New Delhi: Tata Sons on Wednesday announced the successor to Ratan Tata, naming Shapoorji Pallonji Group Managing Director Cyrus P Mistry as the head of over USD 80 billion conglomerate Tata Group.
Indian Premier League announced expansion of its ten franchises with two teams for Kochin and Pune, though both will launch from the next year 2011 season.
The Sahara Adventure Sports Group has won the Pune bid at USD 370 million while the Rendezvous Sports World Limited has landed the Kochi bid
In what comes as good news for Indian passengers, the Indian rupee will now be accepted for all transactions at duty free shops of Dubai airports. Previously, Indian travelers had to convert their money into Dollar, Dirham or Euro before they could make any purchase at Dubai's duty free shops.