India Inc. must brace up for large-scale ratings downgrade, defaults and assets sale

Tata Sons chairman N Chandrasekaran's comments came a day after a media report said that half of the thermal power plants in the country are shutting down

IIFL Wealth-Hurun India Rich List 2019: Mumbai topped the list with 42 billionaires, while Delhi followed on the second spot with 25 billionaires.

Ajay Piramal was among the two new directors that were brought in months before the then Tata Sons Chairman Cyrus Mistry was shown the door

\"I am being sacked\" was the text message former Tata Sons chairman Cyrus P Mistry sent to his wife Rohiqa minutes after he was asked to either resign or face termination over Tata Trusts losing confidence in him for a variety of reasons.

Nusli Wadia in his complaint said Tata Sons, Ratan Tata and the board had individually and collectively defamed him by printing, publishing and circulating \"false, frivolous, baseless, incorrect, libellous and defamatory material\" with the sole intention of tarnishing his reputation.

It would make all stakeholders - Tata Trusts, Tata Sons and group companies - act according to their best interests

Wadia, who is chairman of Bombay Dyeing and Britannia Industries, has been an independent director on the boards of three Tata entities - Tata Motors, Tata Steel and Tata Chemicals.

Ralf Speth, CEO of Jaguar Land Rover and  N Chandrasekaran, CEO & Managing Director of Tata Consultancy Services, have been appointed as Additional Directors on the Tata Sons Board.

Most of them started from the bottom, and today under the eagle supervision of senior family members, a whole host of inheritors is pulling out all stops to earn their spurs.

Though the decade began with a bug scare and ended with a scandal and a slowdown, positive events were plentiful through the first 10 years of 21st century. BT identifies 10 milestone events, and what they meant.