Michelin-starred journey, insights on Spanish cuisine, and a heartfelt love for tomatoes in every dish
food8 hours ago
Mohammad Samara and Khaled Al Shaer, along with 5 other innovators, are leading a broader push for eco-friendly craftsmanship at this year's Dubai Design Week
lifestyle8 hours ago