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Tata faces big writedowns, ex-chief warns
Business, Bloomberg News, Published on 28/10/2016
ยป Mumbai: Ousted Tata Group chairman Cyrus Mistry accused directors at India's largest conglomerate of wrongfully dismissing him and warned that the tea-to-software giant may face 1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited.
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