Tag Archives: due

Cyrus Mistry: Tata Nano survived despite losses due to emotional reasons

Recently ousted Chairman of Tata Motors, Cyrus Mistry in his letter to Tata Sons and Tata Trust board members states that only emotional reasons kept the Nano project alive. Reports indicate that the project was facing a cost overrun and losing money which peaked to about Rs 1,000 crore. The letter also states that, “Another challenge in shutting it down Read More

Andhra Pradesh: Evacuation in East Godavari due to flood threat

The people living in low-lying Lanka villages in the East Godavari district were shifted to safer places as water level in Godavari river, which is in flood due to heavy rains, reached 13.75 feet Tuesday evening. “Second warning was issued at Dowleswaram  and necessary precautions were taken in East Godavari district to evacuate the people in low-lying Lanka villages,” district collector H Aun Kumar said. The Read More